Incorporating web3 technologies in various sectors is becoming the order of the day as even traditional games are moving to adopt it. This article explains the concept of web3 games and how to build one online.
Web3 is the idea of a new, third-generation Internet that is decentralized and driven by the token economy and blockchain. Web2 World Wide Web, which is based on centralized platforms for user social interaction, is the opposite of it.
Simply defined, Web3 refers to an internet where user data is held in distributed databases rather than on the servers of major businesses like Google, Amazon, Facebook, and Apple.
Through cutting-edge technologies like blockchain, machine learning, big data, and artificial intelligence, Web3 aims to achieve decentralization. The third-generation Internet economy should be driven by tokens and cryptocurrencies, which are decentralized from conventional financial systems.
Since this idea is still in its early stages of development, it is difficult to define and comprehend all of Web3’s guiding principles. But how does this novel idea fit into the game context?
Numerous areas, including research, agriculture, health, technology, music, and even gaming, have been transformed by Web3. Web3-based games offer players the opportunity to interact with the games in novel and decentralized ways, which represents a significant change from traditional gaming platforms.
What are web3 games?
Web3 games are digital games that use blockchain technology as the foundation of the game’s economy (also known as play-to-earn, play-to-own, crypto, blockchain, or NFT games).
Blockchain technology is being used to create Web3 games, which give players a voice in how and when the game should change.
Contrary to traditional Free-To-Play (Freemium) game economies, which have typically existed within a closed ecosystem and prevented players from exchanging in-game products for real-world value, participants in play-to-earn web3 game economies control in-game assets.
Decentralized Autonomous Organizations (DAOs) with decentralized gaming ecosystems, blockchain-based game asset ownership, play-to-earn, crypto-secured gaming wallets, and metaverse gaming are just a few of the cutting-edge methods offered by Web3 gaming.
By providing asset trading, tradeable game tokens, and opportunities for players to earn in cryptocurrencies while playing, Web3 gaming also provides the groundwork for play-to-earn for users and transforms the pay-to-play aspect.
For the gaming industry, Web3 gaming offers fair virtual marketplaces where gamers can access and fully control in-game digital assets. These resources are unique and are kept in the form of gaming NFTs.
By connecting in-game assets and players across platforms, web3 gaming also offers extensive interoperability among various gaming ecosystems. The sort of blockchain platform chosen for creating a gaming ecosystem will affect interoperability.
With billions of dollars being spent on web3 games and gaming infrastructure technology businesses in the first quarter of 2022, web3 games are now the sector of the game’s economy with the highest level of investment.
Features of Web3 games
The following are some defining characteristics of Web3 gaming platforms:
- Minimal Downtime
- Possession and compatibility
- Negligible Downtime
Another intriguing aspect of web3 gaming is the decentralization of previous game formats by integrating and modernizing them into blockchain and metaverse platforms. By adding them to the metaverse, where users may create their own avatars and exchange their preferred in-game items and collectibles, Web3 proposes to enhance well-known and outdated games.
Web3 game environments are self-sufficient, low-maintenance, and independent of any outside interference. Web3 gaming has extremely little downtime due to block mining and huge game data storage capacity.
Possession and compatibility
True ownership and platform interoperability are provided by Web3 games. On one gaming platform, users can own in-game items that they can then transfer to another.
The gaming ecosystem in web3 gaming is customized based on player preferences. Gamers can gain from Web3 gaming in a variety of ways. Another feature of player-driven gaming is that Web3 gaming offers self-sovereignty, which is again for the advantage of players. One is the play-to-earn component, where users earn money through their in-game items.
Games are hosted on the blockchain in Web3 gaming, a distributed method that renders them impenetrable. Blockchain-based gaming relies on voter consensus to change the game process because it has no single point of failure. By doing this, Web3 gaming ensures a high level of transparency.
Types of Web3 game
The two main categories of Web3 games are
Play-to-earn games’ basic tenet is that players should play and win. The sole requirement is to participate in these Web3 dApps; your prize may be NFTs as well as coins.
You will acquire more digital valuables the more you play. Typically, you participate in a game by accomplishing various tasks or testing yourself in a variety of competitions, with digital assets acting as your reward for advancement and success.
As a result, this award can be exchanged for other rewards or put up for sale on online marketplaces. Axie Infinity, Splinterlands, Alien Worlds, and Silks are the most popular play-to-earn gaming examples.
GameFi also offers walk-to-earn games. The main idea behind these games is simple: rather than playing them, you wander about (walk) while collecting virtual goods. It’s yet another creative way of rewarding players for something as basic as walking.
Walken and STEPN are two businesses that distinguish out from the competition.
The first lifestyle app in the world, STEPN, was created with the straightforward goal of rewarding users for exercising. Users are rewarded with GST tokens for a variety of actions, including running, jogging, and walking. These tokens can be sold on multiple exchange sites and used for in-app purchases.
A Web3-based walking program called Walken connects three crucial things: physical activity, online gaming, and cryptocurrency.
To put it simply, Walken wants to reward its customers for walking by giving them cryptocurrency.
WLKN, an in-app token that may subsequently be exchanged for cash, serves as the reward. It is the safest way to obtain your crypto because some walk-to-earn games cannot be played without a prior cryptocurrency purchase.
How to build your Web3 game online
Having known what web3 games are, their features, and even their types, the video below gives a detailed explanation of how to build/launch your web3 game online.
Web3 games are gradually taking over their traditional counterparts with billions of dollars being spent in the sector, exponential growth is expected in years to come.