Culture

WebX: A New Frontier for Blockchain Games and Web3 Innovations

October 9, 2024

At this year’s WebX, blockchain gaming emerged as one of the most discussed topics, reflecting the industry’s growing influence. The event featured a diverse range of speakers, including game developers, entrepreneurs, and investors, sharing their insights dedicated to the potential of blockchain technology to revolutionize the gaming industry. Discussions ranged from how blockchain can offer true ownership of in-game assets to the creation of new economic models within games.

Key Highlights

One of the standout moments of the event was the announcement of Sony chain called Soneium. It is an Ethereum Layer2 that offers a secure and transparent environment where players can truly own in-game assets, trade them freely, and participate in decentralized gaming economies. Soneium leverages smart contracts to ensure fairness and immutability, creating trust between players and developers. By combining the benefits of blockchain with innovative game development. Sota Watanabe, CEO of Startale has also mentioned that: Soneium aims to create a new era of gaming where digital ownership and player-driven economies are at the forefront. Emotion, Creative, Go Mainstream are the core values of Soneium, let's look forward to what surprises Soneium can bring us!

Japan’s Role in Blockchain Gaming

Japan, with its rich gaming culture, is poised to become a leader in the blockchain gaming space. The country’s well-established gaming industry provides a fertile ground for the integration of blockchain technology. Japan’s regulatory approach to blockchain and cryptocurrency has been relatively open, encouraging innovation while ensuring consumer protection. This environment has attracted both local and international companies to experiment with blockchain in gaming.

Challenges and Future Outlook

Despite the enthusiasm, blockchain gaming still faces several challenges. Scalability and high transaction fees on popular blockchain networks are significant barriers that developers must overcome. Additionally, there is a need for greater education and awareness among gamers about the benefits of blockchain technology.

However, the overall sentiment at WebX was optimistic. Many believe that as technology evolves and matures, these challenges will be addressed, paving the way for mainstream adoption of blockchain games. The next few years are expected to be critical for the development of this sector. Blockus, as a Web3 onboarding solution provider for game projects, is committed to assisting game projects in overcoming technical challenges and providing the support needed to achieve success.

Conclusion

WebX has highlighted the immense potential of blockchain gaming, positioning it not just as a niche market but as a transformative force in the global gaming industry. In the Web3 community, "GM" is commonly used as a greeting, standing for "Go Mainstream," and "Good Morning" which signifies the process of moving from a specialized area into broader,

WebX has highlighted the immense potential of blockchain gaming, positioning it not just as a niche market but as a transformative force in the global gaming industry. In the Web3 community, "GM" is commonly used as a greeting, standing for "Go Mainstream," and "Good Morning" which signifies the process of moving from a specialized area into broader, widespread acceptance. As Sota Watanabe said, with the goal of “Go Mainstream”, also  the technical and IP support from Soneium, we anticipate significant changes in the Web3 gaming industry soon. As blockchain technology advances and more developers and players embrace its possibilities, Blockus effortlessly transitions Web2 games into the Web3 space, allowing it to reach “mainstream” - a diverse global player base. The innovations and ideas presented at WebX have laid the foundation for what could be a new era in gaming.

Bowen Yue
TABLE OF CONTENT
Sign up to our newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.