Expedite Studio had an exhilarating and jam-packed week in Singapore as we immersed ourselves in the world of web3 and gaming at Token2049. This epic event brought together top voices in the Web3 space.
With Ethereum Singapore and Token2049 in the mix, our journey was nothing short of a whirlwind adventure. It was an unforgettable week filled with IRL activities and meet-ups.
For those who couldn’t join us at #ExperienceExpedite last week, here’s a rundown of all the exciting happenings.
Highlights and Takeaways:
TimeStamp Summit in Singapore was all captivating talks about Zero Knowledge Proofs (ZKPs). They announced gasless transactions, sending ZKP Roll-ups to send without the nagging gas fees. These innovations are shaping the future of Web3, and we can’t wait to continue our web3 adventures at Expedite Studio.
One of the prominent side events at Token2049 was The Web3 Gaming Summit 2023 showcasing the global excitement surrounding Web3 gaming. Topics included cross-chain games, Generation Z’s affinity for NFTs, integrating AI into Web3 games, and the challenges of transitioning from Web2 to Web3.
Various industry leaders and experts shared their perspectives on the future of Web3 gaming, including representatives from The Sandbox, AI Meta Club, Brilliantcrypto, KryptoGO, and more.
Another amazing experience at the Party By The Bay, where Henry Ferr, CMO of @MetaCeneGame, unveiled the cloud version of the MetaCene game in person!
Ethereum Singapore highlighted the concentrated liquidity, MEVs, dex & yield aggregators. Eth Singapore was all about discovering sustainable yields of RWA (Real World Assets) in the DeFi. with that, we’re thrilled to conjure up the next big thing in Web3 consumer apps at Expedite Studio!
Prominent venture capitalists including JT Law, Kelvin Koh, Jason, James, and Wesley delved into the Web3 gaming investment scene, expressing both optimism for the influx of talent and caution about the importance of grasping the distinct crypto community dynamics compared to traditional gaming.
The star of the show “Token2049” was an immersive plunge into the dynamic world of Web3 and Blockchain technology. Check out the notable mass adoption with the stats:
Amidst the vibrant ambience of Marina Bay Sands, we joined forces with Liteflow and other industry leaders like The Sandbox, Animoca Brands, Blockchain Game Alliance, Grease Monkey Games, and more, to explore the cutting-edge developments in the crypto space.
As discussions gravitated towards achieving mainstream adoption in Web3 gaming and fortifying the Web3 infrastructure, it became evident that our industry is on the cusp of monumental growth.
Our Token2049 experience left us invigorated, and ready to embark on further Web3 adventures, and we can’t wait to share this journey with the world!
Met these incredible minds from the saltwatergames. Some brilliant insights from Chriss Abbott, Len Findlay’s strategic prowess, to the innovation powerhouse of Bill Lee, CEO @DualMintNFT Paula Pettit of @LinumLabs. 🏆 The visionary leadership of Adrian from @ApexRepublica and the amazing work of @3vLabs – We’re super glad to connect with such forward-thinking individuals and companies in the Web3 space. Here’s to the exciting journey ahead! 🌐🚀
Huobi’s transformation into HTX and Telegram’s long-awaited crypto wallet debut. Vertu also had us on the edge of our seats with the MetaVertu 2, while Islamic Coin’s founder inked a remarkable partnership with CoinDesk Indices.
Meanwhile, Darewise Entertainment set sail with a Bitcoin-based metaverse token, and Circle brought Web3 into Grab SuperApp’s world. OKX raced into the spotlight with a Web3-themed “stealth mode” livery alongside McLaren, and Zeebu unveiled a game-changing on-chain invoice settlement platform.
400+ sponsors, 300+ speakers and 10,000+ attendees in just one Web3 event is exceptional growth in the Web3 industry. From the tokens to liquidity, entertainment to games all in web3 are promising inclinations towards innovation in the coming year. A promising future for Web3 game production emerged during TOKEN 2049, with industry leaders foreseeing a surge in high-quality titles. The Web3 ecosystem’s appeal to top-tier game developers promises a wave of innovative and engaging experiences on the horizon.
A crucial aspect highlighted at TOKEN2049 was the evolution of user experience (UX) in Web3 gaming. Experts acknowledged the need to refine and optimize the UX to make blockchain gaming more accessible and enjoyable for a broader audience, addressing usability challenges while preserving the core principles of decentralization and ownership.
Our partner companies @SpockAnalytics – dApp Analytics & Growth Product, and Unipilot – Automated Liquidity Manager got product validation from Web3 investors and users. This proves that the market is in dire need of such products that are solving real problems.
Looking at everything happening, it’s pretty obvious that Web3 is really taking off in Singapore and giving competition to the UAE. Singapore is really making a mark in the Web3 revolution. They’re hosting loads of crypto events, have a bustling crypto job scene, a bunch of crypto companies setting up shop, significant investments in crypto R&D compared to their GDP, and a solid crypto ownership culture.
GOT AN IDEA?
That’s Exactly What Our Web3 Game Development and Design Company is Prepared to Deliver. Let’s Start Crafting Your Vision Today! Schedule E-Coffee ☕️
Web3 Gaming: A Paradigm Shift in Ownership and Education
In traditional games, the players typically engage in competing with each other,
However, in the realm of Web3 gaming, the focus shifts from competing against others to challenging oneself or the game environment where players themselves become the core content. This transition represents a significant transformation in the landscape of gaming dynamics.
Imagine this: instead of just playing, you actually own the cool (shiny ✨) stuff in the game – like, for real! With Web3, all your in-game asset is truly yours to buy, sell, or even lend. So, you’re not just a player anymore; you’re a virtual tycoon.
But wait, how and where would you trade? This is where the Non-fungible tokens (NFTs) have totally shaken things up. NFTs have given birth to marketplaces where gamers can swap digital treasures for real stuff. It’s a game-changer, especially ’cause it fixes the not-so-fair deal between players and game developers. Many traditional folks are dropping huge bucks in games but couldn’t cash in – total bummer, right?
QORPO Game Studio is doing things differently. They’ve put NFTs into their shooter game, Citizen Conflict. Imagine battling in a dystopian world where your characters, masks, and weapons are NFTs – they’re like digital gold! And it’s not just them; a big player like Animoca Brands is joining the NFT party. Other games like The Harvest and Illuvium are jumping the wave too. So, get ready ’cause Web3 gaming is turning the tables, and it’s leveling up your gaming experience like never before! 🚀
You know, gamifying education has been all the rage lately. It’s about making learning fun by adding game stuff to it. But here’s the cool part: Web3 tech, like blockchain and tokens, is taking it to a whole new level. we’ll break it down for you.
So, first things first, gamified learning is like turning your study sessions into game time. Teachers use game elements to make learning fun and interactive. But now, Web3 tech is in the mix, and it’s changing everything for the better.
A: Blockchain keeps a secure record of your progress in games. Teachers can see how you’re doing in real-time, making learning personalized just for you.
B: Tokens are like the digital rewards you earn in games, but now they’re part of your learning journey. You can use them to unlock new stuff and even trade with friends.
But there are some challenges too. Not everyone has super-fast internet or the latest gadgets. We’ve got to keep our data safe and make sure teachers know how to use these new tools. A better approach would be to introduce learning lessons into the current games and then smoothly shift to new games that are core educational experiences.
Web3 tech is making education cooler than ever. Blockchain and tokens are turning boring lessons into exciting quests. So gear up!
Web3 games are leading the charge into a multiplayer gaming ecosystem, and it’s a win-win for everyone involved!
Picture this: you’re not just facing off against NPCs anymore; you’re diving into thrilling adventures with friends from around the world. It’s like having a global gaming party, 24/7! Plus, these multiplayer blockchain games bring loads of benefits:
🎯 You learn to collaborate
🗣️ Communicate
💭 Strategize with your fellow players.
It’s teamwork and fun rolled into one epic experience. So, get ready to make friends from all corners of the digital universe in the world of multiplayer Web3 games!
Solving 7 Major DeFi Pain Points With Web3 UX-2023
Decentralized Finances (DeFi) have been gaining mass reach since 2018 but it is still not ready for them. For mass adoption, how easy should the application’s User Experience be? “Well, it should be smooth enough so my grandma can use it.” -Izzul Syazwan, a Web3 UX advocate.
