What Is Loyalty for Gaming?

Introducing Web3 Gaming

You’ve probably heard the term Web3 gaming, though it is still only in its initial stages of development. Considering how new this sector is, many questions arise: How does it differ from regular gaming? What makes Web3 gaming unique? What kind of Web3 games are there? How does it use NFTs and blockchain?

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What is Web3 Gaming?

Web3 gaming is the term applied to games that use cryptocurrency, NFTs or blockchain technology to enrich the user experience. This technology empowers players and delivers greater control over their digital identities and assets. In regular games, the player does not own assets once the game is over. Web3 gaming enables the user to acquire virtual assets or tokens, and keep them.

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Just how popular is Web3 Gaming?

Let’s take a look at some numbers: DappRadar reports that Web3 gaming accounted for half of all blockchain transactions in 2022.

A Coda Labs survey recently indicated that 75% of game developers expect to work with Web3 games in the future. 56% of the respondents believe that Web3 technology will revolutionize gaming. Web3 gaming is expected to be a critical driver for mainstream NFT adoption in the coming years. The blockchain gaming market size is expected to grow from $4.6 billion in 2022 to $65.7 billion by 2027. These statistics prove that Web3 gaming has a lot of potential.

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How does it work?

NFTs play a central role in Web3 Gaming. Players are able to completely own in-game assets and collectibles in the form of digital NFTs. This may refer to in-game skins, rare collectibles or access passes to exclusive content or future releases.

Players can own in-game assets on one platform and transfer them to another gaming platform.

In trading card games, users can buy, sell or trade cards on the digital marketplace, in the knowledge that all of the transactions are secure on the blockchain. Players can benefit from in-game economies where they own assets and can

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