Three-Minute Guide to Understanding the Web3Games.com Fully On-Chain Gaming Ecosystem
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Three-Minute Guide to Understanding the Web3Games.com Fully On-Chain Gaming Ecosystem
Web3Games.com is a decentralized crypto gaming ecosystem and blockchain network.
Navigating Web3 tides with focused insightsBy Paimon, Foresight News
As blockchain technology advances and crypto-economics matures, many believe gaming will be the breakthrough for blockchain’s mass adoption. The crypto world is actively exploring various ways to integrate gaming with blockchain. Attention in the Web3 gaming space has shifted from early viral trends like Axie Infinity and StepN—focused on tokenizing game assets—to the broader concept of "on-chain everything" through fully on-chain games.
Mirroring this evolution in gaming focus, on December 5, Web3Games.com released its Whitepaper 2.0, upgrading its original 1.0 vision of “on-chain game assets” to a new paradigm centered on “fully on-chain games,” aiming to accelerate deeper integration between gaming and Web3.
What is Web3Games.com
Web3Games.com is a decentralized crypto gaming ecosystem and blockchain network aiming to transform the current gaming industry using blockchain technology. Its goal is to accelerate the transition toward fully on-chain games, enabling players to truly own all in-game interactions and logic while enhancing transparency in game operations.
Web3Games.com 1.0 (On-Chain Asset Games)
Launched in 2021, Web3Games.com 1.0 was built on Polygon and provided a suite of core components including a platform SDK, NFT marketplace, LaunchPad, and token swap platform as foundational infrastructure.
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Platform: A comprehensive gateway for Web3Games.com users to access distributed gaming experiences. It offers developers full game listing services, supports USDC and MATIC payments, and ensures player security and relatively seamless gameplay via wallet integration.
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NFT Marketplace: The secure trading hub for NFTs within the Web3Games.com ecosystem, simplifying purchase and listing processes for players. It adopts the EIP-712 standard to optimize gas fees during transactions.
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Exchange w3gswap: Web3Games.com built w3gswap, a decentralized exchange based on an automated market maker (AMM) model, to support in-game token economies. Leveraging Uniswap v2's permissionless design and security, w3gswap increases user freedom in token swaps and boosts ecosystem activity.
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Launchpad: Designed to nurture next-generation game developers by providing tools and resources to turn innovative ideas into reality. Specifically, the Web3Games.com LaunchPad helps developers raise funds through token sales platforms.
Beyond infrastructure, Web3Games.com also developed four games at this stage.
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CryptoEmpire: Match-3 Battle: A Web3 PvP version of Candy Crush, leveraging blockchain technology to offer players token and NFT rewards. Players match gems in PvP battles, summon super-powered characters, and compete for token prizes.
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DEBEATS: #1 Web3 Rhythm Game: A decentralized rhythm game built by Web3Games.com on Polygon where players can collect and trade Beatmaps.
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POKAVZ W3POKER: Texas Holdem Game: A poker game integrating token incentives, NFTs, and Texas Hold’em. Players use PASS NFTs as entry tickets, complete tasks to collect mascots, upgrade their VIP PASS NFTs, and earn rewards by competing on daily leaderboards.
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Guardians of Arcanum: A tower defense game where players build teams using NFTs and devise defensive strategies.
Web3Games.com 2.0 (Fully On-Chain Games)
After two years of developing crypto gaming infrastructure and games, the Web3Games.com team realized that advancements in Layer2 technology and rollup solutions have laid a solid foundation for fully on-chain games. As such, Web3Games.com decided to enter its next phase—building a fully on-chain gaming ecosystem powered by a Layer2 gaming blockchain. In addition to developing the underlying blockchain infrastructure, Web3Games.com now provides developers with toolkits containing starter templates and libraries, along with dedicated development tutorials, to simplify the creation of fully on-chain games.
W3Gamez Network: Built using the Layer2 OPStack solution, it delivers decentralization, gas efficiency, scalability, and support for game-specific smart contracts. In terms of security, it inherits Ethereum mainnet's robust security base, offering developers reliable protection.
FOCG Development Toolkit: Provides a suite of key components for building fully on-chain games.
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Wallet: Ensures interaction security on-chain by implementing Account Abstraction as a foundational layer.
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Contracts: Pre-built templates accelerate game development, allowing developers to focus on unique game elements.