DeFi, which exists as a promising alternative to traditional finance, faces seven key challenges that hinder its widespread adoption:
No Guided Tutorials
Money laundering and Safety Measures
Tutoring on Gas Fee and Implications
Wallet Delays
Error Messages with no clarity
Missing Stability Visualization
Knots of Networks
No Guided Tutorials
“We fear what we do not understand”
Jargon like DAPPs, DEX, gas fee, slippage, etc. is too technical for non-tech savvy people to begin with. And seeing crypto platforms that are graph-heavy with blue UI–straight out of futuristic movies–can feel ‘alien’ to older generations.
Letting the user blindly walk around the complicated platform, figuring things out on their own or getting tangled in jargon is daunting.
UX Solution:
Walkthroughs or guided tutorials for first-time or returning users help them understand the flow, following updates or complicated steps to perform rather easily.
TransferTo includes some video tutorials on hover. In the clip above, you can see a video explaining how to disconnect your wallet. One step beyond a standard tooltip.
Another engaging strategy implemented by StarGate is to let the users switch to walkthrough mode and to guide them on the time it takes for the token to exchange by providing a cool animation.
With everyone allowed to participate in DeFi, it is very easy for criminals and terrorists to launder money and finance their terrorism and criminal operations. It should be controlled and under surveillance. However, some UX operations to tackle the Money Laundering:
UX Solution 1: Decentralized Identity and KYC/AML Integration
Implement decentralized identity solutions and streamlined KYC/AML processes to ensure user accountability and compliance with regulations, while maintaining user privacy.
UX Solution 2: Enhanced Transaction Transparency
Develop user-friendly tools that enable users to easily trace transactions, addresses, and interactions, enhancing visibility and enabling quick identification of suspicious activities.
UX Solution 3: Collaborative Governance
Establish decentralized governance models involving stakeholders and regulatory bodies to collectively set rules and standards, alongside real-time reporting features for users to flag potentially illicit transactions.
Swapping tokens and getting declines due to not having enough fees to complete other transactions can be a frustrating situation.
UX Solution:
To make your swapping experience smoother, educate the users on how much gas fee will be consumed additionally how much is left/ if it is enough for another transaction or not.
Balancer offers a helpful feature. When you swap some of the native tokens, like Ethereum, Balancer calculates how much will remain in your wallet after the swap. It also checks if the remaining amount will be sufficient to cover the required gas fees for future transactions. This information is presented to you through a simple progress bar and message displayed in traffic light colors.
By providing this user-friendly interface, Balancer ensures that you are aware of the implications of your token swap. You can easily see whether you will have enough tokens and gas fees to continue your transactions after the swap. This way, you can avoid any frustrating situations of being left with insufficient funds.
Wallet Delays
The challenge of wallet delays in updating balances within the Web3 ecosystem poses a significant hurdle to mass adoption. While early adopters might tolerate such inconveniences, mainstream users expect seamless experiences. Current excuses like “building the future of finance” no longer suffice. Decentralized wallets, connected to various protocols, struggle with delayed balance updates due to technical complexities, fostering fear and uncertainty among users.
Enhancing network performance, improving user interface communication by providing timely notifications about slowdowns, and exploring decentralized notification systems like EPNS, which could bridge the gap between users and their wallets, fostering confidence and trust in the ecosystem.
Error Messages with clarity
DeFi platforms often fail to provide clear and informative error messages during transactions or interactions with smart contracts. Bar notifications or relying on external tools can leave users confused when errors occur, as these messages are fleeting and lack prominence. Users are left uncertain about what went wrong, hampering their overall experience.
UX Solution:
Implement modal pop-ups for errors. These attention-grabbing modals not only highlight errors but also offer user-friendly instructions for resolution, enhancing clarity and transparency.
DeFi platforms can adopt Spookyswap’s approach by using modal pop-ups for every state, including errors. This approach ensures users are well-informed and reduces frustration, fostering trust and confidence in DeFi platforms.
In DeFi platforms, demonstrating stability in each currency poses a crucial challenge. When swapping tokens on a DEX, transactions typically involve multiple swaps, and some DEXes show this route, which can be especially valuable when dealing with stablecoins as choosing one stablecoin over another might yield a better result. However, in a rapidly changing token price environment, users might end up with a different amount of their desired output token than expected. This can cause confusion in the total amount spent versus the expected.
UX Solution:
Displaying the swap route and quantifying the volatility of that route, offering users valuable insights into potential price fluctuations.
Velodrome incorporates a separate price information section, ensuring that the USDC price for any tokens is prominently visible. This design approach, with its generous use of white space, provides with the clarity and prominence it deserves, enhancing the overall user experience.
A DeFi that has embedded many networks from currencies can become overwhelming for the users to keep track of. Sometimes it can also create confusion with similar names and logos.
UX Solution:
To include description notes for each network helps to educate any kind of user for that network particularly.
Idle Finance is doing a good UX job mentioning a bits of all the networks it has included.
Why is is so important that users get best experience and know the technologies they are interacting with? Simply put, “Communicate value to users, not just technical terms”.
Now, more than ever, an increasing number of crypto and DeFi firms are dedicating significant resources to UI/UX enhancements, recognizing their pivotal role in achieving widespread adoption.
Blockchain Mobile Games: Challenges and Opportunities
The terms “Mobile Blockchain Games” and “Web3 games for phones” are used interchangeably as these are synonyms for the same technology. If you searched “Are blockchain games available on mobile?” or “How to earn while playing games from a phone?” then you’re at the right place. In this write-up, we will explore the top 5 mobile blockchain, the opportunities that it offers, and the challenges that come with them.
In a recent Web3 Space Panel hosted by Polygon Studios, CEO Andy Yang discussed why the web3 gaming industry might be sleeping still on its biggest landscape; the mobile segment. He also explained that market consolidation has made it difficult for new studios to have player acquisition through traditional methods.
The Need for Web3 on Mobile
If you searched “Can I play blockchain games on my phone?” then the simple answer is ‘YES’ but the real question is how are they performing compared to Web2 games or legacy games which have a deep share of the market. Or which mobile games should you be looking out for?
Mobile makes $103 Billion in annual revenue (Report per 2022) and the active users of mobile are $2.5 Billion. This concludes that the mobile industry shares 50% of the global gaming revenue and the Web3 gaming industry should not turn a blind eye to this.
While mobile games have come a long way in terms of graphics, gameplay mechanics, and social interaction, the incorporation of blockchain technology into mobile introduces an entirely new dimension of possibilities and benefits that are poised to reshape the gaming landscape. The standout point of Web3 lies in its ability to foster true ownership, player-driven economies, and unshakable trust.
Mobile Blockchain Games Opportunities
Trading Adventures —In-Game Secondary Markets
Imagine playing a game where you don’t just collect items, but you genuinely own them like treasures! In the exciting world of Web3 games, this is possible. Web3 gives you the power to sell, trade, and swap your in-game goodies with other players. That magical sword you found? You can trade it for a rare shield or even sell it for some virtual coins.
The Economy of Fun —Player-Driven Economies
Picture a game where you not only play but also shape the game’s economy – that’s the magic of Web3! In these games, players aren’t just adventurers; they’re also entrepreneurs. You can create your own custom characters or amazing levels, and sell them to other players. But the coolest part? Youearn a little bit every time someone else buys your creation!
You can even rent out, sponsor other players in sports tournaments, or offer services like being a guide for newbies. The game becomes a whole world of buying, selling, and trading – just like a big market where everyone’s having fun.
Web3 on Your Phone
Web3 games aren’t just for computers; they’re coming to your mobile too. Kevin Chou, a game expert, says it’s super important to have Web3 games on your phone since most of the world’s gamers play on mobile. Mobile allows gaming adventures with more excitement, full of trading treasures, and building economies.
Potential in Decentralized Gaming Platforms
A significant avenue for growth lies in the embrace of decentralized gaming platforms, offering gamers a transparent arena for buying, selling and trading in-game assets. Embracing blockchain gaming platforms is poised to escalate the need for blockchain developers while concurrently generating novel prospects
Mobile Blockchain Games Challenges
Tackling Platform Restrictions
Imagine building an amazing castle in a game, but you can’t show it off to your friends because of some rules. Well, that’s a bit like what Web3 mobile game developers face when it comes to Apple and Google. These two giants have strict rules about using cryptocurrencies and special tokens (NFTs) in their app stores.
Apple says you can buy NFTs and cryptocurrencies only through their special payment method. And NFTs can’t be used to unlock items in games. This means you can’t swap items with your pals like you’re trading cards – a bit unfair, right? Google is a bit mysterious about its rules, but they also want all transactions to happen their special way.
