There’s no denying it—Web 3.0 is here, and it will only take time before it completely assimilates itself into every nook and cranny of the internet as we know it. Everyone could feel it, as every infrastructure pushes to enhance the social network of products and services that in the past didn’t have such features while at the same time taking ownership and incentivization into consideration, giving all the power back to the average user.
One of these fields ripe for expansion into the Web 3.0 landscape is (drumroll please!) Gaming since it practically has it all: Social Networks, entertainment in varying heights, and most of all, capabilities for profit. The process is going on as we speak, and by the day, Web 3.0 gaming draws one step closer to its goal of creating a world where Gaming is made better.
It’s easy to mistake Web 3.0 Gaming as just gaming for money. In reality, there’s so much at play within the backsides of the industry that cash flow and profit on their own are overcast in favor of more sought-for features and benefits.
So with that out of the way, Let’s explore what’s going on across the landscape of Web 3.0 Gaming.
First off, NFT games.
The first iteration of gaming-incentivized. NFT gaming took the world by storm last 2021 courtesy of hit Play-To-Earn games that aren’t just entertaining but severely tailored towards profitability, ownership, and community.
While most of the games that made it out of the mainstream took this recipe for success methodically, a lot of them freestyled their way out of the hearts and wallets of the people, and with a relative saturation in the industry as every day two new NFT games were released, the hype simmered down, with the few strong survived, at least from the first rendition.
How’s Web 3.0 Gaming in 2023?
It seems as if Development and BUIDL-ing is the name of the game (pun intended) for Web 3.0 Gaming in 2023. This only makes sense since the entire cryptocurrency industry is still recovering from one of the worst setbacks it experienced in history, and releasing a game this early when the confidence of the public’s still not returned will be a death wish to everyone who dares to launch projects and games this year.
This doesn’t mean that all game devs should just quit with their dreams of releasing their games this year, especially if you’ve already promised dates to your avid fanbase. It’s still better to follow through with what you committed your word to, especially if you’re up for it anyway!
Enough about this year’s Gaming landscape though so let’s talk about what the Gaming Industry might look like in the future with Web 3.0 involved!
New Age of Web 3.0 Gaming
As the Web 3.0 Gaming world continues to create projects that provide profit in one way or another, it simultaneously absorbed various disciplines across the vast expanse of the internet to include into its wonderful rosters of user-based benefits. One of these is the concept of exposure, which crypto-influencers and personalities, hopeful and established, were seeking from the industry for so long.
This massive upgrade from the previous renditions allowed cryptocurrency influencers to shine brighter, from catering to certain echo chambers and limited spaces to larger halls for display where they are seen and admired by millions of people, crypto-enthusiast or not.
Staying true to its word, Web 3.0 Gaming continued to provide beneficial and necessary additions to its current vision board, creating a jam-packed world that inspires every single gamer out there to step up and become more than just enthusiasts or consumers but be part of the production process as well.
The best part about Web 3.0 technology in Gaming is that this is not where the story ends. With the infinite potential to become more than what it was yesterday, Web 3.0 Gaming will introduce even more amazing features thanks to its carefully-tailored nature that allows it to scale with whatever the contemporary gaming world needs.
Here are some exciting things you should look out for in the coming years as Web 3.0 Gaming becomes more prevalent in the Gaming World!
BUIDL BUIDL BUIDL! What’s in Store for the Future of Web 3.0 Gaming?
As said earlier, with the continuous evolution of Web 3.0 technology and Gaming, newer use cases, benefits, and facets for improvement will come around to make the whole industry worth its weight in gold. With consideration of how things are going thus far with Web 3.0 Gaming, these are some of the possible implications it could provide in the foreseeable future:
- New Age Ownership and Digital Asset Management:
Ever bummed out because you grind hours fighting that super-difficult boss only to be given an item that You don’t need anymore, or much worse, an in-game item that’s not suited to your character and its playstyle? Well, thanks to New and Improved Digital Asset Management and Ownership that will soon be part of the Web 3.0 Gaming World, you can easily monetize, manage, trade, and buy items that you need/want, removing that hassle you feel, and full-fledged incentivizing your hard work in the process!
- Interoperability and Consistency:
Thanks to blockchain technology tying everything crypto and NFT together, every gamer’s given accessibility, from login to management of items! With the blockchain handling everything from login information to item data, even progress reports, across different games, mind you, the hassles of jumping from one platform to another to play your favorite titles will become a thing of the past!
- Trust and Transparency:
Decentralized and Democratized, that’s what Web 3.0 is all about. Lending its latent capabilities to the world of Gaming in the future will open doors for heightened security, better transparency, and most of all, a better and more trust-worthy system that’s foolproof, hack-proof, cheater-free(hopefully), and a safer space for all gamers!
- Community-Centric and Democratized:
Web 3.0 gives the power back to where it truly belongs: The Public. This democratization is one thing that will immensely help the community of gamers across the world, as it allows them to have enough control throughout projects/games that they support and better fit it to whatever they see is necessary to make every game out there enjoyable, worthy of spending hours and dollars to, and a more solid community of dedicated gamers and supporters!
- Exposure and Influence:
With the integration of Social Networking into the equation, Web 3.0 Gaming will open doors for future influencers and artists to gain equal public traction and opportunity to shine, regardless of borders and barriers! While this is a double-edged sword given the fact that even low-quality content creators will be given an avenue to garner an audience and a cult following, this still is a monumental step towards gamer success as it gives everyone the chance to be seen and be admired for their skills, talent, and more!
We’re seeing this in today’s state of Web 3.0 Gaming, with various streamers and content creators paving their way to becoming well-known and globally renowned.
Thanks to Web 3.0 Gaming, exposure will become streamlined and systematized for all gamers!
- Funding and Support:
It’s an understatement to say that penetrating the Gaming industry is hard as you’ll always be up against massive Game Dev companies with billions of dollars in their bankroll to burn. Not to mention that even the Indie Game industry is becoming more and more saturated with games that aren’t realized to their full potential, no thanks to lack of proper funding and manpower.
With Web 3.0 in the equation, this will not become a problem anymore! Thanks to funding models that came from its crypto roots, such as Initial Coin Offerings, Token Sales, Pre-Sales/Pre-Orders, and other forms of crowdfunding options available at each game dev’s fingertips, Game Devs are now empowered to raise funds directly from its community of die-hard supporters, and the best thing about this is the fact that since this is Web 3.0, not only will each gamer who claimed their stake in the development process get the game they were promised, in its full potential by the way, they’d also get more stuff that’s not only nifty but most importantly profitable too! Tokens, in-game marketable items, and more could be given in exchange for the trust and support that each gamer will offer!
All of this, and more, Thanks to Web 3.0 Gaming!
Wrap Up
Every feature mentioned earlier is more than enough to make gamers who look for more value giddy with excitement and anticipation, that’s for sure.
And it would seem as if Web 3.0 Gaming’s just not over with giving gifts to every gamer out there! Taking scalability in mind, Web 3.0 Gaming’s impact on the entire gaming industry will continue to evolve across its lifetime, and with gamers asking more from their games, this is just the perfect answer.
While Web 3.0 is still in the groundwork and looming ever closer each day that passes by, this gives every gamer enough time to prepare for the best thing that will happen to them since the invention of video games!