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WEB 3 Gaming
18 June, 2023 : By Ajoy Maitra

We are now well versed with AI and Blockchain implementations in modern applications. Among the well-known applications of AI & Blockchain, WEB 3.0 is one of the latest and viral talks of the internet.

Decentralization of infrastructure and need of centralized servers, WEB 3.0 is more likely to generate personalized user experience through accurate predictive analysis of user’s behavioural pattern. Most efficiently interesting feature being free of any centralized control, it allows users as well as owners with full control and ability to continuously adapt the preferences.

WEB 3 Gaming utilises the blockchain technology to allow transparency, security and user control over the game assets.

BLOCKCHAIN IN GAMING

Blockchain Gaming

As we all know that, blockchain technology uses decentralized distributed ledger which is secured through a cryptographic chain. The use of blockchain in game makes it further difficult for hackers to spoil the gaming experience as players can safely enjoy while trading in some available assets.

WEB 3 Gaming allows players to earn and trade their assets without any third party interventions. Such assets earned can also be utilised in other gaming platforms apart from that particular game, in which the same has been earned.

Smart Contracts within the Blockchain technology, enhances the execution of tasks when certain conditions are met. Players buying and selling assets goes through the defined norms of the smart automated process. Such smart automated solutions have assured exponential growth to those games.

Not being restricted only to players, WEB 3 also provides opportunity to the developers to monetise their development process while players continue to enjoy the existing games.

With 1.7 billion players, it’s not only the largest in the world, but also brimming with growth potential. In 2019, the region generated $72 billion in revenue, representing 52% of the world’s annual gaming revenue.
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