Web3 gaming is a new type of gaming that uses blockchain technology to create a more immersive and rewarding experience for players. In web3 games, players own their in-game assets, which can be traded or used in other games. This creates a more open and transparent gaming ecosystem, where players have more control over their gaming experience.

What is cool about Web3 Gaming and why am I writing about it on a coding website?

There are many things that are cool about web3 gaming. Here are a few of the most notable:

Ownership: In web3 games, players own their in-game assets. This means that they can trade or sell them to other players, or use them in other games. This gives players more control over their gaming experience and allows them to earn money from playing games. If you have ever wondered about the game world and got a thrill from collecting all the gold, money, crafting resources, etc. then Web3 games multiply this adrenalin hit 100 fold.

Transparency: Web3 games are built on blockchain technology, which is a transparent and secure ledger. This means that all transactions in web3 games are public and can be verified by anyone. This gives players peace of mind knowing that their in-game assets are safe and secure. Want to trade, swap, or give away that new shield or cool outfit, you can.

Interoperability: Web3 games are designed to be interoperable, which means that in-game assets can be used in other games. This creates a more open and connected gaming ecosystem where players can take their assets with them wherever they go.

But actually, there is an even bigger, more urgent reason than any of these and it is less to do with gaming specifically and more to do with society, culture, and, unfortunately, global politics. I won’t bother you with it until the end of the article.

The problem with Web3 gaming

Actually, there are quite a few. First, there is not a single game that fully realizes the vision I outlined above. Second, the games which are closest to the vision like some of the Gala Games titles, Illuvium, or The Sandbox are all, without exception, overpriced. My best prediction for a web3 game that can go mainstream and please everybody – but still isn’t done yet – is Off the Grid from Gunzilla.

Third, I think Web3 is a stupid name. Web3 doesn’t just refer to games, it refers to the wider crypto economy. As, currently, most of the applications of this economy are interacted with through websites, the name has stuck. I think that a truly decentralized crypto economy including games will be better when we are downloading native to the OS apps from decentralized storage. I am working on such a game myself but I am not ready to share the details.

Fourth, even if the cost of entry is not a barrier to you, it is a significant learning curve to understand all the bits of crypto infrastructure like wallets, exchanges, tokens, and NFTs required to get started.

Finally, there has been no end of scams and just downright crappy games that have given the haters more ammunition.

You might be thinking that web3 gaming is doomed. I actually believe that the use case is so compelling that all these problems can be overcome but it would take a whole book to explain why. If you are keen to find out more, check out my crypto tutorials for beginners. If not, just sit back and wait for the revolution or, better, learn to code web3 games with my new Solidity tutorials. On to the haters.

Why do existing game developers and game media not like Web3 Gaming?

There are a few reasons why existing game developers and game media may not like web3 gaming. Here are a few of the most notable:

Competition: Web3 gaming is a new and disruptive technology that could pose a threat to the existing gaming industry. This is because web3 games offer a more immersive and rewarding experience for players, which could lead to players abandoning traditional games in favor of web3 games.

Complexity: Web3 gaming is a complex technology that can be difficult to understand for both developers and players. This could make it difficult for developers to create web3 games, and for players to understand how to play them.

Regulation: Web3 gaming is a new and emerging industry, which means that there is a lack of regulation. This could make it difficult for developers and players to know what is and is not allowed in web3 games.

Web3 gaming is a new and exciting technology that has the potential to revolutionize the gaming industry. However, there are still a number of challenges that need to be addressed before web3 gaming can become mainstream. These challenges include the need for more developers to understand and adopt web3 technology, the need for more players to understand how to play web3 games, and the need for more regulation in the web3 gaming industry. Despite these challenges, the potential of web3 gaming is undeniable. With its focus on ownership, transparency, and interoperability, web3 gaming has the potential to create a more immersive, rewarding, and open gaming ecosystem for players.

why has web3 gaming been slow to take off

There are a number of reasons why web3 gaming has been slow to take off. Here are a few of the most notable:

High entry barrier: Web3 games require players to have a cryptocurrency wallet and to understand how to use it. This can be a barrier to entry for many players, especially those who are not familiar with cryptocurrency.

