In our scene we are constantly confronted with new terms and trends, many words sound different but mean the same: one of them is Web3 Gaming, which is also known as Play-to-Earn, Play-to-Own, Crypto, Blockchain or NFT Gaming. In this article, we’ll explain to you why Web3 gaming is becoming increasingly important and what it has to do with NFTs and blockchain.
The advantages of Web3 gaming.
- Changes in the game are voted on and not determined by a central authority
- Game players can earn money while playing
- Earned or purchased in-game assets belong to the players
What are Web3 games?
Gaming is decentralized in Web3: you play or buy your own in-game assets and own them yourself. Real transactions take place between users, without a third party in the middle influencing the process or making money from it. Assets belong to you. One of the main achievements of Web3 Gaming, is the integration of a blockchain into the world of gaming.
Hence the different names for the same thing: we’re talking about NFT gaming, as your game items (and other assets) are stored as NFTs on the blockchain. You’ll also hear terms Play-to-Earn and Play-to-Own often, as they refer to the fact that in Web3 games, you can keep or sell just about anything you earn. Also, in Play-to-Earn you earn cryptocurrency as you play.
The fact that you own in-game assets is in stark contrast to traditional Free-To-Play formats, where players don’t actually own their in-game items and can not trade them for real-world value.