The gaming industry is experiencing massive growth. According to recent reports, the games market will continue to grow and by the end of 2023, it will exceed $200 billion. Similar patterns are being witnessed in NFT gaming development too. Models like play-to-earn are opening new opportunities for the blockchain gaming market. Recently, Axie Infinity, the non-fungible token-based game touched an all-time high sale of $1 billion.
Crypto gaming and NFT gaming are two terms that are often used interchangeably but there is a substantial difference between the two. While crypto gaming is focused on using crypto coins to transact with other players, NFT gaming development is more focused on using native tokens to generate or collect NFTs. The NFT gaming platform also provides access to NFT markets where these unique NFTs can be easily traded or sold.
However, to make a successful NFT gaming platform, the following points must be considered.
Based on the game theme, the token and game economics for the NFT games need to be determined. A tokenomics model must be designed to use NFTs to complement the gameplay. To state an example, in an NFT-powered game, it is important to design multiple opportunities for players to win and collect tokens and NFTs. An additional advantage would be to allow users to stake their NFTs and get rewarded in tokens.
In 2021 NFT game development, DAO has become a trendy word. DAO means Decentralized Autonomous Organization. Most of the upcoming NFT games have DAO planned in their roadmap. That’s because a DAO helps players get involved in the decision-making of the future of the game. They could participate in simple tasks like a vote on the allocation of NFT sales to any charities or vote on the introduction of new features or designs and later on, as the community matures, they can also help make decisions about the game-play and game development.
The Gaming industry is driven by trends and NFTs are trending right now. The use of NFTs across different games like having a metaverse and convergence of NFTs with virtual reality has really taken the center stage.
Many NFT-based games are allowing gamers to use tokens to farm new rare NFTs. For example, the token holders who stake their token are being rewarded with special cards, decks, or chests. These NFT items could have two types of rarity then – visual rarity or game-play rarity. Speaking of that, the visual rarity NFTs when farmed will include items like a background, a card frame, or more. On the other hand, a game-play rarity-based NFT item would be a weapon that could provide players with an advantage over the rest of the players.
The Play-to-earn model is nothing new to the gaming industry. However, blockchain has made it fairer and NFTs have made it more lucrative. By playing blockchain-powered games, gamers get fair rewards; can participate in the decision-making of the game development; and can earn or farm NFTs which can be used across games.
The statistics have been speaking louder than forecast. With the recent phenomenal success of Axie Infinity, it has become evident that the NFT gaming development trend is here to stay. As gamers are always seeking diversity, new experiences, and are eager to make money while playing the games, it creates a wonderful business model. In the coming years, an explosion in the NFT gaming industry is expected.
If you have a brilliant idea, connect with Antier Solutions’ blockchain development experts. We pour in years of development expertise to put your idea into implementation and launch a world-class NFT gaming platform.
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