February 21, 2022
Play-to-Earn (p2e) Games on Blockchain: How To Make a New NFT Game?
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Whether from a college, on many websites, or mainstream media, you’ve likely heard about NFTs. The immense popularity of this word has taken the world by storm, providing numerous opportunities for almost any person, regardless of experience with blockchain. Alongside those who want to gain revenue from working with NFTs, the rapid growth of this industry has been boosted by interest among investors and developers.
Although some people think that NFT and its games won’t stay for long out there, experts believe that NFT gaming is just getting started and will soon take a great place in the metaverse. For example, Axie Infinity, which is the most popular game, was released at a price of € 0.12, and today it would cost about € 125. At the same time, The MetaSoccer game had raised over $ 2 million in a round of funding even before release. Therefore, those who are going to dive deeper into this topic and make NFT games will reap numerous opportunities in the GameFi space.
While the hype around some NFT projects has already reached unimaginable heights, real-world cases are in their infancy. While there is a common belief that building an NFT game is a challenging process, it is not as difficult and complicated as you might think.
If you’re looking to learn practice-proven tips on making NFT games or get a proper answer to the “what are they and how do they benefit the business?” questions, our guide is here for you. We collected in-depth answers to all questions and will explain our tips on the development process. Let’s get started!
What is GameFi?
To put it simply, the GameFi definition is the combination of video games (Gaming) and decentralized finance (DeFi). The technology developers use for such video games is blockchain, allowing gamers to be the sole and protected owners of the virtual elements within the game.
In regular video games, the most popular model is “pay-to-win,” meaning a player has to pay a fee to gain benefits, including upgrading, reducing ads, and waiting time or purchasing new game items. Comparatively, GameFi provides the “play-to-earn” model. Here players can make money due to their knowledge or the time spent.
However, it is worth noting that in GameFi games, players need more than just luck to win. Since every game illustrates its own activities for success, users will need to check the rules. But in rough guidelines, users can benefit from chosen strategy and get the reward from their skills. These game through the following scenario:
As mentioned above, the ways of generating a rewarding change depend on the game. However, most GameFi products share the following characteristics:
1. NFTs – Non-Fungible Tokens
NFTs represent digital assets made using blockchain technology. In contrast to fungible tokens, NFTs are unique, owned, and protected.
Just like with traditional games, players can get their avatars, houses, and various tools for gaming used as an NFT. Therefore, users can use these resources to improve their digital assets and even exchange them for different cryptocurrencies, gaining an extra profit.
2. DeFi – Decentralized Finance
DeFi is a new form of finance that does not need a central financial party, like banks. They use smart contracts placed within blockchain technology.
For instance, some GameFi projects allow gambling. This gives players an opportunity to block some of their tokens to gain some interest.
See Our NFT & Blockchain Development Process
Download this file to see how we helped our NFT clients, how we can lead you to success and what process we use to achieve this
What are Blockchain Standards?
On each blockchain, there are several standards that you can consider as a template for the function you are going to use in the SmartContract. Each provides its unique functionalities and attributes that have to be applied during the creation of the NFT.
This is the most popular standard making every asset unique. Therefore, none of them can be destroyed or duplicated while also providing basic functionality to track and transfer them.
ERC 998 & ERC 1155
Although standards share similar characteristics to ERC721, they can work with both non-fungible and fungible tokens, therefore providing a unique set of assets. The advantage of these standards can be really valuable for game use cases, where the currency of the game and the items will be stored together.
P2E Game Meaning and How Do They Work?
Play to Earn (P2E) games are exactly what the name suggests. Users have to pay to play. The concept is straightforward but is now gaining popularity worldwide and is said to become a revolution. These games provide gamers an opportunity to collect cryptocurrencies and then allow them to sell NFTs on the market. Once users play these games on a regular basis, they are able to earn more tokens or other playing items to generate an income or sell them further.
In addition, some people started playing such games to either add extra to their monthly revenue or replace their irregular salaries. It is vital to understand that these games may also lead to certain risks. Some of them also require players to play in an initial investment, which is typically required for purchasing characters or items to play further.
