Introduction
Since the dawn of civilization, people have looked for methods to unwind and amuse themselves. Before technology, individuals used leisure time to engage in sports, board games, puzzles, riddles, and other hobbies.
Digital games became more accessible to everyday homes with the development of integrated circuits and personal computers in the 20th century, and businesses soon produced gaming consoles and specialized software to seize the growing market. The 21st century witnessed the development of blockchain technology, which also helped Web 3.0 modernise the gaming sector.
What is Web3?
It took some time for the early internet—which consisted of dial-up connections and simple networking links—to be developed into a usable consumer good. The World Wide Web, or the internet, has succeeded in entering a golden age known as Web 2.0 in the next phase, where users can connect with one another online. The internet was able to significantly alter society over the ten years between the internet’s version 1.0 and 2.0.
Due to the prevalence of smartphones and personal computers with an internet connection today, the fundamental makeup of the globe has undergone a permanent transformation. Furthermore, Web 2.0 has contributed to a significant number of recent economic, social, and financial changes. With the introduction of blockchains, engineers are attempting to upgrade the internet to version 3.0, which would enable the development of decentralized software and apps.
Decentralized autonomous organizations, or DAOs, are fully automated applications that are being introduced via Web 3.0. It is important to note that the majority of today’s software and apps are controlled and owned by private firms, and users have no access to or ownership of the data or assets stored on these programs. However, for users who intend to use IPv4, or Internet Protocol version 4, which is useful for data encryption and privacy, systems like DAO can provide greater autonomy.
Describing Web3 Gaming
The greatest tech corporations in the world have already begun to make significant financial bets on Web3 gaming platforms, which are already starting to spread over the internet. The development of NFTs, or non-fungible tokens, which provide unique ownership for the user on the digital plane, has paved the way for the emergence of the web-3 gaming sector.
The fact that Web3 is still privately owned and run raises concerns that it is not a completely or truly community-owned or decentralized platform. However, blockchain aficionados and cryptocurrency investors have begun to show some interest in Web3 gaming. Axie Infinity and Sandbox are two Web3 game platforms that have benefited greatly from the media buzz around them.
The top Web3 Game Development Company– Suffescom Solutions Inc. works to provide innovative gaming services that allow you to simulate real-world experiences in the virtual realm.
The drawbacks of conventional gaming
It is preposterous to believe that in less than ten years, gaming apps for smartphones and personal computers would no longer be considered cutting edge by the younger generation. By releasing specialized gaming devices like the Switch, X-Box, and PS, gaming giants like Nintendo, Sony Interactive Entertainment, and Microsoft have been attempting to keep the public interested. Nevertheless, despite all these advancements and success stories, conventional gaming has significant drawbacks.
- In-Game Exchanges
For the majority of in-game purchases on conventional gaming platforms, users may use fiat money. While these in-game purchases may help gamers have a better in-game experience, they are largely worthless in the real world. Players cannot use the same in-game purchases made on one gaming platform on another, therefore they do not receive much value from their purchases.
- Legal Possession
Despite making purchases within traditional games, the owners and issuers of the traditional game are the owners of the gamer’s assets and account. It indicates that any changes to the assets may be made at the gaming company’s discretion. Most of the time, players don’t actually own their digital purchases.
- Information Control
On privately held servers, traditional gaming firms host their software. These gaming businesses maintain the right to sell the player information that ads may use to entice people to buy goods or services online. Additionally, there are security risks associated with the assets and player data stored on these centralized servers.
Benefits of Web-based Gaming
It is important to note that with the introduction of disruptive technologies like blockchain, gaming platforms now have a far wider range of options. The fundamental benefits of Web3 gaming platforms are the main reason why so many gamers are using them:
- Digital ownership
The ability for gamers to claim legal ownership of in-game purchases is a first in the gaming industry. A gamer can now legitimately own upgrades, weapons, skins, passkeys, and other in-game assets as real entities thanks to Web3 and NFTs.
- Genuine Value
Players can resell their in-game purchases and content on other platforms via Web3 gaming platforms. Due to Web3’s reliance on blockchain technology, players are able to exchange in-game purchases for real-world currency.
- Player encounter
The Web3 game platforms are significantly more dynamic, not requiring players to follow a predetermined performance parameter and path in order to advance. By earning cryptocurrencies based on their performance in the game, users may receive real-world prizes and exert more control over their gaming experience. The bitcoin trading markets place importance on these monetary benefits.
- Server Protection
Web3 gaming platforms provide the gaming platforms with enhanced protection and backup. In the case of traditional games, one or two backup servers may fail due to heavy traffic or other technical problems, such as a hack attempt.
Web3 games can, however, switch to a variety of servers by employing the consensus voting feature because they leverage blockchain technology. Web3 games also experience less interference from centralized entities overall.
Web 3 game genres
New gaming features and interactions are anticipated to expand the industry in the coming days. On the grounds that Web3 gaming is not a genuinely decentralized technology and still needs many innovations and upgrades to reach its claimed level, there are various theories about a potential failure of Web3 gaming. However, by delivering the following genres to their clients, developers can give their clients intriguing features:
- Video Games (Role Playing Games)
Players can adopt the personas of their favorite cartoon, film, anime, and video game avatars in these games. The introduction of some of the most well-known franchises and player alter egos into the game world is still mostly in the future for Web3 developers.
- E-sports
One of the most well-known gaming brands is e-sports. E-sports arenas are able to assemble teams of players from all over the world thanks to Web3 gaming. The Web3 game e-sports platforms have the potential to develop into publicly aired events that can draw a significant amount of sponsorship from businesses all around the world.
- A game arcade (coin-operated gaming machines)
With the advent of mobile phones and online gaming, the popularity of arcade games abruptly came to an end. However, by providing local tokens and tradeable digital goods, Web3 gaming effectively continues the long legacy of arcade gaming machines.
Wrapping Up
Less than five years have passed since the inception of Web3 gaming platforms. It’s possible that Web3 gaming won’t be able to persist in its current form for very long. Make contact with a Web3 Development Firm that specializes in producing web3 mobile applications and other applications for business owners and organizations. However, Web3 gaming platforms can eventually recover and grow into a multi-billion dollar industry in the future with consistent efforts and enhancements.
