Web3 games offer some unique features such as greater transparency and greater control not possible with traditional centralized gaming platforms.
First, Web3 games offer a high degree of transparency. This is because peer hosting ensures that all information is available to players without a centralized third party restricting or hiding access. These games are easily accessible for gamers. Buying cryptocurrencies, setting up a wallet and starting to play is easy even for non-technical users.
Another key benefit of blockchain-based games is that they allow players to own and control more of their in-game assets such as virtual lands, currencies, and characters. Web3 technology allows players to truly own and trade their digital assets — which can have real value — giving them greater control over their gaming experience.
Web3 games create a revolutionary in-game economy, rewarding players for their gaming skills while opening up new ways to monetize. For example, P2E games allow players to earn income while playing, earning real money for in-game achievements such as completing quests. This allows us to create a more resilient and reliable ecosystem for our players and developers.
Web3 games also ensure interoperability between different games and platforms. Players can use assets in different contexts and settings and easily transfer or exchange them between different games.
Web3 game developers demonstrate how the new gaming ecosystem thrives on personalized player experiences, prioritizing immersive and engaging gaming processes with the best incentives for players. The P2E model is a big motivator for many gamers, and games are often designed with the player in mind.
Blockchain provides a way to track the provenance of digital assets. This means that developers and players can easily track the ownership and transaction history of specific assets, making the game economy more transparent.
Web3 games allow for digital scarcity. This means that in-game assets can be unique, rare, and valuable. In a traditional gaming environment this is difficult to achieve. Developers can print more copies of rare items or give them to players as rewards. This can lead to inflation.
Web3 allows game developers to avoid in-game items being scarce and inflationary pressure. Items are stored on the blockchain and cannot be duplicated or tampered with.