Whereas Web3 gaming is a comparatively new {industry}, it has already established itself with a considerable market dimension, reaching virtually $7.9 billion in 2023. Estimates mission a powerful compound annual development price (CAGR) of roughly 68%, forecasting that the {industry} has the potential to exceed $300 billion by 2030. This clearly highlights the potential of Web3 gaming, and there’s no higher time than now to dive deeper into this sector. So, should you’re fascinated by familiarizing your self with it, learn on as we dive into the intricacies of Web3 gaming!
Overview
In at the moment’s article, we’ll kick issues off by diving straight into Web3 gaming. In doing so, we’ll clarify what it’s and the way it works. From there, we’ll evaluate Web2 and Web3 gaming to spotlight the variations between these two sectors. Subsequent, we’ll cowl the market dimension of the Web3 gaming {industry} to spotlight its potential. From there, we’ll dive into an inventory of 25 common Web3 video games and canopy the highest three platforms in additional element. Lastly, to high issues off, we’ll discover Moralis’ Web3 API suite, as that is the simplest method so that you can construct your personal Web3 sport!
Moralis is the {industry}’s premier Web3 API supplier, and with our instruments, you’ll be able to effortlessly capitalize on the potential of the Web3 gaming {industry} by constructing video games sooner and extra effectively. For example, with our free NFT API, you’ll be able to effortlessly combine non-fungible tokens (NFTs) into your sport with solely single strains of code. Nevertheless, this solely scratches the floor of Moralis, and if you wish to study extra, be part of us later within the ”The right way to Construct Web3 Video games…” part.
Additionally, do you know you can entry all our Web3 APIs fully free of charge? All it’s important to do is enroll with Moralis, and also you’ll have the ability to construct your first Web3 sport in a heartbeat!
Now, with out additional ado, let’s dive straight into it by what Web3 gaming is!
What’s Web3 Gaming?
Web3 gaming refers to an rising and fast-growing {industry} during which video games leverage and combine decentralized applied sciences. This consists of blockchains, good contracts, and cryptographic tokens, for instance. The purpose is to supply extra clear, safe, and player-centric experiences – marking a big paradigm shift within the gaming area!
To make higher sense of this, let’s discover some key elements of the Web3 gaming {industry}:
Blockchain Networks: One of many defining traits of Web3 video games is that they’re primarily based on blockchain networks like Ethereum, BNB Sensible Chain (BSC), and Polygon. This makes them decentralized, eradicating the only level of failure that many standard video games have. In consequence, Web3 video games permit for higher transparency, safety, and person management. Cryptographic Tokens: Within the Web3 gaming {industry}, non-fungible tokens (NFTs) characterize gadgets, characters, and different digital belongings. Additionally, many Web3 video games function native cryptocurrencies and use them for governance, staking, in-game transactions, and extra. Sensible Contracts: Sensible contracts are mainly packages working on blockchain networks. Moreover, these contracts execute when predetermined circumstances are met. Web3 video games usually leverage this expertise to permit customers to handle, switch, and commerce in-game belongings with out middleman involvement. DAOs: A DAO – brief for ”decentralized autonomous group” – refers back to the governing physique of a decentralized software (dapp), protocol, Web3 sport, or different blockchain-based platforms. Inside the Web3 gaming area, these organizations present a player-driven ecosystem the place communities can weigh in and vote on how platforms will transfer ahead.
However, that provides you an outline of what Web3 gaming entails. Within the subsequent part, we’ll look at the variations between Web2 and Web3 gaming!
Web2 vs. Web3 Gaming
Web2 gaming refers back to the standard {industry} you’re probably already conversant in, the place you’ll discover well-known video games like World of Warcraft, Counter-Strike, League of Legends, and so forth.
So, how does Web2 differ from Web3 gaming?
Beneath, we’ll have a look at 4 outstanding variations between these two areas:
Web3 Gaming Market Dimension
The Web3 gaming {industry} is comparatively new; nevertheless, it’s already enormous! The {industry} boasts a powerful market dimension of about $7.89 billion in 2023 and analysts count on this quantity to develop at a compound annual development price (CAGR) of about 68%. In consequence, the gaming {industry} might see a market dimension of $301 billion by 2030!
