There’s a new player in the space, and its name is Web3 gaming. As the gaming industry becomes increasingly technical and complex, more technologies are emerging that seek to influence how players engage with their favourite titles. In this guide, we’ll take a deep look into the Web3 gaming phenomenon, breaking down the concept and finding out what web3 gaming is all about. We’ll look at some web3 games you have probably heard of and see how they make money. We’re also looking at the intersection of web3 and the esports and betting industries.

What is Web3 Gaming?

Let’s answer the most fundamental question here. Web3 gaming has become one of the most successful advancements for both technology and gaming in recent times. By introducing blockchain gameplay and technical builds, Web3 gaming has revolutionised gamers’ experiences and interactions with their favourite games and game developers.

In the last decade or so, the esports industry has undergone intense growth, driving forward the competitive, organised side of gaming. Now, Web3 is targeting the gaming industry from a different, more innovative perspective, and it’s set to catapult the gaming industry all the way to the moon in terms of popularity and the overall player experience.

Typically, Web3 games are similar to the ‘traditional games’ that you would find on any home console or PC platform, but there are some key differences. In Web3 games, digital assets are ‘birthed’ that hold both…