Web3 Gaming: A Paradigm Shift in Ownership and Education

Web3 gaming is here, and it’s a game-changer!

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.

In this write-up, we will talk about:

Web3 Gaming’s New Recipe of Ownership

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! 🚀

Immersive Education with Web3 Gaming

If you are thinking 👇

You might be slightly wrrr-right

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. 

It’s like making learning an exciting adventure.

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!

Psst. Taking exams in Games can look like this. 🤣

Bonus: Mission of Web3 Gaming Strategists

Two Words: Multiplayer Ecosystem

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: 

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! 

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? You earn 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.

Top 5 Mobile Blockchain Games in 2023 August 

League of Kingdoms

League of Kingdoms

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.

Available for iOS | Android

Splinterlands

Splinterlands

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.

Available for iOS | Android

Realm

Realm

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.

Available for iOS | Android

WAGMI defense

WAGMI Defense

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.

Coming Soon to iOS | Android

Axie Infinity

Axie Infinity Origins

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.

Available for iOS | Android

Ending Note

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.

Personalization

Video credit: Game Wisdom

Real-time adaptation and learning 

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.

Deep fake in FIFA Video Credits: VFXCHRISUME

Bias in AI Algorithms 

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!

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!

What Is GameFi? A Beginner’s Guide To Blockchain Games

This guide brings the objective to restructure the way people think about the Gaming industry or GameFi, how blockchain is part of it, how it gives ownership and more control to players, brings new global friends using decentralization, and establishes the earning habit while playing games.

GameFi allows users to earn incentives for playing games and matches players with shared interests via a peer-to-peer approach. Gamers may make new acquaintances and take part in international gaming events thanks to GameFi.

First, let’s understand the few concepts to bridge the gap between conventional games and Blockchain-based games.

Conventional Games vs Blockchain-based Games

Despite not being restricted to certain platforms like smartphones and desktop PCs, blockchain games and conventional games mostly function differently. Here are four distinctions between blockchain games and conventional video games.

1. Who’s in control?

The standard video games or conventional games as we have played in the past end when the player has achieved the conquest or the character ran out of lives. Where does all the data go? What happens next? IT only starts over as a fresh game. In centralized gaming models, all player data, and game-related intelligence including player account information and all of the events and in-game items users acquire on their virtual journeys, is kept on servers that are entirely under the authority of the game producers or administrators. 

In addition to the fact that players never actually own their own data or the in-game items, they spend countless hours earning, all of the aforementioned are also at risk of being taken or even lost forever in the event that the game developers themselves damage or shut down the servers. This means that the player itself is not controlling the events/happenings about his character. Whereas, in blockchain games there is a strong belief in decentralization. We will discuss that in detail below.

2.  Where do the accomplished game assets go?

It is indeed a milestone for players when they win hard levels, reach the finale, and end the game with an amazing victory. After winning in traditional games, the player is bestowed with all the coins, cups, new skins, diamonds, and relevant game assets. Once the game ends all the assets are gone. And while remaining in the game, the assets are accessible on that system only with no procedure of sharing or using the swags afterward. 

For obsessive gamers, it would be a dream come true to keep the items even after the game stops. The rewards acquired are limited to being used in the next level or sometimes the rewards are purely visual and have no effect on the earning and gameplay. The revolutionary gaming industry known as the Blockchain or Web3.0 gaming industry has changed its concept and put a lot more into the game assets being only static assets.

3.  What’s in for the next level of game?

With traditional technology, players can not actually get info about the procedure, and activity going on behind the video game screens. It restricts the freedom of players where they can truly take a peek behind the scenes. This is a lack of transparency in the older game-plays. 

The trust that players and game producers have in a game is increased by this level of openness. Gamers may observe every move done by developers and other players, eliminating the need for them to wonder what is occurring in the server of a game they have spent hours playing. However, in Blockchain gaming development, games offer expandability chances for ongoing game improvement in the industry and allow a fault-free and righteous gaming ecosystem. 

4.  Having permanent storage to increase reliability:

Since conventional video games are centralized, there is an enormous risk of losing everything you have played so hard to obtain. The only way to save your massive win and show it to your circle is by taking a screenshot of the final screen and framing it which does not sound like a rational approach. With blockchain games, this is not the case because of decentralization, as stated earlier. 

The blockchain factor in games will store all game data on the Kronoverse/FYX platform. With Kronoverse’s Twitch-like match viewer, games that have been permanently saved may be broadcasted while still allowing for game replays. This implies that you may review earlier games to learn from your failures and achievements and advance your knowledge and skills.

What is Game-Fi?