These rules might change one day, but for now, they’re like big walls blocking Web3 games from getting to you. Game creators are trying hard to get around these walls and bring the magic of Web3 to your phone!
User-Friendly Experience
Imagine playing a game where there are ways to do transactions, they’re like secret rooms in different parts of the game world – not very convenient!
For Web3 games to be super fun, they must be easy to play. That’s why they need to work smoothly with unique wallets for cryptocurrencies. It’s like having a pocket full of coins that you can spend in any game you like, without leaving the action! This way, you can stay in the game and still do all the extraordinary transactions you want.
Technical Game Builds
Traditional game builders may lack the knowledge on how to make that bridge! They need special skills, like knowing how blockchains work. And sometimes, finding these experts is as hard as finding a rare treasure. For game players, technical builds can be an obstacle to their gaming adventure.
Delayed Transactions
As you progress through the game, you notice that things aren’t as smooth as they should be. Some features might be glitchy, or you might experience delays in transactions. This happens because integrating blockchain technology into games isn’t always straightforward. Developers need to build bridges between the game and the blockchain world, and sometimes these bridges have a few shaky steps.
Imbalanced Currencies
Imagine you’ve amassed a fortune of virtual coins and rare items in the game. But suddenly, the game’s economy goes haywire – prices skyrocket or things lose their value. Balancing the game’s economy while integrating blockchain elements is like walking a tightrope. If not done well, it can disrupt the fun and fairness of the game.
League of Kingdoms stands as a top NFT mobile game on the Ethereum Blockchain. It is a battle strategy game, ensuring players’ engagement. A blockchain-powered massively multiplayer online (MMO) game, it transports you into an exhilarating adventure, allowing you to construct kingdoms, forge alliances, and partake in grand battles for supremacy.
Splinterlands stands as an online collectible card game powered by blockchain tech. Each card is an exclusive non-fungible token (NFT), traded using methods akin to cryptocurrencies like Bitcoin and Ethereum.
Realm is a multiplayer grand strategy game that lets you construct your own kingdom and form alliances with fellow players for growth. With a medieval setting, it aims to restore order by uniting strategic leaders with unique strengths. Powered by the WAX blockchain, Realm connects to the WAX Cloud Wallet or Anchor. The game’s tokens, RLM, are earned through tasks like resource gathering, unlocking new regions, and advancing levels. These tokens can speed up upgrades, leader progression, and unlock special features.
WAGMI Defense falls within the tower defense genre, a game style where players tactically construct and enhance defences to halt incoming waves of foes. What makes WAGMI Defense stand out is its distinctive fusion of demanding levels, captivating narratives, and impressive visuals. The game also boasts extensive customization, enabling players to devise their distinct strategies. With frequent updates and a vibrant community, WAGMI Defense consistently delivers an immersive gaming adventure that ensures players return for more.
Axie Infinity shines as a top mobile game with innovative play-to-earn mechanics. Players battle, breed, and trade digital pets called Axies, which hold real-world value. Its mix of strategic battles, resource management, and nurturing is captivating. Axie Infinity’s play-to-earn model, engaging gameplay, and community interaction set it apart as a leading mobile game.
Using on-chain digital ownership and player-driven economies can revolutionize how developers monetize games. This aligns interests and boosts growth. Yet, obstacles exist. Comprehensive solutions to manage complexities, letting developers focus on crafting fun experiences is an optimized approach for merging web3 and mobile games.
Web3 games aren’t just about playing; they’re about managing a whole new system. It’s like building a castle, but also making sure the castle is strong, the treasures are balanced, and everyone has a fair chance. It’s a bit like being a game maker and a game protector all in one!
5 Ways AI Transforms Web3 Games
What is AI and how does it transform Web 3.0 Gaming? Let’s explore 👇
Artificial Intelligence (AI): Mimicking human problem-solving and decision-making using computers, through Machine Learning and Deep Learning.
Machine Learning: Using structured data, machines are trained to accomplish tasks, making predictions based on experience.
Deep learning: Resembling the human brain, algorithms called Artificial Neural Networks learn from data without human interference, mastering tasks like image recognition and language processing.
AI takes blockchain games to a whole new level by tailoring challenges and quests. It’s like having a game that knows you inside out and creates a unique adventure just for you. See how it transforms the Web3 gaming experience in 5 ways.
Ever felt like you’re stuck in a game where the enemies are as predictable as a “Baby Shark Doodoo” song on repeat? Well, with AI, that’s ancient history! In the new era of Web3 gaming, Artificial Intelligence algorithms analyze players’ moves and adapt the game on the spot.
This enables dynamic and responsive gameplay, where the game world and its elements can react to the player’s choices and actions. The ability to learn and adapt in real time enhances the overall gameplay and keeps players engaged.
Personalized recommendations
The integration of AI dives deep into gaming behavior and preferences to serve up a platter of perfectly tailored game recommendations for its players. Whether you’re into high-octane action, brain-bending puzzles, or cute animal adventures, AI opens up with blockchain games that are custom-made for you.
Gameplay
Levels Generation
Forget about predictable game worlds! AI algorithms can level up dynamic landscapes, dungeons, and futuristic levels on the fly. One moment, you’re exploring a mystical forest, and the next, you’re venturing into a treacherous cave. With AI-generated content, every game becomes a unique and exciting adventure!
Unlocking Difficulty Modes
Whether you’re a blockchain gaming prodigy or a casual player with AI at the player’s back, it’s like having a personal coach who tailors the game’s difficulty just for you. AI analyzes players’ skills and adjusts the challenge accordingly. So, strap on the player’s virtual boots and get ready for an exhilarating journey where every level is a perfectly balanced rollercoaster ride.
Real-time decision-making
Non-Playable Characters! With AI, NPCs come to life with intelligent and realistic decision-making. It’s like playing with virtual buddies who react and adapt in real time. Whether they’re outsmarting you in a game of chess or joining forces to conquer a common enemy, the AI creates exciting and immersive interactions.
Natural language processing
AI brings natural language processing to the table, allowing you to have conversations with NPCs or control game elements using the player’s voice or text. It’s like having a magical genie who grants a player’s gaming wishes. Want the player’s character to perform a majestic fireball spell? Just say the word! Get ready to immerse in a world where talking to the player’s game is not only possible but downright fun.
Game Development with AI
No More Creative Blocks
AI algorithms can significantly reduce the cost and time required for generating game content. By using techniques like AI Dungeon 2 or Chat GPT, game developers can leverage AI-generated content, such as game narratives, quests, or dialogue options. It provides infinite gaming adventures in no time. This reduces the reliance on manual content creation and provides users with a more immersive and dynamic gaming experience.
Content Generation by AI Dungeon 2. Video credits: Ancient8
Adaptive and realistic NPCs
AI allows for the control and behavior adaptation of non-player characters (NPCs) in games. Through techniques like Pattern Recognition and Reinforcement Learning (RL), NPCs can evolve and learn from their actions, adapting to the user’s gameplay. This results in more adaptive and realistic NPCs that can interpret and respond to player actions, enhancing the overall gaming experience.
Characters created using Midjourney
Immersive object detection
Deep learning techniques, such as object detection using technologies like TensorFlow, enhance the visual experience in modern games. While users can easily detect objects, in-game characters rely on AI to accurately identify objects and their variations within the game environment. This improves the immersion of the game world and provides a more realistic experience for players.
Game Art with Generative AI
Generative AI is the spice that adds excitement to Web3. With tools like Midjourney, ChatGPT, and Dall-E, game developers can create dynamic dialogues, unique avatars, and mind-blowing NFT artwork. Generative AI takes the Web3game development journey to the next level. With new features of generative AI such as text-to-art, Zoom-out feature, and environment generative AI let player’s imaginations run wild in this fantastical realm!
Background scene created using Generative AI (Midjourney)
Enhanced user experience
By leveraging AI technologies, game developers can create more immersive and engaging experiences for players. From dynamically generated content to adaptive NPCs and realistic object detection, AI contributes to a more personalized and interactive gaming experience, tailored to each player’s preferences and actions.
Metaverse with AI
Avatar Creation
AI brings the wildest customization dreams to life in the Metaverse. Get ready for eye-catching avatars that turn heads in every virtual world. Express player’s avatars like never before with AI’s magic touch, from stunning renders to mastering facial expressions. The player’s avatar will be the talk of the town!
