Gaming industry of India in Web.0

 Web 3.0 is supposed to be the next big evolution for the internet. It could also revolutionise games and enhance overall gaming experience for users. 

In simple terms, the idea with Web 3.0 games is that users are rewarded for the in-game assets they own. More importantly, those assets have a value that goes beyond the game itself.“For any game to be fun, they have to be meaningful and you should be able to play the game with or without the blockchain. If you do that, then that’s a fun game. Blockchain enhances the experience by giving your digital ownership and being rewarded for your interactions in the game.

the dynamic between “games with economies and gamified economies” will be crucial in the future of Web 3.0 games. “If you do the flip, which is essentially the entire game is about playing an economy and everybody’s angle is to extract value out of it, it is no longer fun,” 

That is not to say that these “games” will not see initial involvement. With a lot of people entering the space for  ‘speculative reasons’, numbers might shoot up fairly quickly in the short term. However, this is not a sustainable strategy in his view.

games with economies and gamified economies” will be crucial in the future of Web 3.0 games. “If you do the flip, which is essentially the entire game is about playing an economy and everybody’s angle is to extract value out of it, it is no longer fun,”

Another reason why gaming companies are excited about the prospects of Web 3.0 games in India is that users are now spending more on games and in-game purchases. “The idea that gamers in India are not spenders is changing as of now.

Studios that made these Web 3.0 games did not have time to bring in the triple A quality to start with, and they designed in a hurry so that they could go to the market fast,”

Source : various article on web 3  and gaming.