Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

718,351 Ethereum Worth $3.31B Trapped in Exit Queue — Withdrawals May Take Over Two Weeks

19/08/2025

Rural Texans continue push to regulate Bitcoin mining over noise, quality of life concerns

19/08/2025

4 Possible Paths for ETH’s Next Move, According to Analyst

19/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    718,351 Ethereum Worth $3.31B Trapped in Exit Queue — Withdrawals May Take Over Two Weeks

    19/08/2025

    4 Possible Paths for ETH’s Next Move, According to Analyst

    19/08/2025

    ConsenSys CEO Says SharpLink Will Outgrow Rivals in Ethereum Treasury Race

    19/08/2025

    Ethereum Faces Second-Highest Yearly Sell Wave — Is $5,000 Still In Play?

    19/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT market cap drops by $1.2B as Ether rally loses steam

    18/08/2025

    From Apes to Punks, NFTs roar back with triple the buyers

    17/08/2025

    What’s Behind the Price Surge

    17/08/2025

    NFT market cap hits $9.3B, fueled by Ether surge

    13/08/2025

    718,351 Ethereum Worth $3.31B Trapped in Exit Queue — Withdrawals May Take Over Two Weeks

    19/08/2025

    Rural Texans continue push to regulate Bitcoin mining over noise, quality of life concerns

    19/08/2025

    4 Possible Paths for ETH’s Next Move, According to Analyst

    19/08/2025

    Despite Trump’s EO for 401(k) to invest in crypto, employers and plan sponsors must approve before any changes happen

    19/08/2025
  • Blockchain

    Corporations don’t care about your blockchain

    18/08/2025

    Zoro Partners with MAGNE to Unveil AI-Powered Web3 Smartphone

    18/08/2025

    CDARI Teams Up with AppBase to Build Better Web3 App Chains

    18/08/2025

    LayerZero Launches DAM: Zero-Fee Cross-Chain Token Transfers

    18/08/2025

    PocketFi Partners with Rhino.fi to Enable Seamless Cross-Chain Payments on Telegram

    18/08/2025
  • DeFi

    Investors May Soon Earn 4–7% Annual Yield on XRP Holdings

    19/08/2025

    Figure Puts Security and Flexibility First

    19/08/2025

    Swarm Launches ‘DeFi-Compatible’ Tokenized Stocks on Hedera

    18/08/2025

    The Backbone of Stablecoin Liquidity in DeFi

    18/08/2025

    CeDefi Protocol BounceBit Launches Franklin Templeton’s Tokenized Money Market Fund on BB Prime

    17/08/2025
  • Metaverse

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025
  • Regulation

    Despite Trump’s EO for 401(k) to invest in crypto, employers and plan sponsors must approve before any changes happen

    19/08/2025

    Argentina Leads in Crypto Ownership in Latam, Outpacing Brazil and El Salvador

    19/08/2025

    Here Are 3 Bullish Reasons Why JPMorgan Sees S&P 500 Rallying Much Higher

    19/08/2025

    Stablecoin Float Surpasses $270 Billion, Setting a New High

    19/08/2025

    Ripple Eyes $19 Trillion Tokenization Boom as Institutional Adoption Accelerates

    19/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bybit EU launches first MiCA-compliant Launchpool with XION

    18/08/2025

    Coinbase Slashes Low-Quality Account Restrictions by 90% With AI and Voice Support

    18/08/2025

    Moonpay, Trust Wallet sign multi-year on/off-ramp deal

    18/08/2025

    Bitcoin Exchange Binance Announces Support for This Altcoin’s Network Upgrade and Hardfork! Here Are the Details

    18/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    AI Agents Are Taking Over Game Development: Google

    19/08/2025

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    18/08/2025

    Tom Talk Partners with MZZC Global Foundation’s Crypto Investment Fund to Its Expand Web3 Gaming Global Presence

    17/08/2025

    Coinbase’s Jesse Pollak argued that Fortnite’s economy would be “10x better onchain”

    17/08/2025

    Rural Texans continue push to regulate Bitcoin mining over noise, quality of life concerns

    19/08/2025

    Solo Bitcoin Miner Achieves Astounding 3.1 BTC Block Reward

    18/08/2025

    Bitcoin Network Hashrate Rose 4% in First Two Weeks of August: JPMorgan

    18/08/2025

    Bitcoin Miner TeraWulf’s Stock Surges as Google Ups Its Stake in the Company

    18/08/2025

    Agency Files Status Report to Confirm XRP Case Closure

    18/08/2025

    Judge halts FTC inquiry tied to X advertising backlash

    18/08/2025

    US Treasury weighs digital ID verification in DeFi to tackle illicit finance

    18/08/2025

    US sends crypto influencer to jail for large-scale illegal mining scheme

    18/08/2025

    718,351 Ethereum Worth $3.31B Trapped in Exit Queue — Withdrawals May Take Over Two Weeks