Meta Humans created using AI (Midjourney)
Digital Humans
Chatbots come alive in the Metaverse! These AI-powered bots react and respond to the player’s every move, taking immersion to a whole new level. Get ready for mind-blowing conversations and connections that feel as real as in the physical world. The future is here, and it’s filled with virtual beings that’ll blow players’ minds!
Multilingual Accessibility
Thanks to AI’s superpowers, communication becomes a breeze. With Natural Language Processing (NLP), real-time conversations in different languages are a piece of cake. Say goodbye to language limitations and hello to global interactions. Explore, connect, and have a blast in the Metaverse with people from all around the world.
Security
Smart contracts and automation
AI teams up with smart contracts on the blockchain to handle all those tedious in-game transactions and item trades. AI also takes care of scams, making sure everything runs smoothly and efficiently. It’s like having a game accountant, ensuring fair trades, transparent economies, and hassle-free gaming.
Fraud prevention and security
AI superhero, to save the day, fighting cybercrime one pixel at a time! With the decentralized nature of Web3 games, AI can play a vital role in detecting and preventing fraudulent activities or security breaches. AI algorithms can analyze patterns and detect suspicious behaviour, protecting players and the game ecosystem from potential threats.
Challenges
Mobile Operating Constraints
The challenge of deploying learning-based applications on resource-constrained mobile devices is due to the large number of parameters in deep learning models. This poses a burden for mobile devices to efficiently utilize AI applications.
Who owns the Generative Content?
The challenge surrounding ownership and copyright of AI-generated content, particularly in determining who has the right to profit from such content. Ambiguity in ownership structures poses a significant challenge in the era of AI-generated works.
Deepfake Dilemma
The challenge of highly realistic and widespread AI-generated deepfakes in the Metaverse. Ensuring user transparency and protection against fraud and deception as deep fakes become more convincing poses a significant challenge in digital spaces.
The challenge of bias in analyzing and processing data by AI algorithms. AI bias reflects human biases, which can lead to discriminatory outcomes, such as gender biases in credit scores or ethnicity-based discrimination. Addressing and mitigating bias in AI algorithms is an ongoing challenge in creating fair and equitable AI systems.
Concluding…
AI and Web3 games: a match made in virtual heaven. Get ready for immersive adventures, dynamic NPCs, and endless possibilities. The fusion of AI, web 3.0 or blockchain games and the Metaverse will revolutionize how we play, work, and blur the lines between the digital and physical worlds.
While challenges exist, such as addressing bias and ensuring fairness, with careful attention, AI can propel the Web3 gaming space into a future of immersive and meaningful virtual experiences.
The future is here, and it’s powered by AI in Web 3.0. Game on!
What does Apple Vision Pro mean for Gaming in Metaverse?
You’ve never seen everything like this before. Apple Inc. welcomes the world to a new era of spatial computing with its Apple Vision Pro. The company entered the Extended Reality (XR) market with its new headset in early June 2023 with a heavy price tag of $3,499.
Whereas the gaming industry, where XR is becoming X-tReme normality (pun intended), has raised the top 5 games rake of $500M+ since the 2023 kickoff! With the blend of Gaming x Vision Pro, know what possibilities might knock on the door next? let’s explore!
What’s the new XR device in town?
To define it in a sentence it is, as Apple says “More pixels than a 4K TV. For each eye.” An XR device refers to a technology that encompasses Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). Apple’s new headset Vision Pro took the spot next to XR industry competitors; the famous Microsoft HoloLens, Meta’s Oculus and Magic Leap. But Apple’s new spatial device in town has claimed to “seamlessly blend digital content with the physical world while allowing users to stay present and connected to others.”
What does Apple Vision Pro mean for Gaming?
Gamers have been extensively involved in the headset experiences for gaming since 2012 when Oculus was released. It was purely focused on Gaming, unlike Hololens and Magic Leap created for increasing accuracy and efficiency in daily businesses.
But Meta’s headset and Apple’s Vision Pro are not only different in design but also in philosophy.
Apple Vision Pro is packed with cutting-edge technologies that take user experience to new heights. One standout feature is the micro-OLED display, combined with mind-blowing 23 million pixels. Showing jaw-dropping visuals and razor-sharp details that take users to virtual realms like never seen before.
Powerhouse Performance: Fueling the Vision Pro is Apple’s mighty M2 chip, designed to conquer the mind-bending demands of immersive experiences. Prepare for a smooth ride with seamless interactions and unrivalled performance, ensuring users stay fully engaged in the virtual wonderland.
Tracking Magic: The R1 chip of the Vision Pro, is a ticket to next-level tracking and responsiveness. It works behind the scenes, processing external inputs and transforming the movements into seamless digital interactions. Syncing with the virtual world like never before.
Larger Display, High Resolution: The Vision Pro’s larger display with high resolution offers a wider field of view and detailed visuals. This immersive visual experience allows gamers to feel more connected to their virtual environments and enjoy stunning graphics.
Interactive 3D Camera: With the 3D camera feature, the Vision Pro enables interactive elements in gaming. Players can engage with virtual objects using natural movements or gestures, adding a new level of interactivity and immersion to gameplay.
Immersive Gameplay Environment: The combination of spatial audio, a larger display, high resolution, and interactive features make the Vision Pro an enticing choice for gamers seeking a more immersive and captivating gaming experience. It brings virtual worlds to life, making gameplay more engaging and unforgettable.
Audio Wonderland: The Vision Pro introduces spatial audio that transports the users to a three-dimensional sonic. The sounds can be felt coming from their sources, dynamically shifting as you navigate virtual spaces. With spatial audio, players can enhance their situational awareness and feel fully immersed in virtual worlds.
In a nutshell, Your gaming adventures reach new heights of realism and experience!
The recent handshake of Apple and Sky Mavis (Web3 Game Company) for launching Axie Infinity: Origins on iOS has given the potential to many blockchain-based gaming companies on iOS. At Expedite Studio, as the leading company in Web3 games, we see Apple pushing to put gaming at the forefront of Vision Pro’s use cases when it launches in 2024. It should not only enhance the UX with Web3 game characteristics but a whole new world of realism that comes with the fusion of the two. We can also look forward to:
Immersive Web3 Gaming: With The Apple Vision Pro high-resolution display, gamers can dive into decentralized meta virtual worlds, interact with NFTs, and blockchain-based assets, and engage in MMORPGs experiences like never before.
Seamless Metaverse Integration: The Vision Pro’s advanced spatial audio and an interactive 3D camera, make it a perfect fit for the emerging Metaverse. Users can seamlessly navigate and interact with the interconnected virtual universe, connecting with other players, exploring virtual spaces, and engaging in various activities within the Metaverse ecosystem.
Enhanced User Engagement: Everything flows with a tap and eye movement, giving players the liberty to engage efficiently and play effortlessly. The Vision Pro’s immersive features enhance user engagement in Web3 gaming through a smooth run, walking, and supporting other gaming mechanics. With its larger display, high resolution, and interactive elements, users can deeply immerse themselves in virtual environments, amplifying the sense of presence and interactivity.
Future-Proof Technology: Apple’s Vision Pro is designed to meet the evolving needs of Web3 gaming and the Metaverse. Its powerful M2 chip and dedicated R1 chip ensure smooth performance, seamless tracking, and responsive interactions, making it a reliable and future-proof device for users to stay at the forefront of these industries’ advancements.
Access to Innovative Experiences: With Vision Pro, users can access a wide range of innovative experiences and applications within Web3 gaming and the Metaverse. From exploring virtual worlds to trading and owning virtual assets, the Vision Pro opens doors to a whole new dimension of interactive and immersive possibilities.
In the near launch in 2024, the Apple Vision Pro will bring the future of decentralized gaming and virtual experiences to users’ fingertips, enabling them to fully embrace and unlock the transformative potential of Web3 and the Metaverse.
Food for Thought
Since the company is openly launching the spatial device for B2C and not just B2B, it raises the question of whether or not many gamers will adopt a device with such a heavy price tag.
In other news, Matthew Ball, who is a Metaverse expert and author of the book “The Metaverse”, in a recent interview said that “Apple will mandate a 30% fee, which does not work for high-valued NFTs or related experiences”. This might be a big mood turn-off for Web3 gamers.
However, on a positive note, Cathy Hackl, who previously worked at both Oculus and Magic Leap, said about the Vision Pro that “This is the most advanced tech product ever created.” which can be a game changer for the Gaming industry. Assuring more advanced and immersive experiences for the metaverse game developers and studios.
