2. Existing challenges and limitations of Web3 games

Introduction of blockchain technology has prompted a new paradigm within the game industry due to innovations such as proof of ownership, game asset composability, and transparency. However, considerable obstacles continue to impede mainstream adoption.

Previous generation of Web3 games typically require users to possess general knowledge of blockchain technology including wallets and gas fees. This becomes one of the largest hinderances when considering the global game sector. While there are 3.2 billion gamers in the world, only a fraction shows interest in engaging with this new technology. For the mass majority, a prerequisite of technical expertise or familiarization of new service concepts removes any potential appeal or incentive for participation. This is especially the case for gamers since the game industry by nature focuses on delivering a seamless user experience as one of their highest priorities.

Many early Web3 games adopted tokenomics where the issuance and supply are relatively excessive in order to drive short-term user growth. Such models were proven to be unsustainable and generates token devaluation through inflation which results in economic instability, effectively impeding the inflow of new users and further accelerates the lifecycle of the game.

The fundamental principle behind Olympian Games technical thesis is to acknowledge and understand these issues which remain as major impediments to the mainstream adoption of blockchain technology specific to the game industry, and to resolve them in order to build a healthier and sustainable metagame through pragmatic and technology-driven solutions.

The approach:

Olympian Games is a next-generation game ecosystem designed to address the fundamental challenges of existing Web3 games and deliver substantive value to both gamers and developers. Our approach emphasizes practical usability, technical efficiency, and the construction of a sustainable economy over abstract blockchain ideals.

Core focuses:

• Minimized barriers: Player Passport delivers an intuitive, Web2-friendly user experience without requiring gamers to understand technicalities behind how things work

• Developer-friendly design: Olympian Games Developer Kit (OGDK) enables seamless integration and scalability of Web3 features for non-native developers

• Sustainable economy: Quad-phased anti-inflationary supply structure governed through TWAP-based sequential SOX minting mechanism via Programmable Issuance Engine (PIM) validated using preset standards of Price Index for X (PIX)

• Selective on-chain activity: The POI (Proof Of Identity) system empowers gamers to convert their chosen game activity data into verifiable digital portfolios

• AI-based optimization: AI agents abstract blockchain complexity and enhance user experience

• Transparency: A real-time trust dashboard provides open, verifiable access to various key data.

Olympian Games seeks to abstract technological complexity from the overall user experience, whether from games or other relevant services, enabling them to simply enjoy the core benefits of this innovative technology such as, asset ownership, transparency, value recognition, and monetization of user actions, without being conscious of the underlying technology. For developers, OGDK will enable them to integrate blockchain features without requiring expertise in the Web3 stack.