$200B Industry - GAMING THE PAST THE PRESENT THE FUTURE 1/3

What do you think gamers do when they switch off their consoles or are away? That answers the popularity of Web 3.0 Gaming. Call of Duty has just over 100 Million gamers playing on consoles whilst on mobile a little over 250 Million. Now that's both still Web 2 gamers.

We are witnessing and are part of an era where Web 3 gamers are rising faster than the traditional Web 2 gamers. The rate of adoption is higher than the Web 2 gaming. It is because the gaming ecosystem is revolving around financial inclusion, value of assets they hoard and other factors. Newly preached Web 3 is growing and transforming the life of gamers. It is evident from the Web 3 gaming industry's growth. This article tries to analyze how Web 2 gaming is transitioning into Web 3.?

Looking at Web 2 gaming's most significant limitation, it is noticeable that the majority of the decision on the game ecosystem is bound by the game creators, studio, and owners, which may result in the ending of the gaming services on the occasion when gaming retires. Another limitation is that the users cannot diverge themselves profoundly into the gaming universe. User-generated content(UGC) has no recognition or ownership in the Web 2 platform is another observable limitation. A much-debated topic regarding the restriction of web2 is that of the Revenue streaming services.

Web3's acceptance and implementation confront substantial difficulties, although the change has already begun. Web 3 gaming offers asset ownership and tradability of those assets. It improved player experience around the world. Also, put forward economic incentives while playing the games. Players and developers can now communicate through DAO consensus and build accordingly. Web 3 gaming offers no risk of fraud in NFT trades. Also, your hard-earned virtual currencies can be monetized using Web 3.

Web3 gaming is an inevitable transition as the game is tied up with popular blockchains and are initiating Web 3 game developments. A lot of traditional Web 2 games, the gamers? Unlike Web 2, Web 3 gaming platforms provide far more opportunities for gamers and developers.

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