Apple in their ad announcement disclosed that the company have been working with Unity engine for the Vision OS, this is also one step forward to the future of gaming with Vision Pro.
Web3 Game Distribution: Challenges and Solutions
How do games get mass adoption in web3? Well, Web3 gaming has for sure opened up exciting possibilities for gamers, but the distribution of Web3 games remains a challenge for mass adoption. Web2-era methods simply don’t cut it anymore. But, new avenues are emerging to bridge the gap and unlock the full potential of Web3 game distribution. Let’s explore web3 gaming challenges of distribution in this post.
Distribution Challenges & Solutions
1. Gatekeeper Control Issues
Gatekeepers refer to the traditional intermediaries or entities that have historically held significant control over the gaming industry. These gatekeepers could include publishers, app stores, or other centralized platforms that have the power to dictate which games get exposure and reach a wider audience.
The presence of traditional gatekeepers in the gaming industry may hinder the widespread adoption and scale of Web3 games. To address this challenge, web-only distribution can be employed, bypassing traditional channels, and reaching players directly. Clever marketing techniques like in-game NFT giveaways can also help attract and engage a larger audience.
2. Complex Interface Transfer
Web3 distribution refers to the ability to create game interfaces or user experiences that can be easily moved or transferred across different platforms or environments. Developing transportable front-end experiences using Web3 or fake money presents a distribution challenge.
To overcome this, game developers can leverage new Web3-native structures like Ethereum Name Service (ENS) domains to market their creations to fellow game developers. This allows for easier sharing and discovery of games within the Web3 ecosystem.
3. Understanding Blockchain Curve
One of the main challenges is the steep learning curve associated with blockchain technology. Blockchain concepts can be complex and difficult for the general public to understand. Users have to become familiar with things like digital wallets, private keys, cryptocurrencies, NFTs, decentralized exchanges, gas fees, etc. before they can fully participate in Web3 games.
Blockchain is the transformative technology behind Web3 gaming. It enables decentralization, removing intermediaries and fostering player-driven economies. With immutable ledgers, blockchain ensures the integrity and authenticity of in-game assets. Smart contracts automate transactions and govern gameplay, ensuring fairness and transparency. Embrace its power for immersive and player-centric experiences.
4. Facing Regulatory Roadblocks
The technological backbone of Web3 is still being built, and there are still many aspects of scalability, latency, and cost to resolve. For instance, high transaction costs (gas fees) and slow transaction speeds can become a significant barriers for smaller developers and gamers.
Regulatory Hurdles: The regulation of blockchain technology is still a grey area in many parts of the world. There is a risk of heavy-handed regulation making it difficult to distribute Web3 games across different jurisdictions. Developers have to navigate this ever-evolving legal landscape.
5. Lack of Traditional Monetization Channels
Traditional game distribution platforms like the App Store or Google Play Store offer monetization mechanisms like ads and in-app purchases. Web3 games often have to rely on different models, such as the sale of NFTs or play-to-earn mechanics, which might be less familiar to traditional game developers.
Say goodbye to traditional networks and say hello to web3-native social platforms like Lens Protocol. These platforms provide a new level of interaction and connection for gamers. Web3 social platforms enable users to quickly access their digital assets without relying on web2 services like PayPal or bank accounts by supporting web3 wallets.
6. Absent Marketing Streams
The vast nature of the decentralized world can make it hard for new games to be discovered. Traditional games often rely on platform curation or marketing strategies that might not directly translate to the Web3 ecosystem.
Say goodbye to traditional networks and say hello to web3-native social platforms like Lens Protocol. These platforms provide a new level of interaction and connection for gamers. Web3 social platforms enable users to quickly access their digital assets without relying on web2 services like PayPal or bank accounts by supporting web3 wallets.
7. User Acquisition & Advertising
User acquisition and advertising in web3 gaming face challenges due to fragmented user bases, limited awareness, technical barriers, discoverability issues, trust considerations, and the need to adapt advertising models to decentralized platforms. Overcoming these challenges requires targeted marketing efforts, educational campaigns, and simplified onboarding processes.
Web3 has bestowed game developers with incredible powers regarding user acquisition and advertising. Imagine compensating target games by air-dropping in-game items or currency worth real money. Talk about a gamer’s dream come true! Blockchain-native messaging methods, such as EPNS, offer fresh avenues for direct advertising and audience acquisition.
Talking about overcoming web3 gaming distribution challenges, Axie Infinity makes a significant stride by securing its presence on the Apple App Store, marking a major milestone in paving the way for widespread adoption of web3 gaming. Can’t wait to have one for Android users!
Hidden Bonus in your Virtual Wallet
Your own wallets are becoming the backbone of the distribution of web3 games, offering a seamless user experience. It allows players to access and engage with multiple Web3 games using a single wallet interface. Virtual wallets empower players, eliminating the need for traditional payment systems and fostering a more immersive and connected gaming experience within the decentralized web3 ecosystem. Who knew your virtual wallet could be so handy?
And that’s it!
Web3 game distribution may pose its fair share of challenges, but the path to success is becoming more apparent daily. With new strategies, innovative platforms, and a bit of creative thinking, we can unlock the true potential of blockchain technology for gamers worldwide. So gear up, fellow adventurers, It’s time to bridge the gap and rewrite the rules of Web3 game distribution!
Answering the ChatGPT’s Web3 Gaming FAQs
If you are a Web3 gaming enthusiast, you’ve probably got a million questions swirling around in your head about this exciting new frontier. From NFTs to blockchain to decentralized ecosystems, it can all seem overwhelming at first. But fear not, dear reader! In this blog post, we’re going to answer some of the most commonly asked questions about Web3 gaming and give you insight into everything you need to know. So buckle up, grab a snack, and let’s dive into the wonders of Web3 gaming!
What makes Web3 games different from traditional games?
Unlike traditional games where the power is in the hands of a central authority, Web3 games give players true ownership and control over in-game assets. You can buy, sell, and trade virtual items and currencies outside of the game, creating a vibrant player-driven economy. It’s like having your own virtual universe where you call the shots and earn through it.
What is the role of NFTs in Web3 games?
NFTs, are the sparkling gemstones of the Web3 gaming realm! These treasures are no ordinary game assets; they are Non-Fungible Tokens or NFTs. NFTs bestow upon players true ownership and uniqueness. They are digital assets residing on the blockchain, granting the power to authenticate, trade, and even modify in-game items.
NFTs allow players to own and trade their virtual possessions outside of the game’s ecosystem. This ownership fosters a sense of value and rarity, as players can truly possess unique items that can be bought, sold, or even showcased in virtual galleries.
How do NFTs enhance gameplay in NFT games?
These digital collectibles bring a touch of uniqueness and ownership to the gaming world, fueling players’ imagination. With NFTs, your avatar can rock dazzling attire, wield weapons forged by legendary artisans, or even summon rare creatures to aid you in epic battles. Each NFT carries its own distinct attributes and value, making every virtual asset truly one-of-a-kind.
Converting existing games to Web3? Challenges & Considerations:
Who hasn’t thought of this one yet? Converting existing games to embrace this new decentralized era is indeed a thrilling endeavour, but it’s not without its fair share of challenges and considerations.
Some of the burning challenges can be:
Compatibility with blockchain technology
Integrating smart contracts, NFTs, and decentralized storage into the game’s architecture with careful planning and development.
Maintaining a seamless user experience while leveraging the benefits of Web3
But it is still possible to switch your Web2 game to the Web3 environment. Transform your game into a thrilling Web3 experience. Include the smart contracts and NFTs, for players’ ownership and engagement in trustless transactions. Also check out the limitations in Web2 gaming tackled by Web3 gaming in our latest article!
Prepare for an adventure where gaming boundaries crumble, and the future unravels before you. So are you ready to level up? Let’s discuss your next big idea, Get in Touch!
How can Web3 improve my game’s retention?
By incorporating Web3 technology in such ways; as enhancing the player experience and creating new incentives for continued engagement, by combining blockchain-based features like NFTs and DeFi mechanisms, you can offer a more engaging and rewarding experience for players, which can increase their attachment to the game and encourage them to continue playing over time.
Can DeFi feature level up my Web3 game’s value for players?
By adding these DeFi features, you can potentially attract a larger audience of cryptocurrency enthusiasts who are looking for new and exciting ways to use their assets. By integrating DeFi protocols into your game, you can enable players to earn and use cryptocurrencies within the game, creating a more immersive and engaging experience. For example, you could allow players to earn interest on their in-game currency or allow them to stake their assets in liquidity pools to earn rewards.
