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Revolutionizing the .gaming world with Web3

How Web3 Gaming Is Growing And Shaping The Future

The gaming industry has witnessed great evolution, from pixelated video games of the early ’80s to today’s immersive virtual reality experiences. However, the latest innovation reshaping the industry is Web3 Gaming, a concept that integrates the decentralized nature of blockchain technology into the gaming world. This evolution is not just about enhanced graphics or more engaging storylines; it’s about changing how games are developed, played, and owned. Blockchain technology and Non-Fungible Tokens (NFTs) are at the heart of this revolution, offering unprecedented opportunities for developers and players alike.

This article aims to demystify Web3 Gaming, offering a comprehensive understanding of its foundational principles, the transformative potential it holds for the gaming industry, and the challenges and opportunities it presents for a future where gaming is not just a form of entertainment but a participatory and ownership-driven experience.

The Foundation of Web3 Gaming

Web3 Gaming introduces a transformative approach, where the underlying technology—blockchain, NFTs, and cryptocurrencies—promises to redefine what it means to play, own, and create within the virtual realms. The foundation of Web3 Gaming is built on these key technological advancements, each contributing to a more inclusive, secure, and rewarding gaming world.

Blockchain Technology in Gaming

Blockchain technology represents a new dawn for gaming ecosystems. At its core, blockchain operates as a decentralized ledger, meticulously recording transactions across a vast network of computers. This structure is crucial for gaming, ensuring maximum security, transparency, and integrity. For game developers, the appeal of blockchain lies in its capacity to decentralize the control of gaming worlds. Unlike traditional models, where a single entity dominates the game’s environment, blockchain facilitates a democratic space. Here, players are not mere participants but have stakes in the game’s universe. This level of engagement and ownership is unprecedented, opening multiple ways for immersive gameplay and community-driven development.

The use of blockchain in gaming also addresses critical issues such as fraud and cheating, which have plagued online games. By securing game assets on a blockchain, it becomes nearly impossible to manipulate game outcomes unfairly, ensuring a level playing field for all participants.

NFTs and Digital Ownership in Web3 Gaming

Non-Fungible Tokens (NFTs) are one of the most important elements of Web3 Gaming. These digital tokens are unique, blockchain-based assets that signify ownership or prove the uniqueness of an item within a game. For the first time, in-game assets—be they characters, weapons, or parcels of virtual land—can really be owned by players. This ownership extends beyond the digital world, allowing these assets to be traded on various platforms, often for quite a lot of money. The impact of NFTs on gaming creates a new economy where digital ownership mirrors the tangibility and value of physical possessions. This concept enhances the gaming experience but also enables players to monetize their time and skills in ways that were almost unimaginable previously. Moreover, NFTs bring about creative freedom and innovation, as developers can create unique, one-of-a-kind items that carry real-world value, enhancing the overall richness of the gaming experience.

Cryptocurrencies in the Gaming Ecosystem

Cryptocurrencies are the backbone of transactions within the Web3 gaming space. These digital currencies enable secure, transparent, and swift transactions across the gaming ecosystem. The integration of cryptocurrencies goes beyond mere transactional efficiency; it paves the way for different monetization strategies. Developers can introduce innovative game mechanics and revenue models, such as play-to-earn, where players are rewarded with cryptocurrency for game achievements and participation.

This system not only incentivizes gameplay but also opens up gaming to a broader audience, including those in underserved economies, by providing an opportunity to earn while playing. 

For example, CronosCRO is enhancing its appeal to game developers by incorporating the integration of two leading gaming engines, Unity and Unreal, into its rapid blockchain platform. This allows developers to create their games using familiar languages and tools, including C++ and Blueprint, and easily integrate Cronos with just a few lines of code. Additionally, the platform gains from its connections with Crypto.com, which provides access to payment services and an NFT marketplace, along with a wide-reaching user base through OAuth login functionality. 

Benefits of Web3 Gaming

blockchain technology, introducing a transformative approach to how games are played, owned, and valued. With its foundation rooted in the principles of blockchain, this new wave of gaming is set to revolutionize the industry by offering players unprecedented control and opportunities. 

Decentralization in Gaming

The migration from centralized to decentralized gaming platforms signifies one of the most profound shifts in the gaming industry’s history. This move away from traditional game servers to blockchain-based platforms offers a democratized gaming experience where the power dynamics are realigned in favor of the community. In certain scenarios (e.g. in the case of BigTime), games can be fully governed by decentralized autonomous organizations (DAOs), eliminating the need for a central governing body.  Players are no longer passive participants but active stakeholders with a say in the game’s development and governance.