This anticipated development clearly highlights the potential inside the Web3 gaming {industry}. Due to this, it would show a profitable endeavor to construct your personal Web3 video games. If that is your ambition, be part of us within the ”How To Construct Web3 Video games…” part additional down beneath, the place we’ll introduce you to Moralis’ industry-leading Web3 API suite!
Web3 Gaming and Crypto
Cryptocurrencies play a significant position inside the Web3 gaming {industry}, and plenty of video games function their very own tokens. These cryptocurrencies basically change how video games create, alternate, and distribute worth. Beneath, we’ll have a look at 5 examples of how cryptocurrencies are utilized in Web3 video games:
In-Recreation Transactions: Cryptocurrencies are usually used as a medium of alternate in Web3 video games. As such, crypto ensures quick, safe, and borderless transactions, permitting customers to buy gadgets, commerce belongings, pay for subscriptions, and extra. Play-to-Earn (P2E): P2E is an modern mannequin that rewards gamers with crypto tokens for in-game achievements and gameplay. It is a important shift from standard gaming fashions, providing the common participant an opportunity to earn cash whereas gaming. Governance and Voting: In lots of Web3 video games, the platform’s native foreign money often doubles as a governance token, permitting holders to take part in decision-making processes relating to the platform. Staking: Some video games additionally permit customers to stake their tokens in return for rewards or to reinforce their in-game belongings. Facilitating a Decentralized Financial system: Cryptocurrencies present a player-driven financial system the place the worth is decided by the group and market dynamics moderately than the sport’s builders.
That provides you an outline of what Web3 gaming entails. Within the subsequent part, we’ll dive into an inventory of Web3 video games!
Web3 Video games Record
Now that you’ve got familiarized your self with the ins and outs of the Web3 gaming {industry}, you may be in search of some outstanding Web3 video games. In that case, then you definitely’re precisely the place that you must be. On this part, we’ll listing 25 common and well-established Web3 video games:
IlluviumAxie InfinityCryptoKittiesTryhardsThe SandboxDecentralandAavegotchiPixelsSplinterlandsSweat EconomyAlien WorldsNine ChroniclesStar AtlasDeFi LandSunflowerlandAuroryBlocklordsFarmers WorldSuperWalkUplandBenji BananasPlayMiningSecondLiveWombat Dungeon MasterEra7: Recreation of Fact
Within the following subsections, we’ll dive a bit deeper into the highest three platforms on the Web3 video games listing above!
Illuvium
Illuvium has been in improvement since 2020, however it was lastly launched about three years later, in November 2023. Illuvium is sometimes called the primary AAA sport on Ethereum, marking a big milestone inside the Web3 gaming area!
However what’s Illuvium?
Illuvium is a 3D open-world, role-playing fantasy battle sport constructed on the Ethereum blockchain community. The Illuvium world is inhabited by creatures referred to as “Illuvials” that may be captured by gamers who beat them in battle and nurse them again to well being. From then on, they change into loyal members of the participant’s assortment and can be utilized when battling different gamers.
Illuvium incorporates a native ERC-20 token referred to as ILV. Holders use this token for yield farming, staking, and governing the Illuvium DAO!
Axie Infinity
Sky Mavis developed Axie Infinity and launched the sport in 2018. On the time of writing, Axie Infinity is without doubt one of the largest platforms within the Web3 gaming area. It’s a Pokemon-like P2E sport the place gamers collect, develop, battle, and breed creatures referred to as ”Axies”. Moreover, these creatures – together with different in-game belongings – are represented by NFTs.
The Axie Infinity sport options two central ERC-20 tokens: Axie Infinity Shards (AXS) and Clean Love Potion (SLP). AXS is the governance token of the Axie Infinity ecosystem, whereas SLP is a utility token that gamers can earn by taking part in the sport.
CryptoKitties
CryptoKitties was created again in 2017 by Canadian start-up Axiom Zen, and it’s one of many first and most well known Web3 video games. CryptoKitties is an NFT-based sport the place customers can promote, purchase, commerce, and even ”breed” digital cats referred to as “CryptoKitties”. The breeding course of requires two NFT tokens, and the result’s a brand new NFT with distinctive traits from its lineage.
