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Vulcanomics
  • đź“•White Paper
    • Disclaimer
    • A general Introduction to Vulcan Forged
      • Overview
      • Why Web3 and Blockchain Gaming?
      • Issues & Limitations
      • Vulcan Forged—Problem Solvers
      • Learning through Growth
      • Revising our Economy
      • Tokenomics
    • Elysium Forges: Tiers and Rewards
      • Economy
      • Elysium Nodes
        • Cronus Node
        • Demeter Node
        • Elysium Forges
        • Locking Your Node
        • Revenue Streams & Rewards
          • Node Rewards
          • LAVA Pools
          • Elysium God Pool
          • Demeter Node Rewards
          • Elysium NFT Pool
          • Node NFT
          • Elysium Forge Rewards
      • Page 6
      • Page 5
      • Page 4
      • Page 2
      • Page 1
    • Protocols, Usage & Staking
      • Elysium: an introduction
      • Elysium Protocols
      • Land Staking
    • Economy & Funding
      • Vulcan Forged: Overcoming Challenges and Building a Strong Ecosystem
      • Building for the Future: Elysium and Beyond
      • Updated: Distribution and Release Schedule
  • ♦️LAVA Litepaper
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On this page
  • Blockchain Gaming’s Lack of Success
  • Success of Traditional Game Companies
  1. White Paper
  2. A general Introduction to Vulcan Forged

Issues & Limitations

Blockchain Gaming’s Lack of Success

While NFT gaming has garnered a lot of attention recently, there are several limitations that have been experienced by players on other platforms. One of the major issues with Web3 gaming is scalability. Many Web3 games have struggled to handle large numbers of players, resulting in slow transaction times and a poor user experience. Additionally, the development of Web3 games has been slow, with many projects failing to deliver on their promises.

Another issue experienced is that many Web3 games tend to be shallow or boring to engage mainstream or casual players. This has led to a lack of adoption of Web3 gaming and a limited player base. Moreover, the user experience of many Web3 games has been poor, with clunky interfaces and confusing mechanics.

Success of Traditional Game Companies

In contrast to the above, traditional game companies have been highly successful at monetizing their user base through "pay to play" models, add-ons, and expansion packs. According to a report by Newzoo (1), the global games market is projected to reach $217.9 billion in 2023, with a significant portion of this revenue coming from microtransactions and in-game purchases.

However, Web3 gaming has the potential to disrupt this model by providing true ownership to players. With NFT digital ownership, players can truly own their in-game assets and transfer them between different games or platforms. Additionally, the use of NFT marketplaces like Agora, Vulcan Forged's NFT marketplace, empowers players to buy, sell, and trade their in-game assets for potential monetary value.

While Web3 gaming has its limitations (2), the potential benefits of NFT digital ownership and NFT marketplaces are significant. By providing players with true ownership and a way to monetize their in-game assets, NFT gaming has the potential to disrupt the traditional gaming industry and empower players.

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Last updated 1 year ago

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