Page 16 - EngineerIT November 2022

WEB3 GAMING

and evolving with the times. There has Moving forward, there are also likely to be noteworthy innovations across gaming
already been a surge in the quality of infrastructure, open source platforms, free-to-play models and how AAA interacts with
games produced in Web3 gaming that’s Web3 gaming. The market is moving away from instability, cash grabs and over-hyped
led by a crossover of Web2 gaming ideas towards a new era in gaming, an era that’s defined by collaborative engagements,
specialists in the space. innovative experiences, digital property rights, and the intelligent use of tech to embed
security, trust and transparency. n
Trend 03: Welcome to hybrids
and interesting publishing About Metavest Capital
platforms Metavest Capital is a specialised Web3 gaming research and analysis unit based in

By the end of 2023 there will be the South Africa. Born out of a fierce belief in the power of blockchain, Metavest Capital is
signs of a full hybrid blend between a metaverse and NFT gaming focused consultancy. Our team’s unique combination of
Web2 and Web3 gaming. This will blockchain, gaming and finance expertise creates an unfair advantage when it comes to
be the point when gaming will have generating value for our partners.
transcended the divide between the As a blockchain VC firm focused on Metaverse and NFT gaming projects, Metavest
two and there will be only one gaming Capital’s core investments include play-and-earn games, digital tokens and in-game
industry left behind – one where assets. It offers capital, strategy and advice to a variety of exciting new projects within
gaming studios, publishers, gamers and this growing ecosystem.
guilds interact to produce products
that are community-driven but still
quite centralised. The games will use
blockchain, NFTs, crypto currency and
other innovations that are easier to use
and that have moved from complicated
concepts to an accepted part of daily life.
“This blend of the two worlds, let’s
call it Web2.5, will be the point when the
gaming industry evolves to absorb the
technologies and innovations that make
sense and commit the rest of the crypto What is Web 3.0?
noise to the crypts of history,” says
McCann. “It will also see a move from
the established gaming landscape to one There are a few fundamental differences between Web2 and Web3, but
where immersive and inter-connected decentralisation is at its core. Web3 enhances the internet as we know it today with a
landscapes are enabled by new few other added characteristics. Web3 is:
underlying technology, and to where the • Verifiable
AAA gaming studio has blockbuster titles • Trustless
with crossover and a similar publisher • Self-governing
in Web3, links the titles through a • Permissionless
metaverse with real economies and • Distributed and robust
markets for in-game assets.” • Stateful
This publishing model lends itself • Native built-in payments
to a more immersive experience, in In Web3, developers don’t usually build and deploy applications that run on a single
theory, and has yet to fully evolve server or that store their data in a single data base (usually hosted on and managed
into this potential, but it does offer by a single cloud provider). Instead, Web3 applications either run on blockchains,
gaming developers the opportunity to decentralised networks of many peer to peer nodes (servers), or a combination of the
really dig deep into a title and drive its two that forms a crypto economic protocol. These apps are often referred to as dapps
chances of success. Game studios are (decentralised apps), and you will see that term used often in the Web3 space.
super at building games but often lack To achieve a stable and secure decentralised network, network participants
distribution power, which makes Web3 (developers) are incentivised and compete to provide the highest quality services
gaming a solid route for established to anyone using the service. When you hear about Web3, you’ll notice that crypto
publishers to collaborate or partner with currency is often part of the conversation. This is because crypto currency plays a big
Web3 companies that have a smaller role in many of these protocols. It provides a financial incentive (tokens) for anyone
footprint and less experience, so that who wants to participate in creating, governing, contributing to, or improving one of
they can both get quality titles to the the projects themselves. For more visit www.freecodecamp.org.
market.

EngineerIT | November 2022 | 16