Upcoming Updates of Web3 Gaming
About Web3 Gaming
Web3 gaming is a new type of gaming that allows players to earn and trade cryptocurrency and non-fungible tokens (NFTs) using blockchain technology. Unlike traditional games, where players do not typically own the assets they acquire in the game, in web3 games, players can hold and trade these assets on marketplaces for virtual or real-world currencies. The first web3 game, CryptoKitties, was launched in 2017 and allowed players to breed and trade customized cat NFTs. However, the emergence of Axie Infinity in 2021, with its scalability solutions and millions of users, really put web3 gaming on the map.
Since then, there have been nearly 2,000 games launched and developed by web3 development companies, with popular titles including Gods Unchained, Decentraland, The Sandbox, Alien Worlds, and DeFi Kingdoms (as of January 2023). While web3 mobile games remain the most popular platform, PC-based titles are also on the rise.
The Fast Emergence of Web3 Gaming
Web3 gaming holds great potential for both game developers and gamers. By utilizing blockchain technology, game developers can create more transparent, secure, and fair gaming experiences while potentially creating new economic models for their games. Additionally, web3 allows for a deeper connection between developers and gamers and the ability to receive valuable feedback for game improvement from the community. For gamers, the potential for true ownership of in-game assets and monetizing ability through trading and buying are available, unlocking a previously unavailable new level of monetization. This ownership also provides greater security and transparency, which can alleviate many of the concerns that plague the mainstream gaming industry, such as fraudulent purchases and stolen accounts. Also in online gambling Web3 gaming is bringing several benefits with blockchain technology transparency, which allows players to verify the fairness of games through provably fair mechanisms. Additionally, a more secure and decentralized platform is offered by reducing the risk of fraud and hacking. Web3 casinos like sweepstakescasino.com offer games like blackjack, roulette, poker, and slots, where players can bet with cryptocurrency or other digital tokens for lower fees. Overall, web3 casino gaming is a promising area for the industry, offering players a new and improved way to enjoy online gambling.
What 2023 will Have in Store?
The Web3 gaming industry is expected to experience significant growth this year, with the launch of major projects and increased funding, such as the Web3 Venture Capital Fund. Even simple RPG games hosted on popular gaming websites have started leveraging the possibilities offered by Web3 gaming features. This fund is designed to invest in innovative technologies to drive the future of Web3 gaming.
- A wide variety of new and innovative titles are hitting the market this year. Some of the top upcoming games include Wildcard Game, Calvaria, Meta Arena, The Void, etc. All of these games will be focused on multiplayer experiences, allowing players to interact with others worldwide. New game mechanics such as decentralized autonomous organizations (DAOs)will be introduced, giving players a say in the game development and running process. NFTs will be essential for many of these upcoming Web3 games, with players’ ability to own and trade in-game items. These games will offer experiences of action-packed shooters to massive open-world RPGs. These will also provide provably fair gaming and tokenized rewards, to make the games stand out from the crowd. All of these features will combine to make 2023 a year to remember for Web3 gaming.
- In 2023, the Web3 gaming industry will integrate VR and AR technology into their gameplay which will allow players to fully immerse themselves in the game world and interact with other players in a more realistic way.
- 2023 will be a promising year as major techno and traditional gaming studios move to Web3 and growth in VC funding in the gaming and metaverse verticals. Also improved and easy-to-use UX is expected. Additionally, there will be a rise in AI and metaverse applications and the adoption of high standards for Web3 games. The Blockchain Game Alliance predicts that gameplay improvements will be the most important factor in 2023, with Web3 developers working to make blockchain games more fun and immersive.
As more gamers and developers explore the possibilities of this exciting new frontier, web3 gaming is likely to continue to grow in popularity in the coming years. With new technologies and features being developed at a rapid pace, web3 gaming is poised to revolutionize the gaming industry and provide players with near-unstoppable security, anonymity, and decentralization.