The phrase “GameFi,” which combines the terms “gaming” and “decentralized finance” (DeFi), refers to the incorporation of blockchain technologies in the gaming industry for monetization and other uses. Particularly smaller publishers take advantage of the tokenization option to monetize their games. The tokens are often released as part of an Initial Coin Offering and are based on the ERC-20 standard of the Ethereum network (ICO). This helps to pay for the expenses spent during the game’s production. Players get automatic tokens from the publisher via smart contracts in return for a payment using currently available cryptocurrencies, and they may spend those tokens in the game that is subsequently created.

It blends cryptocurrency, blockchain, non-fiat currencies (NFTs), and game mechanics to provide a virtual world in which users may engage and make money. GameFi has a “play-to-earn” business strategy. This idea is around offering players cash incentives to play games and advance through the stages. Some blockchain games let players make a full-time living while they play.

Such gaming initiatives are introduced on the blockchain distributed ledger. This implies that any items players obtain are fully their property.

For instance, some blockchain games offer rewards for in-game achievements, while others let players generate income from the many assets they hold.

Game-Fi background -the revolution:

The end of 2017 saw the global growth of the pet-raising game CryptoKitties, which is built on Ethereum smart contracts. In the first seven days after its introduction, the game’s transaction volumes surpassed $1.9 million, and it was so well-liked that it clogged the Ethereum network. Due to CryptoKitties’ popularity, traditional and online gaming firms have flocked to blockchain gaming. AxiomZen, the firm that created the video game CryptoKitties, received $70 million in a Series A investment a month later. Numerous strategic, role-playing, simulation, and other blockchain games have since been released.

However, the word “GameFi” publicly appeared in presentations given at China’s Wuzhen World Blockchain Conference in November 2019 by the founders of MixMarvel, a blockchain game publishing platform, about how the technology behind cryptocurrencies may transform the video game business.

Numerous blockchain games with NFTs, DeFi, and other components have surfaced since June of the year 2021, under the slogan “Play to Earn.” The most notable example is the pet-game Axie Infinity, whose single-day revenue of $9.72 million quickly eclipsed that of Tencent’s well-liked mobile title “Honor of Kings” in a matter of months. Over the course of just two months, the value of its tokens AXS and SLP increased more than thrice. 

Five of the top nine applications according to DApp rankings are GameFi apps. Since the summer of 2022, GameFi has had more unique users than DeFi, and as a result, it now accounts for most of all Dapp users. Game-Fi has 9.21 million weekly active users as of the beginning of December, a record number.

The two important reasons why the rise of the Game-Fi revolution happened are; The first is the freedom of trading in-game resources, which is expressed both in the freedom of trading items and the freedom of trading prices. Traditional gaming models’ transactions resemble those of planned economies to some extent.

The second element is the open pricing and trading of in-game money. Although game currencies cannot be directly monetized through official channels, it has been neglected by many experts that it is feasible to generate real money from the game currency by selling in-game objects or props for money on underground black markets. But doing so results in high transaction costs.

How does the Game-Fi system work?

The mechanics of various GameFi projects differ. In-game things often take the shape of avatars, lands, outfits, weapons, currency, tokens, and pets and are created as non-fungible digital tokens (NFTs). As a result, you can prove that any in-game stuff you buy is entirely yours.

As they play the games, users claim these things, which they can then sell for profit on NFT marketplaces or convert into well-known cryptocurrencies. Most of the time, in-game items are NFTs that operate on the blockchain and may be exchanged on NFT exchanges. However, in some circumstances, users cannot buy or sell in-game assets until they have been transformed into an NFT.

Typically, the in-game items will provide players with certain advantages so they can earn more prizes. However, some games also provide cosmetics and avatars that are entirely aesthetic and have no bearing on the game’s gameplay or revenue.

Depending on the game, players can gain prizes through completing missions, engaging in combat with other players, or constructing buildings that can be sold. Through staking or by lending their in-game assets to other players, several games can allow users to earn passive revenue without actively participating in the game.

Important Features of GameFi projects:

    Play-to-earn model (P2E)

Players may earn money for achieving game objectives in several blockchain games. The native token reserve stored within a smart contract is often where the money granted in these play-to-earn games comes from.

It differs significantly from the pay-to-play business model used by conventional video games. Pay-to-play games need players to make an investment before they can begin. Video games like Call of Duty, for instance, demand that users buy licenses or recurring subscriptions.

Most of the time, gamers of traditional video games won’t see any financial gains, since the gaming industry controls and owns all of the in-game assets. P2E games, on the other hand, may give players total control over their in-game possessions while simultaneously providing them with chances to make money.

