What is Web3 Gaming?
What is Web3 Gaming? Web3 games are digital games that use the idea of blockchain technology as a fundamental part of the economy of a game. These games are played online. In other words, the customers’ ownership stake in the game will be represented by non-fungible tokens rather than traditional currency (NFTs).
The result of this is that gamers in the decentralized web3 gaming ecosystem have full control over their assets. In addition to that, one of the primary highlights is the implementation of blockchain technology. Axie Infinity is one example of an early Web3 game that has seen tremendous acceptance and outrageously high retention rates as a result of the implementation of blockchain technology into the game’s infrastructure.
In case you were unaware, one of the areas of the gaming industry that is now receiving the greatest amount of investment is Web3 games.
What are the key features of Web3 gaming?
What are the most distinguishing characteristics of Web3 gaming? People can own and sell in-game assets and collectibles in the form of one-of-a-kind non-fungible tokens (NFTs) using cryptocurrencies under the value-exchange gaming model known as web gaming.
Web Gaming is an open-source game platform that provides players with gaming options that include self-sovereignty and decentralization. The following is a list of essential characteristics shared by Web3 gaming platforms:
Ownership and interoperability
Self-sovereignty is a feature of Web3 gaming that gives users the ability to fully control in-game assets and collectibles in the form of NFTs. In traditional gaming, players have ownership over in-game assets and collectibles, but if they decide to switch gaming platforms, they will lose all of their assets.
Collectibles are also owned by gamers. This issue can be remedied with Web3 gaming thanks to its provision of genuine ownership and interoperability across several platforms. On one gaming platform, gamers can acquire in-game assets and then take those assets with them to another gaming platform they play on.
Integration of legacy games
Another intriguing aspect of Web3 gaming is that it integrates and upgrades more traditional game models into the metaverse and blockchain platforms, giving these games a decentralized way of operation. Every player has their own favored game to play, as the gaming experience is highly personal.
Web3 provides the opportunity for players of classic and well-known games to enhance their experience by extending the games into the metaverse. Here, players can create their avatars and engage in in-game assets and collectible trading with other players.
The Web3 games platform adapts the game ecosystem to the preferences of the players. Players stand to benefit in a variety of ways from participating in Web3 gaming. One is the play-to-earn component, in which they generate profit with their in-game stuff; another is old-game integration, which satisfies gamers’ desire to play their favorite games within the metaverse.
Both of these aspects combine to make up the play-to-earn aspect. Self-sovereignty is supported in Web3 gaming, which is another facet of player-driven gaming that works to the players’ advantage.
Web3 game ecosystems are self-sustaining, requiring only a small amount of upkeep, and there is no meddling whatsoever from any authority. The Web3 gaming platform has almost no downtime thanks to the block minting and high game data storage facility. Additionally, it is highly expandable.
Web3 gaming is a decentralized system in which games are housed on the blockchain, rendering them invulnerable to hacking attempts. Gaming that is built on blockchain technology does not have a single point of failure; instead, it relies on voter consensus to change the gaming process, and it is equally available to all of the players that are active on the network. Web3 gaming maintains a high level of openness and transparency because of this feature.
What is the technology stack of Web3 gaming?
What components make up the technology stack that powers Web3 gaming? The following is a list of the several components that make up the Web3 gaming technology stack:
Game developers and gamers can more easily connect with the blockchain platform thanks to Web3 libraries. The libraries and decentralized applications (dApps) allow players to communicate with smart contracts and support in-game transactions involving assets.
Unity or Unreal Software Development Kits are typically used to construct Web3 games dApps. After the protocol has been completed between an EVM blockchain and a non-EVM blockchain, the function of the Web3 libraries will alter correspondingly.
Smart contracts monitor and manage numerous gaming activities. Voting and decision-making processes for alterations to be made to the game’s progression are likewise managed via smart contracts. Voting and decision-making processes on changes to the game’s evolution are managed by smart contracts, which can be customized to meet the needs of individual participants.
The majority of developers write, compile, and deploy smart contracts through the use of the Remix IDE. When a local development ecosystem is necessary, however, utilizing tools like Truffle, Hardhat, and Brownie is simple.
It is essential to have nodes, also known as Web3 providers because they are the ones who retrieve gaming data from the blockchain network. The Web3 developer stack is not complete without nodes because, in its absence, Web3 libraries are unable to interface with smart contracts. Nodes play an essential part in the Web3 developer stack.
