By juegoadmin | Uncategorized | October 7th, 2022

How can Web 3.0 Bring Changes to the Gaming Industry?

The gaming industry has witnessed a plethora of advancements in terms of technology and its implementation. Considering the games that used to be developed at least a decade ago and the ones launched now, the differences are significant and huge. The transformation of 2D to 3D, including virtual and augmented reality, using metaphors as the platform for game development, involvement of digital currency and NFT, web 3.0 gaming and so on, are some technological revolutions in the gaming industry.

The latest trend that most companies are trying to tap into is web 3.0. Although the existence of web 3.0 is full of speculations, developers have already started to design and develop innovative gaming plans that will be compatible with this new web version. The major concepts used are metaverse, virtual lands, digitized tokens, AR and VR, and NFT development.

What is web 3.0?

The Internet you are using as of now is known as web 2 or Web 2.0. It mainly focuses on communication between different users and the availability of datasets to both users and businesses. The next version of the Internet is supposedly known as web 3.0. It will soon replace the concept of centralization and establish decentralization to ensure no single entity can play the game of monopoly in the world of the Internet.

For example, unlike the web2 centralized servers, web3 servers will be decentralized or scattered across the Internet at different locations over the planet. There will be no intermediary element to facilitate communication between the user and the Internet.

One of the best examples of understanding web 3.0 is financial transactions. Considering the present scenario, when a user tries to make a payment for any shopping website, they get directed to a third-party website which is also the payment gateway controlled by the bank. In this case, the bank acts as the intermediary platform between the user and the ecommerce business. However, in web 3.0, payments can be made directly to the business without the involvement of any banking payment page.

Relationship between Web 3.0 and the gaming industry

Metaverse, NFT, virtual and augmented reality, artificial intelligence, digital currency, and so on are some of the major technologies that have contributed to the advancements in the gaming industry. Web 3.0 has changed the gaming concept, allowing developers to develop innovative and futuristic games based on web3 game development technologies mentioned above. This new version of the Internet has paved the way for incorporating disruptive technologies in the gaming industry without putting too much at stake.

To understand the relationship between the gaming industry and web 3.0, it is better to understand how these two different entities communicate with each other.

Ownership

Web 3.0 will help developers implement NFTs or non fungible tokens to establish sole ownership. It means that whatever purchases the user will make will belong to him solely and even if we leave the game, he won’t have to sell those items or lose them automatically. One of the best ways web 3.0 can implement ownership is through virtual lands. Since the Internet will encompass the metaverse, gamers will have the independence to buy lands or plots using NFT and use the same mine, craft, and do any other activity related to the concerned game.

Virtual avatars

Another way in which web 3.0 can revolutionize the gaming industry is the introduction of virtual avatars. These 3D avatars will represent the users in the virtual world of the metaverse, giving them sole control over everything. For example, when the avatar is engaged in a fight inside the game, it will be the user who will attack or defend in the virtual world. Using the avatar, gamers can explore and reveal many secrets or treasures stored at different game levels.

User-centric

Without a doubt, web 3.0 will make the gaming industry user-centric. Whatever features or components will be added to the game will base on what the customers want. For example, incorporating blockchain or smart contracts in the game will help gamers make enough purchases using digital currencies through web 3.0. This will improve the communication or interaction between gamers and enhance the overall gaming experience.

Democracy in games

As explained earlier, web 3.0 is based on decentralization or eliminating any single entity holding the supreme power or monopoly in the market. The control will be given to multiple gaming industry users based on their market contribution. As a result, developers won’t have to abide by the strict rules and regulations of the centralized market and create or develop gaming components democratically.

Diversity and inclusion

Many games are banned in certain countries due to legal compliances, jurisdictional issues, and so on. For example, any game related to gambling is banned in many states across Canada and the United States of America. This is because the games are developed for Web 2.0, where centralization plays the monopoly role. As a result, people cannot access these games, no matter what rate they use.

However, if we consider 3.0 for gaming, users worldwide will have the chance to play the game without anybody about legal complications. This is solely because of that decentralized platform where no legal entity can establish rules and regulations or restrain the players from accessing the gaming platform.

What technologies will help transform the gaming industry for Web 3.0?

Implementing web 3.0 in the gaming industry cannot be done until and unless the companies incorporate a certain set of technologies. These are not the traditional tech stack. Instead, these are disruptive technologies, based on virtual reality, machine intelligence, robotics, automation, metaverse, digital currencies, and so on. The following section will introduce you to the major components that a game needs to have to access the pool of web 3.0.

NFT or non fungible tokens will become one of the most significant elements of web 3.0 games. These tokens will give the gamers sole certificate of ownership of any entity on the Internet. It can be a virtual land, and in approaches, a physical asset in the virtual reality world, and so on.

Blockchain

With blockchain game developers can increase their transparency and reliability between gamers and gaming companies. In addition, blockchain is based on the concept of decentralization that will further bring users from worldwide close to each other. The lack of restrictions or restraints will take the gaming experience to another level, allowing everyone to participate in the game without legal complications.

Digital tokens

Digital tokens or cryptocurrencies will also play a crucial role in transforming the gaming industry according to the protocols of web 3.0. Instead of making payments through centralized currencies where the bank acts as the intermediary entity, gamers can now process the transactions without any regulating body. It means that while making enough purchases, gamers can directly proceed with the payment from their digital wallet using any form of cryptocurrency without the involvement of a third-party entity.

Virtual reality

Last but not least, virtual reality is another component that can shape the gaming industry’s future and help developers use the aspects of web 3.0 to come up with innovative gaming solutions. In this case, users can have their personalized 3D avatars in the metaverse, with which they can explore more land of the game, shop for different things, get involved in agricultural activities and farming, and so on.

Conclusion

Since we have established the relationship between web 3.0 and the gaming industry, it’s evident how futuristic games will differ from those played today. Gamers will not only have unlimited or unrestricted access to digital tokens, 3D avatars, and other components, but they can also interact with each other in the virtual world.

About Juego Studios

Juego Studios is a gaming company that helps brands develop high-octane gaming solutions. The company is all about the experience, resources, and innovation. Juego Studios has everything that a modern gaming studio requires, including the use of technology. The experts at the studio have the experience and resources to create innovative gaming solutions for brands.

The studio offers a variety of services, including game development services, game design, and game testing. The team at Juego Studios is dedicated to providing the best possible gaming experience for their clients. To know more about the services, you can visit their website.