“Web3, Digital Property Rights and the NextGen Internet” describes how Web3 is changing the gaming industry by shifting power from platforms to players. This chapter explores how blockchain technology is enabling the formation of new gaming business models built around ownership, transparency, and decentralization. Readers will be introduced to Play-to-Earn (P2E) and Play-and-Own frameworks, where players are rewarded with real value for their time, skill, and creativity. The chapter also explains the role of Non-Fungible Tokens (NFTs) in establishing digital property rights and how Decentralized Autonomous Organizations (DAOs) allow communities to govern and co-create game worlds. It explains how through smart contracts and token economies, players can now become stakeholders, own in-game assets, influence development, and participate in revenue streams. With case studies and real-world examples, this chapter reveals how Web3 is not just reshaping games but transforming players into digital entrepreneurs in a rapidly growing participatory economy.