Decentralization eliminates the single point of control, reducing the risk of downtime and centralized hacking attacks. It empowers players by granting them a voice and a vote in critical decision-making processes. For developers, it opens up new avenues for creativity and innovation, free from the constraints of traditional publishing models. This collective approach to game development fosters a deeper sense of investment and ownership among the gaming community, leading to more vibrant and sustainable gaming ecosystems.

Learn more about decentralization vs centralization

True Ownership and Asset Control

One of the hallmark features of Web3 Gaming is the profound level of ownership and control it affords players over their in-game assets. Through the use of NFTs, items that were once ephemeral digital objects locked within a game’s ecosystem can now be owned, bought, sold, and traded on open markets.

This paradigm shift extends the utility of virtual items beyond the confines of individual games, allowing for a truly interoperable digital economy. Gamers can now monetize their time and skills by trading assets or leveraging their collections across different platforms. This level of control and ownership not only enhances the gaming experience but also adds a layer of financial incentive, transforming gaming into a potential source of income.

Play-to-Earn Model

The play-to-earn model is perhaps the most transformative benefit brought about by Web3 Gaming and it’s strictly connected to the idea of full ownership. It allows players to earn real-world value—be it in the form of cryptocurrencies or NFTs—for their in-game achievements and contributions.

This model has the potential to drastically enhance player engagement, offering tangible rewards for gameplay and participation in the game’s ecosystem. It represents a departure from the pay-to-play or free-to-play models by helping to develop a more inclusive gaming economy where value is distributed among those who contribute to the game’s success. For developers, it means access to a more engaged player base and new monetization strategies that align the interests of creators and players.

As an example Azarus, now part of Web3 gaming giant Animoca Brands, is a blockchain-based streaming platform. Its primary goal is to enable players to gain rewards from their streaming content. Moreover, it has collaborated with Twitch to introduce an extra layer of interaction for online game spectators. Viewers can engage in interactive games offered by brands such as Logitech and Red Bull, earning rewards in the process. This acquisition aligns seamlessly with Animoca’s mission to cultivate a decentralized gaming ecosystem.

Join The Web3 Gaming Revolution

The advent of Web3 Gaming ties up with the advent of Web3 domains and represents a significant leap forward, leveling the playing field with their decentralized, secure framework that empowers individuals to unify their digital identities across multiple platforms under one cohesive name. This innovation is not just a technical advancement; it’s an open invitation for everyone to become an integral part of the Web3 revolution.

By securing a Web3 domain related to gaming, you seize the power to own and consolidate your online presence seamlessly. Whether you’re a gamer, streamer, or digital enthusiast, imagine the simplicity and efficiency of aligning your social profiles, Twitch username, website, and email all under a singular, recognizable domain like Jake.Gaming. This unified digital identity not only streamlines how you’re followed and contacted but also simplifies transactions, enabling payments with just the knowledge of your domain name.

Moreover, the robust security of blockchain technology guards your digital identity against brute force attacks and ensures your presence is censorship-resistant. And perhaps most appealingly, the acquisition of a Web3 domain is a one-time transaction—free from the hassle of renewal fees. Once you’ve claimed your domain, such as on.gaming, it’s yours indefinitely.

This is more than a technological upgrade; it’s a movement towards a more interconnected, secure, and personal digital world. By acquiring a Web3 domain, you’re not just enhancing your online experience; you’re taking a decisive step into a future where digital identities are not just protected but celebrated.

Check and buy your .gaming domain

The Future of Web3 Gaming

Web3 Gaming is already on the brink of a transformative phase and through the integration of cutting-edge technologies and community-driven models it’s setup for success. At the heart of this evolution are Artificial Intelligence (AI) and Virtual Reality (VR), technologies anticipated to significantly augment gaming realism, interaction, and immersion. Coupled with blockchain’s inherent capabilities, these advancements allow to craft experiences that are not only more engaging but also deeply personalized, offering a glimpse into a future where games is more than just entertainment.

Beyond technology, Web3 Gaming aming champions a revolutionary approach to community engagement and ownership. The very fabric of these games is woven with mechanisms that empower players, granting them a tangible stake in the game’s ecosystem. This democratization can have profound social and economic repercussions. Just think about  models like play-to-earn that allow people, company and the society as a whole to consider Web3 Gaming not just a pastime but a potential source of income and a catalyst for digital economy innovation.

