Since the dawn of civilisation, people have sought ways to relax and have fun. Before technology, humans enjoyed sports, board games, puzzles, and riddles.
Integrated circuits and personal computers made digital games more cheap for normal households in the 20th century, and companies immediately built gaming consoles and specialized software.
Blockchain technology was developed in the twenty-first century, and it assisted Web 3.0 in modernizing the gaming industry.
Web3: What is it?
- Early internet dial-up connections and basic networking took time to grow into a consumer good.
- The internet has entered a golden age in Web 2.0, where people can connect online.
- In the ten years between version 1.0 and 2.0 of the internet, society underwent enormous change.
- Nowadays, the basic structure of the world has undergone a permanent transformation as a result of the widespread use of smartphones and personal computers with an internet connection.
- A significant number of recent economic, social, and financial changes have also been facilitated by Web 2.0.
- In order to facilitate the creation of decentralized software and apps, experts are working to upgrade the internet to version 3.0 with the introduction of blockchains.
- Web 3.0 is introducing completely automated apps known as decentralized autonomous organizations, or DAOs.
- The majority of today’s apps and software are owned and operated by private firms, and customers have no control over the information or resources on these platforms.
- However, systems like DAO can offer more liberty to users who wish to use IPv4, or Internet Protocol version 4, which is useful for data encryption and privacy.
Defining web-based gaming
The biggest tech companies in the world are already placing large financial wagers on Web3 gaming systems, which are already gaining traction online.
The emergence of the web-3 gaming industry has been facilitated by the invention of NFTs, or non-fungible tokens, which offer unique ownership for the user on the digital plane.
Concerns are raised that Web3 is not a fully or truly community-owned or decentralized platform due to the fact that it is still privately owned and operated.
Web3 gaming has, however, started to draw some interest from bitcoin investors and blockchain enthusiasts.
The media attention around Axie Infinity and Sandbox, two Web3 game platforms, has been extremely beneficial.
Suffescom Solutions Inc., a leading Web3 Game Development Company, strives to offer cutting-edge gaming services that let you recreate real-life experiences in the virtual world.
The problems with traditional gaming
It is absurd to think that gaming applications for cellphones and personal computers won’t be seen as cutting edge by the younger generation in less than 10 years.
Gaming behemoths like Nintendo, Sony Interactive Entertainment, and Microsoft have been working to keep the public interested by developing specialized gaming gadgets like the Switch, X-Box, and PS.
Even with all these improvements and success stories, traditional gaming still has a number of problems.
Users can use fiat money for the majority of in-game purchases on traditional gaming platforms.
These in-game purchases may enhance the gaming experience, but they are largely useless outside of the game.
Players don’t get much use out of their in-game purchases because they can’t transfer them from one gaming platform to another.
The owners and issuers of the conventional game are the proprietors of the player’s assets and account, despite the fact that the player makes purchases within the traditional game.
It implies that the gaming firm may decide to make any alterations to the assets.
Players frequently don’t actually own the digital items they buy.
The software is hosted by traditional gaming companies on their own servers.
These gaming companies retain the right to market the player data that advertisements might employ to persuade viewers to make an online purchase.
The assets and player information kept on these centralized servers also come with security risks.
Advantages of online gaming
It is significant to highlight that gaming platforms now have access to a far larger range of alternatives as a result of the arrival of disruptive technologies like blockchain.
The key factors driving the widespread use of Web3 gaming platforms are as follows:
It’s a first for the gaming industry that players can now claim legal ownership of in-game purchases.
Thanks to Web3 and NFTs, gamers can now legally own upgrades, weapons, skins, passkeys, and other in-game assets as real entities.
Through Web3 gaming sites, players can resell their in-game purchases and content on other platforms.
Players can convert their in-game purchases into real money thanks to Web3’s dependence on blockchain technology.
A predetermined performance metric and path are not necessary for players to follow in order to advance on Web3 gaming platforms, which are substantially more dynamic.
Users may win real-world prizes and have more control over their gaming experience by earning cryptocurrency rewards based on how well they play in the game.
Web3 gaming platforms offer improved backup and security for the gaming platforms.
Traditional games may experience one or two backup servers failing owing to high traffic or other technical issues, such a hacking attempt.
However, Web3 games are able to change servers by utilizing the consensus voting function because they make use of blockchain technology.
Web3 games generally encounter less influence from centralized bodies.
Genres of web-3 games
In the near future, the gaming business is expecting to grow thanks to new features and interactions.
However, developers can provide their clients exciting features by providing the following genres:
Video Games (Role Playing Games)
In these games, players can take on the identities of their favorite avatars from cartoons, movies, anime, and video games.
For Web3 developers, the inclusion of some of the most well-known franchises and player alter egos into the gaming industry is still mostly in the future.
E-sports is one of the most well-known gaming brands. Web3 gaming enables e-sports arenas to form teams of players from all over the world.
The Web3 game e-sports platforms have the potential to grow into widely broadcast competitions that can attract a sizable amount of sponsorship from companies all over the world.
Gaming arcade (coin-operated gaming machines)
The popularity of arcade games drastically declined with the introduction of mobile phones and online gaming.
However, Web3 gaming effectively carries on the long tradition of arcade gaming machines by offering local tokens and tradeable digital goods.
Web3 gaming might not be able to continue in its current form for very long.
Make touch with a Web3 Development Firm that specializes in creating web3 mobile applications and other applications for companies and organizations.
With further work and improvements, Web3 gaming platforms could someday bounce back and expand into a multibillion dollar market.