How can I increase player interactions and Web3 game community-building?
Here’s the recipe to have an interactive community for Web3 game space: Add a pinch of social features, sprinkle some community events, drizzle rewards and incentives,hire a community manager to stir things up, and top it off with some social media integration. Just don’t forget the secret ingredient…a dash of humour! Because nothing brings people together like a good laugh (or a bad pun). So get cracking, and let’s bake up a community that’s as sweet as your game!
How can artificial intelligence (AI) and machine learning (ML) enhance gameplay experiences in Web3 games?
With the power of AI, the built characters come to life, adapting and learning from your every move, creating a truly personalized and immersive gameplay experience. Good thing, no more one-size-fits-all gameplay. AI algorithms analyze your unique gameplay, preferences, and performance, delivering custom challenges, puzzles, and quests that keep you on the edge of your seat.
These cutting-edge technologies not only assist in personalizing gameplay, predicting player behaviour, and generating dynamic content, but preventing fraud, and even chatting with players in natural language. It’s like having a game genie on your team, without the questionable gaming sense.
Prevent Cheating in Web3 Games with AI and ML?
Let AI and ML come to the rescue! By analyzing player behaviour and identifying patterns, these powerful technologies can detect fraudulent activity in real-time, from botting to hacking to glitch-exploiting. Plus, machine learning algorithms can adapt to new forms of cheating, making them a powerful ally in the fight for fairness and security.
What are the investment opportunities and potential returns in NFT games?
NFT games offer unique investment opportunities in the form of rare and collectible in-game items, characters, and virtual real estate. Investors can acquire these digital assets early and benefit from their increased value over time.
The demand for NFT games is growing rapidly, increasing the chances for investors to find valuable assets before they become highly sought after. Investing in NFT games combines art, technology, and gaming, creating an enticing blend of creativity and innovation. The potential returns in NFT games can be significant, with the value of certain NFTs skyrocketing in the virtual realm.
Whether it’s a mythical sword, a majestic creature, or a coveted plot of virtual land, NFT games offer a diverse range of investment opportunities. In a nutshell, it’s a kind of investment journey where imagination meets profitability. Witness the successful trends in Web3 Gaming Investments and financial market for the following year.
What future trends of development and evolution of NFT games?
NFT games will level up faster than a person being dog-chased! Get ready for mind-blowing graphics, immersive gameplay, and digital assets worth more than your home’s antique teapot.
In future, we can expect NFT games to become more immersive and interactive, with enhanced graphics and gameplay.
Additionally, we may see the integration of virtual and augmented reality, creating a truly immersive gaming experience in the Web3 space. Overall, the evolution of NFT games is set to revolutionize the gaming industry and provide players with exciting new opportunities to explore and engage with gaming content.
How to make Web3 gaming a piece of cake for mainstream players?
One way to ensure the smooth adoption of Web3 games by mainstream players is by creating user-friendly tutorials and guides that make the transition a breeze. Also, consider creating interactive onboarding experiences that teach players as they play. User Experience is the key for mass adoption of Web3 Games.
Blockchain technology can sometimes feel like a Rubik’s Cube, especially for non-technical players. To combat this, Web3 game developers can simplify the user experience by abstracting away the complexity of blockchain technology. This way, players can focus on the fun of the game rather than the technical details. This is done by using third parties or such middle platforms that take the complex part to their end and provide the players to have fun while playing.
How is blockchain platforms and technologies used to create cross-platform and multi-chain Web3 games?
The blockchain world is constantly evolving and different platforms use different technologies. This can make it challenging for Web3 game developers to create games that work seamlessly across multiple platforms and chains. However, one way to tackle this is by building interoperable smart contracts that can communicate with each other across different platforms.
Developers can also design with modularity in mind, meaning breaking the game into smaller components that can be easily swapped out or updated as needed. This approach can help create a more flexible and adaptable game that can navigate the decentralized nature of the blockchain ecosystem.
What are the scalability/security considerations for user wallets in Web3 games?
When it comes to Web3 games, user wallets need to be both scalable and secure. Developers must ensure that wallets can handle high transaction volumes while implementing strong security measures to prevent unauthorized access and loss of funds. Additionally, wallets must be interoperable, user-friendly, and compliant with relevant regulations. So, let’s design wallets that are as safe as an iron bank vault and as user-friendly as a piggy bank!
What are some popular Web3 game genres and titles to explore?
Web3 games are all the rage, and there’s a genre for every player! From blockchain-based RPGs to NFT-powered collectibles, here are some pun-tastic examples to get you started:
Crypto-Collectibles: Show off your digital swag with games like CryptoKitties, Axie Infinity, and NBA Top Shot.
Decentralized RPGs: Games like Ember Sword, My Neighbor Alice, and The Sandbox.
Blockchain-based Sports: Score big with games like Sorare, which lets you collect and trade rare soccer NFTs.
Play-to-Earn Games: Get rewarded for your skills with games like Alien Worlds, where you can mine resources and earn cryptocurrency.
So, whether you’re a crypto-enthusiast or a blockchain beginner, there’s a Web3 game out there for you. For a good childhood nostalgia, check out this arcade-based game Paper Rush now available on desktop. Let’s get playing!
What is the Role of Expedite Studio in Web3 Gaming?
Expedite Studio plays a significant role in the realm of Web3 gaming by game developers to navigate the decentralized landscape. One of the primary roles of Expedite Studio is to guide game developers in incorporating blockchain technology into their games. By leveraging their expertise. If you’re a game owner and looking for expert analysis/review of your game, reach out to us here. Or get a free report on Web3 game guide here.
Additionally, Expedite Studio assists in building a smooth user experience while harnessing the benefits of Web3. Striking a balance between decentralization and factors like scalability, speed, and cost-effectiveness. With astute design services such as Game Design, UI Development, Metahumans Integration, Web3 Integration, Multiplayer Architecture, Metaverse Dev,Gamification. Expedite Studio will soon be launching its very own Web3 game 🚀 Keep posted and reach out to us at [email protected] to get in touch!
Web3 Gaming: Breaking the Limits of Web2 Gaming
Before We Begin…
Before we begin with Web3 gaming, remember the time when we earned coins and harvested fields in FarmVille? But farms would all go away if the account is compromised or the server is down. This is an example of Web2 gaming.
Web2 games often rely on a centralized server to store player data, which can be problematic if the server goes down or is shut down. Players may lose their progress or even their entire account if the server is not properly maintained.
Let’s jump into the exciting world of Web3 gaming! Further in this article, we will provide a comprehensive analysis of how Web3 gaming solves issues like the one we discussed above and a few more that exist in Web2 gaming, and why Web3 is the future of gaming.
What is Web3 gaming?
But first, let’s understand what Web3 gaming is. In simple terms, Web3 gaming is the next generation that utilizes blockchain technology to create decentralized, transparent, and secure gaming environments. It provides gamers with complete ownership of their in-game assets, enabling them to trade or sell these assets for real-world value.
Problems in Web2 Gaming and How Web3 Is Solving Them
Are you tired of playing Web2 games and experiencing endless bugs, server crashes, and pay-to-win schemes? Fear not, my friend, because Web3 gaming is here to save the day!
Third-party Data Selling: Web2 gaming, it’s mostly about money. Developers are constantly bombarding you with ads and pushing in-app purchases to stay afloat. And let’s not forget about those pesky bugs that always seem to ruin the fun. Web3 gaming has got you covered with its decentralized infrastructure.
Losing Game Assets To Game Owners: In Web2 gaming, players risk losing in-game assets to centralized game owners due to limited ownership and control. This may occur if the game shuts down or changes its policies, resulting in a loss of asset value.
In Web3 gaming, the focus is on creating a fair and transparent experience for all players. With the help of blockchain technology, games like Axie Infinity and Decentraland are providing players with a new level of ownership and control over their in-game assets.
Whole Game Can Go Down: Instead of relying on a single server that can go down at any moment, Web3 games are hosted on a network of computers, making them virtually immune to downtime.
Cheating and Scams: Cheating and frauds are common in both Web2 and Web3 games but Web3 gaming is taking strides by using smart contracts and blockchain-based authentication, games like The Sandbox are able to prevent cheating and protect players’ investments. Whereas in Web2 players suffer bad consequences due to scams.
