In the past, gaming was not thought to be a person’s main source of revenue. Even today, playing video games is seen as time-consuming and rarely profitable. With the arrival of Web3 to the market, this has undoubtedly advanced, having a significant impact on the psyche of the present generation and raising game engagement.
What is Web3 gaming?
A strategy known as web3 aims to successfully transfer control authority to the users by decentralizing the gaming ecosystem. Games that support the play-to-earn models have been added as part of the Web3 upgrade, making it much more alluring to the audience. It increases users' engagement in the process. Web3 made room for online marketplaces where players could exchange their in-game goods for cash.
Features of web3 technology
Ownership was added by Web3, which immediately enhanced user engagement with gaming platforms. Players now own all of the in-game items, and they can sell them on the Gaming NFT marketplace for profit.
Although it hasn’t yet hit the market, Web3’s interoperability feature has caused a significant shift. The ability to move your in-game assets to other gaming platforms is an important function.
Future experience will be improved by the concurrent operation of the actual and virtual worlds. The focus of modern gaming is on improved graphics and experiences. That is the product that developers hope to create for gamers.
Currently, the game industry is divided into a number of genres. All in-game NFTs, whether they be for football, cricket, or another sport, have gained popularity among players. The cricket NFT platform is one game where improvements have been made significantly. Cricket fans are responding favourably in the NFT market.