Web3 gaming is becoming popular. Indian developers are creating NFT and Web3-based games. How is this different from traditional gaming? Web3 gaming is associated with cryptos, the decentralised currencies. In addition, there is decentralisation in gaming. In traditional gaming, in-game assets, acquired through in-game purchases or through playing the game, are the property of the game publisher. Gamers spend resources to acquire these assets. However, if the game is banned for some reason or the publisher shuts down the central servers, or a player loses interest in the game, these assets are lost. The reason is that they are confined to the game. Web3 enables the creation of NFTs for these assets, and NFTs can be bought and sold. Thus the game acquires the characteristic of a play-to-earn. The gamers thus are vested with the complete ownership of these assets.

There is an element of interoperability in certain gaming. These NFTs can be traded across different gaming platforms on the blockchain.

Gaming is for entertainment. As long as gaming provides it, gaming can survive temporary deceleration due to crypto crash.

In India, it is necessary to have regulations for Web3 gaming. The government may have apprehensions about the crypto part of Web3 gaming.