Future of Web3 Gaming: 10 Must-Know Lessons From Industry Pacesetters
TL;DR
Revolutionizing Web3 Gaming: Kap Games announces Captain & Company, a new 128-player naval battle arena game with unique economic models and NFT integration, aiming to make Web3 gaming accessible to a broad audience.
Seamless Onboarding and Economic Innovation: Magic Labs enhances player onboarding into Web3 gaming, while the game's economic model offers rewards shared between NFT owners and crew, fostering a dynamic gameplay experience.
Future Predictions and Technological Advancements: The collaboration between Magic Labs, Kap Games, and Arbitrum focuses on fairness, transparency, and the potential of mobile gaming in Web3, with dedicated blockchain technology solutions expected to drive the industry's evolution.
Magic Labs, Kap Games, and Arbitrum all came together in a Twitter spaces event to discuss the future of Web3 gaming. The captivating conversation focused on the significant updates in the industry’s evolution and the possible effects on traditional gaming.
The event was an eye-opener, shedding light on the innovative developments in Web3 gaming and highlighting the collaborative efforts of leading entities involved in the discussion to enhance player experiences in a virtual world. It also explored onboarding new gamers into the blockchain gaming ecosystem.
Here are the top 10 key insights from the panel:
#Introduction of a Revolutionary Web3 Game by Kap Games
Kap Games announced their ambitious project, Captain & Company, a 128-player naval battle arena game, blending elements from popular games like Sea of Thieves with intricate economic loops akin to Eve and Puzzle Pirates. This game aims to make Web3 gaming accessible and enjoyable for a broad audience.
The game will offer an immersive experience for its two categories of Players. Gamers will participate in the game either as "Captains" owning and piloting their ships or "company", shipless individuals who must join a captain's ship and work together battling other ships for wins and rewards on a smart contract—NFTs, crypto, and other digital assets.
The rewards will be tradeable on open public marketplaces in the web3 game's player-operated crafting economy.
#Leveraging Magic's WaaS for Seamless Onboarding
Magic's Wallet-as-as-Service (WaaS) technology is crucial in simplifying the player onboarding process, ensuring a smooth transition into Web3 gaming without the typical hurdles associated with blockchain technologies.
Magic Labs provides instant non-custodial wallet creation for businesses in the Web3 space, including game development companies. In contributing to the future of Web3 gaming, it offers a sophisticated platform that facilitates seamless digital asset management and secure transactions within the Web3 gaming market.
Magic is fully set to commit its expertise, skills, and resources to achieve the envisaged future of Web3 gaming and transform the gaming landscape with advanced Web3 technology. And that starts with its integrations with Kap Games and Arbitrum.
#NFT Integration in Gameplay
The panel discussed the innovative use of NFTs within the game. This included allowing players to own ships fully and partake in an economic model that rewards NFT owners (captains) and their crew, creating a unique gaming dynamic.
NFTs are crucial to gameplay as the game's premise is based on naval battles between players using ships that only NFT owners can obtain.
In addition, winning battles gives gamers access to loot, for example, nuggies and gameplay blueprints, all of which are NFTs or other interesting digital assets.
#The Economic Model of Kap Games' New Project
The game introduces a novel economic model where rewards from battles are divided between the ship's owner and the crew, infusing an element of risk and reward that enhances the gaming experience.
The “captain” is the ship owner and gets the biggest cut from the battle rewards, while the “Company”, or shipmates, also get rewards according to their efforts.
The “captains” also incur the biggest loss when there's damage to the ship. They're responsible for ensuring the vessels remain in good condition and will pay the harbormaster for repairs when needed.
Conversely, “company” players get to enjoy the game at zero risk. They only need to sign up for free, hop on a ship, and enjoy the epic games.
#The Role of Arbitrum in Web3 Gaming
Arbitrum's partnership with Magic Labs and Kap Games underscores its commitment to supporting the Web3 gaming ecosystem through its advanced blockchain solutions, ensuring scalability, security, and low transaction fees.
