The QWAN Foundation is launching its QWAN token on May 31, with the decentralized asset poised to list on multiple exchanges. The debut of the token is merely the first milestone in an ambitious roadmap. QWAN has aspirations of becoming a universal gaming token for web3 – and it’s already got some major players aligned with this vision.



The Case for Web3 Gaming



To understand the need for a token such as QWAN, it is necessary to consider the differences between conventional and blockchain gaming.



With traditional gaming, game assets, currencies, and progress are stored on servers controlled by game developers. This limits players’ control over their in-game assets and the overall gaming experience. However, with web3 gaming, blockchain technology enables the creation of decentralized applications that provide a more immersive and player-centric experience.



In web3 games, players can truly own their in-game assets as NFTs, giving them the freedom to buy, sell, and trade these assets on various blockchain marketplaces. Fungible utility tokens, meanwhile, can be used within a vibrant circular economy that supports different player types. This, essentially, is the appeal of web3 gaming. But for it to achieve its true potential, the tokenization component needs to be carefully optimized.



The first wave of web3 games, many of which flew under the Play-to-Earn banner, proved to be flawed due to token models that were unsustainable. This resulted in a massive loss of players once the initial rewards were tapered off. There were also accusations that the games themselves were being farmed rather than played, with early adopters claiming the lion’s share of the spoils.



The industry has since largely disavowed the Play-to-Earn model in favor of gentler emissions curves and tokenomics that provide an added incentive to play rather than being the primary purpose. Within this new framework, QWAN arrives at a time when developers are seeking to integrate tokens into their games in a manner that is value-accretive. While QWAN is designed for this express purpose, it’s not the only use case that’s been dreamed up for the multi-purpose token.



Bang Provides an Early Use Case for QWAN



The first major partner to make use of QWAN is not a web3 games developer but rather a gaming platform. Banger has revealed it will integrate the token into its gaming platform and marketplace, with the company’s CEO, Borja Villalobos, explaining: “We are thrilled for Banger to integrate QWAN as its key gaming token and offer our gamers the opportunity to enhance their gaming experience. With QWAN, our offering becomes very unique in the market and allows us to provide gamers with an experience that can’t be found elsewhere.”



Following the token listing on exchanges that include MEXC, AscendEX, and BTSE, the gaming public will have a chance to get their hands on an asset designed to disrupt their entire industry. Blockchain gaming is expected to be a $1 trillion market by 2032 , with 68% CAGR. The incentives for fostering a game token that can meet the needs of a tranche of this market are high. Banger may be the first major player to integrate QWAN, but it certainly won’t be the last.