The gaming industry has expanded like never before.
According to Statista, the annual revenue from gaming will reach $268.8 billion by 2025.
A new decentralized gaming industry called GameFi, where online games and decentralized finance (Defi) mix, has been made possible by blockchain technology. The development of GameFi has fundamentally altered how and why we play games. The gaming industry has changed dramatically as a result of the advent of a new Play-to-earn model.
Play-to-earn NFT games are creating a lot of buzz around. Businesses can build their own custom Play-to-earn game like Axie Infinity and significantly impact the NFT-based gaming industry. The platform’s integration of various game assets and NFT collectibles promotes prospects for making money.
But what exactly are Play-to-earn games? And how to develop a successful P2E game? Let’s find out!
In this blog, you will find everything you need to know about P2E game development, like benefits, features, steps, monetization models, and a lot more.
So, without any further ado, let’s start with,
What are Play-to-earn games?
The new gaming paradigm based on Blockchain technology is called Play to Earn (P2E). Play-to-earn games—also known as P2E games or just crypto games—incorporate NFTs and cryptocurrencies into their gameplay.
P2E games let players earn money by completing missions, holding and trading in-game items like virtual land, skins, or weaponry, or enhancing the game’s environment.
The global market for play-to-earn NFT games is anticipated to grow from USD 755 million in 2021 to USD 3618.4 million by 2028, at a CAGR of 21.3 percent from 2022 to 2028.
How do the play-to-earn games work perfectly?
Blockchain technology is leveraged in play-to-earn games to support their ecosystem and, most importantly, to give players access to an in-game currency that has worth outside of the game. This is made feasible by cryptocurrencies, decentralized markets, and NFTs.
In-game digital assets’ ownership and authenticity can always be confirmed because the blockchain records every transaction. Additionally, the use of blockchain technology facilitates the transfer of in-game assets between various games and platforms, providing the user with limitless chances to monetize their collection.
Top must-have features to consider during P2E game development!
The most crucial NFT gaming platform features and functionality are those that have the power to boost your game’s market share.
Therefore, picking the appropriate functionality is essential. Here are a few features to bear in mind:
- Smart contract
- Ownership
- Micro-payments
- Fraud prevention
- Players management
- Real-time data handling
- Transparency
- In-game currency
How to develop a Play-to-earn game?
It’s easy to build a play-to-earn game. All you have to do is stick to a well-thought-out plan from start to finish. Let’s go over how to develop a play-to-earn game step by step.
#1. Start with ideation
This is the initial phase of developing play-to-earn games. Here, key elements, including NFT integration, game dynamics, and in-game features in accordance with user expectations are covered. Top NFT game development companies like Quytech assist you in identifying the tools and technology that contribute to the development of the greatest play-to-earn gaming platform.
#2. Hire a top NFT game development company
Hire the top NFT game developers with in-depth knowledge and experience in the sector to eliminate any ambiguity. The most crucial consideration is this. You must decide which Top NFT game development company is the best among the many available nowadays.
#3. Use best tech stack
Utilizing the newest technologies will help you create better games and provide users with richer experiences. For instance, VR is transforming the game industry. The tech stack can be used to create original Play-to-earn games. Discussing it with your custom game development company is all that is necessary.
NFT game development companies like Quytech, keep up with technological advancements. Additionally, they use them in every one of our products to create a special experience for investors and gamers.
#4. Configure the server
Setting up a server comes next after finishing the previous play phase to gain NFT game development. It is the most important step in the creation of video games since it makes sure that the data and assets used in the games are saved securely on protected servers. Additionally, with the appropriate tools, you can progressively gather a lot of knowledge to raise your game.
#5. Development & Testing
At this stage, the user interface is created based on the user specifications after analysis and planning. The gaming platform’s backend is then created to increase usability and responsiveness. After the game is created, the gaming platform is tested to ensure that there are no bugs and that there are no malfunctions while the game is being played. Testing at the alpha and beta levels is done to ensure the platform’s effectiveness.
What is the cost to develop a Play-to-earn game in 2022?
The cost of P2E game development varies according to the platform features you wish to incorporate and the technological stacks used. Apart there are many other factors that impacts P2E game development cost like:-
- Hired NFT game development company
- Platform used
- Game complexity
If you want an in-depth quotation of P2E game development, then it will be beneficial for you to contact a top NFT game development company like Quytech as they have the experts who can quote your project as per your requirements.
Why choose Quytech for P2E game development?
The leading developer of play-to-earn games, Quytech offers services with a focus on vision to design engaging and distinctive games. Our dedicated team of blockchain professionals strives hard to develop demonstrable results and ensure that your gaming platform stands out from the competition. Play-to-earn games are currently popular and appealing to a large number of online players. We design an innovative play-to-earn game with an immersive experience that caters to the user’s expectations. Our Play-to-earn game development services, which are created in accordance with the criteria, will boost your user’s gaming experience.
Our NFT game development team has exceptional skills and experience to customize NFT gaming apps to meet the needs of your industry.
- We create immersive nft games that give you the same level of engagement and excitement on multiple platforms.
- Our nft games allow players to reach their potential as content creators and not merely players.
- We value both fun and in-game economy, which means that players can earn money while immersing themselves in the game without compromise.
Conclusion
Gamers are the forerunners of the new Play-to-earn (P2E) world, proving blockchain technology’s practical application and driving the widespread acceptance of DeFi. Both gamers and crypto enthusiasts are drawn to the play-to-earn approach. P2E games have grown so well-liked and lucrative in the multibillion-dollar GameFi sector that they have compelled game makers to embrace the blockchain revolution.
