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    Two Technology Trends Shaping The Future Of Gaming

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    Today’s games are already all about creating immersive worlds for players to enjoy, making it a natural fit for the Metaverse. And today’s gamer can create real-world value from digital creations and his NFTs.

    In the Internet of the future, what else can we expect in the gaming world? See how the Metaverse, Web3, and new revenue models are redefining the gaming experience.

    The Metaverse is the next frontier in gaming

    Gaming has always been at the forefront of technological advancements, and the Metaverse is no exception. As games evolve to become more immersive, they will become an integral component of the broader metaverse ecosystem.

    According to a study by Ernst & Young, 97% of gaming industry executives As it stands, games are at the center of the metaverse.

    In theory, any virtual reality (VR) game could be part of the Metaverse. But don’t forget that interconnection is the heart of the metaverse. Players should be able to bring their digital identities, assets, and achievements and seamlessly transition between different games and experiences.

    Achieving this level of interoperability requires game developers working together to create shared universes and cross-platform experiences.

    In 2020, Epic Games CEO Tim Sweeney (the company that created the Fortnite game universe) explained his vision for games in the Metaverse:

    “We’re moving from lots of walled gardens to more and more open ones, and by the end of the decade, we’ll see something akin to an open metaverse where players get together with friends and move from gaming experience to gaming experience. When you’re together as a group of friends, across all platforms, as you go through these experiences, what company makes the device you’re using, what server you’re playing on? You don’t have to worry about being run by a company.”

    Fortnite is already a leader in the metaverse space. Their platform is an immersive world where gamers can enjoy entertainment experiences (such as concerts) in addition to playing the game itself.

    Augmented reality (AR) games, which overlay digital game elements on the real world, also remain important. Pokémon Go has been a significant pioneer in this space, and we expect to see more AR games as the technology continues to advance.

    Decentralize your game with Web3 technology

    Leveraging blockchain and decentralized protocols, Web3 technology is poised to revolutionize the gaming industry by giving players true digital ownership and control over their in-game assets.

    While asset purchases are already available in many games, in-game clothing, accessories, and other items are tied to individual games, not players or avatars.

    In the future internet, gamers will be able to use web3 technology to trade, sell and transfer digital items across various platforms as NFTs. Not only will this provide a seamless experience for players, it will also open up new revenue streams and support a thriving digital economy.

    By leveraging blockchain technology, Web3-enabled games can create transparent and secure systems for in-game transactions, ownership, and asset provenance. This decentralized approach eliminates the need for middlemen and gives players more control over their gaming experience. It also empowers developers to create more engaging games by embracing player-driven economies and user-generated content.

    Decentralized Autonomous Organizations (DAOs) have the potential to introduce new forms of governance, ownership, and community-driven development to the gaming industry. It allows players to participate in the decision-making process regarding the direction, development and updates of their favorite games.

    Monetize gameplay with a play-to-earn model

    Gaming is already becoming a profession, and that trend will continue as future Internet technologies evolve.

    As Web3 technologies gain momentum, we’re seeing the rise of Play-to-Earn (P2E) models that allow players to monetize their in-game activities and achievements. P2E games reward players for completing tasks, battling other players, and progressing through levels. These rewards are typically in-game tokens or assets in the form of NFTs that can be traded, sold, or redeemed for real-world value. This innovative approach disrupts traditional game business models, makes gameplay more challenging, and encourages player engagement.

    The P2E model democratizes gaming by providing players with revenue opportunities, especially in regions with limited access to traditional financial systems.

    Axie Infinity is a popular P2E game based on blockchain technology. Players can earn rewards in Axie Infinity by breeding and selling digital pets called Axies, participating in battles, completing daily tasks and questions, and locking AXS tokens into their wallets or smart contracts.

    Redefining the gaming experience

    The future of gaming is certainly exciting as Metaverse and Web3 technologies usher in a new era of interconnected, immersive experiences. As these innovations continue to reshape the gaming landscape, we can expect to see an increasingly diverse and inclusive industry that offers great opportunities for both players and developers alike.

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