Gaming and BUK Protocol
TL;DR
Buk helps web3 games to create consumption based in-game assets (Like a sword which wears out after 10 swings)
Allows quick creation of in-game marketplaces improving asset sale (Like PIXELS in game marketplace) - Like this
Wider distribution of assets across multiple marketplaces(SkyMavis, Rarible, OpenSea, etc) with a single integration. (Buy Lands/Pets from PIXELS across NFT marketplaces) - Like this
Introduction
Web3 games, distinct from conventional counterparts, leverage the blockchain to redefine player experiences and reshape the gaming landscape. From immersive virtual worlds to blockchain-powered collectible games like CryptoKitties and decentralized strategy games such as Axie Infinity, the spectrum of Web3 games is diverse and captivating. Unlike traditional gaming models where players are mere participants, Web3 gaming empowers them as stakeholders with true ownership of their digital belongings. This shift in ownership opens the door to dynamic asset tokenization, revolutionizing the way players interact with in-game resources.
BUK Protocol is a solution stack for dynamic assets - perishable, impermanent assets which expire either with passage of time, or based on other factors. The Protocol also includes a tool-set for creation of closed marketplaces. dApps using BUK protocol can also take advantage of its integrated order book features to enable trading of its own assets on multiple platforms such as OpenSea, Rarible or SkyMavis.
This note explores how BUK protocol can enhance web3 games and opens up possibilities for innovative game design.
Perishable in-game assets
Just as in the real world, where resources are finite and subject to depletion, dynamic assets in games can be built now to have a lifespan. The concept of perishability can add excitement and challenge, mirroring real-world resource management. This can introduce a new kind of strategic decision-making for players, as they must manage their assets effectively to thrive in the game world. Whether it's a duration based super power for your Avatar, A fairy - who emerges at a particular point in time with a 5 minute window give boons, A fuel station which issues discounted fuel only for 30 mins in a day, or utilizing farm produce before they get rotten, the perishability of assets adds a layer of complexity that enhances immersion and strategic depth because players must remain engaged to continuously assess and reassess their asset positions. Thus improving DAU and other user retention metrics.
Marketplaces in games
The integration of in-game marketplaces can add new value to gamers and game developers both.
Players gain the ability to monetize their in-game achievements and assets, transforming their gaming experience into a potential source of income. The marketplace empowers users with true ownership of digital items, creating a sense of investment and attachment to their in-game possessions. Additionally, the opportunity for peer-to-peer trading fosters a vibrant player community, as individuals collaborate, trade, and compete in an evolving virtual economy. With a marketplace, the concept of ‘play-to-earn’ assumes a very different significance.
For game developers, this marketplace introduces a lucrative revenue stream through the sale of in-game items, diversifying monetization strategies beyond traditional game purchases or subscriptions. By facilitating the trade of digital props, developers can cultivate a dynamic and self-sustaining economy within the game, fostering player engagement and longevity. The creation of a marketplace also provides developers with valuable insights into player preferences and behavior, enabling more informed decisions in future game development and content creation.
BUK protocol stack and web3 gaming assets
BUK Protocol, in general, consists of various layers for dApp developers and asset owners.
Factory Smart Contracts: BUK Protocol's smart contracts cover the on-chain lifecycle of perishable dynamic assets, offering modules like tokenization, dNFT, Treasury, Marketplace, and Interfaces based on asset requirements.
Ingestion Oracles: Validate asset provenance, bridging producer apps and tokenization smart contracts.
Protocol Contracts: The Aggregated Marketplace ensures a universal cross-asset marketplace, while the BUK Treasury contract manages protocol-related commissions and charges transparently.
Consumer Oracles: Provide seamless integration and frictionless interoperability for inventory marketplaces.
Web2 Integration Oracles: Bridge BUK Protocol with traditional web2 systems, facilitating smooth integration with existing payment platforms.
BUK Protocol stack for Web3 gaming
BUK Protocol stack for web3 games provides game developers with mechanisms to quickly develop features around perishable impermanent assets and/or launch their in-game marketplaces. Key components of BUK protocol for web3 gaming are:
Marketplace contracts: Enable trading of existing and new assets on-chain. Empower users to hold these assets in their own wallets and trade directly amongst themselves.
Factory Contracts: Enable minting and trading of perishable assets on-chain. This can include existing assets as well as newly conceptualized perishable assets. BUK template contracts allow game developers to create limited quantities of perishable assets, enhancing their scarcity and rarity. These contracts have in-built methods to control perishability attributes of assets. It also includes Oracles which can burn these assets after expiry of life, or based on certain predefined events in the gaming contracts.
Custom marketplace UX: BUK also provides a ready scaffolding to create new closed or open marketplace dApps which can operate within or outside the games’ universe.
Aggregated marketplace integrations: Using BUK template contracts, developers can seamlessly enable listing and trading of their in-game assets on other marketplaces like Karmaverse, Rarible or Blur. All trades across marketplaces will accrue trading royalties to the game developer.
Future development
BUK Protocol is committed to growing the feature base for dynamic assets within the web3 ecosystem. New features such as providing staking capabilities to perishable assets can further enhance the value of these assets - game developers building on the BUK protocol will be able to leverage these feature power-ups as they get released to the ecosystem. Some examples of expected future use-cases include:
Cross-Game Integration: Similar to perishable assets, perpetual assets can be tokenized for potential use across multiple games. This cross-game integration allows players to leverage their acquired assets in different gaming ecosystems.
In-game dynamics: Tokenization allows the integration of smart contracts, enabling automated and programmable interactions with assets. This could include features such as automatic upgrades, automatic annihilation, transfers, or conditional triggers based on in-game events.
Player-Driven Economies: Tokenized perpetual assets contribute to player-driven economies by allowing for decentralized trading and transactions. This empowers players to have greater control over their in-game assets and transactions.
Enhanced Security: Blockchain-based tokenization provides enhanced security for perpetual assets, reducing the risk of fraud, hacking, or unauthorized duplication. The decentralized nature of blockchain ensures the integrity of ownership records.
Integration with BUK Protocol sets the stage for adding complexity and game dynamics creating new avenues for enhancing gaming experiences.
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