Depending on the game, players can gain prizes through completing missions, engaging in combat with other players, or constructing buildings that can be sold. Through staking or by lending their in-game assets to other players, several games can allow users to earn passive revenue without actively participating in the game. Let’s look at a few of GameFi’s standard features.

    Ownership of digital assets

Because digital asset ownership is made possible by blockchain technology, gamers may earn money from their in-game assets in a variety of ways. Blockchain-based games provide this wonderful fortuity to gain any valuable item from the game forever in your ownership even after the game ends. Everything you win, gather, or buy becomes your property, and it is kept in your virtual wallet.

Players may own avatars, pets, homes, weapons, equipment, and much more, much like in video games. However, in GameFi, these assets may be produced as NFTs and issued (also known as NFT minting) as well. As a result, gamers may fully control their goods and ensure their validity and ownership.

This protects you from the possibility of losing any in-game stuff if a game crashes in the middle of a match or your account is suspended. In the event that you lose Internet access after triumphing in CryptoFights combat, for instance, you still have all of your armor and weaponry. You may still trade stuff even if your account is suspended, keeping you from being totally shut out. You can trace every transaction, from purchases to exchanges, thanks to blockchain technology.

The notion of land ownership is emphasized in certain well-known metaverse games, like Decentraland and The Sandbox. They let users earn money off of their virtual property. Gamers may buy digital plots of land in The Sandbox and develop them to make money.  

    DeFi integration

DeFi items and functionalities are also offered by several GameFi initiatives. Players often risk their in-game tokens to get awards, gain access to premium products, or advance through the game’s stages.

The addition of DeFi components can further decentralize crypto gaming. Some Game-Fi initiatives let the community take part in the decision-making process, in contrast to traditional game companies that centralized control over their game updates. Through decentralized independent groups, they can suggest and vote on the next upgrades (DAOs).

Games on the blockchain are decentralized as said, which gives users and game producers more flexibility and security. The innovative environment that blockchain game developers build gives players more freedom to play and enjoy. Due to its decentralization, blockchain games vary from conventional video games like Grand Theft Auto and FIFA. DAO in Game-Fi gives freedom to the collection of individuals working together toward a common goal or project who, through the use of tokens and the blockchain, enable their members to cast votes. Game-Fi DAO also allows the players to team up and represent as a team like e-sports and share the reward. Blockchain games let you monitor and examine every action you’ve ever performed as well as the actions of other players

Players in Decentraland, for instance, may vote on organizational and in-game rules by locking their governance tokens (MANA) in the DAO. Their voting strength increases as they lock more tokens. This makes it possible for players to interact with game designers directly and affect how the game is made.

Making Friends Around the Globe:

Millions of gamers now have the chance to mix their gaming with partnerships. New resources are provided to developers for marketing and reimbursing NFTs and games. The selling of unique skins, things, and characteristics also brings in money for the investors.

As the gaming business becomes increasingly well-known every day, more influential players are joining forces with several top-tier GameFi and NFT initiatives to provide new, lucrative possibilities and features for the whole network.

This is bridging the gap between the global network and compiling a huge set of players into friend zones. People meet and greet at the GameFi events, and realize that they have met their virtual opponents, friends, and allies.

Following are some of the multiplayer games that let people compete, play, and fight in groups against other teams and earn a mutual reward, these made it huge into the industry:

·         MMO RPGs

MMORPGs stand for massively multiplayer online role-playing games. These games provide players the chance to trade, strategize, explore, earn gold, craft, and even compete within a network pool of other players and teams.

·         Battle Royale

It hit the news not very long ago that “The Next War Launches the First Blockchain-Based Battle Royale Style GameFi”. This is a great turn for all the Royale fans that they will now be joining the futuristic tech within their favorite game. 

·         Arcade

The Web3 arcade has a 5-step rule. 1. Stake 2. KYC 3. Apply whitelist 4. Buy 5. Claim and that is it. The players can play any game from the arcade using Multiplayer or solo mode abiding by these guides.

Final Note:

GameFi is projected to continue expanding quickly as blockchain technology continues to advance. It is incredibly well-liked, particularly in underdeveloped nations, because it allows users to buy stuff in games and profit from them.

It’s simple to understand how GameFi attracts gamers by providing both entertaining and monetary effects. It is expected that as blockchain games gain popularity, more and more significant businesses will begin to develop the metaverse. However, initiatives like Axie Infinity, Illuvium, and LOCGame will pave the path for the gaming generation by creating the subsequent ecosystems that will enable this market to reach its full potential. As we approach 2023, their creative fusion of NFT, DeFi, and traditional gaming mechanics has established GameFi as a leader in this market.