The world is changing! It entails conversing, spreading knowledge, earning money, and playing games. Technology and science are critical to this transformation. Web3's technological breakthrough is gaining traction and is reshaping the video game industry.
Almost every significant industry wishes to adopt Web3 technology. One gaming company is on the verge of embracing Web3 and the future. So, Web3 in video games is the starting point for our journey. According to a recent Coda Labs survey, 52% of players are familiar with Web3 games.
This blog will introduce you to all aspects of Web3 gaming and game development, as well as explain how they differ from well-known traditional games:
The Benefits of Online Gaming
1.) Web3 Games Increase User Installs
More installations will result in more Web3 gamers. More participants result in a larger community. The gaming ecosystem of today extends beyond the traditional boundaries of games. It is only possible with Web3 gaming.
The vintage game community is relatively small and only begins to grow and be compensated once the game is released. Active user engagement is difficult in most games, and game developers do not offer gaming services. The result is a shorter engagement time.
Web3 games, on the other hand, offer extra features that expand the community's potential. With these games, participants can start building a vibrant community. As a web 3 participant, you can do this in various ways, such as by providing UGC, governance tokens, and NFTs and adding a lot of value.
Once a Web3 game's community has expired, players may re-use it. Users can transfer all of their assets from web3 gaming and other games to a new game or marketplace. As a result, selecting this option can ensure the community's survival.
2.) Boost User Engagement:
Web3 gaming will be immersive for users. The more immersive the game, the richer and more varied the user experience. As a result, people play more frequently and for longer periods. Traditional gaming provides few opportunities for user interaction.
Users may converse or engage in gameplay while playing a Web3 game. Web3 players are always free to leave the game or their computers. The best part about web-based gaming is that it allows users to stay engaged even when they are not actively playing it. Active players in a market separate from the game perform this function.
3.) Increased user confidence:
Web-based gaming may pique people's interest and provide rich, varied experiences. It's a fantastic start for the gaming industry, and retention is the key to the success of Web3 games. Fortunately, it ensures a large number of devoted players. Improving customer retention is regarded as one of the primary benefits of Web3 gaming in this strategy. In this context, user-generated content, or UGC, is also important.
Web3 gaming allows people to actively participate in their imaginations by allowing them to play. It's simple for different players to make different contributions.
4.) Increase User Revenue:
Web3 game development teams have a lot of leeway to improve the games' functionality and quality and introduce new game genres so that each player can make more money. These games use cutting-edge strategies to attract and retain more players. Undoubtedly, it leads to an increase in current income streams. Web3, on the other hand, significantly expands the boundaries of traditional games and provides entirely new revenue opportunities.
5.) Increase User Commitment:
Immersion is critical in the video game industry. Because the user experience becomes richer and more varied as the game becomes more interesting. Users are encouraged to play more frequently and for longer periods.
When you pay attention, you'll notice that traditional gaming provides very few opportunities for customer involvement. Traditional games only allow users to participate in two ways: when the game is being played and when players actively participate. If the players exit the game or leave their system, they are no longer bound.
Web3 gaming, on the other hand, provides various tools to keep users engaged even when they are not actively playing the game. You may do so as long as one condition is met: each player in the game must participate in a marketplace outside the game.
Examples of notable Web3 games
The vast majority of web-3 games available online are concerned with providing the best prizes to players. Play-to-earn games, for example, demonstrate how players can use games to earn money. Axie Infinity is a well-known play-to-earn web3 game. Allowing players to gain more from their gaming skills benefits the entire ecosystem. The good news is that many well-known game companies are entering this sector, and by developing a web3 gaming application, you can create an axie infinite clone.
Web3 Gaming Technical Stack
Before creating a Web3 gaming platform, a game developer should consider the following technological stack:
1.) Decentralized applications and Web3 libraries:
These frameworks and dApps allow game developers and players to interact more easily with the blockchain platform. Libraries and decentralised apps are required for resources and in-game events. They can also assist you in communicating using Smart Contracts.
2.) Intelligence-based contracts:
Smart contracts enable Web3 game developers and users to standardise and control various game-related activities. You can change the game by incorporating smart contracts into the voting and decision-making processes. Remix IDE is widely regarded as the most widely used programme for creating, disseminating, and archiving Smart Contracts.
3.) Web3 and Node developers:
Developers can use web3 and Node on the blockchain network to collect vital Web3 game data. Because they interact with Smart Contracts and Web3 frameworks, nodes are critical components of the Web3 development stack.
Only one Web3 gaming platform provides a blockchain-based digital wallet. This means that Web3 games use unique wallets that any game developer can use to identify players. The greatest advantage of digital wallets is that they are ideal for storing in-game items and gaming loot.
5. Extraordinary Reality (XR)
This hardware is in charge of connecting the entire gaming setup to the Metaverse. To help create immersive gaming experiences, haptic gloves, scanning sensors, smart glasses, and other elements are included.
Web3 games are a common progression from traditional games. The combination of blockchain and metaverse technology with web3 gaming is drastically changing the gaming industry. It eliminates centralised platform owners and game administrators to democratise the gaming environment.
Web3 games are now driving the financial side of the gaming industry, thanks to cutting-edge technologies such as Blockchain, DAO, and the Metaverse. Web3 games also enable profitable in-game trade of digital assets for their users. It implies that Web3 games are a positive development for the digital gaming sector's hazy future.