If the future looks bright, there is no shortage of hurdles and potential issues. The industry faces significant regulatory and legal challenges, from establishing clear frameworks for digital asset ownership to navigating the complexity of international laws. These considerations are becoming increasingly important, not just for the protection of player rights but for developing a sustainable and thriving gaming ecosystem that operates within a regulated and secure environment and can operate as such for a very long time.

Learn more about Web3 Gaming in our video:

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How does it work?

Accordingly to the day when you will finalise your purchase, you have the right to receive from 1 to 3 NFT Domains for FREE!

Once you have completed your order, within 48h you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain/s.

You can chose on which blockchain you want to mint on and minting fee is covered by Freename!

HOW TO USE COUPONS:

Once you have added your favorite items to the cart, you proceed to “checkout” and add your coupon to the “coupon box”.

Said coupon will instantly do its magic and your due total will drop!

COUPON CODE CAN ONLY BE USED ONCE!
ENJOY YOUR SHOPPING AND GIFTS!

How does it work?

Once you have completed your order, you will automatically receive on www.freename.io platform, in your personal area “portfolio” the randomly assigned NFT Domain value $50 or if you’re lucky a randomly assigned TLD with value $699 (between these: .immersive; .multiverse; .freelancer; .cashback; .hologram)

you can chose on which blockchain you want to mint your NFT Domain/TLD on and minting fee is covered by Freename!

GOOD LUCK!

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Why do i Need a Wallet?

Freename domains are blockchain-based assets and would be minted and stored using a wallet. Users are required to mint and manage their domains using a Metamask or Coinbase-configured wallet. It must be a non-custodial wallet, meaning that one must own the private keys to the wallet in order to approve transactions via a signature.

To benefit from Freename Web 3 domains/TLDs, you must have a wallet. This is because Web 3 domains/TLDs are blockchain-based assets. Users can mint and manage their domains using Metamask or Coinbase-configured wallets.

Keep in mind that it must be a non-custodial wallet. You own the private keys to the wallet (in order to approve transactions via a signature).

Are the Domains Associated with ICANN?

ICANN does not manage freename.io domains. Freename.io believes their TLDs/domains must allow customers to operate independently. Freename.io wants to build a utility infrastructure, allowing customers to use their services for valuable and generative purposes. By leveraging blockchain technology, Freename Web 3 domains/TLDs have no centralized authority imposing rules and regulations.

What is a Wallet?

Every blockchain user requires a wallet in order to interact with the network. A wallet is essentially an account on the blockchain where transactions can be sent and received. It is also where one can store blockchain assets such as cryptocurrency or NFTs (non-fungible tokens). There is no personal information associated with a wallet and none is required to create one. A wallet consists of a public key and a private key. The public key can be safely shared with anyone who wishes to send assets to the corresponding wallet, however, the private key should not be shared and is the key to accessing the wallet in the event where access is lost or to create another instance.

A crypto wallet (cryptocurrency wallet) is software or hardware that enables users to store and use cryptocurrency. With cryptocurrencies, there isn’t any actual money to carry around in a wallet. They exist on the blockchain. Similarly to traditional bank transfers, crypto wallets enable users to send and receive cryptocurrencies, NFTs, etc.

A wallet consists of a public key and a private key. To receive assets, you share your public key associated with your wallet. You should NEVER share your private key.

How do i Claim my Earnings from Freename

ou can withdraw revenues generated passively through a cryptocurrency transfer. Connect your cryptocurrency wallet and, once your withdrawal request is confirmed, the desired amount is pulled from Freename’s reserves and conveniently delivered to you!

Claim your earnings by following these steps:

  1. Connect your cryptocurrency wallet to Freename.io
  2. Request a withdrawal
  3. Receive request confirmation
  4. Receive withdrawal directly to your wallet.

Can i Transfer Domains?

Yes. The domain is stored in your cryptocurrency wallet and can be transferred by you after you have minted it. Access your portfolio, select the TLD or Domain you wish to transfer and type the recipient’s address. Afterwards, you must paste the OTP code you received by mail to confirm the transaction. Keep in mind that currently, it is not possible to import the domain that has been transferred, but it will be possible soon!

Yes. Domains are transferable ONLY after a TLD/domain has been minted and stored in a user’s wallet.

To transfer the TLD (or domain), the user must:

  • Access their wallet
  • Select the item they want to transfer
  • Enter the recipient’s address.
  • Confirm the transaction by pasting the OTP received by email

In the future, Freename.io will support importing domains that have been transferred.

What about Trademarks?

