3 Must-Know Web3 Gaming Platforms for 2024

Web3 is bringing new ways for players to interact with their favorite games. At its heart, Web3 means players can own digital assets, earn real rewards, and participate in decentralized game ecosystems. 

Today, we’ll look into three major platforms in this space. These platforms are changing the gaming industry by introducing blockchain, giving players more control over their in-game experiences and assets.

Funtico

Funtico is a Web3 gaming platform that uses blockchain to give players true ownership of in-game assets. In traditional gaming, players buy items, but they don’t really own them; the game company does. If the game goes down, those items are lost forever. 

Funtico flips that model on its head by allowing players to own their in-game assets as NFTs (non-fungible tokens). These NFTs can be bought, sold, or traded within the Funtico platform and across external marketplaces.

Funtico doesn’t stop at asset ownership; it also has a robust reward system. Players are rewarded for their activity through various means, including Capsules, Scratch Cards, and Loot Packs. These are essentially bonus items that players can earn while gaming that have real-world value and incentives to keep playing. Plus, Funtico’s token, $TICO, is the platform’s currency and can be used to buy in-game items or even staked for more rewards.

Funtico has tools such as a Creator’s Studio for developers, so they can easily integrate NFTs into their games without needing extensive blockchain knowledge. So, it’s not just for players but also for game creators looking to get into the Web3 space.

Gala Games

Gala Games is another blockchain-based gaming platform focusing on decentralization and giving players a say in game development. In the traditional gaming world, game developers control everything, from updates to content releases. 

Gala Games flips that on its head by giving players the power to decide the direction of their games through a community governance system. Players can vote on updates and changes so their voice is heard and the games evolve in a way that benefits the community.

One of Gala Games’ key features is true digital ownership. Using blockchain technology, Gala Games allows players to own their in-game items as NFTs, which can be traded, sold, or transferred to other games. This gives players more control over their digital assets than traditional gaming, where game assets are locked to an account and can’t be traded.

Gala Games also operates on a play-to-earn (P2E) model. Players earn GALA tokens by playing games, which can be spent within the Gala Games ecosystem or exchanged for other cryptocurrencies. These tokens have real-world value, so playing the games is financially rewarding in a way traditional games can’t.

The Sandbox

The Sandbox is a Web3 gaming platform that allows players to create their own virtual worlds. It operates in the metaverse, a shared digital space where users can create, explore, and interact with each other. Unlike traditional games that are designed and controlled by developers, The Sandbox gives its players the tools to design their own games, experiences, and digital assets.

In The Sandbox virtual land is bought and sold as LAND tokens, NFTs representing parcels of digital real estate. Players can use these LAND tokens to build anything from simple structures to full games. These creations can then be monetized so players can earn money from their digital properties. Players can also trade in-game items and assets as NFTs in The Sandbox’s marketplace, so they have another way to earn.

$SAND is The Sandbox’s native token, used to buy LAND and other in-game items. Like Funtico and Gala Games, The Sandbox also has interoperability between games and platforms, so players can use their assets across multiple games in the metaverse.

Why Web3 Is Important

Web3 gaming is more than just a tech change; it’s a change in the relationship between the player and the game. In traditional gaming, players invest time and money into games but have no real ownership of in-game assets and no say in how the game is developed or managed.

Web3 solves this by giving players ownership of in-game assets and a voice in the game development. This is a big change for the gaming industry, as it means more player autonomy and new ways for players to earn real-world value from gaming.

Using blockchain technology, the platforms we looked at in this guide are creating new ways for players to play, with real rewards and financial opportunities that weren’t possible in traditional gaming.

Conclusion

Web3 gaming platforms like Funtico, Gala Games, and The Sandbox are changing the way we think about games and player engagement. Funtico integrates NFTs and rewards, Gala Games is all about decentralization and player governance, and The Sandbox lets players create and monetize their own virtual worlds. These are the future of gaming, where players have real ownership, earn real rewards, and actively shape the gaming landscape.