Share:
Notifications
Clear all

Earn While Learning Web3 Programming>> Start Here FREE!!!

What Are The Differences Between Web3 GameFi and Web2 Game

8 Posts
8 Users
8 Reactions
205 Views
1
Topic starter

EXERCISE: :
i. Watch the above lesson video, and also read through the recommended resources (if any). Then, answer the following questions

ii. What Are The Differences Between Web3 GameFi and Web2 Game?

iii. Summarize in your own word in this lesson discussion forum below:
(NOTE: please, don’t just copy-paste from other students – instead answer in your own word based on your level of understanding of the lesson and resources)

 

 

 

NOTE:

This Is An Exercise From Our FREE COURSE with CERTIFICATION:

Web3 GameFi Development 101 Course

(If you have not enrolled yet, you can join the course totally for FREE).

 

User Avatar David Boluwatife 20/10/2023 6:58 pm

@foskaay web2 games are built on centralized platforms, where game data, assets, and control are primarily owned and managed by a central authority or the game developer.. while web 3 are built on decentralized platforms using blockchain technology.

In web3 the gamer and the developer will make money while doing the things they love to do 

Solomon Foskaay Solomon Foskaay Topic starter 20/10/2023 7:04 pm

@dasilva yes, you got it right.
weldone

6 Answers
2

Web3 GameFi, which stands for Web3 Gaming Finance, represents a fusion of blockchain technology, decentralized finance (DeFi), and gaming. Here are some key differences and benefits compared to traditional Web2 games:

1.Ownership and Interoperability: 

-Web3 GameFi: Utilizes blockchain and non-fungible tokens (NFTs) to represent in-game assets, allowing players to truly own and trade items across different games and platforms. 

-Web2 Game: Assets are often owned by the game developer, limiting players' ability to trade or use them in other games.

2.Decentralization: 

-Web3 GameFi: Operates on decentralized networks, reducing the control and influence of a single entity. Smart contracts govern various aspects, promoting trust and transparency.

-Web2 Game: Typically, games are centralized, giving developers significant control over the game environment.

 

3.Play-to-Earn:

-Web3 GameFi: Introduces play-to-earn models where players can earn cryptocurrency or other valuable assets by participating in the game, contributing to a more sustainable gaming ecosystem.W

-Web2 Game: Earnings are often limited to in-game currencies or items with no real-world value.

1

The major difference between the web3 GameFi and web2 game lays in its development environment. The web2 games are developed on a centralized network, while the web3 games are developed on a decentralized technologies like blockchain. Furthermore, aside the the difference in the development ecosystem, the web3 offers benefits to both the developer and the player of the games because coins or asset acquired in game can be exchanged for crypto tokens. On the other hand, on the web2 only the developer benefits form the in-purchase of features that can be only useful in game such as buying of life, and other features. 

1

The web2 creates earnings more for the developer while web3 allows both the player and developer to earn. web2 is also developed in a centralized network that can be controlled by the government as to how they want it viewed, but web3 is a de-centralized technology like blockchain, NfT, the data are stored in a de-centralized platform and cannot be controlled by a party.

1
  1. Basically the difference between Web2 and Web3 games is that in Web2 games, More of the benefits of gaming are reaped by the developer while in Web3 games the benefits of gamin are reaped by both the players and the developer. In addition,  Web3 games are built in a declecentralized system where the state of the Web can be controlled by anyone. Compared to Web2 games where the state of the Web is controlled by certain groups of people or government

This post was modified 8 months ago by Sodiq Omisanya
1

web 2 is centralized platform that be controlled by the government and with no benefit for the player. Web3 is decentralized and cannot be controlled by a single institution and gives everyone the opportunity to earn

1

Basically, web2 game is centralized platform where a game developer receive all the benefits after a player must played all through the stages in a particular game... Web3 gameFi is a gaming platform whereby both the developer and player receives or share royalties in a particular game. For example, if a player buys a game prop it can be sold and in NFT market then later converted to a crypto or fiat.. However it depends on how people know or partake in that particular game can actually amass it's value.. 

Share: