Three billion gamers worldwide pay an annual total of $200 billion on hardware and microtransactions like NFT.
The gaming industry is still growing and has a lot of room to grow in the future. But the money from games goes to the people who made them. And gamers don’t get much of it back.
Web 3.0 solves this problem for gamers and gives them a place to do their work.
This article talks about how Web 3.0 changes the gaming industry and why gamers might want to switch to it.
What new things does Web 3.0 bring to the world?
What’s different about Web 3.0 from Web 2.0?
For some services on Web 2.0, users have to download an app, but Web 3.0 will let users use any service right from the browser. Also, the new and improved web gives users interactions similar to the metaverse. This makes the Internet a three-dimensional experience, unlike Web 1.0 and Web 2.0, which were only two-dimensional.
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On every device, Web 3.0 may be accessed using the same user interface. For instance, going to a website from a cell phone and a computer would look the same. Drive, Skype, Facebook, and Twitter are a few examples of Web 2.0 apps. In Web 3.0, dApps like Akasha, Status, and Brave are decentralized applications.
Features of Web 3.0 :Metaverse or 3-D Graphics
In Web 3.0, websites and services use 3-D (three-dimensional) design. This makes the game feel more real and blurs the line between the real and virtual worlds.
Web 3.0 is open to everyone.
Users don’t have to agree to any terms and conditions to get to the content on Web 3.0. Since no authorization is required, anybody may utilise any resource on the Internet.
Connectivity or Ubiquity
Web 3.0 makes it easier to link information. As a result, the user’s connection is improved. It is built on IoT sensors, which enable anybody to access to the Internet from anywhere at any time without a device. Ubiquity, or the capacity to be present everywhere, is this.Ubiquity, a part of Web 3.0, will let gamers connect without PCs.
Personal Data Control and Decentralization
Decentralization refers to the ownership of the game by both players and developers. Users can keep their data safe and have the right to share it according to Web 3.0’s protocols. Companies and social networks won’t be able to use user data to determine what people like or think about politics.
A proposed model would also make it harder to censor content because there would be no limits on who could publish what.
Banks, payment processors, and the financial industries are not needed for Web 3.0 operations. Financial transactions may be made securely via the use of blockchain technology without depending on any one institution or trusted person.
The factors responsible for the change in the gaming industry
The gaming industry could move to Web 3.0, and some technologies will help make this happen. These things are:
Most likely, the gaming industry will bring the number of blockchain users from 100 million to 2 billion. Blockchains are systems that don’t have a central control point and can’t be changed. Gamers, in particular, will be able to make multiple games to create an ecosystem for gaming without the main body.
A blockchain is where the information that makes up non-fungible tokens is kept. This virtual currency may be transferred from one wallet to another.
With NFTs, players could get something back because in-game assets would be turned into NFTs. The top players will make an effort to acquire the rarest NFTs and resell them to other players. Assets can be used outside of the game, no matter what happens to the game or if it stops working.
When artificial intelligence (AI) and natural language processing are used together, computers can recognize information in a way that is similar to how humans do it. This makes the results faster and more useful. AI in video games means that non-playable characters act as if a human player is controlling them. This gives the game a responsive feel. AI makes computers smarter and harder for people to do bad things.
The currency that encourages players to take part in the gaming environment will be tokens. Everyone in the community will benefit as the value of these tokens rises. Everyone will see this as a reason to play the game better. Through exchanges, players can trade their tokens for real money.
Why should gamers go to the Web 3.0 Space?
Web 3.0 gaming is popular not only because it is not centralized but also because it has many other benefits for gamers. If gamers move to the Web 3.0 space, they can make money, own assets in games, and do a lot more. It might not be a big change for gamers because they are used to doing similar things in both places. The following are some advantages of switching to Web 3.0:
Generating Revenue from Playing
Gamers will be able to utilise their virtual in-game currency in the real world thanks to Web 3.0. Play-and-earn games let users earn crypto and non-fungible tokens (NFTs), which they can then add to their blockchain wallets and use in the real world.
To make money from gaming. You will need to be consistent. Gamers already have this trait, regularly upgrading their hardware, installing mods, and playing. These behaviours will benefit you in the real world and in Web 3.0 gaming.
Getting Rewarded for In-game Gear
Players might assert real-world ownership of their in-game possessions. Such as gear, thanks to NFT blockchain technology.This means that the money gamers spend on gear won’t just go to corporate studios since the equipment will stay with the gamers and can be traded in the real world.
Freedom to Change
In Web 2.0, game developers didn’t want people to change their games; if a player broke the terms of service, they could be kicked out of the game. This is called “modding.” Since the new web space is open source and a chance for everyone, gamers who want to change the game to make it their own and better will have that freedom.
The World of Democratic Games
Because Web 3.0 is based on a decentralised model, small game studios can compete with big ones. Independent games won’t have to work hard to get their games into the market, which will bring new ideas to classic games in the future.
Diversity In Gaming
The model of Web 3.0 will make more people want to play games, including people from developing countries and people who don’t get enough services.Web 3.0 players have the opportunity to earn money that may drastically alter their life.This is good for people who like to play games and can see how they can make money.
Opportunity to be an Early Influencer
People who use a new technology early on get more out of it than those who wait. When players transition to Web 3.0, they will enhance their lives and have an influence on future gamers in the new area.
How Does Web 3.0 Change the Gaming system?
The open and unrestricted nature of the Internet is the aim of Web 3.0. The new web is changing how games work and how the industry works. The development of technologies like NFTs, blockchains, and artificial intelligence has led to these changes.
The gaming industry is now moving from “free-to-play” to “play-to-earn,” which lets gamers turn their hobby into a money-making venture.
At first, playing games was a waste of both time and money. Gamers spent time playing games that didn’t help them in the real world and money on in-game gear that couldn’t be used in the real world either.
This will change in the new era of games, and players will get paid for their hard work and real money. As a gamer moves through levels and levels. They will earn cryptocurrency. Which can be traded for other things.
In conventional game ecosystems. Two games are unable to communicate with one another or exchange data.Gamers can’t take things from one game and use them in another. With Web 3.0’s blockchain-based ecosystem. Users can easily trade their digital assets as non-fungible tokens (NFTs).
Ownership of Assets
Even if players pay for assets in Web 2.0 games. They do not own them. With blockchain technology, players will still hold their support even after they have been sold. This is because the new technology links assets to players instead of games. This keeps the player’s money safe.
There is no doubt that the gaming industry will continue to grow, and as it moves to a Web3 game development company, the way it works will change a lot.
It will start a new era for gamers, and everyone in the industry, especially gamers, will benefit from these changes.