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Web 3.0 – A Brief

Web 3.0 is the name given to the mixture of technologies that aim to create a virtual world that resembles the real world, which does not occupy any physical space. It encompasses multiple technologies, including blockchains, internet of things (IoT), artificial intelligence (AR), machine learning (ML), virtual reality (VR), and augmented reality (AR), among others. These technologies together help in creating virtual worlds or metaverses in terms of Web3 terminology. The term Web 3.0 was coined by the New York Times reporter John Markoff in 2006, and he meant it to be an evolution that uses specific innovations and practices. Web3 game development is one of the most-wanted services in the virtual world due to many reasons.

Blockchains and Web 3.0

Blockchains first came out in the late-2000s, when Satoshi Nakamoto framed the code for the first-ever cryptocurrency, Bitcoin. The Bitcoin blockchain recorded transactions, which earned blockchains the name “Digital ledgers.” In the Web3 realm though, blockchains have a similar role, albeit with added responsibilities. Blockchains in Web3 has the part of hosting applications, which they have been already performing successfully for various ventures based on non-fungible tokens (NFTs) and decentralized finance (DeFi). Blockchains also have applications such as NFTs, DeFi, cryptocurrencies, decentralized autonomous organizations (DAOs), and other sub-applications based on them, in addition to the actual blockchain networks. These applications also have their role in shaping Web3 or, as the famous software engineer Tim-Berners Lee calls it, “the Semantic Web.”

What is Web3 Gaming?

Web3 gaming is where people can play games built using various facets of Web3 technology. Today’s Web3 gaming predominantly features blockchain technology and related applications such as NFTs, cryptocurrencies, and DAOs. These games are based on games and trading activities inside virtual ecosystems and, in some cases, crude forms of metaverses. Even though most Web3 games require gamers to buy in-game assets and tokens initially, they can earn a lot more by playing them. This model, which monetizes gamers’ gaming time is referred to as Play-to-Earn (P2E), which has become popular among gamers across the world.

Why is the Gaming Industry Shifting to Web 3.0?

A key factor in fuelling the gaming industry’s shift toward Web3 game development is that more users come to these platforms. Community and income generation are the main attractions.

User engagement levels are immense in Web 3.0 games, which can be attributed to the attractions mentioned above. The engagement levels are real-world, albeit in virtual worlds.

Such levels of engagement make high rates of user retention compared to Web2 games, where people leave once all levels are over. Users can rent their in-game assets.

Web3 gaming also makes it possible for gamers to earn money through various means, including playing and renting in-game assets, as mentioned above. These platforms allow passive income generation.

All the above factors mean money to game industry leaders, which has enabled them to take the road not taken by shifting to Web 3.0 amidst protests.

What are the Key Features of Web3 Gaming?

  • Converting to Web3 games from Web2 games is easy since the process includes only integrations of Web3 elements, which means traditional game models work well for Web3 gaming.
  • Web3 gaming is driven by gamers, which was previously impossible. Mechanisms, including Play-to-Earn (P2E), help players earn money for playing games, which means they can make passive income.
  • Since Web3 games are decentralized on the blockchains, the maintenance involved is minimal; hence, no downtimes. This means gaming corporations can still reap profits, although the model is gamer-driven.
  • The Web3 gaming model offers real ownership of in-game assets to gamers who spend money on them. This means they can trade these items internally and sometimes externally.
  • Web3 games mainly depend on community voting consensus to implement changes, making them impossible to be hacked from a single end, and no single point of failure exists.

What are the Technological Stacks Used in Web3 Gaming?

Web3 dApps

Web3 dApps or libraries help developers integrate Web3 elements into gaming platforms. These provide access to blockchains for developers and players through tools for in-game assets and transactions.

Smart Contracts

Smart contracts on Web3 game development execute to complete in-game transactions and serve as the epicenters of games. Developers use programming languages or special tools to develop these protocols.

Node Providers

Node or Web3 providers help users access in-game information from blockchain networks. It is impossible for Web3 dApps or libraries to interact with smart contracts without node providers.

Media Standards

Games today handle files in various formats, including high-definition audio/video, texts, and environment. This marks the need for high-class media standards to be used on Web3 dApps.