Many developers have been quick at introducing play-to-earn projects. Investors also support these games as they see the immense potential in their future. They allow users to get access to the in-game tokens that also have a great value outside of the project. This became possible and so popular mainly due to cryptocurrencies, NFTs, as well as decentralized marketplaces.
More specifically, every step users make in P2E games can be rewarded. This involves taking on challenges, fighting with other players, helping solve issues, or creating new items and creatures. This is because all elements provided in the game are in the form of NFT. For example, in case a user wants to breed a new animal or wishes to update an avatar, they can easily mint a new asset and then sell or exchange it in the marketplace.
People love NFTs as they can be conveniently exchanged for digital assets, which can later be changed for real money. All transactions happening in the playing world work in the form of blockchain; thereby, the authenticity and ownership of the tokens can be verified. In addition, these games have much higher security, as they are built on blockchain.
How to Make Your Own NFT Game?
NFT game development is a great way to reap benefits from the new buzzword. The process is similar to developing other projects but has distinct features that have to be added. Let’s explore our step-by-step process:
Step 1: Concept
First and foremost, the first step in the process is defining the idea. Here you need to understand what game you would like to build. Try to perform an in-depth market analysis to find out your competitors and collect the best ideas into a well-thought-out concept. The most popular NFT games today are:
- Axie Infinity
- The Sandbox
Step 2: Design
Design thinking is human-centered and aims at ensuring that the developed solution meets a real user’s need. It is a great way to start your work and give the development team a better understanding of what the product is and how your users are going to interact with the service.
Step 3. Development
In this step, you will need to consider what platform to use, what tech stack you will need, and others. When building these products, one of the main questions that might come up is how you want your end-users to work with them. Would it be a web browser (called Web App),or is it better to go further with a mobile App?
Even though web apps are not as popular as mobile apps, they still provide high availability, can be accessed from all across the world, and are versatile, meaning customers can use desktops, phones, or tablets. Nevertheless, mobile apps can offer greater functionality and are considered faster compared to web apps with more costly development.
If you choose to create your own NFT game as a mobile app, you have another choice to make. If you want to reach a certain audience, you will need to build either for iOS or Android platforms. However, you can reach the highest audience by building for both platforms.
For the login features and user authentication, you can consider using a crypto wallet. They will later store digital assets in these wallets. Most of the crypto app development relies on the MetaMask wallet as it is the most popular option.
Step 4. Rigorous Testing
Since this product will work with NFTs and blockchain, you will need to hire experts in this field. Testing is essential, especially for these projects. Make sure your app is compliant with guidelines and special protocols, as it will affect the whole success.
Step 5: Deploy and Support
Once you are ready with everything we mentioned above, your team will need to launch the app on the marketplace or as a website. Invest enough resources and time in maintenance and support. You will need to collect user feedback and check whether something works improperly.
How Can We Help You With Developing Your Own NFT (P2E) Game?
Interexy is an experienced mobile and web development company that is always ready to take any idea and bring it to reality. We have been working with various NFT projects while also being experts in blockchain app development.
Regardless of the type of game you want and app complexity, we have a team of driven minds that have already worked with this industry. Alongside stable code and engaging design, this also guarantees compliance with strict guidelines required for a successful launch.
If you are still thinking or can’t wait for your idea to become a new game changer, consult our experts to discuss all further questions!
The game sphere is flourishing and is going to reach immense heights in upcoming years. Everyone from players to investors is now actively looking for new opportunities within this industry, as it gives a great chance to gain revenue. And if you want to enter the space in its infancy and reap benefits from not so many competitors, reach us out to realize your idea!
What Is a GameFi?
GameFi consists of two words: gaming and decentralized finance (DeFi). It is also sometimes called play-to-earn (P2E) games. GameFi transforms gaming concepts using blockchain technology, digital assets, and DeFi products.
What is Play-to-Earn (P2E) or NFT Games?
In-game assets become transferrable and tradeable outside the game when connected to blockchain networks. Any digital asset can be minted as a non-fungible token (NFT). In turn, this capability transforms blockchain games into play-to-earn (P2E) games.
How To Build My P2E (NFT) Game?
There are two ways you can build a P2E game: by hiring a full team or by creating a team on your own. However, the first option is usually less expensive and provides better results.