- Web3 gaming offers many new features, including interoperability and scalability
- In Web3 gaming, players can own and trade digital assets
Technology has revolutionised every aspect of our lives, from how we entertain ourselves to how we work.It has not only made tasks easier but has also increased productivity with the help of different AI tools. In today’s world, technology offers solutions to almost any problem.
AI tools like Chat GPT have made our work so easy that we can write complicated code in seconds. Asit has influenced every field of human life, one may wonder how gaming can be prevented from its influence. Gaming has come a long way from 2D games to high-definition games like GTA 5 and Call of Duty, with the gaming market cap reaching USD 249.55 billion in 2022. People are now investing millions in gaming handsets.
In this era where gaming is being adopted by more and more people, Web3 gaming has revolutionised the field. In this article, we will first understand what Web3 gaming is and how it is transforming the gaming industry.
What is Web3 gaming?
Web3 gaming strictly follows the principles of the Web3 ecosystem. For example, the Web3 gaming is not made and controlled by a small group of individuals. Like all the other aspectsofWeb3, the process of gaming is also decentralised. This means that all the aspects related to gaming, from ownership to control, are not limited to the hands of a few individuals. It has been delegated away from central authority.
Another important aspect of Web3 gaming is its integration of blockchain with the gaming ecosystem. Web3 gaming also provides players the opportunity to earn substantial money in cryptocurrency through asset trading.
Web3 gaming offers a fair virtual gaming market where players can fully own in-game digital assets. In Web3 gaming, these assets are owned in the form of gaming NFTs and distinctive assets.
Web3 games not only provide the opportunity to earn in–game rewards but also support interoperability across various games. This factor is highly dependent on the type of blockchain used to develop the gaming system. For example, games built on Polkadot and Solana provide interoperability. Thismeans that players playing on one blockchain can connect with players and games running on others.
Key features of Web3 gaming
Owning and Interoperability
Currently, Web3 gaming apps provide a very cool feature, which is interoperability and ownership. In standard games, owners can buy assets in the game and use them within the same game. However, when they switch to other games, ownership is lost because they cannot transfer their assets to another platform. But Web3 overcomes this problem with the help of interoperability, Allowing players to switch between different games while retaining ownership of their assets.
Negligible Downtime
Since Web3 games are not owned by any entity like the Web2 games, they are designed to run autonomously with no minimum maintenance as they have no single point of failure, just like the blockchain. This results in NO downtime, and Web3 games run frictionlessly.
Digital Wallet
Every Web3 game player holds a digital wallet. The digital wallet they own records all their transactions and digital assets they own.
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