Key Takeaways
- Web3 games reward players with real in-game assets that have real-world value as they are converted to cash.
- Web3 redefines gaming ownership through interoperability with game data stored on the blockchain.
- Play-to-earn in web3 games remains the secret sauce of gaming, as it enables users to turn gaming into a hustle.
Imagine grinding over 300 hours of unlocking legendary “God of War” or “Tomb Raider” only to realize assets gotten are not owned by you, completely worthless assets as you have brushed up against the limitation that web3 presents many players today with all hours of grind seem waste.
On the flip side, now imagine battling over 300 hours of neon-drenched cyber-dragon, snagging a glowing NFT axe created by Yuga Labs; that’s not a flex in a game but a real in-game asset that can be sold crypto tokens.
Welcome to web3 games, where digital ownership for gamers goes from mere illusion to reality on the blockchain.
From Axie Infinity, Star Atlas starships, and Gods Unchained, the web3 gaming industry is rewriting gamers’ ownership through lucrative assets that can be converted into tokens, which gained significant attention for many players during the 2021 bull market on crypto Twitter.
Let’s dive into the metaverse world of gamers and explore how web3 games are revolutionizing digital ownership with the freedom of degen swag.
What Are Web3 Games?
Web3 games run on blockchain technology, such as Ethereum, Solana, or Polygon, allowing players to own in-game assets, including non-fungible tokens (NFTs) or gaming tokens, which enable them to purchase in-game assets.
While traditional games struggle with in-game assets with real value, web3 games hand gamers the keys to endless freedom without fear of servers crashing and losing all data. On the blockchain, this is a different experience for players, as data is stored on the blockchain and allows users to access all game data.
Unlike traditional web2 games, web3 games are game-changers, allowing users to swap tokens earned in “The Sandbox” or “Axie Infinity” into real cash, bringing web3 gaming to its users and showing other gaming industries what it means to have ownership while enjoying themselves while playing games.
Crypto Kitties, Gods Unchained, and Axie Infinity have fetched many players thousands of dollars; good luck with FIFA2025 fetching you that when you play.
Web3 games not only allow you to play but also build wealth while turning gaming into real hustle.
Some key features that have limited the adoption of Web2 behind Web3 are interoperability and its play-to-earn (P2E) feature, which has made Web3 a standout field for many players seeking real ownership.
Interoperability
The interoperability of web3 games makes their game features fascinating, allowing gamers who earn swords in Game A to use the same swords in Game B with the help of cross-game assets mode, opening the door for web3 games to endless possibilities.
Although this feature remains in its early stages, companies like Ready Player Me and Loot are building frameworks to encourage such interoperability.
While interoperability sounds interesting, let’s discuss the secret sauce of web3 games, which is P2E.
Play-to-Earn
P2E remains a bragging right for many web3 games, allowing players to earn a living through gaming, with the industry expected to continue growing.
Although the web3 P2E ecosystem has its downsides, the fact that players can earn rewards in the form of NFTs or native tokens, which can be swapped for cash, is a rewarding aspect.
Despite attracting considerable attention and buzz, the web3 games also have their downsides as a developing industry, and they will continue to undergo refinement as the industry evolves to reach the level at which players and game developers want it to attain.
Conclusion
Web3 gaming is poised to be the future of the gaming industry, with mass adoption expected to enter the space.
There is a strong belief that the next generation of gamers will live online, as web3 gaming will pave the way for in-game characters to earn thousands of dollars as digital identities, with their gaming achievements stored on-chain as a form of digital gaming.
It’s time to stop being a renter and become an owner!!!
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