Web3 is being hailed by many as the new and improved version of the internet, built on blockchain technology, and Web3 gaming represents a colossal transformation in the gaming industry, which is also built on the innovative foundation of blockchain technology.

Let’s dive straight in and take a closer look at gaming in the Web3 landscape and why it is helping to shape the future of the industry like never before.

What is Web3 Gaming?

Web3 gaming is essentially a distributed process built on the foundations of blockchain technology. It is designed to make hacking games impossible because there is no single point of failure.

In Web3 games, players can physically own their in-game assets, thanks to the implementation of a decentralised, blockchain-powered web feature known as NFTs (non-fungible or fungible tokens) and smart contracts.

Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) that can be used to purchase in-game items also operate within this web3 space, and both blockchain networks and cryptos are now a major part of the gaming industry.

An easier way of looking at it is to think about Web1 as having more to do with reading static web pages, whereas Web2 is more about interacting with those pages via likes, shares, and comments.

The main difference with Web 3 is that it’s decentralised and is a huge leap forward. It’s reshaping how we interact online, all thanks to the power of blockchain. In other words, gamers (and other people in the Web3 space) have fewer middlemen to worry about and greater ownership.

However, Web3 in gaming isn’t just about purchasing items with digital currency and creating more secure financial ecosystems of gaming platforms.

It is single-handedly revolutionising the internet, making the web more inclusive and user-centric while also giving rise to a variety of different options for gamers.

Blockchain-based gaming (aka Web3 gaming) relies on a more secure system of voting consensus to modify the gaming process and is equally accessible to all players on that network.

Smart contracts that rely on sophisticated blockchain networks included in Web3 facilitate automated, transparent, and more secure digital transactions.

What is the future of Web3 gaming?

Experts say the future of Web3 gaming looks promising and that many new trends will continue to shape how we experience the internet and interact with games online. The main Web3 trends that will continue to help shape the future of the gaming industry are the following:

• Mainstream adoption of blockchain gaming by major companies
• There will also be a huge spike in adoption of Play-to-Earn (P2E) mechanics
• A more fully immersive gaming experience with the integration of VR (virtual reality) and AR (augmented reality) technology)
• The continued expansion of metaverse projects and concepts

In other words, Web3 gaming will help revolutionise the traditional gaming industry in more ways than one over the coming years. It’s all thanks to the adoption of blockchain technology and other decentralised technologies, plus an ever-increasing demand for this type of user-centric gaming experience.

Final thoughts

As this industry continues to grow, players can explore even more immersive digital gaming environments, earn real-world income via in-game P2E mechanics, and own various other rare digital assets like NFTs.

It’s just the tip of the iceberg, and many other emerging new trends that we cannot yet imagine will also help take Web3 gaming to the next level.

If you want to see what some of this looks like, remember to check out Web3 games and Metaverses like Splinterlands, Star Atlas, Axie Infinity, Ember Sword, Deadrop, The Sandbox, and Decentraland.

That’s not forgetting Sparkball, Nine Chronicles, Skyweaver, Hunters On-Chain, Blankos Block Party, Mythic Protocol, Mr Crypto Heroes, Rumble Racing Star, and Champions Ascension, to name a few.