Why Blockchain Games Are Dominating the Web3 Space

If you are still thinking blockchain is just about crypto and NFTs, you are already behind. The real action is happening in gaming!

Blockchain games are now becoming the powerhouse of the Web3 ecosystem. In fact, they are not just attracting players; they are onboarding millions of users into Web3 faster than any other sector.

Blockchain games aren't your average mobile games or console games. These are creating real digital economies, which give players ownership of in-game assets, and turning everyday gamers into investors, creators, and entrepreneurs.

In this blog, we'll talk about what's driving this shift and who's winning in the space right now.

Let's check it out!

Understanding Web3 in Gaming

Web3 gaming integrates blockchain technology into video games. It gives players full ownership of their in-game assets.

In traditional games, if you gain or purchase a rare weapon or a cool skin, you don't truly own them. The developers of the game own everything, and you are only renting it out. Additionally, you lose track of everything if the game ever closes down or bans your account.

Whereas, in Web3 games, the in-game items are stored on the blockchain as NFTs, which are unique assets that give you complete ownership of your owned assets. For example, if you buy a sword or skin, it is considered an NFT. You can use that NFT and sell it to another player, trade it, or use it in other games as well.

In addition to that, Web3 games allow you to earn real money through their gameplay. That is Play-to-Earn, which reveals why Web3 games are so popular.

Why Blockchain Games Are Leading the Web3 Revolution

Let's take a look at why blockchain-powered games are responsible for changing the Web3 world:

• Real Ownership

You own in-game items in Web3 games in the form of NFTs (Non-Fungible Tokens). These assets are yours, not the developers', and are stored on a blockchain. Even if the game gets banned or shuts down, your assets are safe.

• Play-to-Earn

In Web3 games, you can easily earn rewards in cryptocurrency or NFTs just by performing some tasks like completing quests, winning battles against opponents, and selling in-game items to other players.

• Interoperability

Just give it a thought that you get an opportunity to use a weapon you won in one game in another game. Well, that's what Web3 gaming is all about! Since assets are safely stored on the blockchain, they can be used across multiple games.

• Player-Controlled Economy

In traditional games, the developers were solely responsible for making all the key decisions. However, in Web3 games, players are a part of the decision-making process, which allows them to vote on game updates and even how profits are distributed.

• Transparency & Security

Leveraging blockchain technology ensures that all in-game transactions and their mechanics are transparent and tamper-proof. This fosters more trust amongst players since it is decentralized and open for the participants to see.

Popular Blockchain Games Dominating the Market

Here are a few of the top-performing blockchain games that are making waves in the gaming space right now:

• Axie Infinity

Axie Infinity is one of the first play-to-earn games that lets players breed, battle, and trade NFT creatures called Axies. At its peak, Axie had over 2.8 million users daily and helped create a global conversation around earning income through gaming.

• Gods Unchained

Gods Unchained is another blockchain-powered game that gives players full ownership of their cards, which are NFTs that can be sold or traded. It is a truly decentralized asset model, which makes it popular amongst both TCG fans and crypto investors.

• Illuvium

Illuvium is one of the most ambitious blockchain games that boasts AAA graphics. In this game, players collect creatures called Illuvials and battle them in arenas for rewards. This blockchain game is powered by a strong token economy and DeFi mechanics.

• The Sandbox

The Sandbox is a name that is synonymous with Web3 gaming. It lets users build, own, and monetize virtual land and experiences. Some of the big brands, such as Adidas, Snoop Dogg, and Warner Music Group, are already on board.

• Star Atlas

Star Atlas allows players to control fleets, manage space economies, and explore galaxies. Its ecosystem is powered by NFTs and DeFi mechanics, which is attracting enthusiasts today.

Wrapping Up

That brings us to the end of this blog!

Indeed, Web3 gaming is currently changing the way in which we used to think about games. Today, games are not just about entertainment; it is also about ownership, community, and opportunity.

Whether you are a casual gamer or an enthusiast developer, Web3 is creating new possibilities in the gaming sector. So, why not give it a try? But whom to approach? Reach out to the experts at Technoloader!

It is a leading blockchain game development company that is known for developing immersive and engaging gaming experiences that offer players true ownership of in-game assets that they love.

So, the future of gaming is here, and lead it by partnering with Technoloader!