Web3 is a relatively new technology that has garnered attention in the developers market place. The technology is set to succeed web2.0 which is being phased out to provide a more robust, secure and efficient platform over which the next generation applications are being developed. As companies are in a race to adopt web3 and the technologies in offers, web2.0 is still in use even as web3 offers solutions to integrate more modern technologies with its predecessor.
Among the new trends is web3 gaming which leverages on decentralized technologies especially blockchain game development to provide secure, efficient, transparent and immutable experiences while at the same time rewarding players with royalties in the form of digital assets within the game and other electronic collectibles and in the process earning these players money through the trading of these assets with the help of NFTs, yet another technology made possible by web3.
This in turn offers gamers the ability to control their own digital assets away from a central governing authority, hence the term decentralized gaming, and generate their own in-game economies with far much greater trust and security levels than in web2.0.
Web3 also offers game developers a new avenue to revolutionize games by creating digital assets within games whose records are publicly available in a decentralized ledger that is immutable, therefore enhancing security and trust as opposed to the same in web2.0. The blockchain also ensures privacy by enforcing anonymity on the gaming platforms.
Gaming on web3 offers several advantages to both gamers and developers of decentralized games. For a start, web3 offers decentralization which removes any central governing body therefore providing equal rights for all participants.
Seconds it offers Decentralized Autonomous Organizations which are systems controlled by program code to eliminate the human influence factor.
Web3 also brings with it virtualizations. These virtualization technology is majorly used by companies in the sports sector to roll out virtual variations of their games while at the same earn from them by creating NFTs that can be traded on the crypto networks for instance virtualizations of premier leagues around the world could generate lots of wealth.
Web3 also ensures transparency and information openness. This is majorly because blockchain based systems make use of decentralized ledgers that are immutable and hosted on very many nodes for anyone within the network to see.
Finally web3 has an improved reward system that is impervious to fraud. This means that every asset obtained by either gamers or developers has been earned and its value can be correctly evaluated by other users.
That being said, web3 gaming is still gaming popularity in the crypto market and has potential of changing lives and unifying the play field, literally.
