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The hyper-evolving gaming industry is entering a new paradigm, and the next phase of gaming development, also known as Web3 game development, is the catalyst. The development of Web3 games utilizes blockchain protocols, NFTs, and smart contracts, which facilitate decentralized ownership and trade of digital assets and tokens, and will expand and redefine how users interact and experience digital worlds.
Instead of just playing, users own assets, governance rights, and can earn financial rewards from optimizing their skills and time to play, stimulating a different type of economic activity that is shared and dynamic.
If you are a developer, a prospective entrepreneur, or an investor, now is the time to understand how the Web3 games that are being designed and developed will take off into the future of gaming.
Web3 game development is the process of building games on decentralized networks, such as Ethereum, Polygon, Solana, and BNB Chain, where the core game logic and ownership of assets are reflected on the blockchain and supported by its technology.
In the traditional Web2 games, independent game developers and publishers own all the data about the game, in-game items, and player progress. In Web3 games, players experience true digital ownership.
Players are now the custodians of their digital assets as NFTs in a wallet or other distinguishing decentralized storage, and no longer part of a predefined in-game ecosystem and experience that is owned by a company or dev team.
The new model means that gaming is fundamentally redefined in terms of value. Power dynamics in this model also change; games are not just entertainment, games are player-owned economies where skill, time, and some participation can be monetized as real-world value.
The Web3 gaming sector is projected to reach $133 billion by 2033, and for good reason. Web3 gaming's concepts of player incentives, transparent economies, and decentralized governance make it incredibly attractive to developers and gamers alike.
Players lose access to their in-game items; no longer will they lose those items forever should a publisher shut down its servers. Players now own those items - permanently - in the form of NFTs.
Web3 introduced the revolutionary notion that gaming could establish real income as players complete tasks, engage in combat, and contribute to our ecosystem.
The world of Web3 games has kept every transaction and on-chain reward visible and verifiable. Therefore, players can trust that what's shown was not secretly manipulated behind the curtain.
Players control their success and the direction of the game through their voting intervention, which is reached through DAOs (Decentralized Autonomous Organizations).
These are not just advantages. They are helping to fundamentally reshape how games are created, played, and monetized.
It's also important to understand which aspects of Web3 games are distinct before starting your development journey. Here is a list of the key characteristics to include for a successful Web3 gaming experience:
All Web3 games start with blockchain technology. The choice of which blockchain to build your Web3 game on (Ethereum, Polygon, Solana, Avalanche, … BNB Chain) plays a role in factors such as scalability, transaction fees, and transaction speed. Many developers have adopted Layer-2 solutions in order to keep gas fees low while trying to maintain security.
Pretty much everything from characters and skins to virtual land can be minted as NFTs, which allows for player-to-player trading, cross-game interoperability, and the ability to rent assets to other players for passive income.
Smart contracts automate game functions and make them trustless. Everything from reward distribution, staking, to governance. It is vital to have a thoroughly audited smart contract to minimize exploits and ensure the economy is fair.
P2E models actively constrain player exits and entice them by giving players native tokens or stablecoins for completing tasks, milestones, or participating in the development of the game.
Players should be able to use their NFT items across different games and to look at their NFT items as access to them as transferable across blockchains. This creates long-term value as assets and creates network effects from using it in multiple ecosystems.
One of the more compelling features of many web3 games is decentralized governance, allowing token holders to vote on future upgrades, tokenomics, and upgrades to the game, building player-driven roadmaps for additional engagement from the community.
When executing millions of dollars or more in assets, security is important. You will want multi-signature wallets, cold storage, KYC/AML, and regular contract audits to build reassuring trust for the player.
Web3 games require a technical build and deep planning. Here is a complete step-by-step guide:
Select a blockchain considering speed, scale, gas fees, and developer ecosystem. Ethereum is an easy choice, but it can be expensive. While Ethereum is an obvious choice, it can be expensive. Other options include Polygon, Avalanche, and Solana, which are all fast and cheaper.
Is it an RPG, card game, FPS, racing game, or is it part of your overall metaverse project? The game genre will help to define overall complexity in tokenomics, NFT requirements, and gameplay mechanics.
It's essential to create a stable in-game economy. Determine the quantity of tokens (i.e., utility + governance), determine how many tokens will be minted to the ecosystem, build the reward structure for the tokens, and allow the token to stake and burn to avoid inflation or dumping.
Build secure and audited smart contracts for rewards, asset management, marketplace, and staking pools. It is also recommended to implement a bug bounty program to develop taxes ahead of launch.
Design NFTs with scarcity, utility, and visual appeal. Develop or integrate the marketplace for players to swap and sell their assets.
You could think about using game engines such as Unity, Unreal Engine, or Godot, so you could build out the gameplay in order to provide a better and deeper user experience and user immersion. We need to create a frictionless onboarding experience with the players through things like the wallet integration, fiat on-ramps, and a tutorial in-game for Web3 newcomers.
Carry out closed alpha and beta tests utilising real user data. Optimise your gas efficiency, perform smart contract audits, and test that your API and servers can handle high concurrency on launch.
These all demonstrate that Web3 is more than speculation - it's an immersive experience with real value.
Even though Web3 gaming has so much potential, there are challenges:
Addressing these challenges will ultimately be the success of the next generation of Web3 games.
The future is incredibly bright
Web3 game development is not just a technology fad; it is a fundamental shift in how gaming is done. By combining blockchain, NFTs, and decentralized governance, developers can design player-owned, transparent, profitable ecosystems that serve all of the participants in the process.
This is your moment to be an early innovator with the developers, or be involved as an investor or gamer in the future of gaming, where you own your world.
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