One of the earliest practical applications of blockchain technology is gaming. In addition to revitalizing the gaming sector, this technology has the potential to promote widespread blockchain usage.
With more and more skill and money flowing into the cryptocurrency game industry, this is a great market with lots of untapped potential. This is the ideal location for you to join this new movement, then.
We’ll go through how to launch your own blockchain-integrated game in this article.
A Blockchain Game: What Is It?
Future lifestyle, digital technology, cyber world, virtual reality, digital avatar in the metaverse, and metaverse presence. Playing the AR augmented reality NFT game with neon blur lines is a woman wearing VR glasses.
In a nutshell, blockchain game development services are an upgraded version of modern internet gaming. Crypto Kitties was the first well-known blockchain game, and it was released in 2017.
The mechanisms of these games incorporate varying degrees of decentralization. These games provide players true ownership and total control over in-play digital things they own by utilizing smart contracts and open, permissionless, transparent blockchain technology. After being acquired in the game, the items can be exchanged or sold for real money.
The benefits of blockchain gaming also include improved security, user-friendliness, asset distribution transparency, and efficient data encryption.
At the moment, blockchain games have player-focused economies, decentralized trading, non-fungible tokens (NFTs), and actual digital ownership.
The Need Of Building Of Blockchain Games
From 2020 to 2025, the gaming market is expected to grow at a compound annual growth rate (CAGR) of 12.40%. The use of blockchain technology in gaming apps is one reason for this $125.65 billion increase.
In 2020, the COVID-19 pandemic shutdown and the expansion of the cryptocurrency and NFT markets contributed to the emergence of blockchain gaming.
During this time, this developing market sector expanded by 35%, producing slightly under 24 billion in revenue in 2021. By 2026, experts estimate that this rapid expansion will have continued and reached over 33 billion. The fact that a number of AAA companies are either actively exploring blockchain gaming or have already included NFT purchases into their titles indicates the expanding nature of this genre.
In terms of investments, the blockchain gaming industry is reporting that it has raised $10.5 billion so far in 2022, compared to $4 billion in 2021. Fantastic! Correct?
Given the market’s rising trend, blockchain gaming presents several growth potentials for all stakeholders, including investors, gamers, and developers, which is why this emerging industry is attracting so much attention. The subject at hand is: How can one create a blockchain game?
Building A Blockchain Game
To begin with, you would require a capable group of game developers who understand how to create a high-caliber blockchain game. Your team will also require UI/UX designers, Android and iOS developers, quality assurance personnel, testers, and marketing experts in addition to front-end and back-end developers.
Which Blockchain Is Best?
Selecting the appropriate blockchain is one of the most important components of creating a crypto game, in addition to having a talented crew. A number of blockchains have joined the market in the last few years, creating a multi-chain environment. The cryptocurrency community is currently working on composability and interoperability, which will enable assets and data to move effortlessly from one blockchain to another.
There are a number of alluring choices, each with advantages and disadvantages. For instance, the majority of DeFi, NFT, and GameFi projects are now operating on Ethereum, the most widely used blockchain. There is no question that Ethereum will beat all other available options if we simply see its positive aspects. But blockchain game makers need to be aware of several drawbacks with Ethereum.
As an example, Ethereum boasts the largest ecosystem and the highest adoption rate, yet it suffers from scalability issues, limited transaction throughput, and expensive fees. That’s why Ethereum became unusable in 2017 due to the popularity of CryptoKitties.
It’s interesting to note that Layer 1s, like Polygon and Solana, are starting to show up as quicker and less expensive alternatives. With the promise of greater throughput, Layer 2s like Arbitrum and Optimism have also joined the market. Recently, the market has also been discussing the idea of Layer 3. Thus, pick your blockchain carefully.
Get Your API To Gain On-Chain Access
To connect to a blockchain, you must first build a network node. The decentralization of the blockchain network is directly aided by each new node. Deploying a node is more difficult now than it was in the early days of cryptocurrency. Before the node is ready, it must be installed, tested, and meet the minimal hardware requirements.
Developers, however, are exempt from all of that. Rather than building, testing, maintaining, or operating a node themselves, they can leverage access node providers to support new blockchain assets or receive on-chain data.
Consider Your Gaming Economics
The economics of the game induces a tidal wave of economic activity, both within and beyond the game. The game developers must exercise extreme caution and specific attention to the complex economy seen in blockchain games.
Developers may create tokens or NFTs in less than an hour thanks to blockchain technology, granting consumers property rights and enabling them to easily move their characters and goods from the games onto third-party marketplaces for a nominal fee.
In this sense, blockchain has transformed the conventional gaming industry. At the moment, the most well-liked idea in the blockchain gaming industry is Play-to-Earn, or P2E. Everyone is able to earn in-game cryptocurrency, or NFTs, while playing games under the most recent gaming paradigm. In certain games, players can also lock up their cryptocurrency or NFTs to earn incentives.
For example, Axie Infinity is the most played blockchain game and the third-highest-earning cryptocurrency project, with over $1.2 billion in income generated in the last year. Players can obtain SLP cryptocurrency through the game by gathering, reproducing, fighting, and trading the Axies that are the subject of the game. Axie Infinity Shards (AXS), its native governance token, can also be staked.
An Entire Community Supported
Many communities have emerged around ideas and emerging technology in the modern era. In cryptocurrency, a project’s community can make or break it. After all, ardent backers are essential to a project’s survival and growth.
A robust cryptocurrency community is made up of devoted participants who help the ecosystem and one another. They are committed to getting the word out, advancing the community, and supporting the project’s success. They also share a shared aim and offer input. A project is unlikely to succeed if the community does not support it strongly.
The game can be released to the general public after it has been developed with a special emphasis on game economics, carefully tested over multiple iterations, and developed a strong community of supporters.
Although creating a blockchain game can sound difficult, it doesn’t have to be. The growing popularity of blockchain gaming is drawing a lot of talent, capital, and resources to create compelling and potent cryptocurrency games.
It is quickly rising to the top of the game app development niches due to the industry’s excitement and technological advancements, so be sure you’re prepared to take advantage of this multi-billion dollar opportunity.