In the previous bull market of the cryptocurrency market, GameFi games emerged as a popular investment and gaming choice for many players. Local company Animoca Brands became a leader in investing in GameFi projects, while many major game companies, such as Ubisoft, began to invest or launch their own Web3 games, or add blockchain elements to their games.
After the bull market, the popularity of GameFi seemed to have waned, but as most people were still reminiscing about the glory days of GameFi in 2021, a new concept: Fully On-Chain Games is emerging.
Web3 Games: The First Game Industry Revolution
As is well known, Web3 games are games that use blockchain technology to operate. These games typically use NFTs (non-fungible tokens) to represent in-game items, such as characters, items, and land. This means that players can truly own the items they earn in the game and can trade them on in-game or out-of-game markets.
However, in large Web3 games such as Thetan Arena and Mobox, blockchain technology may only be used to record asset ownership or other game data, while the core gameplay is still running on centralized servers. This means that players cannot interfere with the developer's decisions or determine the future of the game they love.
The Difference Between Fully On-chain Games and Ordinary Web3 Games
Unlike ordinary Web3 games, all data in fully on-chain games is stored on the blockchain and managed by the blockchain network. This makes fully on-chain games more decentralized, transparent, and fair.
Fully on-chain games have the following advantages:
- Decentralization: Fully on-chain games do not rely on any centralized organization to operate. This makes the game more fair and transparent, and players can own the assets they earn in the game.
- Transparency: All transactions and data on the blockchain are publicly transparent. This makes players more likely to trust the game and can effectively prevent cheating behavior.
- Fairness: All transactions on the blockchain are verified and executed by mathematical algorithms. This makes the game more fair, and players will not be treated unfairly because of the actions of the game developer or other players.
- Player-driven: Some fully on-chain games use DAOs for management. A DAO is an organization composed of players that is responsible for setting game rules and governance. This allows players to have more control over the development of the game.
The Future of Fully On-chain Games
Fully on-chain games are an important development direction for Web3 games and GameFi. Although fully on-chain games are still in their early stages of development, they have the potential to change the gaming industry, bringing true ownership, transparency, and interoperability. As technology continues to mature, we can expect to see more innovative fully on-chain games, as well as Web3 game giants such as Splinterlands, Star Atlas, and Axie Infinity, who have publicly expressed their intention to add DAO elements to their projects to make games more decentralized and player-driven.
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