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Marketplace: Transforms in-game economies by enabling developers to create custom stores.
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Gas Tank: Enhances accessibility of fully on-chain games by sponsoring and abstracting user gas fees.
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Indexer: Delivers real-time data to support dynamic game mechanics.
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Payments module streamlines financial aspects of fully on-chain games, offering developers multiple payment options and improving token economic strategies across the ecosystem.
Builder Space: An open community platform for developers featuring webinars and tutorial articles through an educational center designed to help developers master FOCG development. Additionally, regular hackathons, game pitch events, and themed challenges are hosted.
Web3Games.com Token Economics
WGT
WGT is the native utility and governance token of the Web3Games.com ecosystem, serving multiple critical functions. As a payment currency, WGT plays a central role across the ecosystem, supporting various interactions such as acquiring game assets, paying fees, and unlocking development toolkits. Staking WGT earns staking rewards, which are distributed quarterly to users actively participating in platform staking. Moreover, WGT is a key component of decentralized governance on Web3Games.com, allowing token holders to submit proposals influencing protocol evolution, token distribution, and more. Users can obtain WGT by participating in special events, game staking, or staking W3G. Overall, WGT serves multifaceted roles within the Web3Games.com platform, driving the growth of the fully on-chain gaming ecosystem.
Total Supply and Token Distribution
The total token supply is 1 billion WGT. TGE supply and public sale allocations are 2.3% and 2% respectively (43 million tokens). The public sale price is set at $0.018 per token, with a total valuation of approximately $18 million and an initial market cap of $414,000.
$WGT Public Sale
The $WGT public sale will begin on January 3, 2024, at 3:00 PM Hong Kong time on the Web3Games.com platform and end on January 8, 2024, at 3:00 PM Hong Kong time. This public sale represents 2% (20 million $WGT) of the total supply (1 billion $WGT). The $WGT token will be issued on the Polygon mainnet at a fixed price of $0.018 per token, targeting a fundraising goal of $360,000 and a total valuation of approximately $18 million. Of the tokens sold publicly, 10% of $WGT will unlock immediately after TGE, while the remainder will be subject to a 3-month lock-up period followed by a 12-month linear vesting schedule.
Token Unlock Schedule
Additional Benefits of Holding $WGT
In addition to the utilities mentioned above, holding $WGT offers users extra benefits upon the launch of the W3Gamez Network. W3Gamez Network is a Layer-2 network developed by Web3Games.com based on OP Stack, scheduled to go live in the first half of 2024. At that time, the team will release the network’s native token, $W3G.
Team Introduction
Web3Games.com consists of a team of 30 professionals headquartered in Hong Kong and Canada. The team brings together experts in software development, product design, game development, and blockchain, organized into three independent yet highly collaborative departments: Blockchain Team, Game Studio Team, and Marketing & Operations Team. These units are responsible for blockchain infrastructure development and maintenance, crafting fully on-chain game narratives, and building community engagement and expanding influence, respectively. Founding team members include KK Chen, Peng Xu, Max Luk, and Winter Lo.
CEO KK has over 10 years of experience in software development and product design and is the founder of several blockchain media outlets and communities across Asia. He previously worked as a full-stack software engineer at eBay and founded a successful e-commerce platform in Web2 that was acquired for millions of dollars. He is also an early investor in multiple crypto projects. COO Peng Xu formerly worked at Tencent and brings over ten years of experience managing large-scale game projects. The team actively participates in various hackathons within the blockchain development community and has won multiple awards.
Project Roadmap
As 2023 comes to a close, according to the Web3Games.com roadmap, the team has already completed the stages of initiation, construction, launch, and growth. Entering 2024, the project’s guiding theme is breakthrough, focusing primarily on the development of the Web3Games.com Layer2 network—including the game network, developer tools and infrastructure, and developer community building outlined in Web3Games.com 2.0. Additionally, the roadmap reveals that the W3G token will be launched in 2024.
Summary
The rising momentum behind fully on-chain games subtly reveals the direction of transformation in the Web3 gaming industry—from partially tokenized assets to entirely on-chain systems. The future of blockchain gaming lies in enabling developers to effortlessly deploy customized Layer2 Rollup networks, simplifying development to offer an experience akin to deploying games on cloud servers—an inevitable trend.
Web3Games.com is actively contributing to this transformation by providing foundational development frameworks to unleash the potential and creativity of game developers.
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