Budding entrepreneurs have been growing day by day to make a revolution in the tech world. Nowadays a lot of emerging technologies are ruling the world. Cryptocurrencies, Non-Fungible Tokens, Metaverse, and blockchain are the most trendy words in recent days. Non-Fungible Tokens(NFTs) have gained tremendous prominence in the last three years.
NFTs are digital assets that represent the ownership of unique items such as images, audio, video, GIFs, and more. The gaming sector is also one of the inevitable things each time. In this blog, we will see how NFTs are dominating the gaming industry.
What is meant by NFT Gaming?
NFTs in the gaming sector mean each gaming asset like skins, avatars, and weapons are converted into unique tokens. You can buy, sell and bid on those gaming assets within the NFT Marketplace. NFTs are creating an impact on the gaming sector and introducing new ways for players to own and trade unique gaming assets. Let us see the major two ways of NFT Gaming
Example-1
Play-to-earn Game Development
Players can earn rewards or real world money while playing games. Some popular play-to-earn(P2E) games are, Axie Infinity, The Sandbox, Splinterland and Gods Unchained.
Example-2
Move-to-learn Game Development
Players can earn rewards while doing some physical exercise activities like walking, running, pushups, and more. These physical tasks are simply calculated in mobile applications and converted into rewards or real-world money. Some popular move-to-earn games are STEPN, GenoPets and Walken.
These are the major ways to earn rewards while playing. Apart from these, a lot of gaming companies have been trying to introduce new gaming concepts.
Check out to know more about Play to earn game development & Move to earn game development
Play to earn game development company
Move to earn game development company
Let us see other unique features of NFT Gaming.
Top-notch features of NFT Game development
Transparency
NFTs enable transparency of gaming assets. It will confirm the players could oversee transactions of gaming assets, which are stored in blockchain.
Ownership
NFT gives true ownership and provenance to gamers of their gaming assets. It also tracks the history of gaming assets.
Verified transactions
It ensures the verified transaction and allows only the verified users to play the games. You can be confident that your gaming transactions are secure and reputable when they are validated.
Rarity
As we know, each NFTs is unique, and such differentiated attributes are rare. This is one of the major reasons for its popularity and growth.
Liquidity
It will refer to digital assets that can be easily converted to fiat currency without latency.
Marketplace integration
The marketplace is a platform where players can buy, sell and trade their gaming assets. It also allows players to monetize their gaming assets and build virtual economies within games.
Major Steps should be considered before initiating NFT Gaming
Know your audience
This is the very first and major factor of any kind of business. Before starting your business you should identify your target audience and their thoughts. It will help to build an active community for your business.
Concept and designing
Before initiating any gaming concept, it is important to design the gaming concept. You should gather each requirement that relates to your project.
Choose the blockchain
Choosing the relevant blockchain is also a prime factor while game development. It will impact the scalability and security of your platform.
Development
Once done with the gaming concept and pick the blockchain, the very next step is a development process. At this phase, you should choose the front end, back end, and other technical stacks along with blockchain.
Testing
After the development process is complete, the next phase is the testing process. In this stage, your game will be tested from different perspectives like different devices, resolutions, Operating Systems, Smartphones, etc.
Deploying
After fixing bugs, technical breaches, and security issues then the software will be ready to deploy.
Community building
After successfully deploying your software you should actively concentrate to build your community. You should collect feedback and reviews from players and overcome breaches and bugs.
Update & Maintenance
Building the game is not a one-time process. You should check and analyze the gaming stats and update the security patches at regular intervals. It will create high credibility and make a healthy community.
Popular NFT Games in 2023
- Axie Infinity
- CryptoKitties
- Gods Unchained
- Decentraland
- Mega CryptoPolis
- Alien Worlds
- The Sandbox
- Splinterlands
- League Of Kingdoms
- My Cryptoheros
How to pick the best NFT Game Development Company?
I hope you got some basic knowledge about NFT Gaming Development. Before initiating your NFT Gaming business you should choose the right NFT Game Development Company according to your business. Research a few things before picking the right company.
- Ratings and Reviews
- Portfolio
- Years of experience in the gaming industry
- Popularity in the market
- Cost of Development
So pick the finest NFT game development company for your project, which will make you a billionaire in upcoming years.