- Metaverse on Web3 is a way to provide opportunities for industry players and gamers to earn.
- Web3 allows the player to have ownership of the assets and collectibles.
Metaverse is a virtual space that can’t be alter and is fully decentralized, which can reshape Web3 gaming.
Web3 is the third-generation internet. Web3 has restructured several sectors, including but not limited to gaming. It is a major step forward to traditional online gaming.
It allows players to earn digital assets and collectibles from cryptocurrencies and NFTs.
Web3 games are decentralized, allowing players to have power instead of being bureaucracy of one central authority.
In web3 gaming, the players own the in-game assets, unlike the web2 games, where in-game assets are limited.
The players can exchange digital assets and collectibles in the form of NFTs.
Metaverse can impact Web3 gaming.
Metaverse is a virtual space enhancing physical and digital reality. A platform that provides users with the experience of physical reality in digital space.
Metaverse has the potential which can impact the Web3 gaming region. That will be more socialised, interactable and decentralised in nature.
Metaverse will bring new engaging opportunities for users with a feature of play to earn. The players can contribute to the growth of the country’s digital economy. The earning can be in-game assets or collectibles. Players can trade their digital assets on any platform as NFTs.
The players can create their own virtual identities in the virtual space. These avatars are the physical characterization of themselves, or they can look like someone else. The identities will explore the virtual realm.
The players can interact with other players in the space. Metaverse can host events and social gatherings for industry leaders, entrepreneurs and players to attend. These events make it more engaging for users to dive into the space.
The platform will allow the players to control their digital assets and completely own their content.
The platform will create opportunities for developers and investors to use the metaverse platform. The increased demand for web3 games makes developers create more relative games. The developers will pitch their ideas to investors for funds.
Future of Gaming
Gaming is not only seen as a way of fun and entertainment. Now games have become more socially engaging, used as a platform to earn.
The player’s in-game assets will not only be limit in the game. The players can also sell and trade their in-game collectibles as NFTs. If anything unfortunate happens to the game, it won’t interfere with the rewarded assets of players.
The AR and VR features will enhance players’ gaming experience.
The metaverse will enhance the future of web3 gaming. The features and creative innovation have the potential to rebuild the gaming field. No wonder web2 games are not only taking an interest but working on enhancing the platform. Even though the metaverse is in the developmental phase, market analyst believes it will change the gaming industry.