Decision-making Power in Games: Web2 gaming gives decision-making power to game developers and publishers, while players have limited input and control over the game’s development, distribution, and monetization. In Web3, players can influence game development and direction by voting on changes and contributing through community-driven initiatives (Decentralized Autonomous Organizations DAOs).
The members of the DAO have voting rights on important decisions, such as which projects to fund, how resources are allocated, and how the DAO is managed through governance. Voting is done through mechanisms, such as token-based voting, or through off-chain mechanisms, such as signalling and deliberation.
So, How Can You Identify A Web3 Game?
Here are some of the key differences between web2 and web3 gaming:
Infrastructure of Web2 vs Web3 gaming
Why You Should Switch to Web3 Gaming Today?
1. Improved Security And Transparency:
Web3 gaming platforms use blockchain technology to create reliable and transparent records of game actions, establishing trust between players and developers. Smart contracts also help enforce rules and promote security and fairness.
2. Enhanced Ownership Of In-Game Assets:
Web3 gaming uses non-fungible tokens (NFTs) to give players complete ownership of in-game assets, unlike traditional gaming platforms with central control over items. This player-driven economy enables easy buying, selling, and trading of assets, fostering a vibrant gaming ecosystem.
3. Lower Fees And Costs:
Decentralized systems in Web3 eliminate intermediaries and reduce transaction fees, making gaming more accessible. Developers can create decentralized applications (DAPPs) that use cryptocurrencies or custom tokens for in-game transactions, fostering a more open and cost-effective environment.
4. Decentralized Governance:
Web3 gaming utilizes decentralized governance structures such as DAOs to give the community a say in platform development and asset management. This allows for a more democratic and fair gaming experience while ensuring power is distributed and shared among stakeholders.
5. Finance Market in Web3 Gaming
Web3 gaming, proven by companies like Axie Infinity, Decentraland, and Sandbox, is creating a positive financial market through disruptive gaming monetization models such as play-to-earn (P2E), and decentralized finance (DeFi) mechanisms. These enable players to earn cryptocurrency and real-world value through secure and transparent investment opportunities within the gaming industry.
Where to get the latest Web3 Games?
Following are the best-rated Web3 gaming platforms and their flagship games:
1) Axie Infinity – Axie Infinity is one of the most popular Web3 game. It allows players to collect, breed, and battle fantasy creatures called Axies.
2) Gods Unchained – Gods Unchained is a digital trading card game that uses blockchain technology to ensure that each card is unique and owned by the player.
3) Decentraland – Decentraland is a virtual world that allows players to build, explore, and trade in a completely decentralized environment.
4) Splinterlands – Splinterlands is a trading card game that allows players to battle monsters in a decentralized environment. Players can earn rewards while playing and trade their cards on the marketplace.
5) The Sandbox – The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences. It is built on blockchain technology and offers players complete ownership of their in-game assets.
6) CryptoKitties – CryptoKitties is a blockchain-based game that allows players to collect, breed, and trade digital cats. The cats are unique and cannot be duplicated, making them valuable to collect and trade.
7) My Crypto Heroes – My Crypto Heroes is a blockchain-based game that allows players to collect, train, and battle historical heroes from around the world.
Final Word:
So, if you’re tired of being swindled by Web2 games and want a more fair gaming experience, look no further than Web3 gaming. With its focus on decentralization, ownership, and security, it’s the future of gaming. And let’s be honest, who doesn’t want to be a part of the future?
In conclusion, Web3 gaming solves the issues that exist in Web2 gaming by utilizing blockchain technology to create a decentralized, transparent, stable and secure gaming environment. It provides gamers with complete ownership of their in-game assets. It also introduces new gameplay mechanics that are not possible in Web2 gaming, creating a new type of gaming economy where players can earn a living by playing games.
According to the observations of GameFi in 2022, the ecosystem has already risen and fallen on the back of the 2021 NFT hype cycle. Early token rises and NFT mints were rewarded by the “NFT go up” mindset for games that were still in development and solely intended to provide players with an opportunity to earn money.
Many P2E gaming projects that were released in the last 12 months include sustainable design rather than providing genuinely enjoyable play experiences. These games instead of holding the Ponzi schemes are controllable using WASD (The game controlling keys other than arrow keys).
As traditional equities and other assets saw a wider worldwide decline, the 2022 cryptocurrency market also had a severe correction. Investors have tightened their decisions to risk-on assets, such as cryptocurrencies, as a result of rising interest rates that are intended to fight inflation. With the exception of Web3 gaming, which is proving to be a significant factor in the global growth of blockchain and cryptocurrencies, venture capital funding in those industries has also somewhat decreased. Despite the weak market, blockchain gaming has been demonstrating its strength in these trying times. Blockchain games may receive over $10 billion in investments this year, more than tripling the US$4 billion raised in 2021, according to a report by market watcher DappRadar. To be precise, 2022 has been a significant year for growth, investment, and development in both web3 gaming and NFTs, indicating a fruitful crypto winter.
According to the Binance research, the situation at current leading Blockchains in Web3 gaming are:
Moving forward let’s review some of the major topics and metrics that indicate the development of these markets in this 2022 Web3 Gaming report. Read below how these turning points handled the market slump and how things are shaping up for next year after a year of significant growth for cryptocurrency markets and increasing attention to the web3 gaming field in particular.
Web3 Gaming
1. Gaming Model Switch
The gaming model transformation is partially a result of the game developers switching to concentrate on the game play aspect rather than the earning part. The phrase “play to earn” also establishes certain standards for the playerbase. In some regions of the world, playing Axie Infinity used to be a full-time job. However, their faltering economy made it clear that this was an unstable arrangement.
Developers started using the phrase “play AND earn” instead of “play to earn (P2E),” suggesting that you can make money while playing. Actually, this more closely reflects what true gamers desire. They prioritise enjoyable games. Additionally, if they manage to uncover a way to earn a little money while playing their games,
The problem gap arises when the small gaming startups embracing the new economic model and the profound AAA studios with high-calibre games devoted to a premium $60 price tag and paid subscriptions. But the twist comes as the AAA studios that are now converted to the wildly successful F2P(Free-to-Play) model. The difference between the rising P2E economic model and AAA game quality will eventually close.
Many studios and developers are working to create a Web3 game that is genuinely entertaining. Businesses are exercising a formula that is entertaining, equitable, and profitable for both the gamers and their creators of them.
Web3 gaming is not readily switching back to a free-to-play (F2P) model from a pay-to-earn (P2E) model, as both models can coexist in the web3 gaming space. However, there are a few reasons why some developers and players in the web3 gaming space are experimenting with F2P and other models such as play-to-play (P2P), Factory Models etc.:
Player engagement: F2P models give players the opportunity to earn rewards for their skill and effort, rather than just spending money. This can create a more engaging and satisfying experience for players.
Fairness: F2P models can be more inclusive and fair for players, as it allows everyone to access the game without spending money.
Revenue generation: F2P models can generate revenue through in-game purchases, while P2E models generate revenue through the sale of in-game assets or currency.
Community engagement: F2P models can build larger communities, as it’s more accessible to a wider range of players.
It’s worth noting that many developers and players are experimenting with different models to try and find the best balance between player engagement, revenue generation, and fairness.
2. Newly Launched Web3 Games in 2022
The top games with the most DAUs (Daily Active Users) in 2022 are listed by collective Research as follows:
Alien Worlds is a space-themed metaverse game.
Benji Bananas is a ridiculously informal smartphone game in which players gather bananas.
Solitaire Blitz is a simple card game.
Splinterlands is a game of card accumulation.
Illuvium is an open-world RPG game that invites you to gather NFT monsters called Illuvials. In PvE and PvP arenas, the player must engage opponents using these monsters.
Legends Reborn: Essentially a deck-building game, Legends Reborn by Gala Games is enhanced with web3 concepts.
My Neighbor Alice: Similar to Animal Crossing, My Neighbor Alice is a multiplayer-building game.
3. 2022 As The Year of Alphas
An essential stage of development is the alpha release. In software development, reaching a working build that you’re ready to share with the public is a significant accomplishment. It’s encouraging to see so many alphas and betas released this year.
It is true that 2022 was the year of the alphas. Axes Metaverse, Mytheria, Everseed, Sunville Farms, Moonville Farms, Eternal Dragons, Big Time, Ancient Society, Phantom Galaxies, Star Atlas, Farsite, Spider Tanks, Mirandus, Legacy, Superior, War Park, Chicken Derby, Green Rabbit, Guild of Guardians, R-Planet: Conquest, Farming Tales, My Neighbor Alice, TreeVerse, Life Beyond, etc. are some examples of games that fall under the initial release category.
