The Practicality of Blockchain in WEB3 Gaming without GameFi Integration

    Published on:

    press release

    Published September 14, 2023

    On September 12, 2023, AI Meta Club CEO Aloysius discussed the importance of blockchain in Web3 gaming at a special event hosted in collaboration with the Asian Blockchain Gaming Association (ABGA). The event was a standout highlight of Token 2049 Week 2023, which was held in Singapore for the second consecutive year.

    Aloysius started the discussion by demystifying the complex terminology surrounding WEB3 games, blockchain games, and GameFi. He provided comprehensive definitions of each concept and highlighted their differences and similarities.

    In the field of Web3 games, it is important to note the following:

    • Web3 games It should embrace decentralization, but not necessarily operate on a blockchain or adhere to a financial model.
    • blockchain games There is no obligation to decentralize or incorporate a financial model.
    • GameFi model Games may not need to be decentralized or utilize blockchain technology.

    With these clarifications in mind, Aloysius delved into the deep applications of blockchain technology in the gaming sector. He juxtaposed AI Meta Club’s ambitious approach with his traditional game mechanics. The discussion covered important aspects such as staking, merging, breeding mechanisms, player-versus-player interactions, and games with hidden information. To illustrate the benefits of blockchain integration, he cited relevant case studies that demonstrated benefits such as ownership, fairness, scarcity, and open market transactions. At the same time, he also mentioned limitations such as transaction fees, barriers to entry, and potential challenges to the gaming experience, and offered suggestions for improvements.

    Mr. Aloysius broadened the conversation to the Metaverse, highlighting the current homogeneity and lack of standardization in this emerging field, and highlighting the need for consistent frameworks and regulations to facilitate widespread adoption.

    Continuing with the technical talk, AI Meta Club provided insight into the intricacies behind blockchain implementation in gaming and the safety challenges facing the industry. Some important points discussed were:

    • Data integrity and economics: Blockchain acts as a ledger to ensure data integrity, and layer 1 itself acts as an economic ecosystem. Striking the right balance between scarcity and ease of use is critical to preventing saturation and inaccessibility.
    • Operational cost management: Game developers face the challenge of managing operating costs while maintaining game quality. Not all data is sent to the game server to reduce overhead, creating a potential security vulnerability.
    • AI threats: With the rapid advancement of artificial intelligence, the potential for hacking and exploitation within gaming systems is increasing. AI attacks require robust security measures, as they can potentially clone players, facilitate level-ups, and illegally obtain in-game items.
    • Quantum computing: The advent of quantum computing poses a potential threat to blockchain security as private keys may become easier to reverse engineer. In the future, quantum cryptography may be required to counter this vulnerability.

    In addition to these important discussions, the AI ​​Meta Club shared its vision for the future of gaming centered around the fusion of AI and the Metaverse.

    In this future, the fusion of Artificial Narrow Intelligence (ANI), Artificial General Intelligence (AGI), and Artificial Superintelligence (ASI) will usher in the Omniverse, where various metaverses will be integrated and their full potential will be realized. Implementing safety, security, and transparency protocols is essential to ensure a seamless transition into this interconnected realm. Direct sensory and cognitive experiences, rather than cumbersome wearables, will become the norm, providing gamers with a truly immersive experience.

    Additionally, Aloysius introduced an innovative approach to in-game mining.

    Gamers, who already use large amounts of computing resources while playing, can simultaneously act as validating nodes and contribute to the security of the blockchain. Different games can incorporate unique mining mechanics such as leveling up, acquiring equipment, answering quizzes, and defeating bosses. Instead of creating many separate proof-of-work algorithms, standardized formulas can be mathematically mapped to each mining mechanism to streamline the validation process.

    In conclusion, this event was a pivotal moment for the gaming industry, highlighting the transformative potential of blockchain technology and its intersection with Web3 gaming, AI, and the Metaverse. AI Meta Club’s comprehensive insights and forward-thinking perspective have undoubtedly paved the way for an exciting future in gaming. During this event on September 12, 2023, the limits of gaming innovation were pushed to new horizons.

    About AI Meta Club

    AI Meta Club stands as a dynamic and authentic community of technology enthusiasts who are genuinely excited about the possibilities that AI and the Metaverse offer. The group is dedicated to fostering innovation, fostering collaboration, and driving significant growth in the digital realm through the convergence of these cutting-edge technologies.

    At its core, AI Meta Club draws strength from its global network and deep expertise in AI and general computing. Their mission is clear. To strengthen the Web3 movement and explore new digital frontiers. What drives their passion? A vision of a vibrant, user-friendly metaverse that seamlessly integrates technology into everyday life, creating engaging and accessible digital experiences for everyone. Joining the AI ​​Metaclub means embarking on an extraordinary journey into the future of technology.


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    Company Name: AI Meta Club Co., Ltd.
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