On December 5th, Web3Games.com released version 2.0 of its whitepaper, iterating the original emphasis on "game asset on-chain" from version 1.0 to "full-chain game," aiming to accelerate the deep integration of games and Web3.

Author: Pionex, Foresight News

With the development of blockchain technology and the increasingly mature cryptocurrency economics, many believe that games will be the breakthrough for the large-scale adoption of blockchain, and the crypto world is exploring various ways to combine games and blockchain. The focus of the Web3 gaming field has also shifted from the initial hype of Axie and StepN leading the game asset on-chain to "everything can be on-chain" full-chain games.

Just as the focus of the gaming field has changed, on December 5th, Web3Games.com released version 2.0 of its whitepaper, iterating the original emphasis on "game asset on-chain" from version 1.0 to "full-chain game," aiming to accelerate the deep integration of games and Web3.

What is Web3Games.com

Web3Games.com is a decentralized encrypted gaming ecosystem and blockchain network, aiming to change the current gaming industry through blockchain technology, accelerate the transition to full-chain games, and truly make players the "owners" of all interactions and logic in the game, while increasing the transparency of game operations.

Web3Games.com 1.0 (On-chain asset games)

Web3Games.com 1.0 was launched in 2021 and is a set of basic components based on Polygon, including platform SDK, NFT market, LaunchPad, and token exchange platform.

• Platform: Web3Games.com is a comprehensive portal for players to access distributed gaming experiences. It provides comprehensive game listing services for developers, supports USDC and MATIC payments, and ensures the security and relatively convenient gaming experience for players through wallet integration.
• NFT Market: The secure trading gateway for NFTs in the Web3Games.com gaming ecosystem simplifies the process of purchasing and listing for players and optimizes transaction gas fees using the EIP-712 standard.
• Exchange w3gswap: Web3Games.com uses a decentralized exchange called w3gswap as an automated market maker (AMM) to promote the token economy of the gaming ecosystem. w3gswap utilizes the permissionless and security of Uniswap v2 to enhance users' freedom to complete token exchanges, thereby stimulating ecosystem activity.
• Launchpad: Committed to nurturing a new generation of game developers by providing the tools and resources needed to turn innovative ideas into reality. Specifically, Web3Games.com LaunchPad mainly achieves the above goals by providing developers with a token sale fundraising platform.

In addition to the infrastructure, Web3Games.com also developed four games at this stage.

• CryptoEmpire: Match-3 Battle: A Web3 PvP version of a joyful match-3 game that uses blockchain technology to provide players with token and NFT rewards, and matches gems in PvP battles to summon super-powered characters and compete for token rewards.

• DEBEATS: #1 Web3 Rhythm Game: A decentralized rhythm game built by Web3Games.com on Polygon, where players can collect and trade Beatmaps.

• POKAVZ W3POKER: Texas Holdem Game: Integrating token incentives, NFTs, and Texas Hold'em. Players use PASS NFTs to obtain game passes, collect mascots by completing tasks, upgrade VIP PASS NFTs, and earn rewards through daily leaderboards.

• Guardians of Arcanum: A tower defense game where players collect NFTs to build teams and devise defense strategies.

Web3Games.com 2.0 (Full-chain games)

After two years of dedication to developing encrypted game infrastructure applications and games, the Web3Games.com team gradually realized that the maturity of Layer2 technology and Rollup solutions has laid a solid foundation for full-chain games. Therefore, Web3Games.com decided to enter the next stage of development this year—building a full-chain game ecosystem driven by Layer2 game blockchains. In addition to the game blockchain as the underlying infrastructure, Web3Games.com also provides developers with a toolkit including launch templates and libraries, as well as dedicated development tutorials to simplify full-chain game development.

W3Gamez Network: Supported by the Layer2 OPStack solution, it provides support for decentralization, gas efficiency, scalability, and game-specific smart contracts. In terms of security, it inherits the security foundation of the Ethereum mainnet, providing developers with solid and reliable security guarantees.

FOCG Development Toolkit: Provides a series of key components for full-chain games.

