Recently in Latin America, the adoption of cryptocurrencies and Blockchain has increased significantly; therefore, any application or tool that contributes to the development of both technological options is supported by users. Therefore, get a reliable platform like thebitcoincode.io to trade this electronic currency and maximize your trading gains.
Web 3.0 arrives in Latin America.
Hand in hand with the company Ola GG, Web 3.0 has begun to form part of Latin America through eSports, allowing users to have new experiences through this type of option where video games will keep everyone’s attention.
The technology to be used is that of blockchain gaming, where the Play-to-Earn game technology helps users entertain themselves and generate money for doing what they like to “play.”
The topic that has generated the most significant interest among video game users is the possibility of exchanging NFTs, which represent digital financial instruments that operate directly with blockchain technology.
Currently, users of Web 2.0 and video games can carry out a transaction to purchase assets that only increase in value due to the game’s popularity, leaving their investments in a kind of limbo where at a given moment, they can be worth a lot of money and overnight another to have a value equal to zero.
Video game developers have created many incentives to attract the most significant number of gamers, even making use of scholarships where they grant participants a percentage equivalent to 70% of the profits generated in the games, and the differential will correspond to the platform; however, the financial preparation of the players is essential for investment decisions to be the most successful.
Each video game has developed its ecosystem, economy, and, therefore, its token or cryptocurrency. The exchange of these for Fiat currencies or another cryptocurrency is unique and exclusive to each user.
What are Web 3.0 games?
In recent years we have observed how Web 3.0, the metaverse, the Blockchain, and other applications facilitate people’s daily activities from a digital perspective.
Many doubts exist concerning the development and advancement of the technology proposed by Web 3.0, where one of the main characteristics is to generate money through games and the various opportunities that open up for current Internet users from an entertainment perspective.
The games offered by web 3.0 undoubtedly represent a paradigm shift not only in the way of playing but also in the technology used for its architecture to develop optimally. Therefore, it could not be other than the Blockchain.
Many users of this type of element consider their game time as an investment that returns attractive profits and makes many users curious about these platforms.
The pandemic promoted the use of technology.
Many people who lost their jobs due to the coronavirus pandemic found the solution to their lack of income through online games. However, in the case of the Philippines, the authorities had to establish taxes on income obtained through video games.
A source of income that, for many, could be absurd due to the traditional way in which we are used to working and generating revenue.
One of the most famous video games during this isolation season was Axie Infinity. Players invest in the official token known as Axies, creating an initial investment that can later be transformed into gigantic profits.
In the case of eSports, it has remained at a reserved level where the participants are a limited number dedicated to playing the proposals based on web 2.0.
The main difference between the existing games in Web 2.0 and Web 3.0 is that the former has been developed under a centralized platform where the rewards went to the marketers of the video games and not in favor of the players and developers, while With Web 3.0 the benefits will be distributed in a decentralized way through the Blockchain.
Conclusion
gamers to make smart investments within an environment is increasing, which assumes high levels of volatility.
Although web 3.0 is just taking its first steps, there is no doubt that once they merge with more elements of the crypto ecosystem, the benefits and earnings will also diversify.
