Web3 gaming is growing stronger. And now, as we enter a new era of innovation, this term appears more and more frequently.
What is Web3 gaming, and what are its features? Read this article to learn more about Web3.
What is Web3 Gaming?
Web3 games are digital games that use blockchain technology as part of the game economy. In-game assets will be owned by the player and are commonly referred to as NFTs (Non-Fungible Tokens)
Key Characteristics of Web3 Gaming
Web gaming is a value exchange game model, where people can own and exchange items called NFT using cryptocurrency. Here are some basic features of Web3 gaming platforms:
- Possession and interoperability
Web3 gaming provides autonomy; players fully own the assets in the game and collect them in the form of NFTs. Because in traditional games, although players will own assets and collectibles, they will lose all assets after deciding to change the game platform.
- Integration of traditional games
The gaming experience is quite personalized of web3 gaming, as each gamer has his/her preferences on games, genre, characters, and so on, and Web3 brings in the feature to integrate the upgraded model of old yet loved games into the metaverse and blockchain platforms, incorporating decentralization in its core to expand the domain of what players can actually do in the game.
Not only that, players can now create avatars and begin trading their favorite in-game collectibles and digital assets in marketplaces, earning in cryptocurrencies or game tokens.
- Player-driven Game Economics
Not only has the above characteristics, but web3 gaming also Blends cryptocurrencies into gaming via the Play-to-Earn model makes gaming economies more approachable, empowering players to engage in P2E economics.
- Negligible Downtime
Web3 gaming works automatically with low maintenance costs and without the intervention of any authority. Web3 games are highly scalable and have negligible downtime thanks to block minting and high game data storage facilities.
- The game’s transparency
Web3 gaming is a distributed process in which games are stored on unhackable blockchains. This will increase the model’s security.
Not only that, but blockchain technology is based on consensus voting to modify the gameplay process and is equally accessible to all network participants. So web3 gaming has ensured a high level of transparency.
The Future of Web3 Gaming
The future of web3 gaming appears to be very promising. Demonstrating that by 2022, more and more P2E games are appearing on the blockchain platform on a daily basis. Furthermore, the future of Web3 gaming will include interoperability between blockchains and subchains, allowing developers to customize games for their target audience.
Web3 is the power and future of the new gaming world. Let’s look forward to the growing development of this technology.
About My Meta Farm
My Meta Farm is a Web3 Metaverse – friendly to all users to enjoy entertainment, socializing, and creativity.
My Meta Farm combines the TheSandBox model of Open World Gaming, decentralization, and user data ownership with Animal Crossing’s success of soothing and imaginative experience to create a carefully-crafted blockchain platform, compatible with all devices.
My Meta Farm has already created a social platform with 6 features that help players express their creativity, namely:
My Meta Farm Metaverse
Players can buy and own virtual lands and experience life as a resident of Metaverse City.
My Meta Farm 3D Avatar
This allows players to create their own unique 3D avatars.
This is a tool to help you build your favorite house and land.
Players can freely design digital fashion, not only to beautify their characters but also to exchange and buy on the Marketplace.
My Meta Farm Minigames
Interesting games that keep players entertained.
Creating a living space for players to socialize with friends and monetize their gaming experience.
My Meta Farm hopes to be able to enhance the player’s experience because our efforts come from a single motivation – Your Idea – Our Aspiration!