The countless advantages of emerging technologies are causing them to spread rapidly across all industries. There is no denying the significant change that has taken place in the gaming market over the past few years. Compared to their infancy, games have come a long way in terms of player interaction, visual appeal, depth of story and world, ease of use, in-game purchases, and more.
Today, the most powerful tool at our disposal is the Metaverse, made possible by blockchain technology—the Metaverse’s incredible twist on the games. In addition to playing games, users can chat with one another, explore their surroundings with cutting-edge augmented and virtual reality technology, and more. The “play to earn” model used by these metaverse games allows players to make money while they have fun. Companies specializing in creating web3 virtual games for enthusiasts have sprung up due to the growing market for such games.
As we progress further into metaverse games, our interest in learning more about them grows. If you’re a gamer interested in exploring blockchain-powered games, this blog is for you.
To introduce the concept of Metaverse, let’s first provide some background information:
What is the Metaverse?
The Metaverse is a fully immersive digital copy of our physical universe. AR/VR, IoT, AI/ML, 3D reconstruction, and blockchain are the top-tier technologies reliably power the Metaverse. Users experience a carbon copy of their lives when they use special gear to enter a virtual world.
This phenomenon is unprecedented in its ability to bring together online users from all over the world. In the Metaverse, people can meet, talk, play games, and do many other things together. Players will feel more immersed in the game when this feature is implemented.
The potential of the Metaverse is so great that it is already revolutionizing the virtual gaming industry.
How is the Metaverse Transforming the Gaming industry?
Metaverse provides users with a cutting-edge gaming platform. Below, we’ve laid out some examples to help you get the picture:
Non-Fungible Tokens (NFTs) are digital currencies that cannot be spent or exchanged for cash. Metaverse and NFTs are intrinsically linked. Today’s Metaverse increasingly relies on NFTs. New Floating Tokens (NFTs) allow users to purchase and take legal possession of virtual items anywhere in the game. Players in metaverse games earn NFTs that can be cashed in for more game time or traded for other goods and services in the real world. By this means, NFTs are causing a paradigm shift in online gaming.
To Improve the Gaming Experience
The gaming industry’s top priority is ensuring players have a fantastic time. Many business people are using this motivation to create innovative new games. Complementing these original ideas with cutting-edge technology, such as the Metaverse and related tools, is essential. The true definition of the term “Metaverse” describes how this medium is revolutionizing players’ ability to earn money while immersed in a world unlike any other. Players are flocking to this model because they no longer have to pay to participate and can earn money as they play. Furthermore, players can increase their earnings by selling or exchanging in-game assets they have acquired after completing specific levels. As a result, players can enjoy a breathtaking virtual reality gaming experience in the Metaverse.
The Metaverse has the potential to greatly benefit gamers by letting them take their avatars and attributes with them as they travel from one gaming world to another. In this context, we’re talking about avatars and other playable content from the game that can be exported to other games. Interoperability describes this quality. Therefore, it is not wrong to say that the Metaverse offers interoperability to much extent.
Play to Earn
P2E is the foundation of the play-to-earn Metaverse. The most important aspect of metaverse gaming is the ability to earn rewards in the form of NFTs or cryptocurrencies that can be exchanged for fiat currencies. More time spent in the metaverse games increases the likelihood that players will amass valuable in-game assets, which can then be traded in NFT marketplaces or other digital or real-world currency platforms.
The Gaming Technology Behind the Metaverse
Any Web3 game development company serious about bringing the Metaverse to the gaming industry will use the emerging tech stack. Look here, for example:
Leading technologies fostering the growth of Metaverse games include augmented and virtual reality. This help brings natural and responsive 3D environments to users. New visual components are being used in AR technology to create a hybrid reality. It allows people to have fully immersive experiences on their mobile devices.
Creating a 3D Model
In the name of the virtual world, 3D reconstruction allows for a replica of the real world to be formed. As a result of 3D modeling and animation advancements, a digital ecosystem that looks and feels more like the real world is now within reach. Unique 3D cameras help create lifelike representations of real-world objects, buildings, and locations.
“IoT” refers to the interconnection of all devices over the web. Internet of Things (IoT) in the Metaverse is used to gather, acquire, and put to good use data from the real world to ensure the smooth operation of the Metaverse. Connecting real-world devices like virtual reality headsets, haptic gloves, voice recognition, speakers, etc., to the 3D virtual world enables them to adapt to various situations.
Bitcoin and Blockchain
Coinbase and the Distributed Ledger Technology (Blockchain)
Strong decentralized blockchain technology is the foundation of the metaverse idea. Powered by blockchain, it offers many benefits, such as digital collectability, value transfer, and proof of ownership. Cryptocurrencies, which are similar to real-world currencies, can be used by players to buy and sell virtual items in the 3D Metaverse.
For clarity, let’s say that “edge computing” refers to a network-based cloud computing and service delivery paradigm that offers users solutions for computation, storage, data, and applications. Faster data transmission is a necessity for the Metaverse’s technological infrastructure. The technology known as edge computing caters to the global modern business need for faster data transmission. Distributed computing allows users to take advantage of edge computing capabilities without requiring a complex hardware setup.
Here are a few of the most played games in the Metaverse.
The Sandbox was created by some of the best minds in the Metaverse and is widely considered to be one of the best games in the Metaverse. It was developed on the Ethereum blockchain using smart contracts and blockchain technology. Its visually pleasing layout draws in lots of players. Players can build virtual empires and earn money from their creations. Authors of NFTs can keep what they make in a sandbox environment. Participants in the ecosystem receive benefits as a result of their involvement. The Sandbox controls nearly 7% of the market share in the Metaverse. The Sandbox is a playground where avid gamers can create games for the Metaverse. VoxEdit allows its users to create their custom game assets.
Another popular Pokemon-inspired metaverse blockchain game is Axie Infinity. Released in 2018, the game is relatively recent. In this world, every Axie has its personality and quirks. Players must control at least three Axes, engage in conflict with other Axes, and win to level up. The fact that this game kept many unemployed Filipinos alive during the 2009 COVID-19 pandemic is a major plus. Players could win NFTs in the game and exchange them for real money. Axie Infinity’s $9 billion market cap is just one of the many reasons it is such a successful game in the Metaverse.
The most popular metaverse game, Illuvium, is based on the Ethereum blockchain. The game’s main objective is to travel around the expansive digital world and collect powerful items called “Illuvials.” The release of Illuvium occurred in the first three months of 2022, and it currently has a market cap of $1 billion. Video footage from Illuvium is commonly shown in discussions about it. Fans of the Metaverse, however, have praised Illuvium for its stunning visuals and exciting gameplay. The vibrant setting of Illuvium adds a new dimension to the game’s appeal. The realistic gameplay in Illuvium may attract many players.
In light of the preceding, it should be no surprise that the Metaverse is causing a thrilling revolution in virtual gaming. The AR/VR technology that powers the Metaverse allows for a highly realistic player experience. Despite being in its infancy, the popularity of metaverse games among gamers is soaring.
These games’ innovative P2E business models attract millions of new players daily. Metaverse games allow players to work together to increase the fun, invite their social media friends, and much more.
If you want to provide your customers with a gaming platform, you can contact any web3 development company.