4. Web3 Gaming investments/Funding review
The Web3 gaming and metaverse sectors received a lot of investment from venture capital firms this year. But the overall amount of money invested in these sectors fell from $5.5 billion in 2021 to $3.7 billion in 2022. (Footprint Analytics).
Animoca Brands is the market leader as of the publication date of this study, having invested in 61 projects in the web3 gaming and Metaverse categories. They are followed by Shima Capital with 29 projects and Infinity Ventures Crypto with 30 projects (CoinMarketCap). Even if it is happening more slowly than in previous years, the number of Game-Fi projects is still increasing. Yat Siu, a co-founder of Animoca Brands, has also made plans to launch Animoca Capital, a $2 billion metaverse fund.
With a $50 million B round, indie gaming studio Theorycraft secured the largest investment of the month in September. The trend of well-known gaming firms and developers entering the Web3 area is evident, with the founding team including members of Blizzard, Riot Games, and Ubisoft (Cryptoslate).
In October, Ubisoft and Take-Two Interactive participated in a $40 million Series A fundraising round led by Horizon Blockchain Games, the company that created the video game Skyweaver (DappRadar). More recently, Web3 game producer Fenix Games secured $150 million in order to purchase, fund, and distribute blockchain games (DappRadar).
Despite the unpredictability and difficulty of the market in 2022, it is evident that investors are still upbeat about the future of the blockchain gaming sector.
Even if Axie Infinity and STEPN may have been the first projects to become widely popular, they are no longer the leading initiatives in the field. Alien Worlds and Splinterlands are the current leaders in terms of active users, with Alien Worlds claiming 131K average active users and Splinterlands closely trailing at 98K. Only the players of these two games account for almost 30% of all gamers on the web3 platform (Footprint Analytics).
The best performers in terms of transactions are WAX and Hive. The popularity of Alien Worlds and Splinterlands, which account for 54.55% and 99.85% of each platform’s overall users, respectively, is crucial to both of them as a blockchain technology (Footprint Analytics). BNB, the third-largest chain in terms of gamers and gaming transactions, hasn’t yet created a standout game in the genre.
Despite this, BNB Chain is still one of the gaming industry’s most resilient chains. With 299 new projects debuting on the platform in 2022 alone (excluding December) and a 37% market share in terms of web3 gaming protocols, BNB continues to dominate in terms of both new project launches and market share (Footprint Analytics). When it comes to new initiatives, Ethereum comes in second.
It is obvious that the world of cryptocurrency gaming is continuously changing, with new players appearing and established ones fading away. Although Splinterlands and Alien Worlds may currently be the dominant powers, the future is still uncertain.
6. Rise of Metaverse
The six basic elements that make up the Metaverse—blockchain, interactivity, games, AI, networks, and IoTs—are more popular than ever. According to Goldman Sachs, the potential Metaverse economy could represent an $8 trillion opportunity by 2022, according to Gartner, which recently designated the Metaverse one of the top five emerging trends and technologies for that year (Bitcoin.com). Due to the fact that gamers have long been participating in immersive virtual experiences and creating social ties, gaming is crucial to the growth of the Metaverse.
Free-to-Own: The Limit Break gaming studio’s Free-to-Own (F2O) marketing strategy is minting a genesis NFT collection (in Limit Break’s case, DigiDaigaku) and giving them away for free in an exclusive and covert manner. A new gaming economy is being proposed as an enhancement to both free-to-play mobile games and play-to-earn business models that sell game NFTs to players up front. F2O sets the groundwork for this new economy. This model is among the most encouraging ones we’ve seen in 2022 for web3 gaming, regardless of whether F2O is fair or not.
Soulbound Tokens (SBT): SBTs are non-transferrable digital identity tokens that can stand in for a person’s or an organization’s credentials, expertise, and/or reputation. These tokens represent and publicly validate an individual’s reputation, accomplishments, and skill level in a novel way that will have broad repercussions for web3 games, guilds, players, etc. Although SBTs are still a relatively new idea, developers are actively working on SBT products that may be available by the end of the year.
Permanent Death: This refers to the gameplay mechanic in which a player’s character is reset to zero upon death. The more battles they win as they advance in the game, the more competent their character becomes, and the more the game’s owner is rewarded. However, if they lose, their character passes away for good and the NFT that represents it is burned. As it promotes talent, strategies, and more deliberate risk-taking, the idea can assist web3 gaming transition from playing for profit to playing for fun and embracing difficulty.
Physical Backed Tokens (PBT): The developers of Azuki, Chiru Labs, released this novel open-sourced token standard in October. It links a physical object to a virtual token on the Ethereum blockchain. Using physical objects to create digital experiences; tracking the ownership history of physical commodities; and decentralized verification of goods are all possible with PBT. With PBT, users may now create a collection that includes both digital and physical items, exchange authenticated goods, or take part in physical quests.
ERC-4907: Since NFT rental platforms have grown in popularity in the digital sphere, the Double Protocol-proposed ERC-4907 standard has quickly emerged as one of the most significant token standards thanks to its novel and surprisingly straightforward implementation. The ERC-4907 standard does away with the requirement for collateral in lending and borrowing NFTs thanks to its dual-role capability. NFT owners, buyers, marketplaces, and artists will have access to safer and more lucrative opportunities if it becomes generally accepted as the norm for NFT creation and programming.
Sensational Projects In 2022
Kiraverse: Built on Unreal Engine 5, is an online multiplayer game, which allows players from all over the world to participate, compete, and gain achievements to unlock or rent avatars, skins, weapons, and other items. Battle Royale and Elimination are the two game types that KIRAVERSE will debut with. To improve their gaming experience, players can acquire in-game achievements and own, buy, or rent characters, skins, weapons, and other items.
Illuvium: A collectible 3D fantasy RPG game with 343k Twitter followers that has developed a substantial and devoted fan base. In addition to concluding a virtual land deal for over $72 million this year, Illuvium also just made the auto-battler game mode’s first private beta available. The game has received overwhelmingly positive reviews so far and has AAA visuals and gameplay.
Shrapnel: The project has garnered a lot of interest from the public, particularly in the West. It is being developed by a team of seasoned developers that have won BAFTA and Emmy awards from series like HALO and Call of Duty. Shrapnel, which won “Most Anticipated Title” at the Polkastarter GAM3 Awards this year, is evidence that Web3 games’ quality will continue to rise.
Big Time: A forthcoming multiplayer action role-playing game that is now in early access. This project’s aim of creating a “second-generation crypto game” in terms of its in-game economy has been obvious this year, among other things. Big Time recently unveiled full information on its token and economy, which aspires to build a player-driven circular economy.
Tatsumeeko: A multi-chain MMORPG designed to “build communities and deepen worldly relationships” and based on the Tatsu.GG Gaming Bot in Discord. The Tatsumeeko proof-of-concept generated over $369K in microtransactions, surpassed 62K MAU, and over 4.7M virtual products sold. The well-known Discord communities of PewDiePie, Davie504, Moistcr1tikal, Mobile Legends, and Team Liquid, and the fan community of Kanye West, Ariana Grande, and Hololive Fan Server already have Tatsumeeko.
What’s in for 2023?
Cryptocurrency volatility is nothing new, and 2022 was a true rollercoaster for the entire sector. It also represents a remarkable chapter in the artifacts of crypto history. It will be a useful lesson to educate both experienced developers and beginners that cryptocurrency is still “a work in progress” while simultaneously highlighting how far it has come. Future developments in this quickly evolving industry will be shaped by innovators and visionaries who remain focused and persistent.
The two industries that are most likely to use blockchain technology to spread cryptocurrency are Web3 gaming and Metaverses. Following a bright start to 2022, economic and social unrest has had an impact on international markets, particularly tech.
Crypto and NFT advocates have had to deal with hacks, significant falls, and plummeting token prices. Web3 gaming and NFTs are still very much alive and moving forward in spite of all the FUD (Fear, Uncertainty and Doubt).
As the industry develops, there will be more obstacles and setbacks, but we also anticipate that market recovery, adoption by Web2 businesses, and significant technological advancements will serve as the catalysts for a number of innovative NFT and Web3 Gaming projects and trends in the coming year and for many years to come.
The blockchain sector may have been jolted by the bear market and other problems, but the web3 gaming alternatives are just becoming better. In 2023, It can be confidently expected that there will be even more advancements in blockchain gaming with good value returns.
