Technology advancement has revolutionized the gaming industry over the last few years. And now with the rise of Web3, NFTs, and blockchain technology, we have witnessed the rise of play-to-earn that took the world by storm, as players all around the globe flood into the scene to earn income as a player. Not long after, we also see the development of scholarships, guilds that further simplifies the entry to P2E games for players. So why is P2E so attractive?
Read on to learn why!
Ownership Centricity
The majority of Web3 games are based on blockchain technology. This means you’re bound to get the ownership of your assets even after the sale as it links them to players, not games.
Besides that, the Web3 gaming industry also protects investments and ensures fair play in gaming environments where developers can’t easily take advantage of exploiting user’s card information since all transactions are transparent and built within blockchain-based systems.
Opportunity to earn income
Web3 gaming is also a legitimate way to earn income, in fact we are witnessing a definite merging between work and leisure when it comes to Web3 gaming.
The concept behind play-to-earn games is simple: players collect cryptocurrencies or NFTs produced in the blockchain-based game. This allows players to generate income by selling in-game NFTs or earning cryptocurrency rewards, both of which can be exchanged for fiat cash.
Ease of modification
Modifying games on Web 2.0 was a challenging task as they usually meant undermining specific terms and services which resulted in their creators being reluctant to do so – sometimes even prohibited.
Fast forward to the Web3 era, which encourages freedom and open space when it comes to modifying the game. The needs of the players are prioritized when it comes to Web3 gaming, hence they are allowed to introduce changes in the game where they see fit.
Interoperability
The growing importance of mobility and connectivity makes interoperability vital. Our digital identity or rather how we express ourselves online like shifting our avatars with us from games to games depends on an interoperable framework.
Interoperability is vital and Web3 games have been working in the same direction, enabling gamers to switch their digital assets easily in the form of NFTs, allowing interactive communications between numerous games and even outside applications.
Opportunity to be an early influencer
If you’re not already familiar with the term “Web3 gaming influencer”, then now’s the time to add it to your dictionary. Gamers who adopt Web3 early enjoy a wide range of advantages over their later counterparts.
Web3 games are opening up opportunities for gamers to not only create an impact and leave their legacy to future players in the new space but also the potential to earn and network with everyone including influencers, creators, developers, other players, and more.
It’s only just the beginning..
It’s still early days for the world of Web3 gaming. And with the NEAR ecosystem only a year old, this is especially true when we see P2E games rise and fall very quickly. Yet, much excitement awaits gamers and crypto’s early adopters. As the world moves toward mass adoption, we will see more innovation in the scene, especially sustainability of web3 gaming. We are already seeing the shift from Play-to-earn, heading to play-to-own which is another topic we will dive into another day!
