The gaming experience has evolved significantly since the beginning. Graphics are more realistic, resolutions are greater, games run more smoothly due to increased processing power, and there is always something new to experience, whether it’s a new VR set or playing in open areas where you can interact with other players. While the gaming experience has definitely and continuously improved, some of the fundamental ideas that drive the gaming industry remain the same. As the Web3 gaming platform prepares for its strongest market run yet, the industry is developing playbooks and best practices.
But how does Web3 gaming differ from Web2 gaming? In this post, you’ll discover all you need to know about web3 gaming and marketing techniques. Let’s get started.
What is Web 2 gaming, and why does it need to improve its game?
For the last two decades, Web2 gaming was all we knew.
Web2 gaming refers to conventional online gaming experiences that are based on Web2 technology and employ a centralized approach to game creation and revenue.
Web2 games run on centralized gaming servers, which keep all in-game data in one location. The primary characteristics of Web2 gaming include centralized platforms, closed ecosystems, and restricted player ownership.
Web2 gaming businesses are mostly industry heavyweights such as Electronic Arts (EA), Activision Blizzard, Ubisoft, Nintendo, and Microsoft Xbox Game Studios, which have created some of the most successful titles in gaming history. Fortnite, Minecraft, League of Legends, Dota, and Call of Duty are just a few of the evergreen games that have topped the popularity charts.
What are some of the challenges that web2 gaming faces?
There’s no doubt that Web2 games have provided us with endless hours of entertainment and valuable time, but all good things can always be enhanced.
Here are some of the Web2-gaming trouble points:
Centralized control over the game’s economy
When a game is hosted on a centralized server managed by the gaming firm, it is responsible for all user data, game content, and server maintenance.
Ownership of game assets
In centralized Web2 games, users do not control their digital assets (skins, characters, weapons, accounts, real estate, etc.). Instead, the gaming firm controls all of the in-game assets.
Monetization via in-app purchases
Gaming firms have been extensively attacked for their in-app purchases, which are perceived as predatory, pushing you to spend more than you can afford.
Risk of security breaches
Centralized servers are more susceptible to security breaches. This exposes in-game assets and player data to loss, theft, fraud, and other forms of exploitation.
Pay-to-play
Pay-to-play is the conventional gameplay paradigm in Web2 games, in which the user must pay to gain access to the game, either through a first purchase or a subscription.
What is Web3 Gaming?
The purpose of Web3 gaming is to provide a more engaging, gratifying, and transparent gaming experience, shifting authority from the game corporation to the user. Web3 games are video games that use blockchain technology and include decentralized concepts into the gameplay, economics, and game dynamics. This is why you may come across terms like blockchain games or decentralized games.
While not as famous as Web2 game classics, prominent Web3 games include CoinFantasy, Axie Infinity, Decentraland, Crypto Kitties, Sorare, Lost Relics, and Gods Unchained.
Read also: Web2 vs. Web3 – A Great Gamer’s Guide (Explained)
How can Web3 gaming improve the Web2 games?
Web2 games walked, which means Web3 games may now run.
More than just better graphics, faster processing power, and other basic enhancements, Web3 games improve on the present Web2 gaming experience. Nonetheless, web3 games take gaming to new heights, allowing users to engage with games in whole new ways.
Equally important that, web3 gaming uses revolutionary blockchain technology to address some of the most urgent concerns in Web2 gaming caused by centralization.
Decentralization concepts and blockchain technology:
By combining decentralization principles with blockchain technology to store in-game assets, transactions, and other game-related data as tokens on the blockchain, control is moved from a central authority to the players.
Increased security, transparency, and privacy:
Web3 games employ decentralized hosting and storage, which are more stable, safe, and transparent than centralized servers, which have a single point of failure. Developers can use blockchain technology to assure the fairness of in-game features in games of chance.
Play-to-earn:
Web3 gaming uses the play-to-earn model instead of traditional pay-to-play, allowing users to earn bitcoin or in-game assets just by playing games.
True ownership of in-game assets:
With blockchain technology, players obtain genuine ownership of their in-game assets, which they can then purchase, sell, trade, or use across various games or platforms.
Decision-making:
Player empowerment gives players additional influence over their gaming experience. Such as the option to decide on asset ownership, trade, and involvement in in-game government.
Interoperability:
Some Web3 in-game assets or characters acquired in one game can be reused or transferred to other games. Some Web3 in-game assets have real-world worth, so users may exchange them in secondary marketplaces.