Crypto Wallets

Similar to other Web3 applications, crypto wallets in Web3 games have the role of holding crypto tokens and in-game NFTs and serve as the user’s powerhouse inside the game.

XR Hardware

With Web3 game development advancing towards newer device usage, hardware including smart glasses, haptic gloves, earbuds, and scanning sensors can help enhance the user experience, particularly for metaverse games.

Services We Provide for Web 3.0 Games

Web 3.0 Game Development

Our skilled developers can develop your gaming platform from scratch or similar to popular Web3 games through advanced programming techniques.

Web 3.0 Game Design

Our talented designers can design in-game tokens and assets with the best quality while fulfilling all your Web3 gaming requirements.

Web 3.0 Game Testing

Our experienced testers can carry out various tests on your Web3 game to eliminate all faults and make it flawless.

Web 3.0 Game Marketing

Our creative marketers can promote your Web3 game across various mediums through proven strategies to reach a wider target audience.

Web 3.0 Game Consultation

Our expert consultants can help you forge a Web3 game from your ideas on paper in the best possible way.

Converting Web 2.0 Games to Web 3.0 Games

As Web 3.0 gained traction, many Web 2.0 game corporations have taken leads to delving into the Web 3.0 realm. Since most Web 2.0 games (particularly massive multi-player games) have the necessary infrastructural support, converting to Web 3.0 would not be difficult. For starters, a Web 2.0 game can convert its in-game assets and tokens into NFTs and crypto tokens, respectively.

The market portal then becomes the in-game NFT marketplace with a few changes to ensure scarcity and facilitate secondary sales. Web 2.0 games also have thriving economies and huge gamer bases, which means they need not suffer the hard parts of developing a Web 3.0 game.

Marketplaces for Web 3.0 Games

Marketplaces for Web 3.0 games can sell in-game assets and native tokens along with the facility for secondary sales. To put it in another perspective, it should look like a popular NFT marketplace (like OpenSea) but present inside the game environment.

Since most Web 3.0 games require gamers to buy assets before playing them, these portals serve as the face of the game. In-game NFT marketplaces are also the epicenters of the in-game economies as all transactions (except in-game rewards) are completed in these portals. The development of these platforms is very similar to creating NFT marketplaces, with these serving a purpose inside Web 3.0 games.

What is a Gaming DAO?

Gaming DAOs are platforms that run based on open-sourced code vigilantly looked after by community members. These serve as sub-platforms inside games, similar to an in-game NFT marketplace. A Gaming DAO help achieve decentralization since they are not associated with a central authority, which in this case can be a game studio. Even though game studios have their share in administrating Web3 games, they need to have their community’s consent before implementing changes, irrespective of the scale. Gaming DAOs also ride on the success of the Play-to-Earn model, which helps gamers and developers earn in this case.

What are the Various Types of Gaming DAOs?

Gaming Guilds

Gaming guilds are gamers’ communities that work based on the Web3 game they are based on. These help gamers to buy digital assets through funds they had invested.

Incubators and Accelerators

These gaming DAOs work as consultation providers to game founders. They also provide funds to gaming platforms alongside technological aid. These help gaming stakeholders and investors come together.

Developers

These DAOs assist developers in working together while developing different gaming platforms. They govern the terms and conditions on which games will be created, monitored by smart contracts.

Our Marketing Services for Web3 Games

At Blockchain App Factory, we offer our clients with creative marketing solutions for Web3 gaming projects. Our marketing professionals can devise your promotional campaign by consulting with you so that you get a curated plan. We also have experience in various Web3 game marketing tactics, including conventional digital marketing and specific tactics. We ensure that your new Web3 game garners a loyal community long before your game officially launches, which can add strength to your venture. We also promote Web3 games through social media, interactive platforms, press releases, and influencers.

What are the Web3 Game Development Services We Provide?

Experts at Blockchain App Factory are adept at developing Web3 games from scratch and popular game models. Our Web3 game development is based on your needs in multiple genres, including action, adventure, racing, RPG, MMORTS, sports, fantasy sports, and simulation. We have skilled teams for front-end design, back-end development, QA testing, creative marketing, and expert consultation. Our experts can also come in handy even if you need help in any part of development. We also excel in considering customer needs as paramount and fulfilling them while ensuring all quality standards are met without fail. Talk to one of us today to start your Web3 journey with a gaming platform.

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