Registering a trademark on your Freename Web3 TLD will allow you to protect your web3 TLD and your logo worldwide juridically.

From the moment you deposit a trademark request, your web3 TLD will be protected worldwide for 6 months awaiting for the Swiss Federal Institute of Intellectual Property (IGE.ch) to confirm and register the availability of your TLD.****

A trademark is any symbol, phrase, or word that allows customers to identify a company’s goods or services. Freename is a web3 domain/TLD provider that also provides trademark registration.

A user must reach out to the trademark department to register a trademark. To get your trademark filed for review at the Swiss Federal Institute of Intellectual Property, a user must provide the following:

  1. Complete a Know your customer (KYC)
  2. A list of TLDs they wish to trademark
  3. Proof of payment

Once these conditions are met, it takes one week for the trademark to be reviewed and logo/TLDs to be provided with six months of worldwide protection.

Is Minting the same as Buying?

Purchasing a TLD (or domain) on Freename and minting it on the blockchain are two distinct steps. When you purchase a TLD (or domain), the transaction is recorded in Freename’s database and not on the blockchain. Minting a TLD (or domain) on the blockchain requires a second step: log into the user’s personal area, select the TLD (or domain) and press “mint TLD” (or domain): done! Don’t worry, once you have purchased a Freename domain, no one can take it away from you!

No. Buying and Minting a TLD/domain are two different things.**

Buying **is the process of recording a transaction on Freename’s database and not on the blockchain.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full control over the TLD/domain.

It is very easy to mint a domain/TLD once you purchase it. Simply:

  • Log into your personal area
  • Select the TLD (or domain)
  • Press “mint TLD” (or domain)

What is Domain Minting?

Minting is the process of publishing a Freename domain (or TLD) on the blockchain via your wallet to gain full custody of the domain. This means that the only person that has control over the domain (or TLD) is the person who controls (has access to) the wallet.

Minting is the process of pushing a user’s domain from Freename.io data onto the public ledger of a blockchain and into a user’s wallet. Giving the user full ownership over the domain.

Minting on Freename.io is as simple as the following steps:

  1. Go to the Freename.io website
  2. Enter the TLD/domain you want to buy in the search bar
  3. Add the TLD/domain to your cart
  4. Go to checkout
  5. Create a Freename.io account
  6. Purchase the TLD/domain with cryptocurrency or a credit card
  7. Go to “portfolio and incomes.”
  8. Click on mint TLD/domain

Which domains are Protected?

Protected domains and TLDs are domains and TLDs that we’ve detected are associated with a brand, organization, or notable person. We believe it is important to increase adoption for the next generation of the internet by helping to onboard brands into the Web3 era. If you are interested in applying for a Protected domain, please contact us.

TLDs/Domains associated with a notable person, brand or organization are considered Protected Domains. Protected domains help onboard brands in Web 3 increasing adoption. Protected domains also protect users from others impersonating/stealing their domains.

Reach out to Freename.io to apply for a protected domain.

Why use Freename?

Freename domains are unique by their very nature: only with Freename you can register domains with unique TLDs for your digital identity while passively earning money!

Freename.io is not only the leading TLD and Domains platform in Web 3, but also lets users generate passive income!

Owning a Freename Web 3 TLD entitles users to receive passive income whenever a domain is bought on their TLD. Users can register and mint TLD/domains of their choice if available.

What is a Domain?

A domain name is a string of letters and/or numbers that points to the IP address of the corresponding website. Generally, it is easier to remember a name than a long string of numbers.

A domain name is an address that people type into a browser bar to find a website. It consists of a Top-Level Domain (TLD), everything that comes after the dot, and the Second-Level Domain (SLD), everything that comes before the dot.

For example, “Freename.io” is the domain name, “Freename” is the SLD and “io” is the TLD.

Which Chains are Supported?

Freename has a multi-chain approach. You can choose on which Blockchain to mint your Web3 Domains and TLDs ranging Among Polygon, Cronos, and Binance.

A user can mint a Freename.io domain/TLD on the following blockchains:

  • Polygon
  • Cronos
  • Binance

Freename plans to expand its multi-chain approach by adding blockchains upon which domains can be minted.

Are there Renewal Fees?

No! Once you’ve bought a Freename Domain or TLD, it’s yours forever, no renewal fees ever!

No. There are no renewal fees on Freename.io. Once a user has paid a one-time payment for a domain/TLD, they own it. Forever.

This is the significant advantage of Web 3 domain/TLD over traditional alternatives.

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