Blockchain-based digital wallets are available on every Web3 gaming site. Players are distinguished from one another by their one-of-a-kind wallet addresses. It stores a variety of treasures and assets for use within the game. When it comes to interacting with the blockchain, wallets are an essential component of Web3 games.
The gaming ecosystem can be linked with the metaverse through the use of XR devices such as smart glasses, haptic gloves, and scanning sensors, which creates an experience that is both immersive and entertaining for Web3 gamers.
Open interoperable media standards
The powering of decentralized 3D applications is provided by these standards, which contain text, audio, 3D scenes, and vectors.
Some of the best Web3 games
The following is a list of some of the most famous Web3 games.
Axie Infinity, which was created by the Vietnamese firm Sky Mavis and is modeled around Pokémon, is well-known for the economy that exists within the game.
This is a game built on the Ethereum blockchain in which players not only can collect NFT-based digital pets known as axies, but also have the ability to breed them. As a result of the fact that every axie possesses its unique genetic imprint, every axie possesses its own unique set of strengths and weaknesses, both of which are passed on to the axie’s progeny.
Earning Axie Infinity Shards (AXS), which are an ERC-20 governance token for the Axie Universe, is possible for players. It is the native money of the game, and owners of it have the opportunity to earn rewards by staking their tokens, playing the game, and voting in important governance elections.
These digital pets can also be bought and sold on the largest NFT marketplaces, where the prices vary depending on the attributes, rarity, and utility of each axie.
Battle of Guardians (BOG)
Battle of Guardians (BOG), one of the best web3 games, is a non-fictional fighting game that takes place in real time and is played via the Solana Network. It was developed using the Unreal Engine.
It is modeled after well-known fighting video games such as Street Fighter and Tekken. Users can purchase, rent, engage in combat with one another, and exchange token-based characters known as Fighters within Battle of Guardians.
The combatants might be categorized as either Guardians, Demons, or Humans, depending on their origin. In addition to that, the graphics are quite good. Players have the opportunity to engage in fierce multi-realm fights that take place in a variety of locations within the expansive science fiction world that this game depicts.
This online trading card game is one of the best Web3 games. Gods Unchained offers no cost to players and uses the slogan “If you can’t sell your stuff, you don’t own them” to define itself. The trading card game Gods Unchained markets itself as one in which players can make money by participating.
The old concept of the gaming economy, in which players purchase a game along with in-game items that they can never be able to resell, is being turned on its head by this development.
It grants you complete command over all of the items you have accumulated in-game. You will be able to design your deck, accumulate rare cards, and then sell those cards to other players.
In addition, players have the opportunity to acquire the local GODS token, which is used as a form of currency within the game. Because they may be exchanged for GODS, which can subsequently be converted to real-world currency, rare cards have a monetary value in the real world.
As a result of the fact that they retain full ownership of the valuable assets they have accumulated through time, participants are encouraged to take part in this model.
Splinterlands is a digital collectible card game that was developed on the Hive blockchain and is played online. The gameplay consists of a fight to the death between two different monster groups.
The purpose of the game is for players to compete against one another by purchasing and collecting cards to win. You have a selection of summoners and monsters to pick from whenever you engage in combat within the game.
A player can amass a collection of cards, each of which has its own set of statistics and qualities that confer varying degrees of power on the card. The following is a list of some of the features that are listed on the cards: Your health, your speed, your attack, your armor, your abilities, and so on.
The incorporation of blockchain and metaverse technology into the gaming business was a game-changer for the whole gaming industry, and Web3 games were responsible for this transformation. The elimination of centralized game administrators and owners of gaming platforms has resulted in the democratization of the gaming industry.
Web3 games are also powering the finance side of the game industry with the help of ground-breaking technologies such as blockchain. It is assisting gamers in engaging in lucrative activities such as play-to-earn in the form of non-fictional tokens (NFTs) and in-game trade of digital assets for in-game currency. As a result, the transition to gaming on Web3 is an encouraging development for the evolution of the digital gaming sector.
The use of cryptocurrency in gaming is at the front of an ongoing economic and digital revolution. At Lunar Sky Games, we are a team of gaming product consultants with over 10 years of expertise in the industry. We work in partnership with web3 companies to help them build and grow their products. We help turn your vision into a reality. Contact us now for a consultation.