What is Web3 Game Development? Know the Technologies, Features, and Everything about it

Web3 is also known as blockchain gaming that overturns traditional gaming and utilise blockchain technology. Web3 games are overtaking traditional games as they offer a lot more benefits for the players that attract a large number of players and invest in them. 

 

In this blog, we will be looking at web3 game development, its main features, and its technology stacks. Let’s get started and explore this booming industry. 

 

Web3 Game Development 

 

Web3 game development process entails decentralized gaming with different blockchain technologies that evolve out of it. Furthermore, in web3 game development, all game development activities are not under the surveillance of central authority but relatively decentralized. As web3 games differ from traditional games, they offer the owner of the assets and in-game NFTs that can be used in real-time. 

 

To add more, web3 game development uses blockchain technology, NFTs, and other digital assets to empower the players to invest in real-time and earn valuable assets. 

 

Key Features of Web3 Game Development 

 

Web3 game development is rapidly growing and becoming famous among players for ownership, decentralization, and transparency. The fundamental  features of web3 game development are as follows: 

 

1- Ownership and Interoperability 

 

In traditional games, there is no ownership of the rewards or game assets. However, blockchain games or web3 games give a contrary experience to the players where they can earn rewards in the form of NFTs or other cryptocurrencies and store them in their wallets. These currencies are interoperable, meaning they can be used among different blockchain platforms. Furthermore, unlike traditional games, the players have the right to own the collected rewards and use them in the real world. 

 

2- Transparency 

 

There is a mass increase in web3 games for the fact that it offers transparency without the involvement of any third party. All the details and digital transactions are as clear as a diamond to the players, and no data is hidden. Furthermore, the peers hosting the blockchain technology and network ensures that players have access to all information. 

 

3- In-game Economies  

 

The most intriguing and interest-developing factor for the players is the authentic in-game economies that encourage players to invest in the blockchain or web3 games. The in-game economics refers to the rewards, NFTs, and collectibles that are built into the cost system. Web3 games are known for the economic ecosystem in the games that enable the players to strive for their gameplay, invest in it, and in return, earn the rewards that can be used as a real value. 

 

The primary examples of such ecosystems are play-to-earn, move-to-earn, and similar games in which the players have to complete the challenges to earn rewards or digital collectibles over which they have the complete right of ownership. Hence, virtual assets and NFTs ownership are two main benefits of web3 game development. 

 

4-  Old Game Integration

 

The advancements in web3 games allow the old game models to be integrated into the web3 using metaverse platforms and blockchain technology. This enables the players to upgrade their gameplay and leverage the potential of advanced technologies without stopping to play the games that were not available on the blockchain platform. Using the old game integration, players can create avatars, change the model of their games, earn rewards, and trade in their game assets. 

 

Technology Stacks in Web3 Game Development 

 

Web3 games are fueled by the latest technology stacks that make it a powerful platform for various industries. These technology stacks play an important role in making web3 a decentralized and authentic platform for the players and other stakeholders as well. Here is a quick representation of technology stacks used in web3 game development: 

 

 

Gaming DAOs 

 

DAO stands for Decentralized Autonomous Organizations, which act as a centralized part of decision-making. Gaming DAOs are not associated with any gaming industry as they work solely on open-source code, and their primary purpose is to make the game ecosystem more player-driven. 

 

Contrary to traditional organizations where earning company stocks are shared, in DAOs (Decentralized Autonomous Organizations), investors are rewarded with equity in the form of governance tokens. These tokens provide investors with the flexibility to trade them freely. Moreover, these tokens often have added advantages, such as voting rights and the opportunity to participate in exclusive NFT drops.

 

Gaming DAOs empower play-to-earn and similar games as this technology rewards the players for the gaming skills while players pay for buying the assets that can be utilized further in their sole ownership. 

 

Risks of Web3 Game Development 

 

Even though web3 game development is one of the most adopted trends, the risks are imminent. Due to its nascent stage, web3 games have drawbacks, such as a need for more user-friendliness and knowledge for non-crypto players. It must be admitted that the transition from traditional to web3 or blockchain games can always be challenging. 

 

Web3 game development requires players to know how it processes different technologies, smart contracts, wallets, etc. 

 

Moreover, blockchain technology and other technical frameworks in web3 game development make it secure. However, in recent years, it has also been subjected to cyberattacks as it is found to be in the early stages of its development and user adaptability. It also involves the regulatory and licensing risks that might give a shoulder to money laundering cases. However, the law and decision-making authorities for such platforms are expected to work on this, which would halt any illegal use of web3 games. 

 

Last but not least, the storyline of the web3 games is less interesting than traditional games. This is because web3 games are more focused on monetization and in-game economics rather than an interesting storyline that keeps players bound. Web3 game players have also shared their concern that the games are less exciting and more reward-oriented than other causal games, which is not a plus point. 

 

Web3 Game Development | InvoGames 

 

InvoGames is a blockchain and metaverse development company that provides web3 gaming development solutions. From smart contracts, gaming dApps, NFT marketplaces, and NFT metaverse marketplaces to decentralized gaming platforms, Invogames develops all. 

 

Take a futuristic step with InvoGames and launch your digitally transformed marketplace.