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 undertaking a formidable compound annual development fee (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, for those who’re desirous about familiarizing your self with it, learn on as we dive into the intricacies of Web3 gaming!
Overview
In in the present day’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 dimension 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 personal 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 sooner and extra effectively. For example, with our free NFT API, you possibly can effortlessly combine non-fungible tokens (NFTs) into your recreation with solely single strains of code. Nonetheless, this solely scratches the floor of Moralis, and if you wish to study extra, be part of us later within the ”Tips on how to Construct Web3 Video games…” part.
Additionally, do you know that you would be able to entry all our Web3 APIs utterly free of charge? All it’s important to do is enroll with Moralis, and also you’ll be capable of 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 major 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 based mostly on blockchain networks like Ethereum, BNB Sensible Chain (BSC), and Polygon. This makes them decentralized, eradicating the one level of failure that many typical video games have. Consequently, Web3 video games enable for better transparency, safety, and person management. Cryptographic Tokens: Within the Web3 gaming {industry}, non-fungible tokens (NFTs) symbolize objects, 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 applications working on blockchain networks. Moreover, these contracts execute when predetermined situations 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 – quick for ”decentralized autonomous group” – refers back to the governing physique of a decentralized software (dapp), protocol, Web3 recreation, 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.
Nonetheless, 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 typical {industry} you’re possible already conversant in, the place you’ll discover well-known video games like World of Warcraft, Counter-Strike, League of Legends, and so on.
So, how does Web2 differ from Web3 gaming?
Under, 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 formidable market dimension of about $7.89 billion in 2023 and analysts anticipate this quantity to develop at a compound annual development fee (CAGR) of about 68%. Consequently, the gaming {industry} might see a market dimension of $301 billion by 2030!
This anticipated development clearly highlights the potential throughout the Web3 gaming {industry}. Due to this, it’d 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 throughout the Web3 gaming {industry}, and lots of video games function their very own tokens. These cryptocurrencies basically change how video games create, trade, and distribute worth. Under, we’ll have a look at 5 examples of how cryptocurrencies are utilized in Web3 video games:
In-Sport Transactions: Cryptocurrencies are usually 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 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. This can be a important shift from typical 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 normally 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 belongings. Facilitating a Decentralized Economic system: Cryptocurrencies present a player-driven financial system the place the worth is decided by the neighborhood and market dynamics somewhat than the sport’s builders.
That offers you an outline of what Web3 gaming entails. Within the subsequent part, we’ll dive into a listing of Web3 video games!
Web3 Video games Checklist
Now that you’ve 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, you then’re precisely the place you must be. On this part, we’ll checklist 25 standard and well-established Web3 video games:
IlluviumAxie InfinityCryptoKittiesTryhardsThe SandboxDecentralandAavegotchiPixelsSplinterlandsSweat EconomyAlien WorldsNine ChroniclesStar AtlasDeFi LandSunflowerlandAuroryBlocklordsFarmers WorldSuperWalkUplandBenji BananasPlayMiningSecondLiveWombat Dungeon MasterEra7: Sport of Fact
Within the following subsections, we’ll dive a bit deeper into the highest three platforms on the Web3 video games checklist above!
Illuvium
Illuvium has been in improvement since 2020, but it surely was lastly launched about three years later, in November 2023. Illuvium is also known as the primary AAA recreation on Ethereum, marking a major milestone throughout the Web3 gaming area!
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 change into loyal members of the participant’s assortment and can be utilized when battling different gamers.
Illuvium encompasses 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 area. It’s a Pokemon-like P2E recreation the place gamers collect, develop, battle, and breed creatures generally known as ”Axies”. Moreover, these creatures – together with different in-game belongings – are represented by NFTs.
The Axie Infinity recreation options two central ERC-20 tokens: Axie Infinity Shards (AXS) and Easy 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 might be highlighted by the acute 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 offers you a quick overview of among the hottest and well-known Web3 video games. If you wish to discover different initiatives, be sure to go to Moralis’ dapp retailer: Web3 Wiki. With this instrument, you will discover a listing of Web3 video games, new DeFi and NFT dapps, and rather more.
Now, if you wish to construct your personal Web3 video games, be sure to hitch us within the subsequent part as we introduce you to Moralis’ Web3 API suite!
Tips on how to Construct Web3 Video games – Introducing Moralis’ Web3 API Suite
With the exceptional development potential of the Web3 gaming {industry}, you would possibly discover it thrilling to construct Web3 video games your self. If that is 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 sooner and extra effectively!
In our suite of APIs, you’ll discover interfaces for a number of use circumstances, providing you with all the things you must construct video games. To present you a couple of examples, you’ll discover three APIs beneath:
NFT API: Moralis’ NFT API is the last word instrument for NFT information, supporting greater than three million collections throughout all the most important blockchains, together with Ethereum, BNB Sensible Chain (BSC), Polygon, and lots of others. With this interface, you possibly can seamlessly combine NFT metadata, transactions, worth information, and so on., into your gaming ecosystem with solely single strains of code. For example, see how straightforward it’s to fetch the metadata of an NFT with the getNFTMetadata() endpoint:const response = await Moralis.EvmApi.nft.getNFTMetadata({
“chain”: “0x1”,
“deal with”: “0xb47e3cd837dDF8e4c57F05d70Ab865de6e193BBB”,
“tokenId”: “1”
}); Pockets API: The Pockets API is the proper instrument if you wish to combine pockets performance into your video games. With solely a single API name, you possibly can effortlessly get pockets balances, monitor in-game NFT transfers, and rather more. For instance, that is how simply you possibly can fetch the NFT stability of a pockets with the getWalletNFTs() endpoint:const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x1”,
“deal with”: “0xff3879b8a363aed92a6eaba8f61f1a96a9ec3c1e”
}); Token API: Moralis’ Token API is the last word instrument for those who’re trying to combine real-time token costs, pockets balances, transfers, and so on., into your Web3 recreation. What’s extra, this API helps each single token throughout ten+ EVM chains. Right here’s an instance of how straightforward it’s to fetch the value of a token with the getTokenPrice() endpoint: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x1”,
“deal with”: “0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0”
});
Learn our Web3 API documentation or try the Web3 API web page to study extra in regards to the interfaces above!
Abstract: Web3 Gaming Explored – Full Web3 Video games Checklist
In in the present day’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 contains blockchains, sensible contracts, cryptocurrencies, and so on.
We additionally dove into the market dimension of the Web3 gaming {industry}, the place we found that it’s virtually $8 billion in 2023. Nonetheless, we additionally discovered that the market can doubtlessly 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 outstanding platforms particularly:
IlluviumAxie InfinityCryptoKitties
Lastly, to prime issues off, we dove into Moralis’ Web3 API suite. In doing so, you found that you would be able to construct your personal Web3 video games sooner and extra effectively with Moralis’ APIs!
So, for those who preferred this text, contemplate trying out extra content material right here on Moralis. For example, try our Holesky faucet information or uncover the very best crypto trade API for builders. Additionally, when you’ve got ambitions to construct your personal NFT recreation, don’t neglect 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!
