As the world becomes increasingly digitised, the gaming industry is no exception. The rise of Web3 has introduced a new era of gaming that is Decentralised, secure, and transparent. With the help of Blockchain technology, Web3 gaming is disrupting the industry in ways that were once unimaginable. In this article, we explore the emergence of Web3 gaming and how Blockchain technology is revolutionising the industry.
As the CEO of 99Starz and someone who has been deeply involved in the gaming industry for over a decade, I am excited to see the growth and potential of Web3 gaming. According to a recent report by DappRadar, the number of active users on Web3 gaming platforms has increased by over 1,000% in the last year alone, with over 800,000 daily active users. This exponential growth is a clear indication of the immense potential of Web3 gaming, and the opportunities it presents for gamers, developers, and investors.
The MENA region is no stranger to the gaming industry and has shown tremendous growth in recent years. In fact, a recent report by MENA Research Partners showed that the gaming industry in the MENA region is expected to reach $6bn by 2023. The rise of Web3 gaming is also gaining traction in this region and is expected to contribute to this growth.
Blockchain technology is at the heart of Web3 gaming, enabling new levels of decentralisation, transparency, and player ownership. By utilising Blockchain, games can be built with trust and fairness at their core, providing players with true ownership and control over their assets. This opens up a range of possibilities, from in-game economies and digital assets, to new forms of social interaction and play.
The potential of Blockchain technology in gaming goes far beyond Tokenization and in-game assets alone. It can also serve as the foundation for new game mechanics and experiences, such as decentralised autonomous organisations (DAOs) and player-driven communities. By leveraging Blockchain, game developers can create new and innovative gameplay mechanics that are not possible in traditional games, such as user-generated content and player-driven economies.
At the forefront of this trend is 99Starz, a cutting-edge Web3 gaming Ecosystem that is committed to empowering gamers, guilds, studios, and investors through the use of innovative products and services.
Such as our Gamefied Asset Management Platform and Gamefied Wallet, for example, which allows users to seamlessly connect their existing gaming accounts to our Ecosystem, providing them with a secure, trustless and institutional-grade management solution that will enable holders of large in-game assets the chance to securely delegate, distribute, track and use their assets to generate revenue without compromising on custody or ownership.
We believe that by providing a user-friendly and familiar experience, we can help to onboard millions of traditional gamers into Web3 and drive adoption across the industry.
We are always on the lookout for games that are designed from the ground up with decentralisation and player ownership in mind, and leveraging the power of Blockchain to create new and innovative gameplay mechanics and experiences. At 99Starz, we are committed to driving this change and shaping the future of gaming. We invite gamers, developers, and investors to join us on this journey, and help to build a new era of gaming that is fair, transparent, and player-centric.