How Web 3.0 can make any game ‘play to earn’
Web 3.0 offers a vision for the next stage of internet evolution where transactions are powered by blockchain technology and where people operate on decentralised and quasi-anonymous platforms.
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According to Nischal Shetty, Co-founder and CEO of WazirX, the confluence of play-to-earn games and the Metaverse in Web 3.0 will transform how gaming assets get traded.
"In Web 3.0, the assets are limited, created by gamers, and sold to other gamers," he explained, adding, "This is how gaming and Web 3.0 are going to come together, where ‘earning’ becomes one of the first use-cases, apart from leisure."
Web 3.0 offers a vision for the next stage of internet evolution where transactions are powered by blockchain technology and where people operate on decentralised and quasi-anonymous platforms.
The CEO also said stablecoins can become a window for innovation in India, before the launch of a CBDC (Central Bank Digital Currency). Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference, like the US dollar.
"Stablecoin makes the assumption that — because it uses fiat currencies or legal tender as its base — it creates a sense of stability, and has a better footing than other crypto assets," N Nappinai, a Supreme Court of India Senior Advocate, explained.
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Before you go, stay inspired with…
“For a business to stay its course and solve real-world problems at scale with long-standing impact, knowledge capital has to take precedence over speed-to-market expediency.”
— Praval Singh, VP - Marketing & Customer Experience, Zoho
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