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Web3 and Blockchain: Key Drivers of Gaming Innovation and Player Engagement

Last updated: | 2 min read
Source: Florian Olivo / Pexels

The gaming industry has seen massive progress over the last few decades. However, with blockchain technology around, the gaming world has a chance to expand into a new GameFi sector and innovate. 

The advantages of blockchain elements in games could also boost engagement and adoption, where blockchain users could become new gamers, and existing gamers could become blockchain users.

Blockchain gaming is still looking for the right approach

Gaming started entering the blockchain industry massively just at the time when the crypto industry made major moves to create Web3.

This cryptocurrency concept includes numerous aspects of blockchain, such as DeFi and virtual economies.

Furthermore, Web3 offers a secure and rather unique alternative to player asset ownership, community building, and gameplay economies. 

Several gaming studios understood this and spotted the benefits of incorporating blockchain into their creations. 

However, even the most willing ones have struggled, as building on the blockchain is not easy or something they are used to.

Frustration with blockchain games was detected among players, as well. More than that, such frustrations are well-founded. 

A lot of games available now have not been much more than a combination of positive reinforcing economic loops and speculative investments.

However, that only refers to the games that were built quickly and hyped up. 

There is another side to blockchain gaming that is less known, where “real games” were being built quietly in the background. The idea is to use these games to make blockchain-based gaming reach mass adoption.

In order to do this, game studios must use blockchain technology to build truly great games. Not just gaming systems that would fuel speculation and offer little besides that. This will also bring changes to the blockchain-based gaming known today. 

One big example includes NFTs, which will become less visible on the front end for players. 

Experts have estimated that the removal of NFTs would lighten the mood for traditional gamers, who have elected to build walls between themselves and Web3 gaming.

Web3 gaming has to find a way to include non-finance-motivated gamers

Existing blockchain games require a financial investment from the user, and then they allow them to earn from playing. However, many players are not financially-driven when approaching games. 

They, too, need to feel welcome and must be able to coexist in the Web3 gaming sector if it wishes to reach mass adoption.

One idea is to involve players in the game-building process. Doing so could make the fanbase more passionate and secure a long-lasting game. 

Those who focus on collections and the financial side must not be the only ones that the developers would cater to, or else they might lose the majority of gamers who simply want to have fun.

This leads to the conclusion that the current gaming ecosystem is closed, which works well enough. However, it could improve and become much better with Web3.

It will take a while for players to realize the limitations of Web2 and for Web3 developers to find a proper formula that would include both categories of gamers

However, with each new breakthrough, the Web3 gaming sector is inching closer to a solution that would fit everyone.

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