Gone are the days when gaming and the web were disconnected – they are now interconnected and connected! A couple of decades ago, the way to get your new game was to purchase CD-ROMs. While the technologically more exposed people would resort to ordering them online, most mortals would resort to buying them from retail stores.
Today, it sounds almost similar to us talking about Julius Caesar when it comes to the world of gaming… So ancient! The convergence of the Internet and gaming has changed the landscape of games forever.
It is only natural for this moment to happen because just like any other entertainment, gaming is global in its reach.
The moment from Web 2.0 to Web3 signifies a landmark transition in the world of gaming. It brings a lot of advantages, strengthening not just the position of gaming but the entire digital space as a holistic offering.
With a seventh of the world’s population and with the economy overtaking that of Great Britain, India now plays a significant role in the landscape of global commerce and consumption. The subcontinent might have been the inventor of globally renowned games like chess but Keeping up with the modern times, India also has a sizable gaming community that plays a lot of collaborative games.
While India might have enthusiastic gamers, its focus on the economic viability of gaming has been lackadaisical at best. One of the possible reasons could be the approach that an average Indian gamer has towards their favorite game. They look at it as just a means of entertainment and do not aspire to derive any commercial benefits from it. This had inspired (or rather not!) Indians just stay satisfied with the Web 2.0 gaming scene.
Things, however, are poised to change!
Let us admit it! India requires an emotional pinch to spearhead the change. The Indian YouTube landscape did not care about the existence of the platform and the monetization options until Chammak Challo and Why This Kolaveri Di?! They did not care about Charlie biting the finger!!
In the same way, when it comes to Web3 gaming, it is difficult for an average Indian to understand the concept of games that involve collecting and breeding creatures. However, what Indians can understand… And emotionally connected is the game of cricket!
It’s been a few months since Japan introduced the world’s first P2E cricket game Meta Cricket League. It has opened opportunities for an average Indian to play cricket which is not only refreshing but also rewarding.
Meta Cricket League, commonly abbreviated MCL, represents a significant point of inflection in the world of gaming for Indians. It has not only brought India into the Web3 world in the most vibrant way possible but has also opened floodgates for Indians to explore Web3 gaming and P2E opportunities.
There might be a lot of reasons for people to explore Web3 gaming… Like complete ownership of gaming assets and P2E opportunities. However, for India, it is a lot more than just these two. We would like to discuss why India needs the transition from Web 2.0 to Web3 for its future centered around gaming.
The community:
Community is nothing but people… And the difference between a crowd and the community is the set of emotions that bond them together. Indians have not just craziness but respect towards the ideals of their community.
As you may have known, everything in Web3 is centered around the community… And gaming is not an exception. In India, considering the humongous population, a small percentage would still mean a lot of people. Even if gaming enthusiasts make up a small percentage of the population, they are surely sizable in numbers.
To ensure that the gaming is centered around the community and not around the whims and fancies of some Gaming companies, India needs to embrace Web3 gaming and leave behind Web 2.0.
The entrepreneurial spirit:
Until about half a decade ago, India was generally piggybacking on the innovations of the west. Today, however, India is an epicenter of innovation and entrepreneurship.
When the Indian community starts to embrace Web3 gaming, they encourage their fellow Indian entrepreneurs to invest in creating a new and engaging game. To make it simple, entrepreneurs will now have an India-first approach. This is bound to create a new breed of game development companies that will take the awesomeness of India to the world!
Come to think of it, it was something like this that made chess internationally famous. What if there was some Web3 game that will take some traditional rural Indian sport to the world?!
Investments and its offshoots:
It is quite known that Web3 makes it possible for people to completely own their gaming assets. It also gives the game assets the right to leave beyond the validity of the game, thanks to the NFT dimension. This has created a new asset class suited for the new generation of digital-centric investors.
The viability of any investment allies in its long-term validity and short-term energy in trade. If more Indians start to invest in P2E games and game NFTs, it will create a robust community of traders. Any kind of trading is an interest boost to the economy of the entire country.
We have seen people become billionaires if not millionaires just by investing in stocks… And not even creating their own company! Web3 games have the power to create this kind of economy for India.
Closing words
The fact that India is early to the market when it comes to Web3 and P2E games it’s an encouraging fact. The gap between the adoption of technology in the west versus India is slowly closing… And it will not be a surprise if there are some innovations created in India and it is taken to the west, especially in the Web3 space.
The key to this transformation, however, is to be sure that the Indian gaming scene slowly transitions into Web3, leaving behind Web 2.0 and all its misgivings.