How did Gaming Web3 start? - Discover the Purpose that gave Origin to this Globally known Phenomenon called Play-to-Earn Gaming!

Introduction: What is Web3?

Web3 refers to the third generation of the internet, a new version of the web that prioritizes decentralization and user data control, thanks to the use of technologies like blockchain and smart contracts. Unlike Web2, where large centralized platforms like Google or Facebook own user data, Web3 puts the power back in the hands of the people, who can have full control over their digital assets. In this new environment, one of the most revolutionary trends in the ecosystem emerged: Web3 Gaming, which has given rise to the phenomenon of Play-to-Earn (P2E).

Who created the concept of Web3 Gaming?

The concept of Web3 Gaming does not have a single creator, but rather was the result of the joint evolution of several technological and philosophical innovations revolving around blockchain. However, a prominent name in this space is Vitalik Buterin, the creator of Ethereum. Although Ethereum was conceived as a platform for smart contracts and decentralized applications (dApps), its potential to host decentralized games, where players could earn cryptocurrencies and own verifiable digital assets on the blockchain, was soon discovered.

Over time, companies like Sky Mavis, with their flagship game Axie Infinity, and others

pioneers like Decentraland and The Sandbox, took these concepts and brought them into the realm of entertainment, creating virtual economies where players could exchange, sell, and use their digital assets in a completely decentralized manner.

What was the purpose of inventing Web3 games?

The main purpose of Web3 games was to empower players, giving them greater control over the assets they earned or acquired in games. In traditional video game models, assets (such as characters, weapons, or skins) are owned by the companies that develop the game, and players have no real rights over them.

Web3 changed this by allowing players to truly own the assets they earn in games, thanks to the use of non-fungible tokens (NFTs). These assets are unique, verifiable, and can be transferred, sold, or exchanged in external markets without the need for a centralized authority. This gave rise to the concept of Play-to-Earn (P2E), where players not only play for fun, but also earn monetary rewards in cryptocurrencies, creating new income streams and financial opportunities, especially in underdeveloped or economically vulnerable communities.

How have Blockchain Games evolved over time?

The early blockchain games were simple and focused mainly on the ownership of digital assets. An early example is CryptoKitties (2017), where users could breed and trade unique digital cats on the Ethereum blockchain. Although the gameplay was limited, it laid the foundation for Web3 games by showing

How blockchain could ensure scarcity and ownership of digital assets.

As technology advanced, more complex games began to emerge, such as Axie Infinity, which incorporated elements of strategy and combat, while allowing players to earn cryptocurrencies (in this case, SLP, an ERC-20 token). This evolution led millions of people to join the Play-to-Earn movement.

Over time, Web3 games have continued to expand, integrating enhanced graphics, more sophisticated gameplay experiences, and above all, the emergence of metaverses like The Sandbox or Decentraland, where players can create, explore, and monetize their own experiences within a shared virtual environment.

Are Web3 Games Worth It?

The question of whether Web3 games are worth it is complex and depends on the player's perspective. For some, especially in complicated economies, P2E games have represented a significant source of income. However, there are challenges to consider: Greed that ruins the excitement of new players for fun, the volatility of cryptocurrency markets that can affect the value of digital assets, and the long-term sustainability of Play-to-Earn models is still under discussion.

If you are interested in delving into this question, we invite you to read our article dedicated to ["Are Web Games Worth It?

Web3?", where we mention the pros and cons of this new paradigm in video games.

What is expected for the future?

The future of Web3 games is promising, but also uncertain. In the coming years, it is expected that the adoption of these technologies will grow, especially with the inclusion of more players, companies, and developers who see the potential of decentralized gaming. However, there are challenges ahead: the need to improve the scalability of blockchains, the creation of more engaging experiences for the average player, and the regulation of digital assets globally.

Gaming experiences are expected to become increasingly immersive, leveraging technologies such as augmented reality (AR) and virtual reality (VR) in combination with token economies on the blockchain. In addition, future projects could integrate more complex economic models, allowing players to have more ways to earn and spend within these digital ecosystems.

In conclusion, Web3 games and the Play-to-Earn model are just beginning to explore their true potential. As blockchain and Web3 technologies mature, we are likely to see a more robust, secure, and entertaining ecosystem. Are you ready to be part of this revolution? Join OLA and share your opinion The future of gaming is here!