Founder of iDos Games on his own blockchain and the advantages of Web3

About Us

Our company specializes in developing blockchain games and applications. Additionally, we have developed our own blockchain, and all our projects are built on this proprietary blockchain. Our blockchain is a second-layer blockchain built on top of Ethereum. It is an EVM-compatible blockchain.

We are launching our blockchain on Testnet. We have a tool called iDos Games SDK, which simplifies the development of blockchain games and blockchain projects. Previously, creating a blockchain game or application required a team of five to seven people, but with our tool, this task can be accomplished by a single person. Moreover, development time is reduced to just a few days.

About the Web3 Concept

The Web3 concept is a well-structured product. When talking about a Web3 game or application, users receive monetary rewards from interacting with and monetizing the project. For example, in a Web2 game, the company that developed the game primarily earns the revenue.

The Web3 concept provides a win-win strategy. This means that the company developing the game, the users playing it, and the content creators producing content for the game all benefit. Everyone wins. This results in a concept of decentralized income and value distribution generated by a specific game or application.

Main Advantages of Web3

For users, Web3 emerged as a solution to distrust in the banking system following the global crisis of 2008. Due to this distrust, Bitcoin was created in 2009, stating: "We are transparent, decentralized, and operate as they should."

Any system involving human factors is always unreliable. Decentralized cryptocurrencies like Bitcoin do not depend on human intervention. All logic and rules governing the transfer of value from user to user are embedded in the software code and executed automatically. This is the main difference between Web3 and fiat money, as well as the traditional banking system. In Web3, the human factor is eliminated.

Where the Web3 Concept Can Be Applied

The Web3 concept can be applied in any field involving money, which covers almost 100% of existing businesses. For example, let's consider a traditional business involved in reselling sneakers. They could create a gamified application where people can either play games or exchange virtual sneakers. They could have their own token, for instance. This token could be used to purchase sneakers or receive certain discounts. Here, value flows in two directions rather than one.

Projects that successfully utilize this concept include the Ethereum Foundation and Tether. The Ethereum Foundation created the Ethereum blockchain, while Tether issued a stablecoin pegged to the dollar. Tether's market capitalization already exceeds $100 billion. These are among the best examples of successful application of the Web3 idea.

Recommendations for Those Who Want to Develop in This Field

First of all, you need to immerse yourself in and study the basics, the entire architecture, and how everything works. Then, you can move up to the next level and understand more deeply how this technology functions. For example, if you want to create your own blockchain project or game, you can use our SDK. We will soon release it as an open-source product. Anyone can use it for free to create a product on our blockchain.