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- 1 The involvement of Web3 in the gaming zone made gaming more fun and a source of income for many gamers.
- 2 Play-to-earn games are designed and developed over the concept of Web3, taking the gaming experience to the next level.
From home video gaming to games in the virtual space, the gaming industry grew up instantly. The passion and craze for online gaming reached the next level, making it more engaging, earning, and interesting. With technological advancement, the gaming sector also made outstanding progress mainly in terms of rewards and experience. As a result, P2E games, Web3 are growing more rapidly at present, securing a strong position in the hearts of gaming enthusiasts.
Let’s take a deep dive into the pool of games.
All About P2E Web3 Games
Play-to-earn games are games where the players receive rewards with real-world value for playing and winning the game. The game was mainly designed and developed over the concept of Web3 in order to make the game more interactive, effective, and entertaining.
Web3 is a next-level evolution of the web, offering users with accessibility to applications, documents, and multimedia over the internet. In the field of gaming, Web3 is the process of a decentralized gaming platform offering ownership of gaming assets and decision-making. The feature allows gamers to earn rewards in the form of game assets which can be traded for real value. It can be said that the platform allows users to exercise their hobbies like trading, planning, and decision-making. Alien Worlds, Splinter Lands, Benji Bananas, Farmers World, and Upland are some most common and widely played Web3 games.
P2E: A Privilege or Drawback to Gamers
Rewards and tokens, no doubt attract gamers towards the advanced and entertaining games. But, the question of safety still persists leaving users to wonder about the pros and cons of Web Play-to-earn games.
Web3 gaming simply influenced the economic models of games, offering more monetization chances and developing an entire industry known as GameFi. Technology is booming in the in-game economics where gamers are rewarded for gaming capabilities and skills. Availability and transparency are one of the most significant features of Web gaming. The decentralized feature maintains a high level of transparency, adding players to have access to all the information to make seamless transactions. Also, a high level of security is another privilege of Web3 gaming. The technology adds a high level of security to player’s digital assets. Convenience, variety of games, and cost-effectiveness are some major features of Web3 play-to-earn games.
However, the platform also holds some drawbacks that may affect the gaming experience of players. Misplaced focus on tokenization, limited game selection, and limited player base are some of the major drawbacks of Web gaming. The game zone hasn’t gained mainstream acceptance resulting in a lack of user adoption. Complex user experience for non-technical gamers and scalability issues with the blockchain network also impact the experience of gamers.
Conclusion
Play-to-earn Web3 games permit players to earn rewards, tokens, and perks in the form of in-game assets that can be traded for real value. The concept has become more popular in recent years, grabbing the attention of gaming enthusiasts. Rewards, transparency, security, and availability are some major benefits of P2E Web3 gaming.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
