December 21, 2022

Web3 Gaming - What is the Way Forward?

Web3 Gaming - What is the Way Forward?

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The blockchain space has seen its share of both highs and lows in the past few years. During the last bull cycle, gaming was one of the most popular categories within web3. Now that we are in a bear market, many developers and investors are trying to figure out how to bring back interest in this burgeoning new sector. Some believe that competing with web2 game developers by delivering more “fun” experiences is the answer while keeping blockchain integration hidden from the user. On the other hand, there are those who think that leveraging blockchain technology should be highlighted in order to attract a new user base looking for exciting experiences. Let's dive into this debate a little deeper.

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The Fun Factor vs Digital Assets

Proponents of creating more “fun” gaming experiences believe that by hiding all knowledge of blockchain integration from users, they can create games and apps that will be attractive to people who may not otherwise have any interest in cryptocurrencies or decentralized finance (DeFi). This strategy would focus on providing users with an engaging experience first and foremost, rather than worrying about digital assets or complex economic models. After the collapse of popular play-to-earn games like Axie Inifinity, consumers are more apprehensive to participate in an ecosystems that focus on the earning aspects to a game ecosystem.

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On the other hand, there are those who think the leveraging of blockchain technology is to be highlighted because it is what sets web3 apart from web2 and makes it so attractive to users. Own-able digital assets, tokenized economies and decentralized exchanges all contribute towards a greater digital economy where users can interact with each other without any centralized control or censorship. By emphasizing these aspects when introducing games and apps to users, developers can attract a new wave of players who will find value in these unique features of web3 gaming. Overtime, as this new demographic of participants find value from the web3 experiences developed, the mainstream web2 user base could flood in once more sustainable economic models come to fruition.

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The Intersection of Fun & Innovation

Though there are two distinct camps on this issue, it doesn't necessarily have to be an either/or situation when it comes to providing fun experiences while innovating with blockchain technology; they can coexist as one entity! This means finding ways to make use of existing technologies such as NFTs (non-fungible tokens) and DeFi protocols without overwhelming new users with complex terminology or concepts right away. Developers could introduce certain elements gradually as users progress through their gaming experience so that they become more familiar with these technologies over time.

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All said and done, it's important for developers to keep both sides of this argument in mind when creating their games or apps for web3 platforms. While delivering fun experiences should remain at the forefront for any project, integrating innovative elements such as NFTs and DeFi protocols should also be taken into consideration as these are what set web3 apart from its predecessors and can help attract a larger user base in the future. With careful planning and execution, developers can create projects that combine fun experiences with innovation which will result in highly successful products for everyone involved!

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Isaac Matamoros aka Iman

Isaac Matamoros aka Iman

May 20, 2019
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