Metaverse and Web3 are closely related, with metaverse being a major key player in the application of Web3 technologies. Web3 includes decentralized infrastructure, cryptocurrencies and smart contracts, creating a transparent and decentralized environment that is foundational for the Metaverse.
The decentralized technology which distinguished Web3 ensures the genuineness of owning digital assets which empowers users with autonomy and full control over their presence in the Metaverse.
Self-identity in Web3 and tokenized assets system, helps users to verify their identity, own and trade virtual assets securely. Plus, users can transact with each other using their verified identities. To enhance functionality and diversity, the Metaverse leverages Web3-based smart contracts and decentralized applications.
Metaverse can be described as a computer-generated virtual assets or data that comprises virtual reality and digital medium. It’s undeniable that there are unresolved issues with data hegemony. Web3 aims to eliminate such rigid dominance. Users can collaborate, engage and socialize through their unique avatars in a virtual environment.
The Metaverse has greatly transformed the way we experience gaming, relying solely on other digital assets, especially NFTs.
Metaverse Trends
AI and Automation Improved
When it comes to the Metaverse and Web3, game development, management, and operations will require AI automation and algorithm enhancement. This will result in increased output and new product innovations that will define service delivery to the players.
Augmented Virtual Reality
The Metaverse and Web3 implement the augmented virtual reality within the game to offer the players more engaging and pleasing experiences. Fashion and education are examples of industries that are adopting the Metaverse whether it is for creating virtual stores or developing educational programs. This competition forces developers to develop and implement as many unique or fun gaming experiences as it can.
Web3 Gaming
The trend in Web3 has brought in a lot of interest in video games. Why are more and more people getting interested in these video games, you ask?
An emerging trend in video games is Web3 gaming, which has increased the competition level in the market. Unlike what is seen in normal gaming where two users are able to select their preferred games to play, Web3 gaming has a lot to provide.
Tokenomics and blockchain enable the decentralized third generation web. It is not enough to just play games anymore; users expect more from developers these days.
The world is changing gradually and it calls for smarter development for smarter games that would be more sophisticated. Games built on Decentralized Web3 enable the players to earn cryptocurrency and Non-fungible tokens (NFTs) as incentives.
The most impressive feature of Web3 gaming is that the gamers have full ownership of their gaming assets and have the ability to easily transfer their gaming assets to other gaming platforms without needing a third party.
As gaming platforms are being hosted on blockchain it becomes unhackable by hackers who might want to launch an attack.
Another feature of blockchain-based gaming is consensus voting with a possibility of the gaming community to vote on some changes of the game. This democratic concept makes Web3 gaming more inclusive and transparent.
Gamers are turning hubbies to valuable money as they continue to play for fun and for rewards.
Conclusion
The Metaverse and Web3 gaming have actually transformed how we can spend time doing what we enjoy and make money from it. The Metaverse has provided great opportunities to the digital gaming world, boosting the net worth of the gaming industry.
Blockchain protects game applications running on its platforms, for developers and players. Web3 gaming is a tremendous step forward because it allows players to fully manage the assets they earn.
