What is Web3.0

Web3.0 is referred to as Web3 for short. It is a trendy nickname for a decentralized network. If web1.0 is read-only information, web2.0 is read + write information, then Web3.0 is to read, write and own information.

On the Internet, Web3.0 is a layer of currency and identity. It delegates the ownership of virtual assets and privacy to the actual owners rather than the platform and game manufacturer. For example, you recharge game points or purchase value-added props from some game platforms; however, it cannot be realized back to the assets consumed when you recharge, which becomes a one-way purchase behavior: that is, only the game and platform are officially the seller's market, and the player can only be the buyer.

Web3.0 is a way for all artists and creators to own what they create on the platform and the platform itself. It reconstructs all incentive models to make building joint ownership and governance structures more effortless.

MeStar wants to bring players into the world of Web3.0, but we can only gradually move from Web2.1, Web2.2, Web2.3... It was a process of experimentation and exploration. So to this day, we’re still working on ways to make more game forms more decentralized and further empower players with asset decentralization.

Why We Need Web3.0

In our past careers, we once learned that a game company sold KYC, mobile phone numbers, email addresses, and visitor IPs used by players when registering games to online casinos. This is a terrible thing, but they are proud of it because, at the best of the market, the identity information of a paying player can be sold for $12.58. However, in the Web3 world, the platform does not need to collect users' personal information. This feature promotes users' security to a higher dimension.

What is NFT

NFT stands for non-Fungible Tokens. It is a unique unit of data. Unlike Bitcoin, Ethereum, and USDC, which many people hold, NFT is more like a work of art. Each piece is different and is mainly owned by a single or very few people. They cannot replace each other, so they are called non-interchangeable or non-fungible tokens.

NFT in the game world has a natural affinity relationship with NFT in the field of art. One of the biggest problems in the current game field is that equipment and props can not be transferred and can not own by players. On the contrary, NFT is private property based on the blockchain. Users entirely control it; it can be freely transferred and traded, and imported into supported applications for enabling use.

In the game of MeStar client, for example, you build a house on a snowy mountain. You can frame the first and the second coordinates of the house through the box selection function in the game to form a three-dimensional space, upload and save it into a drawing, and then import this three-dimensional space into the game scene whether you are in other game maps or multiple locations in the game map.

Even if you don't re-edit or import it into other maps, you can still cast the drawing into an NFT and share it with all players in the market.

What is GameFi

GameFi, the full name of which is Game Finance, is a new business model that combines games with financial behaviors. It can assist games, quickly establish their systematic financial framework, and make financial products more gamified.

For example, the emergence of NFT introduces differentiated assets based on scarcity and creativity, while tokens such as ETH and USDC realize the commercialized value of NFT circulating in the market.

Instead of making financial products more gamified, MeStar's main direction is to introduce some financial forms into games and game platforms and to continuously delegate the rights of Token Insurance, copyright of NFT creation, and right of World NFT land management to players so that the play community can independently promote the game financial system.

X To Earn

Some behaviors will have a corresponding financial impact in the open game world, such as helping neighbors, maintaining farms and growing potatoes, or renting fishing rods from players in the next village. These helping, leasing, and selling behaviors can accelerate players to achieve phased goals like capital. If these exchange media are tokens that can be freely exchanged in the market, they will have a good goal drive and promote the paradigm shift of the financial market between players in the game.

Therefore, in the world of MeStar, there are various X To Earn behaviors that take place, which opens up more room for imagination and sprouts more interesting ideas.

Crypto / Web3 and Game

Over the past few years, more and more people have heard of or used products related to blockchain games. Blockchain games are becoming a new player in the mainstream gaming market.

From Token's first appearance as an incentive in games in 2011 to over 3 million DAUs in blockchain games from 2021 to now, a field restricted by new technologies has begun to take shape. The market value of encryption assets, the growth of users, the improvement of infrastructure, and mode innovation have laid the foundation for the development of GameFi. As a mature industry with a growth history of more than 20 years, PC online games will bring new growth points to the further expansion of the encryption market.

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