The principle of Web3 games and apps

We have already discussed with you what Web 3.0 is. Let us briefly remind you of its principles.

Centralization has helped millions of people connect to the Internet and created a sustainable infrastructure. And at the same time, centralized services control whole Web segments and use their influence to decide what should and should not be.

Web3 is the answer to this. Instead of an Internet monopolized by big tech companies, Web3 offers a decentralized space built, managed, and owned by users. Web3 puts the power in the hands of individuals, not corporations.

Games are the most likely candidate to help people move to Web3. As one of the world's most popular forms of entertainment, they have a better chance of making it than any other industry. In addition, compared to other industries, games are already open to the principles on which Web3 is built.

What are the distinctive features of Web 3 games? Let's find out.

• Ownership. Web3 gives you unlimited ownership of your digital assets. Suppose, for example, you want to play a web2 game. If you buy an in-game item, it is tied directly to your account. If the game owners delete your account, you lose your attributes. And if you stop playing, you'll lose everything you've invested. In turn, Web3 allows direct possession through non-fungible tokens (NFT). No one can take your property away, not even the game creators. You can sell your items and recoup their value if you stop playing.

• Integrated Payments. Web2's payment infrastructure depends on banks and payment systems. Web3 uses tokens like ETH to send money directly from a browser and does not require trusting third parties.

• Resistance to censorship. In Web3, your data is on the blockchain. When you decide to leave the platform, you can take your reputation with you and move it to another interface that is more in line with your values.

• Integrity Most conventional games can be modified or hacked, giving some players an unfair advantage over others. Decentralized games offer players what they need: a transparent, consistent, and fair system that eliminates the possibility of cheating.

How to make ф profit on Web 3 games?

Earning on games has ceased to be something surprising. More and more often, we hear about people giving up their office jobs and diving into the games, where they not only enjoy the process but also earn real money. And first and foremost, we are talking about making a profit from NFT games: the leading trend in Web 3 applications.

NFT games are popular because of the Play-to-Earn model. Gamers can collect unique digital items, sell them, and trade them. This can be anything from new characters to weapons. No matter how you earn NFT assets, each piece gives you exclusive ownership of them.

Let’s check why the NFT games are attracting thousands of new users daily:

• Convenient financial system. NFT tokens give gamers more control over revenue than microtransactions. Gamers have long been used to buying in-game items and accessories with microtransactions. NFT is the next generation of microtransactions in gaming, giving gamers even more control. They can buy, sell assets, or get a percentage of resale.

• Additional earning opportunities. While in regular games, you can earn only from certain actions, crypto games also allow you to earn from market fluctuations. While the game attracts more and more users, the value of your digital assets grows. Many players start their acquaintance with cryptocurrencies thanks to Web 3 games, opening new horizons.

• Compatibility with everyday life. Web 3 developers sincerely strive to create useful tools, with the effect extending beyond the smartphone. Where else can you make money from doing sports (Move-to-Earn), or, for example... Meditate or think!

Inite offers the brand new concept of Think-to-Earn: You make a profit by recording the ideas that emerge from your meditations or brainstorming sessions. Beforehand, you must invest in the NFT "devices" on which the recordings will be made. As you upgrade them, the cost of the devices also increases. And for each note (whether it’s an insight, plan, words of gratitude, and so on), you get Idea tokens, which will be traded on an exchange in the future. Inite cooperates with blockchains such as Near, Aurora, and Polygon. The project is constantly evolving, and with each new release offers users more and more functionality.

Think2Earn is the basis of #ideanomics, a new economy that we are creating. We aim to create a world of open-minded, deep-thinking people with many fascinating ideas. Join us in Inite!