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What are Web3 games, and how do they work?

What are Web3 games? Web3-based gaming, commonly known as blockchain gaming, refers to gaming that leverages distributed ledger technology to give greater transparency, security, democratization and user control over in-game assets. Web3 games use cryptocurrencies and nonfungible tokens and are based on the decentralized, peer-to-peer architecture of blockchains (NFTs). Players may own, trade, and transfer…
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