What is a Web3 Game?
Web3 Game is a decentralized game developed by Best blockchain development company in Tamil Nadu, which runs with the help of smart contracts. The Web3 game is entirely built over the decentralized network.
It makes a profit for the players and the gaming industry by using gaming assets and decision-making strategies. The gaming provides a virtual marketplace, and the players can buy the game using digital assets. The digital assets can be in the form of NFTs. It makes the gaming industry completely transitional by different gaming experiences and from pay to play to play to earn.
Why to choose Web3 Gaming?
In traditional gaming, the players can purchase and use the assets within the gaming platform. It is only worth using it in the game. There is no option to make money while the users only purchase the license of such Games.
Web3 gaming is a decentralized platform that offers rewards as digital assets that can be transacted through several other platforms. Web3 gaming can be developed by integrating web3 components such as smart contracts, VR, AI, etc.
The Benefits of web3 Gaming are as follows.
Web3 games provide a new gaming experience by allowing players to earn from the platform.
These platforms use NFTs, cryptocurrencies, etc., as digital assets for transactions and governance.
The players can get options to sell their in-game assets and cashable incentives if necessary. He can own tokens, NFTs, or any other form of digital assets for completing each task.
Web3 gaming also has some disadvantages, as follows
Gaming administrators failed to protect the user’s data from hackers. The player’s assets can be hazardous due to data loss, fraud, and theft.
Anybody on the platform can sell the users’ assets related to the game.
Statistics of the Web3 gaming market
- Most of the web3 gaming market adds new concepts to the gameplay.
- There are over $739 million in gains from the web3 gaming projects in the first quarter of 2023.
- Polygon has an average of 122,307 daily unique active wallets in the first quarter of 2023. Polygon acts as the most preferred blockchain in the early 2023.
- There is around 49% of blockchain activities are related to gaming industries.
- Approximately $2.5 billion was invested in web3 games.
Components of Web3 games
Web3 libraries
Web3 components have been raised over the recent years, which are used as both frameworks and libraries.
Smart contracts
The players can customize the voting and decision-making process governed by smart contracts. The smart contracts can be written, compiled, and deployed by most of the web3 game application process.
Web3 Nodes
It is the smart contract’s main component, which helps transact the data over the decentralized network.
Digital Wallets
Digital wallets are one of the main components used to store the digital asset and gamin materials.
Extended reality
The Extended reality(smart glasses, haptic gloves, XR technology, and scanning sensors) is the significant component that connects the gaming ecosystem for a rich and exciting gaming experience.
Web3 Game Development services offered by Biovus
Web3 Play to Earn Game Development
Biovus offers Web3 Play to earn games as the ready source of revenues in the crypto areas. Users can earn rewards as digital assets by playing the safest games.
Web3 Metaverse Game Development
Biovus acts as the web3.0 metaverse game development enterprise, providing groundbreaking metaverse game development solutions with web3 trademarks.
Web3 NFT Game Development
Web3 NFT gaming provides reliable virtual markets where the players can experience realistic surroundings. It provides easier access and ownership of the NFTs, which can be stored in further battles.
Visit us at: www.biovustechnologies.com