• Wallet: Ensures interaction security through the implementation of Account Abstraction as a security cornerstone.
• Contracts: Accelerates game development through pre-built templates, allowing developers to focus on unique game aspects.
• Marketplace: Changes the in-game economy, allowing developers to create custom stores.
• Gas Tank: Enhances the accessibility of full-chain games by sponsoring and abstracting user gas fees.
• Indexer: Provides real-time data support for dynamic game mechanisms.
• The Payments module simplifies the financial aspects of full-chain games, providing developers with a variety of payment options and enhancing the token economic strategy of the full-chain game ecosystem.

Builder Space: An open community platform for developers, providing online seminars and tutorial articles to help developers gain in-depth understanding of FOCG development. In addition, it regularly hosts hackathons, game short film promotions, and theme challenges.

Web3Games.com Token Economics

WGT

WGT is the native utility and governance token of the Web3Games.com ecosystem, with multiple key utilities. As a payment currency, WGT plays a central role in the ecosystem, supporting various interactions, including acquiring game assets, paying fees, and unlocking development toolkits. Staking WGT can earn staking rewards, which are distributed quarterly to users actively participating in platform staking. Additionally, WGT is a crucial component of the decentralized governance of Web3Games.com, allowing token holders to submit proposals that influence protocol evolution, token distribution, and more. Users can acquire this token through participating in special activities, game staking, and staking W3G. Overall, WGT plays multiple key roles in the Web3Games.com platform, driving the development of the full-chain game ecosystem.

Total Supply and Token Distribution

The total token supply is 1 billion, with TGE supply and public sale accounting for 2.3% and 2% (43 million tokens) respectively. The public sale price is $0.018, with a total valuation of approximately $18 million and an initial market value of $414,000.

$WGT Public Sale

The $WGT public sale will start on January 3, 2024, at 3:00 PM Hong Kong time on the Web3Games.com platform and will end on January 8, 2024, at 3:00 PM Hong Kong time. This public sale will account for 2% (200 million $WGT) of the total supply (10 billion $WGT). The $WGT tokens will be issued on the Polygon mainnet, with a token price of $0.018 each, aiming to raise $360,000, with a total valuation of approximately $18 million. Of the tokens issued in the public sale, 10% of $WGT will be immediately unlocked after TGE, while the remaining portion will be gradually unlocked through a 12-month linear release after a 3-month lock-up period.

Token Unlock Plan

Additional Benefits of Holding $WGT

In addition to the mentioned utilities, holding $WGT can also bring additional benefits to users when the W3Gamez network goes live. The W3Gamez network is a Layer-2 network developed by Web3Games.com based on OP Stack, planned to go live in the first half of 2024. At that time, the team will release the native token of the network, $W3G.

Team Introduction

Web3Games.com is composed of a team of 30 professionals based in Hong Kong and Canada. The team has members with expertise in software development, product design, game development, and blockchain, and is divided into three independent but highly collaborative departments: the blockchain team, the game studio team, and the marketing operations team. They are responsible for blockchain infrastructure development and maintenance, building full-chain game narratives, and establishing community connections and expanding influence. The founding team members include KK Chen, Peng Xu, Max Luk, and Winter Lo.

CEO KK has over 10 years of experience in software development and product design and is the founder of several blockchain media and communities in Asia. He previously worked as a full-stack software engineer at E-bay and created an e-commerce platform in Web2, which was successfully acquired for tens of millions of dollars. He is also an early investor in multiple crypto projects. COO Peng Xu previously worked at Tencent and has over ten years of experience in large-scale game project development and management. The team actively participates in various hackathons in the blockchain development community and has won various awards.

Project Roadmap

As 2023 comes to a close, according to the Web3Games.com roadmap, the team has completed the launch, construction, release, and growth phases. In 2024, the main focus of the project roadmap is on breakthroughs, with a major emphasis on the construction of the Web3Games.com Layer2 network, including the game network, developer tools and infrastructure mentioned earlier, and the development of the developer community. Additionally, the roadmap reveals that the W3G token will be released in 2024.

In Summary

The popularity of full-chain games subtly reveals the direction of the transformation of the Web3 gaming industry, from on-chain assets to complete on-chain integration. The future of chain games allows developers to deploy custom Layer2 Rollup networks without barriers, simplifying the development process to achieve a development experience similar to deploying games on cloud servers, and has become a driving force.

Web3Games.com is committed to investing in this transformation, providing a basic development framework to unleash the potential and inspiration of game developers.

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