In 2023, web2 game studios will continue to push deeper into web3 and enter what we consider “Stage 4” of web3 gaming adoption.
• Established web2 game publishers will incorporate elements of web3 — specifically NFTs and crypto payments — directly into their web2 games (not via stand-alone subsidiaries).
• The benefits of web3 interoperability and composability begin to emerge in gaming, which will showcase how adding programmable digital items to games enhances gameplay.
• Savvy Games Group (“SGG”) announces that it would invest ~$38bn in games through 2030 with the objective of propelling Saudi Arabia to the forefront of the global gaming and esports ecosystem.
The gaming industry is in a state of rapid evolution, with the introduction of Web3 technologies at the forefront. Web3, otherwise known as the decentralized web, is a revolutionary concept that has the potential to reshape how games are played and monetized. It brings new concepts to gaming such as interoperability and composability, which allow for games and applications to interact seamlessly across different networks. Let’s discuss why established game publishers are beginning to incorporate non-fungible tokens (NFTs) and cryptocurrency payments into their existing titles, how these elements can enhance gameplay experiences, and Savvy Games Group’s investment push for the global ecosystem.
Web2 game studios have seen an influx of fresh ideas on how to best utilize this new technology and create gaming experiences that push the envelope. Players could possibly look forward to a new era of thoughtful collaborations between established game makers and up-and-coming innovators — all pushing the boundaries of possibility with better stories and more exciting worlds than ever before.
Established Game Publishers May Incorporate NFTs & Crypto Payments
Established game publishers are now starting to integrate Web3 elements into their existing titles. Not only do these elements provide players with incentives to adopt cryptocurrency, but they also add an extra layer of complexity that aims to enrich player experiences. For example, many game developers are introducing NFTs into their worlds that offer players unique items or abilities not available through traditional game mechanics.
These digital assets can be traded on secondary markets outside of the game’s economy—allowing players to cash in on their hard work or accomplishments within the game world—and even transferred between different games! With crypto payments being integrated into some of these titles, players can also use cryptocurrency instead of fiat currency when purchasing in-game items or upgrades.
How Web3 Enhances Gameplay Experience
Web3 enhances the gameplay experience by introducing programmable digital items into gaming worlds via NFTs. This means that users have access to a variety of items with special attributes or abilities that can be used in order to gain an advantage over other players or progress further in a game’s narrative arc. For instance, some NFT weapons may have higher attack power than conventional weapons or unlock certain areas or bosses that would normally be inaccessible without them.
Additionally, games like Gods Unchained feature tradable cards that enable cardholders to compete against each other in tournaments for prizes like ETH tokens (Ethereum). By introducing NFTs into existing games (or creating entirely new ones), developers are able to create more immersive experiences for gamers worldwide.
Savvy Games Group’s Investment Push for Global Ecosystem
Savvy Games Group (SGG) is leading the charge towards making esports mainstream by investing US$38 billion by 2030 across several key markets globally such as Saudi Arabia, India and Japan. SGG plans on building out esports infrastructure including arenas and training facilities along with launching its own tournament series for all levels of professional gamers from amateur up through professional leagues such as OWL (Overwatch League) and LCS (League of Legends Championship Series).
SGG has additionally invested heavily into companies building blockchain-based platforms designed specifically for esports tournament management and competition play like Skrilla and Unikrn which will help drive further adoption amongst casual gamers by providing an easy way for them to compete online against others around the world while earning rewards in cryptocurrency form through tournaments hosted on these platforms.
The gaming industry is undergoing tremendous changes due to advances made possible by Web3 technology—changes that could lead us toward a future where anything is possible within virtual worlds created through blockchain-based ecosystems. As more established game publishers begin incorporating NFTs & crypto payments into their existing titles along with savvy investors pushing for global expansion through investments like those made by SGG.
It’s clear we’re just scratching the surface when it comes to understanding what’s possible when we combine blockchain with gaming. In closing, if you’re interested in learning more about how you can take part in this revolution make sure you follow us here at Savvy Games Group as we continue our mission towards mainstreaming esports