Web3 Game Development: The Next Generation Creator Economy

web3 games

Web 3.0 is not only thought to be the next significant advancement in internet technology, but it will also be game-changing if it succeeds in making game development more accessible to talented developers. Its inclusion in game development will be a game-changer for two reasons. For starters, it will advance the storylines, aesthetics, and opportunities in games, which are becoming increasingly sophisticated over time.

What Exactly is Web3 Gaming?

To put it another way, Web3 games are those that are powered by blockchain. Because a blockchain is decentralized, all activities of the gaming platform, from asset creation to ownership, are controlled by the participants rather than a centralized body.

In 2021, the web3 game development services sector raised more than $3.3 billion for ecosystem development. Many game-developing companies expected the web3 gaming industry is at a good level in upcoming years. As the scale of investment and the number of Web3 players grew, we saw some gaming-specific blockchains emerge on the market:

Sky Mavis created Ronin Blockchain to avoid the high gas fees imposed by its extremely popular game Axie Infinity, which was running on the Ethereum blockchain.

Immutable X – The Web3 game development platform is a scaling solution for Ethereum. It allows for 9,000 transactions per second, near-instant transactions, and zero gas fees for games built on it.

As a web3 development company, we believe that blockchains such as WAX, Polygon, Harmony, and Hive are ideal for Web3 game development.

Did You Know There Are Various Types of Web3 Games?

According to a recent study, Generation Z and millennials spend more than 7 hours per week gaming. Web3 gaming has been instrumental in allowing players to monetize their time. In fact, Web3 games have contributed to the GDP of countries such as Korea and the Philippines because they have become a source of income for many players.

Free-to-Play Video Games:

Free-to-play blockchain games are becoming increasingly popular. This is due to the fact that there are no upfront costs associated with playing these games.

Every year, 10-15% more people enter the gaming industry. These free-to-play Web 3.0 games allow them to hone their skills before venturing into the play-to-earn space. Furthermore, Web 3.0 players appreciate the fact that the in-game assets they unlock during gameplay are theirs and are censorship resistant.

Play to Earn Games:

Play-to-earn games, as the name implies, allow players to monetize the time they spend playing the games. In exchange for their time, players receive game-specific fungible and non-fungible cryptocurrency tokens.

Antier, a web3.0 game development company, creates various gameplays that players can use to earn money. The player can earn money by winning battles against opponents, staking land or other in-game assets, or creating and selling an in-game asset or more.

Web3 Gaming’s Technology Stack:

A Web3.0 game is quite different from regular game development in terms of technology and must be carried out only by an experienced Web3 game development company because it involves a creator economy and financial transactions. Web3 gaming’s four most important and core technological components are:

Apps that are Decentralized (dApps):

A game decentralised application is a tool that uses Web 3.0 libraries to connect gamers and game developers to the blockchain. dApps are the interfaces on which gamers play and are created with Unity or Unreal SDKs.

They essentially facilitate the exchange of in-game assets and smart contract transactions.

About Smart Contracts:

Smart contracts allow game developers to customize games and use in-game assets based on the needs of the players. These are set up to monitor and govern game processes as well as the economy.

Nodes on the Blockchain:

The gaming information is stored on the blockchain network when a Web 3.0 game is developed and released. Nodes assist in extracting gaming information and delivering it to Web3 libraries. This allows Web3 libraries and smart contracts to interact to enable actual gameplay.

Virtual Wallets:

A digital wallet is always associated with a Web3 gaming platform or a dApp. This wallet identifies each player and allows them to securely collect in-game tokens or assets.

Closing Remarks

You’ve just learned a lot about Web3 game development. However, you are still unsure of what you should build or have an idea that requires highly skilled development effort. Those who are familiar with the buzz surrounding web3 can simply predict that decentralized gaming will become more realistic, collaborative, and connected than ever before.