    19/08/2025

    Rural Texans continue push to regulate Bitcoin mining over noise, quality of life concerns

    19/08/2025

    4 Possible Paths for ETH’s Next Move, According to Analyst

    19/08/2025

    Despite Trump’s EO for 401(k) to invest in crypto, employers and plan sponsors must approve before any changes happen

    19/08/2025
  • MarketCap
NBTC News
Home»GameFi»Bragging Rights Are Key to Retaining Web3 Gamers
GameFi

Bragging Rights Are Key to Retaining Web3 Gamers

NBTCBy NBTC11/07/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Gamers are competitive beasts. Sure, they play for passion and love for the game, but, deep down, it is victory and glory that they’re really after. Through the creation of online digital identities, modern gamers can play for a completely new type of prize: extensive social clout in their online communities.

This post is part of CoinDesk’s GameFi theme week. Allen Ng is the Co-Founder of OpenSocial Protocol and EVG, one of Asia’s largest Web3 operating groups in consumer products.

Web3 gaming has struggled for various well-documented reasons, most notably in the form of great backlash from the gaming community due to Web3 games being “boring” and “depthless.” With evolving Web3 systems enabling a new wave of gaming achievements that are verifiable and interoperable across gaming ecosystems, we will be able to witness new Web3 social systems and communities that can change not just Web3 gaming but the entirety of online gaming forever.

The social layer of gaming

In 2016, Pokémon Go, an augmented reality mobile game, became so popular that players could be seen trawling cities and socializing to catch Pokémons, making the company earn over $6 billion in that year alone. Today, 40% of Gen Z and millennials socialize more in online games than in the physical world. This is primarily due to technological advancements and the rise in smartphone availability, which have made mobile gaming more prominent over the years, making the average amount of time and money spent on mobile gaming much higher than on gaming consoles.

The hidden truth is that the success of Pokémon and others, like Clash of Clans, stems from their strong social layer, which enhances user retention, gaming experience, and revenue.

Socializing is built into human nature and is a vital aspect of gaming. These immersive gameplays rely heavily on well-constructed social elements that create both competition and community where players are able to go online to interact and play together with their friends or even battle them through PvP (player versus player). After all, we are all social beings and tend to spend more time and money when we are not alone.

Eliminating Web3 gaming obstacles

Currently, most Web3 games use airdrops and token rewards to attract players, but more often than not, the retention rate of players in these games is low. Projects often focus on sustainable tokenomics and rewards but forget about the social layer and shared fun in games, which is key to user retention and network bootstrapping.

Gaming and social are distinct but intertwined layers. Gaming creates enjoyment and fun, while the social layer creates an emotional attachment and app stickiness, eventually creating a longer-lasting bond when you enjoy it with someone else.

Ultimately, Web3 social systems are necessary for games to allow players to perform transactions with one another and not just with the game itself. By integrating the social layer, you’re enabling emotions and bonding between players and teams.

It will not be just you and “The Matrix” anymore. It will be you and your friends, your competition, and your community.

Bragging rights are gaming’s crude oil

In the fine lines of the social layer, there is one aspect that keeps gamers hooked, and that is the bragging rights that they have achieved in their gaming journey. Think of Xbox Live, online games, and eSports, where players are able to compete with one another, grow in their rank/levels, gain recognition medals, and unlock achievements.

With all the time invested into a game, players will grow more attached when they have something to brag about in their time spent gaming, and a place to brag about it. Those bragging rights are the crude oil that is constantly fuelling the $200 billion-a-year gaming economy after the right refining, but they are also missing in Web3 gaming, relegated behind grind-and-earn mechanics.

The next generation of Web3 gaming dApps needs to understand the importance of the social layer by including community self-sovereignty, creating composable UI layers and giving gamers something to brag about, in addition to offering financial incentives. Only then will the adoption of Web3 games increase.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

AI Agents Are Taking Over Game Development: Google

19/08/2025

What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

18/08/2025

Tom Talk Partners with MZZC Global Foundation’s Crypto Investment Fund to Its Expand Web3 Gaming Global Presence

17/08/2025

Coinbase’s Jesse Pollak argued that Fortnite’s economy would be “10x better onchain”

17/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

718,351 Ethereum Worth $3.31B Trapped in Exit Queue — Withdrawals May Take Over Two Weeks

19/08/2025

Rural Texans continue push to regulate Bitcoin mining over noise, quality of life concerns

19/08/2025

4 Possible Paths for ETH’s Next Move, According to Analyst

19/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.