The Web3 sector is teeming with thousands of products and services striving to engage a new generation of tech-savvy consumers, and blockchain gamification is one effective approach. This process involves incorporating interactive gaming elements to make non-gaming activities more engaging and immersive for users. The blockchain component enhances this concept by integrating Web3 elements, such as digital avatars and non-fungible tokens (NFTs), into metaverse-based gaming ecosystems.
When a Web3 brand – that already has a blockchain network serving as its underlaying tech — decides to deploy blockchain gamification techniques, it introduces a special array of features. These include brand-centric games and rewards from subsequent gaming competitions.
What Blockchain Gamification Entails
NFT brand Axie Infinity and mobile-friendly Web3 browser Fulldive are among brands that have incorporated blockchain gamification in their operations. Both platforms introduced versions of utility NFTs, VR games, and crypto points to have users spend more time on their platforms.
Through this process, brands can associate a storytelling narrative to their platforms and services. This can further help brands act as a hotspot for social interaction for its community members, marketing platform Smartico.ai explained in a blog post.
As part of the experiments with gamification, brands can implement rewards for using specific features and allow in-app trading of these NFT-like rewards. Several platforms are adding blockchain gamification to their operations in order to onboard old users and to keep things interesting for the newer ones.
Risks of Blockchain Gamification
Gamifying Web3 protocols always runs the risk of catering to or introducing gaming addictions. For the others, if designed and executed improperly, gamification could leave the users distracted from the utility of the platforms.
As explained by an Investopedia blog, gamification of web3 products and services “takes advantage of the same human psychology that causes people to enjoy winning at games and to dislike or even fear losing”.
The thrill to win the games integrated with their brands may manipulate people into engaging with a platform – where they could be at risk of facing crypto-linked financial losses.
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