Arbitrum is a layer 2 Ethereum solution provider that develops advanced blockchain elements and solutions. Arbitrum's involvement and experience in Web3 game development are reflected in its numerous solutions, including
- Treasure DAO, a decentralized gaming network
- Arbitrum Nova, the first AnyTrust chain
- Xai, a network existing on Arbitrum that combines the scalability and efficiency of Arbitrum's layer-2 with custom optimizations and improvements to the user experience
#Anticipated Launch and Accessibility
Kap Games shared updates about their game's launch, emphasizing its accessibility and aiming to attract a vast player base, including those new to Web3 gaming. They plan to make it free for all, providing attractive rewards and leveraging Magic Labs' user-friendly onboarding solutions to provide a seamless transition for gamers.
To learn how Magic's Wallet-as-a-Service (WaaS) can improve your web3 game, visit https://magic.link/enterprise and book a demo.
#Importance of Fairness and Transparency
The discussion highlighted the significance of fairness in gaming, with Web3 technologies offering verifiable and transparent game mechanics that could set a new standard in the gaming industry.
Full transparency will significantly influence the future of Web3 gaming, especially concerning checking unethical behavior and fraudulent practices.
#Mobile Gaming and Web3
The panelists expressed optimism about the potential of mobile gaming within the Web3 space, noting its capacity to attract a diverse and willing audience to move away from traditional games and experiment with new gaming formats.
The number of mobile gamers globally is expected to reach 1.9 billion by the year 2027. The more mobile gamers there are, the more people are likely to experiment with a Web3 gaming platform.
The rising interest in blockchain technology and digital asset ownership will also influence the future of Web3 gaming.
#Dedicated Blockchain Solutions for Gaming
The emergence of dedicated blockchain solutions tailored for gaming platforms was identified as a trend to watch, offering customized environments for developers to build and launch their Web3 games.
Blockchain gaming continues to evolve impressively with the Play-to-earn concept, making it even more attractive to gamers.
#The Future of Web3 Gaming
The panel concluded with predictions for the Web3 gaming industry, emphasizing the continuous improvement of user experience, the integration of fair gameplay mechanics, and the expansion of mobile gaming as key factors driving the future of Web3 gaming.
#FAQs on the Future of Web3 Gaming
#How Do Web3 Games Work?
Web3 games operate on blockchain technology, offering decentralization, transparency, and player ownership.
The decentralized nature of Web3 games implies that no single entity has sole control and administration of the game. Plus, with blockchain integration, in-game assets are represented as tokens that are owned by the players.
Gameplay mechanics, rewards distribution, and in-game economies in Web3 games are enforced by self-executing smart contracts.
#How to get into web3 gaming?
The following are essential for gamers in the Web3 space
- Wallet: You need web3-compatible wallets to store your cryptocurrency and in-game NFT assets.
- Cryptocurrency: Most Web3 games will require you to incur costs you can only pay for with crypto. For example, purchasing in-game NFT assets is a common expense in Web3 games. To get cryptocurrency, you may either purchase it from others or earn it at special events.
- Blockchain technology knowledge: You'll also need to have a basic understanding of how blockchain technology works to enjoy Web3 gaming.
#Is it possible to make money from Web3 games?
Yes, many Web3 games offer tremendous money-making opportunities through play-to-earn mechanics, allowing players to earn crypto by completing tasks within the game or achieving milestones.
The tokens a player earns in-game go to their wallets, and they can utilize them for any purpose they decide.
#Final Words
Overall, the Twitter spaces provided invaluable insights into the future of Web3 gaming, highlighting the collaborative efforts and innovative technologies shaping the industry's evolution.
As Web3 gaming continues to grow, these developments promise to bring a new era of gaming that is more accessible, fair, and immersive for players around the world.
Magic is a wallet-as-a-service provider that facilitates seamless digital asset management and secure transactions within Web3 gaming environments.
To learn how Magic's Wallet-as-a-Service (WaaS) can improve your web3 game, visit https://magic.link/enterprise and book a demo.
