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- Zilliqa announces web 3 gaming console
- It will include an in-built crypto wallet and mining capability
- The inaugural game will be a First Person Shooter
Zilliqa, the ‘world’s first sharding-based blockchain network,’ will launch a gaming console that supports web 3 capabilities early next year.
A prototype was unveiled recently. All specifications have not been revealed yet. The prototype includes the standard HDMI port, USB-3, USB-C ports, and Ethernet. The console will have in-built web 3.0 capability, which means users will be able to access crypto wallets and mine crypto.
The research phase in the development of the console was 6 months long. Zilliqa wants to integrate web 3.0 aspects, like crypto wallets, and mining capability, into a gaming ecosystem. Zilliqa tokens (ZIL) can be earned via in-game tasks or missions. Of course, in-built mining capability means that players will be able to mine ZILs.
Zilliqa has partnered with XBorg, a Web 3 esports company. The X.borg community will have beta access to Zilliqa’s gaming hub during the testing phase. Two games will be launched with the console, one of which is a First Person Shooter or FPS – ‘WEB3WAR’
On September 12th, on its blog, Zilliqa published a report titled ‘Web3 Gaming in 2022 and Beyond’. If the report is to go by, Zilliqa would try to address the disadvantages of web 2.0 gaming and not just provide a new gaming console. The report explained how traditional web 2 games were restrictive and did not deter gamers from trading in-game items in the black market.
The revenue potential of commingling web 3 and gaming is high; however, it depends on the strength of the in-game token or currency. Making web 3 accessible through a gaming console may increase crypto adoption while onboarding more players.
Traditional gaming ecosystems are like ‘walled gardens’ where ‘player-to-player trade is not possible, which allows them to capture 100% of the revenue. It is different when players can trade with other players.
Web 3 gaming can enable players to – truly – own and sell items. Essentially, all player items will be Non Fungible Tokens (NFTs). NFTs may sound ridiculous in art. However, the potential of NFTs in gaming is a different story.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
