How gaming is transitioning to Web3

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From Web2 to Web3: a revolution that is turning the gaming world upside down. But what does this transformation mean for game developers and gamers? What challenges are they facing and what new opportunities are opening up? And what is the role of blockchain technology and tokenomics in this new era? Immerse yourself in a fascinating journey through the emerging age of open Web3 gaming.

From closed Web2 to open Web3 and the importance of sustainability

CharacteristicsWeb2Web3
economic modelClosedOpen
AssetsInternalExternal
governanceCentraldecentralized
In-Game OwnershiptemporaryContinuous
interoperabilityMarginalIncreasingly

The trip from the centralized structure of Web2 to the open, decentralized Web3, is characterized by significant changes. This transformation has not only revolutionized the internet, but also a ushered in a new era for the gaming industry – an era in which blockchain technology and tokenomics are taking center stage.

Doing so will be an addicting and entertaining game sustainable P2E game tokenomics instead of pyramid schemes, so that the players can also be held. However, this aspect is an experimental undertaking, especially in a pioneering market such as Web3 games, in which some projects will certainly make mistakes, especially at the beginning.

It becomes all the more crucial to discover sustainable economic models as early as possible. In addition, the original economies of Web2 games may no longer work for Web3.

Because there are new models that Engage users and objects in a completely different way. The games and platforms also open in the multiverse approach more and more compared to competing providers and achieve a symbiosis.

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What is Web 3?

What is the Web3 - Web3 Gaming

In order to make the transition from Web2 to Web3, the game developers need to pay attention to a few points in order to comply with the special features. The most important aspect is that complete control over the items purchased in the game to obtain. So they can too can still be used, even if the game should be switched off. In this way, assets can be sold, reused and more.

There is also the aspect of open economy for blockchain games. However, further challenges arise. Because that’s how it can be cash outflows from the economy come, while with Web2-Games everything was kept within one system. Different blockchain game tokenomics have developed.

In addition Factors such as inflation and depreciation also play a role. Likewise, in addition to the gamers, Investors have an impact on the value the token. This factor needs to be considered and guarded against outflows of funds. Possible solutions are the dual token and the NFT tokenomics model.

Moreover, another aspect is the task of decision-making the game studios. Although they start and develop the project usually as a central entitythe decisions regarding the Governance and the associated development of the project in decentralized systems are ideally determined democratically by the community.

Because that way they can Developing games according to customers’ wishes, which is probably easier to increase demand, which is one of the guarantees for success. In addition, the Users can also continue to participate in the new Internet through design options and are rewarded with cryptocurrencies and NFTs become. This becomes all the more crucial as some developers say no single game studio can develop the complex Metaverse.

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Open Web3 development challenges and their solutions

Launchpad-XYZ-LPX-Web3-Portal-Wallet-5

The transition to the open Web3 brings with it a number of challenges. The Complexity of the technology, issues of scalability, interoperability and usability are just some of the hurdlesthat the developers have to deal with.

The scalability is one of the main problems in the development of Web3. As more and more applications are moved to the blockchain, there is tremendous pressure on the network, leading to delays and high transaction costs leads. Layer 2 solutions How Plasma, zkRollups and Optimistic Rollups however, offer ways out by Carry out transactions outside of the main blockchain, reducing the load on the network.

interoperability is another important factor. Since there are a variety of blockchains with different protocols there is the Communication between them often problematic. Come here Cross-Chain Technologies into play, the one seamless communication and interaction between different blockchains make possible.

In addition, the game studios must also keep an eye on regulations. Because while the currencies and resources of video games used to be controlled by tax authorities and politicians were not classified directly as money or commodities, this could change in the future due to cryptocurrencies.

Because maybe they will classified as securitieslike it at The Sandbox (SAND) and Decentraland (MANA) should be the case according to SEO Chairman Gary Genslerfor example, if after the Howey test be classified as such. However, this will probably soon be deposed by the Republicans.

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Advanced cross-chain technology enables Web3 mass adoption

Launchpad-buy-crypto-2023-potential-and-purchase-guide

A new era of Web3 is now to usher in Launchpad XYZ. Because it offers one advanced cross-chain technology with its unique Web3 wallet. With it, the entire range of the new Internet seamless use where only an e-mail and telephone number is required becomes. Thus, traditional Web2 users can use the save complex and demanding technology and instead focus directly on the offers, as they were used to before. Therefore also not deterred so many users and made it as easy as possible to get started.

In addition, it is a curated Web3 gateway. Here come the Launchpad Quotient with over 400 data points and user ratings for application. This way you can fraudulent offers identified and filtered out as quickly as possible become. Due to the associated increase in trust, which is essential for entrepreneurial success, the Web3 offers could then also spread much more easily.

However, Launchpad XYZ is much more than that. For it bundles the entire and otherwise very scattered market in one place. However, the time-consuming search is also eliminated by the AIs that give personalized recommendations and can be used via a chat function. The offer includes, among other things Metaverse Experience Library, P2E Gamehub, Presale and Decentralized Exchanges for NFTs, Cryptocurrencies and Fractional Assets.

The decentralization is particularly interesting. Because, as is typical of the Web3, are all Launchpad XYZ exchanges decentralized. For this reason Investors and users remain in complete control of their assets at all times. Therefore, also a essential higher security than the scandalous centralized crypto exchanges FTX and binance be offered. Thus, Launchpad XYZ is much more future-proof, while at the same time through the Saving of third party fees reduced can become.

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Increasing demand in Launchpad XYZ pre-sale

Portal to Web3 Launchpad

The Launchpad XYZ presale just started and has already started over $1.1 million from enthusiastic investors. Fast investors can currently get the tokens for one Price of $0.046 to back up.

Until the first listing on a crypto exchange, the token price lifted to $0.0565. With a current entry are therefore still almost 23% increase in value over presale price increases possible, while the cryptocurrencies are currently being sold off, there are no sales to be feared at $LPX until the first listing.

However, the next price increase will take place at the $1.55 million milestone. Therefore, there is no more time to lose to invest in the diversified project which a variety of services in both the B2C and B2B sectors, generating revenue like a kind of Google of the new Web3.

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About the author: Simon Feldhusen first came into contact with the stock market 17 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 8 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de, Coincierge.de and P2E News.com.

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