Dota 2 and Rocket League pros are interested in exploring Web3 and blockchain gaming.

Dota 2 and Rocket League pros are interested in exploring Web3 and blockchain gaming.

The Rise of Web3 Gaming: Exploring the Benefits of Blockchain Technology in the Gaming Industry

The gaming industry has been experiencing a paradigm shift with the emergence of Web3, a decentralized and blockchain-based approach to gaming. While some game developers may be skeptical about this new trend, professional gamers are more open to exploring the potential benefits that Web3 can bring to the gaming landscape.

Erik Engel, a professional Dota 2 player for Gaimin Gladiators, expressed his enthusiasm for Web3 and its potential impact on gaming. He believes that blockchain gaming is a refreshing concept that goes beyond traditional gaming experiences. Engel stated, “If it’ll improve gaming and make it even more rewarding, then that’s definitely something to look out for in times ahead.”

Engel also highlighted the features of Web3 that genuinely benefit players. This sentiment was echoed by Max Ng, a Rocket League professional gamer known as “Maxeew.” Ng expressed his excitement about the idea of games being developed differently and how new technologies and features can enhance the gaming experience. He emphasized that any game can benefit from rewarding users’ time and investment.

While both Engel and Ng have shown interest in blockchain-based games, they are yet to fully explore this new frontier. Ng mentioned that he plans to delve into Web3 gaming once the competitive gaming season slows down. This eagerness to explore blockchain gaming demonstrates the potential appeal of this emerging sector.

Joseph Turner, the co-founder of Gaimin Gladiators, acknowledged that the initial introduction of Web3 games within the decentralized finance space unsettled major gaming publishers. For instance, in 2021, Valve Corporation removed blockchain-based games from its gaming marketplace, Steam, due to concerns about cryptocurrencies and nonfungible tokens (NFTs).

Turner described Valve as an “extremely traditional” gaming company, implying that they may not be quick to embrace Web3 technology. However, he remains optimistic about the future, believing that Valve’s stance will eventually evolve. Turner also emphasized the importance of blockchain projects engaging with the competitive gaming industry directly.

Web3 and blockchain technology have the potential to revolutionize not only gaming experiences but also the entire gaming ecosystem. Walter Lee, the partner growth and GameFi leader at BNB Chain, highlighted various opportunities that Web3 brings to the table. These include the tokenization of in-game assets and the implementation of on-chain verifiable random number generation mechanisms.

Lee believes that the growth of Web3 gaming will eventually render the term “Web3” unnecessary, as it will become the new norm in the industry. Furthermore, Lee emphasized that Web3 offers exciting prospects for professional gamers. He anticipates that upcoming games from new studios could gain massive popularity and generate new esports leagues. This presents an opportunity for gamers to build their personal brand and revenue streams, reducing their reliance on esports firms.

In summary, the rise of Web3 gaming is reshaping the gaming industry, with professional gamers expressing their openness to exploring blockchain-based games. The benefits of Web3, such as improved gaming experiences and rewarding user engagement, have caught the attention of players like Engel and Ng. While major gaming publishers may initially resist the adoption of Web3, industry insiders like Turner and Lee believe that the tide will eventually turn in favor of blockchain technology. The potential for tokenization of in-game assets and the creation of new esports leagues further contribute to the excitement surrounding Web3 gaming. As the industry continues to evolve, it’s clear that Web3 is poised to become an integral part of the gaming landscape, offering new opportunities for gamers and transforming the way we play and engage with games.

Erik “Tofu” Engel carrying the trophy after winning the ESL One Berlin Major tournament. Source: Gaimin Gladiators Erik “Tofu” Engel carrying the trophy after winning the ESL One Berlin Major tournament. Source: Gaimin Gladiators

Max “Maxeew” Ng competing in a Rocket League tournament. Source: Gaimin Gladiators Max “Maxeew” Ng competing in a Rocket League tournament. Source: Gaimin Gladiators

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