Web3 has revolutionized various industries, including gaming. With a major shift from traditional gaming platforms, Web3-based games allow the players to engage with the games in innovative and decentralized ways. People can play to earn via cryptocurrencies and NFTs. This democratizes all aspects of gaming and puts the main power in the hands of the player instead of confining it to one central authority within a game.
Although in traditional gaming, in-game content or digital assets are purchasable with fiat currency or can be claimed as rewards, game operators still reserve the copyrights to the in-game content. In simple words, players do not own the in-game digital assets. Instead, in traditional gaming, players’ ownership is simply a license for engaging with the aspects of the game.