In a recent interview, Mark Engelhardt, co-founder of AMG DAO, shared insights into the world of web3 gaming and its potential to revolutionize the gaming industry. AMG DAO aims to empower gamers by providing tools for user-generated content and enabling players to co-create with game publishers and studios. The interview shed light on the unique aspects of web3 gaming and its advantages over traditional gaming.
Differences between Web3 and traditional gaming
?What differentiates web two from web three is definitely the ownership.? In traditional gaming, players do not truly own the in-game items they acquire; they are merely licensing them from game publishers. In contrast, web3 gaming offers ownership of assets through blockchain technology, ensuring that players have permanent rights to their items. This ownership allows players to transfer their items between games, even if a particular game shuts down. The open-source nature of web3 gaming also enables the sharing of intellectual property (IP) with gamers, fostering the development of forever games that can be sustained by dedicated communities even when studios move on.
Building a career in web3 gaming
?How long does it typically take for web3 gamers to start earning money?? This is the billion-dollar question that everybody wants to know the answer of. The answer varies, but there are indeed avenues where gamers can earn rewards relatively quickly. ?I have seen some games where you can start earning tokens after half an hour to an hour or so of gameplay.? Some games allow you to earn tokens right from the beginning, within as little as half an hour or an hour of gameplay. These tokens hold value in game and can also be considered a form of virtual currency that you can accumulate.
However, it’s important to note that different game mechanics come into play. Some games may require you to reinvest your tokens back into the game, either through character upgrades or other in-game features, in order to continue earning. This creates a cycle where your progress and earnings depend on your engagement and investment within the game.
Additionally, there are alternative ways to earn money through gaming. Streaming platforms offer programs where players can showcase their gameplay and entertain viewers, earning rewards for their efforts. Tournaments also present opportunities for skilled players to compete for substantial prize pools, although securing a spot in such tournaments requires dedicated practice and skill.
Content creation is another avenue where gamers can potentially earn rewards. By creating and sharing unique content such as maps, classes, or levels, players can contribute to the game’s community and receive recognition and compensation for their contributions.
While the prospect of earning money through gaming is appealing, it’s important to manage expectations. For casual players, the earnings may be modest, ranging from a few dollars to a couple of hundred dollars per month, depending on gameplay and commitment. To consider gaming as a career, it requires a more proactive approach, such as participating in tournaments, streaming, or creating engaging content.
Challenges and Opportunities for Game Creators
?Thanks to AI and all the solutions that we are seeing right now, the technology to create games straight out of your imagination is becoming more accessible. Building Web3 games has become much easier.? While transitioning from traditional gaming to web3 gaming may present certain challenges for game creators, Mark believes that the transition has become easier in recent times. Platforms like Unity and Unreal Engine have introduced decentralized plugins. These plugins simplify the integration of smart contract features into games, enabling developers to leverage the benefits of blockchain technology more easily.
Despite these advancements, game creators must also take into account the economic aspects of their games when entering the web3 space. This entails careful planning of in-game economies and the management of open markets for in-game items. By considering these factors, developers can create immersive and engaging experiences that align with the principles of decentralization and player ownership.
Although these considerations require additional thought and effort, web3 gaming offers a wealth of exciting opportunities. With the aid of evolving technology, smaller teams are now capable of crafting more substantial games. The decentralization aspect allows for greater creative freedom and empowers developers to innovate in ways that were previously limited by traditional gaming structures. As a result, web3 gaming is fostering a vibrant ecosystem where developers can thrive and players can enjoy immersive experiences unlike anything before.
Web3 gaming represents an evolutionary shift in the gaming industry, offering players ownership of in-game assets and the ability to co-create with game publishers. AMG DAO, under the leadership of co-founder Mark, is at the forefront of this transformation, leveraging generative AI and blockchain technology to empower gamers. As the industry continues to develop, the challenges of transitioning to web3 gaming are being addressed, making it easier for game creators to embrace this new paradigm. With a focus on ownership, open-source collaboration, and interoperability, web3 gaming offers unique advantages that distinguish it from traditional gaming and promise an exciting future for gamers worldwide.
Mark?s Twitter: https://twitter.com/theniftymark
AMG DAO?s Twitter: https://twitter.com/joinamg