Whereas Web3 gaming is a comparatively new {industry}, it has already established itself with a considerable market measurement, reaching virtually $7.9 billion in 2023. Estimates venture 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, if you happen to’re serious about familiarizing your self with it, learn on as we dive into the intricacies of Web3 gaming!
Overview
In at this time’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 examine Web2 and Web3 gaming to spotlight the variations between these two sectors. Subsequent, we’ll cowl the market measurement of the Web3 gaming {industry} to spotlight its potential. From there, we’ll dive into a listing of 25 standard Web3 video games and canopy the highest three platforms in additional element. Lastly, to prime issues off, we’ll discover Moralis’ Web3 API suite, as that is the simplest manner so that you can construct your individual Web3 recreation!
Moralis is the {industry}’s premier Web3 API supplier, and with our instruments, you possibly can effortlessly capitalize on the potential of the Web3 gaming {industry} by constructing video games quicker and extra effectively. As an example, with our free NFT API, you possibly can effortlessly combine non-fungible tokens (NFTs) into your recreation with solely single traces 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 best way to Construct Web3 Video games…” part.
Additionally, do you know which you can entry all our Web3 APIs fully free of charge? All it’s a must to do is join with Moralis, and also you’ll be capable to construct your first Web3 recreation in a heartbeat!
Now, with out additional ado, let’s dive straight into it by taking a look at 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 contains blockchains, sensible contracts, and cryptographic tokens, for instance. The objective is to supply extra clear, safe, and player-centric experiences – marking a big paradigm shift within the gaming house!
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 enable for higher transparency, safety, and person management. Cryptographic Tokens: Within the Web3 gaming {industry}, non-fungible tokens (NFTs) symbolize objects, characters, and different digital property. Additionally, many Web3 video games characteristic native cryptocurrencies and use them for governance, staking, in-game transactions, and extra. Sensible Contracts: Sensible contracts are mainly packages operating on blockchain networks. Moreover, these contracts execute when predetermined circumstances are met. Web3 video games sometimes leverage this expertise to permit customers to handle, switch, and commerce in-game property with out middleman involvement. DAOs: A DAO – quick for ”decentralized autonomous group” – refers back to the governing physique of a decentralized software (dapp), protocol, Web3 recreation, or different blockchain-based platforms. Throughout the Web3 gaming house, these organizations present a player-driven ecosystem the place communities can weigh in and vote on how platforms will transfer ahead.
However, that offers you an summary 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 doubtless already accustomed to, the place you’ll discover well-known video games like World of Warcraft, Counter-Strike, League of Legends, and many others.
So, how does Web2 differ from Web3 gaming?
Beneath, we’ll take a look at 4 distinguished variations between these two areas:
Web3 Gaming Market Dimension
The Web3 gaming {industry} is comparatively new; nevertheless, it’s already large! The {industry} boasts a powerful market measurement 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} may see a market measurement of $301 billion by 2030!
This anticipated development clearly highlights the potential inside the Web3 gaming {industry}. Due to this, it’d show a profitable endeavor to construct your individual Web3 video games. If that is your ambition, be part of us within the ”How To Construct Web3 Video games…” part additional down under, the place we’ll introduce you to Moralis’ industry-leading Web3 API suite!
Web3 Gaming and Crypto
Cryptocurrencies play an important position inside the Web3 gaming {industry}, and plenty of video games characteristic their very own tokens. These cryptocurrencies essentially change how video games create, trade, and distribute worth. Beneath, we’ll take a look at 5 examples of how cryptocurrencies are utilized in Web3 video games:
In-Recreation Transactions: Cryptocurrencies are sometimes used as a medium of trade in Web3 video games. As such, crypto ensures quick, safe, and borderless transactions, permitting customers to buy objects, commerce property, pay for subscriptions, and extra. Play-to-Earn (P2E): P2E is an progressive mannequin that rewards gamers with crypto tokens for in-game achievements and gameplay. This can be 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 forex often doubles as a governance token, permitting holders to take part in decision-making processes relating to the platform. Staking: Some video games additionally enable customers to stake their tokens in return for rewards or to reinforce their in-game property. Facilitating a Decentralized Economic system: Cryptocurrencies present a player-driven economic system the place the worth is set by the group and market dynamics moderately than the sport’s builders.
That provides you an summary of what Web3 gaming entails. Within the subsequent part, we’ll dive into a listing of Web3 video games!
