Web3 Experts on Opportunities and Challenges in Making a Successful Web3 Game: Gamesbeat Summit 2023.
Gamesbeat Summit 2023 keeps going with interesting talks about Web3 games and their future. Urvit Goel of Polygon Labs, Serhat Maraslgil of BoomLand, and Peter Kieltyka of Horizon Blockchain Games got together on Day 1 to talk about "What's needed for the next successful Web3 game." Dean Takahashi, who is the lead writer for Gamesbeat, was there to ask some thought-provoking questions. How can you level up in Web3 games? What parts will make the next Web3 game a hit? What are the problems that game developers have to deal with when making Web3 games? And what can be done about it?
How Web3 Gaming is Different and What are the Opportunities?
Serhat was the first person to speak at GamesBeat Summit 2023. He talked about the possibilities that Web3 has for both gamers and developers. When it comes to Web3 games, there are a lot of chances for both sides. Starting with owning items in the game and going all the way up to putting power in the hands of the group as a whole. Along with community scaling, developers now have a number of new ways to make money. When it comes to Web3, the community is where it all starts and ends. In this way, Web2 works a little bit differently. Millions of people have downloaded Web2 games, which shows how popular and great they are. But game makers can be a bit insensitive to the gaming community when their games are downloaded a lot and do well. The people who make things happen hold on to power and don't give much or anything to the players. The decisions are made by a small group of people who don't know much about what the gamers really want.
On the other hand, Web3 gives the gaming community full ownership rights to digital things by using blockchain technology. Also, players help the game's creators make decisions, which means that they and the players build the game together. This is also clear from the first step, which is to make a Discord community group. This is a normal step that all Web3 game developers take when making a Web3 game.
How Web3 Will Benefit Gamers at Large?
Peter talks about Web3 gaming, its perks, and how it is different from Web2 gaming in Gamesbeat Summit. Peter uses an easy but good example to explain how Web3 technology will work with video games. At first, games had single-player and story modes, each of which was a different way to play. But when online modes and games were added, the whole way people thought about and played games changed a lot. Multiplayer games added a whole new level and way of playing to video games. The same is true for Web3 gaming. Web3 technology is just another example of how video games are always getting better.
The new breed of internet protocols is like digital goods and how we can handle them in video games in terms of how they work together. Web3 uses blockchain technology to build public platforms where records of ownership are kept. Also, NFTs and how they work with blockchain technology give users a lot. Why do people buy NFTs, though? Peter gives three reasons: they are useful, they make you look good, and they are fun to buy. The metaverse is made up of this public infrastructure and these standard protocols.
Web3 Gaming Collabs vs Web2 Gaming Collabs
Urvit Goel tells the Gamesbeat crowd about another interesting pivot that has to do with how a video game and other businesses can work together. In Web2 games like Fortnite, Marvel or Star Wars work really well with Fortnite and other IPs, companies, etc. But bringing something from another business in takes a lot of work, agreements, legal advice, and other things. On the other hand, in Web3, game developers can do it without any problems and even without getting permission first. For instance, Nike's digital collection is on the blockchain, so it won't be hard to use them in another blockchain game.
Obvious Challenges in Web3 Games
All three speakers talked about some of the problems that come up when making a web3 game. Some are about how things work, while others are more about how people see things. Developers often face problems with tokenization, such as what a token's value should be and what it should be used for. Which is better in the game: hard currency tokenization or soft currency tokenization? Keeping up with the market values and the instability of the crypto market is also a very hard thing to do.
Even if developers decide not to make an NFT marketplace or tokenize in-game cash, the community might step in and fill the gap. So, the game makers are still in a tough spot. There are also questions about how well the in-game business will work as the number of players grows from 500 to 5 million.
Urvit also said that the game community likes the idea of non-fungible tokens (NFTs), but they don't like how NFTs are being put on the market. The Reddit poll shows that the idea of NFTs is liked by gamers. The panel talked about other technical issues, like making a wallet, making sure that wallets are safe, putting other digital items in wallets, etc. The strong Web3 environment has a way to deal with these problems. But everything is moving quickly, which is both a problem and an answer.
The Solution Part Got Cut Off
The panel couldn’t get through with the solution part due to the fire alarm going off and blaring in the hall. The panelists eventually had to leave the premises.
Stay with us as we bring more to Gamesbeat 2023 Summit.
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