What Are Web3 Games? | How it transforms gaming industry?

 Web3 In Gaming

The first generation of games is mostly based on one-directional interactions. Then emerged the second-generation games that are more participatory and highly interactive.

Modern technology in gaming has brought a drastic shift in the game industry. This lets users not only play their games, but they can play digitally with highly immersive & interactive experiences at the same time while they play a game. This is due to the rise of the application of web3 technology in gaming. 

Thus, the application of blockchain in web3 games caused the entry of concepts like play-to-earn games & in which the in-game assets are mostly based on NFTs.

These NFTs are means for ownership proof & seamless trading of digital assets. These play-to-earn games not only allow players to play & relax but also help them earn when they play games.

All the innovations paved the way for web3 in gaming & made it a highly invested sector with billions of funds.

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Challenges in Conventional Gaming 

Even though there are millions of users of traditional gaming worldwide, there are some limitations to it. The need for web3 in gaming implies the setback aspects in the already existing gaming industry.

Some of the challenges in these conventional gaming platforms include,

 

Trading Assets 

The trading game assets in traditional games can be purchased with fiat money and are useful only inside the game. These assets have no value outside the gaming marketplace and lead to zero profit with huge investments.

Owner-ship of In-Game Assets

In traditional games, when you purchase any assets, the ownership right will never transfer. Only you will get the licensee for interacting with those assets since the first owner has the copyrights to those. But with this web3, gamers can experience true ownership of their in-game assets.

Centralization

In already existing second-generation gaming, the complete control is with the game administrators. This may lead to risks to data privacy & security of the data at the same time.

To overcome all these challenges in traditional gaming, web3 gaming has aroused in the market striking all the minds of investors & gamers. 

Factors Behind Web3 Gaming 

There are some hidden technologies and factors that support the evolution of web3 gaming. Those include the following,

NFTs/ Tokens

NFTs are widely used as rewards for gamers to encourage their participation in games. The value of these tokens increases based on usage. Web3 games assist the use of these NFTs & tokens that help the gaming industry to become more strong. These can also be sold on the market to make a profit.

AR & VR

Both Augmented Reality (AR) & Virtual Reality (VR) open a new way for playing games. VR technology allows gamers to connect, socialize & create relations via games. AR allows players to play in a multi-dimensional space 

Blockchain

The application of blockchain technology offers gamers a way to explore the gaming world to the fullest. When a gaming platform is combined with blockchain technology it enables players a complete decentralization & immutability.

Artificial Intelligence

The existing games are more static & require elements, energy, and interactions for an interactive gaming experience. AI helps in achieving these all aspects that make gaming more engaging without any extra effort. AI understands the information as humans do and makes the gaming experience more interactive & fast.

What Are Web3 Games?

Web3 Games are digital games that utilize web3 technologies such as blockchain, AR , VR, AI & NFTs to make the gaming experience more interactive & fully decentralized. 

The Highlights of Web3 games include,

The powerful support of Blockchain

Use of NFTs as in-game assets

Formation of massive communities known as DAOs.

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