Web3 Game Development: The Next Generation of the Creator Economy

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Suzanne Dieze

Statistica says that game sales will bring in US$205 billion by the end of 2022, and the number of users could hit 3,595,9 million by 2027. These numbers show that the gaming business is growing at a very fast rate. Since 2019, though, there has been a big change in the game world.

Creators don’t want to give power to a central authority. Instead, they want to take control, and Web3 game creation makes this possible in a way that doesn’t require trust. This started a new economy based on creators, and Web3 is the future of this kind of economy.

How does Web3 Gaming work?

To put it simply, Web3 games are the ones that are driven by blockchain. Since a blockchain is not controlled by a single group, all of the actions on a gaming platform, from the creation of in-game assets to who owns them, are controlled by the players, not by a central body.

In 2021, the Web3 game development field brought in more than $3.3 billion for the ecosystem’s growth. As the amount of money invested and the number of Web3 players kept going up, some blockchains made just for games came out on the market:

Ronin Blockchain was made by Sky Mavis to get around the high gas fees that Axie Infinity, a very famous game that ran on the Ethereum blockchain, had to pay.

Immutable X: The Web3 game creation platform is a scaling solution for Ethereum. It lets games built on it do deals at a speed of 9,000 per second, in almost real time, with no gas fees.

As a company that makes games for Web3, we think that blockchains like WAX, Polygon, Harmony, and Hive are great for making Web3 games.

What are some examples of different Web3 games? How are they different from games that are run by one person?

A new report says that Generation Z and millennials spend more than 7 hours a week playing video games. Web3 gaming has been a big part of how people can make money with their time. In fact, many people in countries like Korea and the Philippines make a living by playing Web3 games, which means that they add to the GDP of those countries.

Games that are free to play

These days, free-to-play games on blockchain are very popular. This is because you don’t have to pay anything to start playing these games.

Every year, 10-15% more people start to play video games. These Web3.0 games that are free to play give them a chance to improve their skills before they go into the play-to-earn space. On top of that, Web3.0 players like that the in-game items they unlock as they play are theirs and can’t be taken away by the game.

Play games to earn money

Play-to-earn games, as the name suggests, let players get paid for the time they spend playing the games. In exchange for their time, players earn both fungible and non-fungible cryptocurrency coins that are built into the game.

Companies like Suffescom Solutions that make Web3.0 games come up with different ways to play and earn money. The player can make money by beating other players in fight, staking land or other in-game assets, or making and selling in-game assets or more.

The Web3 game technology stack

From a technological point of view, making a Web3.0 game is very different from making a regular game. Because it includes a creator economy and financial transactions, it can only be done by a company with experience making Web3 games. Web3 gaming’s four most important and core pieces of technology are:

Decentralized apps, or dApps

A game decentralized application is a tool that lets gamers or game creators talk to the blockchain. It does this by using Web3.0 libraries. The Unity or Unreal SDKs are being used to build the interfaces for the games, which are the dApps.

They basically make it possible to trade in-game items and do business with smart contracts.

Smart contracts

Smart contracts let game makers make games that fit the needs of the players and use in-game assets in the way that the players want. These are set up to watch over and control how the game and business work.

Blockchain Nodes

When a Web3.0 game is made and put out, the information about the game is put on the blockchain network. Nodes help get this information out of the games and give it to Web3 tools. This lets Web3 tools and smart contracts work together so that real games can be played.

Digital wallets

A Web3 gaming site or dApp will always have a digital wallet that goes with it. This wallet lets each player be recognized and gives them a safe way to collect in-game tokens or valuables.

Final word

You’ve just read some great information about making games for Web3. But you still don’t know what to build, or you have an idea but need a lot of highly skilled web3 development work.

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