The recognition of CryptoKitties might be highlighted by the intense quantities that a few of these NFTs have been bought for. For example, one well-known instance is Dragon, which is a CryptoKitty that bought for 600 ETH or about $170,000 on the time of the transaction!
That provides you a short overview of a few of the hottest and well-known Web3 video games. If you wish to discover different initiatives, be sure that to go to Moralis’ dapp retailer: Web3 Wiki. With this device, you could find an inventory of Web3 video games, new DeFi and NFT dapps, and far more.
Now, if you wish to construct your personal Web3 video games, be sure that to affix us within the subsequent part as we introduce you to Moralis’ Web3 API suite!
The right way to Construct Web3 Video games – Introducing Moralis’ Web3 API Suite
With the outstanding development potential of the Web3 gaming {industry}, you would possibly discover it thrilling to construct Web3 video games your self. If so, we extremely advocate trying out Moralis!
Moralis is an industry-leading Web3 API supplier, and with our premier interfaces, you’ll be able to construct Web3 video games and different platforms considerably sooner and extra effectively!
In our suite of APIs, you’ll discover interfaces for a number of use instances, providing you with all the things that you must construct video games. To provide you just a few examples, you’ll discover three APIs beneath:
NFT API: Moralis’ NFT API is the last word device for NFT information, supporting greater than three million collections throughout all the most important blockchains, together with Ethereum, BNB Sensible Chain (BSC), Polygon, and plenty of others. With this interface, you’ll be able to seamlessly combine NFT metadata, transactions, worth information, and so forth., into your gaming ecosystem with solely single strains of code. For example, see how simple it’s to fetch the metadata of an NFT with the getNFTMetadata() endpoint:const response = await Moralis.EvmApi.nft.getNFTMetadata({
“chain”: “0x1”,
“handle”: “0xb47e3cd837dDF8e4c57F05d70Ab865de6e193BBB”,
“tokenId”: “1”
}); Pockets API: The Pockets API is the right device if you wish to combine pockets performance into your video games. With solely a single API name, you’ll be able to effortlessly get pockets balances, observe in-game NFT transfers, and far more. For instance, that is how simply you’ll be able to fetch the NFT stability of a pockets with the getWalletNFTs() endpoint:const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x1”,
“handle”: “0xff3879b8a363aed92a6eaba8f61f1a96a9ec3c1e”
}); Token API: Moralis’ Token API is the last word device should you’re trying to combine real-time token costs, pockets balances, transfers, and so forth., into your Web3 sport. What’s extra, this API helps each single token throughout ten+ EVM chains. Right here’s an instance of how simple it’s to fetch the worth of a token with the getTokenPrice() endpoint: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x1”,
“handle”: “0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0”
});
Learn our Web3 API documentation or try the Web3 API web page to study extra concerning the interfaces above!
Abstract: Web3 Gaming Explored – Full Web3 Video games Record
In at the moment’s article, we kicked issues off by exploring the ins and outs of Web3 gaming. In doing so, we discovered that it refers to video games integrating decentralized applied sciences to supply a safer and player-centric expertise! This consists of blockchains, good contracts, cryptocurrencies, and so forth.
We additionally dove into the market dimension of the Web3 gaming {industry}, the place we found that it’s virtually $8 billion in 2023. Nevertheless, we additionally discovered that the market can doubtlessly exceed a staggering $300+ billion by 2030.
From there, we additionally offered an inventory of 25 common Web3 video games, the place we explored three outstanding platforms particularly:
IlluviumAxie InfinityCryptoKitties
Lastly, to high issues off, we dove into Moralis’ Web3 API suite. In doing so, you found you can construct your personal Web3 video games sooner and extra effectively with Moralis’ APIs!
So, should you preferred this text, think about trying out extra content material right here on Moralis. For example, try our Holesky faucet information or uncover one of the best crypto alternate API for builders. Additionally, when you’ve got ambitions to construct your personal NFT sport, don’t overlook to enroll with Moralis. Furthermore, you’ll be able to create your account with out paying a dime, and also you’ll get on the spot entry to our premier Web3 APIs!