Key differences between Web2 and Web3 gaming
Let’s summarize the key distinctions between Web2 and Web3 gaming.
Web2 gaming, which remains popular, provides the classic gaming experience. In addition, the gaming corporation reigns supreme, exerting centralized control over all areas of gaming, including in-game assets, economy, infrastructure, and monetization. Security breaches could target the in-game material and infrastructure housed on a centralized server.
Web3 gaming introduces a whole new approach for players to connect with games by combining decentralization principles with blockchain technology. Gone are the days when gaming firms were the exclusive writers of game rules.
Web3 gaming puts the power in the hands of the players. Moreover, by introducing actual ownership of in-game assets and content, decentralized gameplay, and play-to-earn options.
Web3 games represent the future of gaming, emphasizing player empowerment and transparency, improved security and privacy, fairness, and user-driven economy.
Web 2.0: Market Growth Statistics
The expansion of Web 2.0 has had a significant influence on the worldwide data center sector. In 2021, the market was valued at USD 2.04 billion, and it is expected to grow, reaching USD 2.40 billion by 2029. This expansion is due to the growing need for dynamic and interactive web applications and services, which define Web 2.0. As more organizations rely on web-based platforms for communication, collaboration, and data storage, the demand for reliable data centers has grown. This trend will likely continue, with a consistent CAGR of 2.05% from 2022 to 2029.
Web 3.0: Market Growth Statistics
Web 3.0 is seeing phenomenal development, with the worldwide market increasing rapidly. It grew to USD 2.2 billion in 2022, but the future estimates are much more impressive. By 2032, the Web 3.0 industry is predicted to reach USD 81.9 billion, representing a startling compound annual growth rate (CAGR) of 44.5%. This exponential rise highlights the transformational potential of Web 3.0 technologies. This promise to redefine how we interact with the internet, handle data, and do business over the next decade.
The present condition of Web3 games
Despite a huge play-to-earn growth, Web3 games remain far less popular than Web2 games. However, this just means there is more than enough space for expansion.
Perhaps one of the things holding people back is the concern of whether we can fully trust these new technologies. The honest answer is that it relies on the amount of decentralization and security of the blockchain in the game. However, as experience has demonstrated, we cannot entirely trust standard Web2 gaming technologies, right?
Web3 gaming is gaining traction as the emphasis moves to play-to-earn, combining entertainment with long-term in-game benefits.
Did you know? Currently, AI is a significant trend in the tech industry. As a result, CoinFantasy has integrated AI into its platform. Here are more details about AI transformation in web3 gaming, click here.
Conclusion
The transition from Web2 to Web3 gaming is just beginning, but it’s already showing promise in revolutionizing how we play and interact with games. With the rise of crypto gaming and NFT games, players are gaining unprecedented control and ownership over their digital experiences.
As we move forward, the line between Web2 and Web3 will continue to blur, offering exciting new opportunities for both players and developers. Whether you’re a casual gamer or a seasoned enthusiast, the world of Web3 gaming is one to watch, as it promises to unlock new levels of creativity, engagement, and potential.
As Web2 gaming evolves, new eras of gaming are emerging with players at the center of action. Embrace the change and get ready to explore the exciting possibilities of Web3 gaming.
Also read: AI in Web3 Gaming: How Much Security Can It Really Provide?
Frequently Asked Questions
1. What are the main distinctions between Web2 and Web3 gaming platforms?
Web2 uses centralized data storage handled by service providers, whereas Web3 promotes decentralization via blockchain technology. This move gives individuals more control over their data and prevents a single entity from wielding too much influence.
2. How are Web3 apps different from their Web2 counterparts?
In contrast to Web2, which uses centralized servers, Web3 apps operate on blockchain technology or decentralized networks. The apps provide consumers more control over their data. And, often employ web 3 game token economics, which directly engages users in the platform’s governance and incentive systems.
3. What impact does Web3 have on the future of gaming compared to Web2?
In gaming, Web3 introduces additional levels of ownership and economic engagement via NFTs and cryptocurrencies. This allowing users to own in-game assets and possibly generate revenue, as contrasted to Web2 games, in which game developers retain a considerable amount of control and profits.
4. Will Web3 replace Web2?
Web3 should eventually be able to replace Web2 once it can offer all of the capabilities it promises. While maintaining the simplicity of use and widespread acceptance that Web2 has enjoyed in recent years.