Web3 Video games Record
Now that you’ve familiarized your self with the ins and outs of the Web3 gaming {industry}, you is likely to be on the lookout for some distinguished Web3 video games. If that’s the case, you then’re precisely the place it’s essential be. On this part, we’ll listing 25 standard and well-established Web3 video games:
IlluviumAxie InfinityCryptoKittiesTryhardsThe SandboxDecentralandAavegotchiPixelsSplinterlandsSweat EconomyAlien WorldsNine ChroniclesStar AtlasDeFi LandSunflowerlandAuroryBlocklordsFarmers WorldSuperWalkUplandBenji BananasPlayMiningSecondLiveWombat Dungeon MasterEra7: Recreation of Reality
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, but it surely was lastly launched about three years later, in November 2023. Illuvium is sometimes called the primary AAA recreation on Ethereum, marking a big milestone inside the Web3 gaming house!
However what’s Illuvium?
Illuvium is a 3D open-world, role-playing fantasy battle recreation constructed on the Ethereum blockchain community. The Illuvium world is inhabited by creatures known as “Illuvials” that may be captured by gamers who beat them in battle and nurse them again to well being. From then on, they turn into loyal members of the participant’s assortment and can be utilized when battling different gamers.
Illuvium incorporates a native ERC-20 token known 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 among the largest platforms within the Web3 gaming house. It’s a Pokemon-like P2E recreation the place gamers collect, develop, battle, and breed creatures referred to as ”Axies”. Moreover, these creatures – together with different in-game property – are represented by NFTs.
The Axie Infinity recreation 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 widely known Web3 video games. CryptoKitties is an NFT-based recreation the place customers can promote, purchase, commerce, and even ”breed” digital cats known 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 could be highlighted by the intense quantities that a few of these NFTs have been offered for. As an example, one well-known instance is Dragon, which is a CryptoKitty that offered for 600 ETH or about $170,000 on the time of the transaction!
That provides you a quick overview of a number of the hottest and well-known Web3 video games. If you wish to discover different initiatives, ensure to go to Moralis’ dapp retailer: Web3 Wiki. With this device, you could find a listing of Web3 video games, new DeFi and NFT dapps, and rather more.
Now, if you wish to construct your individual Web3 video games, ensure to affix us within the subsequent part as we introduce you to Moralis’ Web3 API suite!
The best way to Construct Web3 Video games – Introducing Moralis’ Web3 API Suite
With the exceptional development potential of the Web3 gaming {industry}, you may discover it thrilling to construct Web3 video games your self. If so, we extremely suggest trying out Moralis!
Moralis is an industry-leading Web3 API supplier, and with our premier interfaces, you possibly can construct Web3 video games and different platforms considerably quicker and extra effectively!
In our suite of APIs, you’ll discover interfaces for a number of use instances, supplying you with every little thing it’s essential construct video games. To offer you a number of examples, you’ll discover three APIs under:
NFT API: Moralis’ NFT API is the final word device for NFT knowledge, 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 possibly can seamlessly combine NFT metadata, transactions, worth knowledge, and many others., into your gaming ecosystem with solely single traces of code. As an 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 possibly can effortlessly get pockets balances, observe in-game NFT transfers, and rather more. For instance, that is how simply you possibly can fetch the NFT steadiness 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 final word device if you happen to’re trying to combine real-time token costs, pockets balances, transfers, and many others., into your Web3 recreation. 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 take a look at the Web3 API web page to study extra concerning the interfaces above!
Abstract: Web3 Gaming Explored – Full Web3 Video games Record
In at this time’s article, we kicked issues off by exploring the ins and outs of Web3 gaming. In doing so, we realized that it refers to video games integrating decentralized applied sciences to supply a safer and player-centric expertise! This contains blockchains, sensible contracts, cryptocurrencies, and many others.
We additionally dove into the market measurement of the Web3 gaming {industry}, the place we found that it’s virtually $8 billion in 2023. Nevertheless, we additionally realized that the market can probably exceed a staggering $300+ billion by 2030.
From there, we additionally offered a listing of 25 standard Web3 video games, the place we explored three distinguished platforms particularly:
IlluviumAxie InfinityCryptoKitties
Lastly, to prime issues off, we dove into Moralis’ Web3 API suite. In doing so, you found which you can construct your individual Web3 video games quicker and extra effectively with Moralis’ APIs!
So, if you happen to appreciated this text, take into account trying out extra content material right here on Moralis. As an example, take a look at our Holesky faucet information or uncover the very best crypto trade API for builders. Additionally, if in case you have ambitions to construct your individual NFT recreation, don’t overlook to enroll with Moralis. Furthermore, you possibly can create your account with out paying a dime, and also you’ll get immediate entry to our premier Web3 APIs!
