Unlocking the Potential of Virtual Pet Ownership - The Impact of Blockchain and Web3

Abstract

Virtual pet ownership has witnessed significant advancements with the emergence of blockchain and Web3 technology. This research paper delves into the transformative impact of integrating blockchain in virtual pet platforms, focusing on the case study of Meta-Pet. Through a comprehensive literature review and critical analysis of 17 relevant papers, this study examines the potential of decentralized technology in redefining ownership, care, and trading mechanisms for digital pets. The methodology involves a detailed exploration of the implementation process, followed by a thorough analysis of the implications and challenges associated with the adoption of blockchain and Web3 in the Meta-Pet platform. The findings underscore the enhanced user engagement and the potential for fostering trust and transparency in virtual pet communities. The research highlights the significance of this integration and provides insights into the future-prospects of blockchain and Web3 in the virtual pet landscape.