WHAT IS WEB 3.0
Web 3.0 the world wide web it is the future of the internet comes with information that will compel a huge revolution in the world of technology and transform the internet into its new iteration. In other words, you can say that web 3 has opened up the internet for every user. It includes amazing features like artificial intelligence, machine-based learning, and dynamic applications. It is based on a decentralized system and is supported by blockchain technology. It is the third generation of the internet which consists of a semantic system to give its users more avant-garde services. The idea behind web 3 is that it give its users faster and end-to-end services. One of the amazing entity of web 3 is that there is no chance of data leakage in any case as it is a decentralized system and data is reserved. Users confidence the usefulness of web 3 and foresee that they will give more opportunities and satisfactory services.
WHAT IS WEB 3.0 GAMING
Web 3 gaming is a new wave of transformation in the world of technology. If we look at the past few years , when the internet dropped anchor no one could even visualize that the internet will progress by leaps and bounds and transform in such an a tremendous way that there are no words to illustrate the improvement of this journey. Now it's time to admire the efforts of developers after the appearance of web 3 technology. Web 3.0 will cover long journey without any destination and web 3 gaming is the initial step of this journey. Web 3 gaming must amaze the gaming industry as it is very distinctive and diverse from other gaming platforms. Web 3 gaming industry has the potential to turn the table and alter the gaming system completely.
Web 3 games include cryptocurrency and non-fungible tokens, and the whole tournament revolves around blockchain technology. These games utilize blockchain in their components and brought up a new item in the gaming industry. These games are self-sustaining each game has its decentralized marketplace players take interest in games because they not only get fascinated but also make money from them this is the interesting fact of web 3 games that they are play to earn games players can generate income by playing games and winning game items then selling them and driving money.
EXAMPLES OF WEB 3 GAMES
Every player dreams that they may earn money by playing games. Web 3.0 make it feasible for their user and it is not fantasy now you can bring in money by playing games in several ways. The examples of web 3.0 games are :
1) Axie infinity.
2) Decentraland.
3) The sandbox.
Axie infinity :
Axie infinity is top listed web 3 game which is most demanding game these days. It is a non-fungible token-based game. Axie infinity is a an illusion blockchain game in which you have to beat a monster. In this game the main blockchain utilized is Ethereum. This game is made from inspiration by Pokmon. There are two characters in the game the Axie and the monsters. Multiple classes of axie are their for you in which you have to specify one of them surroundings will be according to your selected Axie. Plants, reptiles, dusk, dawn, bug, beast, aqua, and bird are the different Axie with their own color. Axie are exhibited as a creature that is struggling and hunting for treasure. You will be rewarded according to your engagement in the game by blockchain technologies. By playing you can earn AXS tokens which will be collected in marketplace you can use these tokens to fix your future.
In the game, you have to build a strong team of Axie that will work together to quarrel with the enemies. Axies are different from one another each has its solidity and weakness. In the marketplace, you can also buy the Axie of your choice. When you start the game first of all you have to make an account and set up your ronin wallet. After this when you start the game on the right side, there are two buttons displaying adventure and arena these are the two battles you can go for. In adventure, there are 36 levels in which you have to defeat the monster. In the arena, you fight against the other players each player receives SLP depending on the Matchmaking rating.
Decentraland:
Decentraland is user based blockchain technique. The first decentralized web 3.0 game is decentraland. It was developed in 2017 and now it has attained so much favor and become one of the fairest metaverse games it is using Ethereum. How you can play this outstanding game? You have to go to their official website where you find play now clicks on that button. Now you have two choices you can also play the game on the web page and can download from the play store preference is yours you will surely enjoy the experience. MetaMask wallet is critical for you to dive in. First of all, you have to make an account on their official website and press the login button. When you logged in to your account you will be shown your avatar which you have to prepare to get started. You can prepare it as you want to be there are no restrictions for you. You can give its head, body, and other accessories the color you like the most. After preparing select the name of your avatar which will be shown on your screen when you play. There is a list of options that they deliver to you to make you able to earn. The marketplace of this blockchain game has many unique and surprising aspects for its users to make them satisfied with their advancement. You can sell a plot of land and suggest a unique name for an avatar and earn money from them.
The sandbox:
The sandbox is another instance of the headway of web 3.0 games where the player can not only play but also build up their gaming experience and monetize them. At that time there are 40 million users of this game who are driving money from it. It is an open-world and free-roaming game. By playing this game you will encounter something very diverse from other games as it is not only the game but also you can learn a lot from it. You can build your world while playing. The actual meaning of this blockchain game is that they allow you to build the world as you want and create your own game. There are several destructions for the player they have to jump and adjust the speed of all those characters who are in their control. You will experience many more new items as the software is updated regularly and many new features are introduced periodically.
WHAT IS THE FUTURE OF WEB 3 GAMES
If we say that web 3.0 gaming is an integral platform for the gaming industry it's not wrong. Web 3.0 games are very different from other conventional games and give ownership of the game to the players and they not only play but also learn the protocol of blockchain gaming. Now come to our main point what is the future of web 3 games?
Web 3 change the gaming industry significantly. If we talk about the future of web 3 it is very exciting and unpredictable. According to a recent investigation on the blockchain, about 2.5$ billion are raised in the gaming industry after the introduction of the web 3 gaming platform now we will mention that web 3 is arising and new features are introduced in it day by day. In its initial period if it is earning prosperity of that level then imagine after two to four year where the web 3 gaming platform stand. The progress of the web 3 gaming industry is hidden in the metaverse, blockchain, and decentralized system of web 3. Web 3 gaming is the future because it provides an open ground for the gaming industry to utilize their feature and strengthen its growth. It is a peer-to-peer system that completes the definition of the internet.
WHAT IS THE MARKET SIZE OF WEB 3 GAMES
The vogue of web 3 games can be demonstrated by their market size. Web 3 and web 3 gaming industry has grown by about $2.9 billion in 2021 and it is estimated that in 2028 it will grow to about $23.7 billion. The web 3 gaming market will grow by about $125.8 billion in year's 2021-2025 and the market structure is fragmented. In 2022 the market size of this gaming platform is USD 220.9 billion and it will reach about USD 583.8 billion in 2030. According to this data, CAGR is about 12.8 percent from 2022-2030.
In recent years web 3 will be offered:
1) hybrid games.
2) Move to earn.
3) Virtual games.
4) Play and own.
5) Metaverse games.
According to research the regional scope of web 3 gaming is in order North America, Europe, Asia Pacific, and Latin America. Countries included the US, China, South Korea, Japan, Germany, Canada, the UK, and Egypt.
