Web3Games.com
Crypto Overview
Purpose and Utility
Web3Games.com aims to be a decentralized gaming platform that enables the development and deployment of blockchain games. The WGT token serves as the platform's native utility token for governance, staking, and in-game transactions.
Business Model Assessment
The platform focuses on creating a gaming ecosystem where developers can build and launch blockchain games while players can participate in various gaming activities. The business model appears to involve legitimate asset exchange and value creation through gaming infrastructure development.
Real-World Adoption
Current adoption appears to be in early stages, with limited active games and users on the platform. However, this is not inherently problematic from a Shariah compliance perspective.
Platform Development
The project shows ongoing development activity, with regular updates to their gaming infrastructure and SDK tools. The technical foundation appears focused on creating actual utility through gaming applications.
Token Distribution and Governance
The WGT token distribution includes allocations for development, ecosystem growth, and community incentives. While detailed vesting schedules are not readily available, the token serves clear utility purposes within the ecosystem.
Technology Assessment
The platform's technology stack focuses on gaming infrastructure development, which is inherently halal as it involves the creation and exchange of digital assets with clear utility.
Crypto Impact
To assign a comfort level investing in Web3Games.com from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Web3Games.com.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.