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

cryptonews.com:

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.

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