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Web 3.0 or blockchain gaming is heralding a new age in digital entertainment, expanding the scope of what games can offer.
In the first quarter of 2023, blockchain gaming projects attained $739 million in investments, with the overall industry expected to surpass $30 billion by 2030.
This sector of gaming has matured remarkably over a relatively short span.
The early offerings were more about financial transactions than immersive gameplay, but the tide is shifting as newer Web 3.0 games like Axie Infinity deliver a holistic gaming experience while still harnessing blockchain technology.
Despite some maturation, Web 3.0 games still face significant hurdles.
Today, players demand more agency, interaction and return on their investment of time and effort and this is just one of many challenges the sector has to overcome.
Challenges, opportunities and distinctive features of Web 3.0 games
The most glaring difference between Web 3.0 games and traditional video games is gameplay quality and overall user experience.
Today’s video games are crafted by professional studios that have honed the art of creating immersive universes with compelling storylines and robust mechanics.
This is a very high bar for their blockchain counterparts.
Delivering an experience that rivals these behemoths while also offering a blockchain-driven element is a formidable task.
Another pressing challenge is the complex onboarding process often associated with Web 3.0 games.
Blockchain technology, while increasingly popular, still represents a degree of unfamiliarity among the general public.
Add to this that players often have to pay high entry fees, and it’s not difficult to imagine why Web 3.0 gaming can struggle to find wider appeal.
However, these very challenges hold the key to unlocking the potential of Web 3.0 gaming.
Unlike traditional games where players often have limited rights over in-game purchases Web 3.0 games introduce the concept of true ownership.
Once purchased, in-game items belong wholly to the players, who are then free to trade or sell them as they see fit.
They remain in the players’ wallets, beyond the reach of any external control or potential server shutdowns.
This unprecedented level of control and economic involvement fosters a more engaged and invested gaming community.
Web 3.0 games offer an exciting canvas for new development strategies, allowing game designers to convert…
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