Lack of high-quality games: There are a number of web3 games available, but many of them are not very good. This has made it difficult for web3 gaming to attract a large number of players.
Concerns about security and scams: There have been a number of scams and security issues associated with web3 gaming. This has made some players hesitant to participate in web3 gaming.

Regulation: The web3 gaming industry is still in its early stages, and there is a lack of regulation. This has made it difficult for developers and investors to know what is and is not allowed in web3 gaming.

Despite these challenges, the potential of web3 gaming is undeniable. With its focus on ownership, transparency, and interoperability, web3 gaming has the potential to create a more immersive, rewarding, and open gaming ecosystem for players. As the web3 gaming industry matures and these challenges are addressed, web3 gaming is poised to take off.

Here are some of the things that can be done to help web3 gaming take off

More developers need to create high-quality web3 games: There are a number of web3 games available, but many of them are not very good. This has made it difficult for web3 gaming to attract a large number of players. More developers need to create high-quality web3 games that are fun to play and that offer players a compelling experience.

The web3 gaming industry needs to address concerns about security and scams: There have been a number of scams and security issues associated with web3 gaming. This has made some players hesitant to participate in web3 gaming. The web3 gaming industry needs to address these concerns and take steps to ensure that players’ assets are safe.

The web3 gaming industry needs to be regulated: The web3 gaming industry is still in its early stages, and there is a lack of regulation. This has made it difficult for developers and investors to know what is and is not allowed in web3 gaming. The web3 gaming industry needs to be regulated in a way that is fair to both developers and players.

If these things can be done, web3 gaming is poised to take off. With its focus on ownership, transparency, and interoperability, web3 gaming has the potential to create a more immersive, rewarding, and open gaming ecosystem for players.

Examples and short descriptions of web3 games and platforms

Axie Infinity: Axie Infinity is a Pokemon-inspired game where players can collect, breed, and battle Axies, which are digital pets. Axies are non-fungible tokens (NFTs), which means that they are unique and can be traded or sold. Players can earn rewards in the form of Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) by playing the game.

The Sandbox: The Sandbox is a virtual world where players can create, own, and monetize their own gaming experiences. The Sandbox uses the Ethereum blockchain to power its economy, which means that players can buy, sell, and trade in-game assets using cryptocurrency.

Decentraland: Decentraland is another virtual world that uses the Ethereum blockchain. Decentraland is a 3D world where players can explore, build, and interact with each other. Players can buy land in Decentraland, which they can then use to create their own games, experiences, and businesses.

Gods Unchained: Gods Unchained is a collectible card game where players can collect, trade, and battle cards. Gods Unchained uses the Immutable X blockchain, which is a layer-2 scaling solution for Ethereum. This means that players can trade battle cards without having to pay high gas fees.

Alien Worlds: Alien Worlds is a play-to-earn game where players can mine Trilium (TLM), the native token of the game. TLM can be used to buy land, upgrade tools, and participate in governance. Alien Worlds is one of the most popular web3 games, with over 1 million registered players.

These are just a few examples of the many web3 games and platforms that are available. Most of them are mediocre in their current sate but some of them are evolving rapidly. As the web3 gaming industry continues to grow, we can expect to see even more innovative and exciting games being developed.

Summary

The WEF is coming for gaming make no mistake! They want to sanitize player interactions by promoting victimhood amongst certain demographics of gamers and once gamers have been pacified the advertisers will move in and a rental/advertising model for all consoles and eventually PCs through Windows 11 will ensue. You will own nothing and be happy. Web3 or whatever we end up calling it is the best chance we have of beating this dystopian future.