Source: news.google.com
The most popular buzzword on the market, Web3.0, has been coined as the latest “evolution” of the Internet that will completely change the gaming universe. To be precise, all the new age gaming platforms and operators are moving towards adopting Virtual Reality (VR) and Augmented Reality (AR) as the norm to introduce an immersive gaming experience for players and users. And this isn’t just for those who are into the world of esports or fantasy gaming. The future of the Internet is designed to revolutionize the design and economics of games, with a specific focus on the purpose of games.
The Web3.0 landscape helps the user not only to receive from the Internet, but also to interact with it. In this new era, a gamer not only considers gaming as a means of entertainment or recreation, but as a means of engagement and even income. In a nutshell, Web3.0 brings the concept of blockchain, cryptocurrencies and NFTs into the mainstream, expanding the horizon of game currency and other in-app purchases and assets beyond the confines of the game.
A new era begins now!
Heralding the transition to a new era of gaming, Web3.0 is a stepping stone from the free-to-play entertainment model to the play-to-earn (P2E) entertainment model, opening up the possibilities of monetizing the gaming industry. like never before. . Every asset you own, from the device you use to play the game to an in-game product, can all be bought or sold; both in and out of the game. Because of this, a new gaming ecosystem is on the cards, where all market transactions will be done through electronic payment gateways, leading to an economy that is digital in every sense of the word.
Beyond this, the gaming network is expected to see comprehensive consolidation as well. Each individual who participates in the trading of game assets will also participate in interactions outside of the game reality. With this, various conversations and communities will transcend into the organic world which is anticipated to increase the growth of the industry given a whole new dimension of operations.
But what is the appeal?
Venturing into the future, no matter how exciting, will also bring a lot of inhibitions. However, the impact of Web3.0 is being welcomed with open arms by the gaming industry and this unusual response is based on the appeal of this cutting-edge technology.
Of the many disruptions and use cases that Web3.0 games will offer, the most compelling is the self-contained nature of the system. The future of gaming because of Web3.0 is dispersed and democratized, which can be operated with little to no interference from a parent body. This not only improves the openness and accessibility of the interface for the user, but also decreases the dependency on a single server.
And that’s not the end. A decentralized gaming ecosystem is in favor of offering a personalized experience to players. To translate, a player can now customize their interaction with the game and their incentives, which blends in with any other features or updates that already exist or are coming.
Also take note of the metaverse cloud that comes with Web3.0 for physical views of reality that is on the brink of change. While the notion is still very new, the metaverse is sure to redefine the fundamentals of fantasy gaming and esports. Players can not only customize or interact with virtual worlds, but also become a part of them through their avatars, own assets, and create their own world.
The future of business
Amid this paradigm shift, Web3.0 will also change the way people play games. While this is not a change unique to Web3.0 as the world has already seen the movement of gamers from gaming consoles to PCs, a whole new generation of gamers will be born due to the availability of Web3.0 technologies on phones. smart.
Once the user is hooked, the gaming industry can also systematize the subscription model to play. Similar to music and OTT apps, a pay-as-you-go model for game consoles, controllers, streaming platforms, and community memberships, which is already available, can be better shaped. In terms of conversions, it will surely improve consumer engagement by a score.
Bottom line
Web3.0 technologies are a tool that promises the development of a new world, building, empowering and significantly providing a new industry. This is the beginning of endless possibilities and space, app mods, and technological advancements. In other words, Web3.0 is an integrated network that will bring different stakeholders together on a single line and enable interactions with such seamless efficiency that it will blur the line between digital and reality.
Disclaimer
The opinions expressed above are those of the author.
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