Ever since the advent of cryptocurrencies, blockchain technology has increased in popularity. From DApps to DAOs and NFTs; blockchain technology has significantly impacted a wide range of industries and keeps up with many use cases. This surge has brought blockchain to game development processes. For instance, metaverse and crypto platforms are built on the concept of blockchain networks, promoting acute decentralization and transparency.
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Blockchain, a decentralized technology, is mainly responsible for recording all sorts of transactions across computers. There is no single authority in this system, like prior banking methods where your transactions can be tampered with. Blockchain works by combining multiple blocks in a chain, each block gets combined post any transaction, and nothing can manipulate the blocks once they are added to the chain.
The most prominent feature of blockchain lies in its transparency. Every transaction done through blockchain is used by cryptographic techniques and is visible to the participants.
The use of blockchain has become widespread and has become an integral part of the health industry, where it is used to track records of patients. In voting systems, it is used to track all the votes and save the elections from fraudulent activities.
Blockchain is used in video games to include elements like cryptocurrencies and non-fungible tokens, allowing users to buy, sell, exchange, and trade in-game assets and elements in a free-flow manner.
These types of games are also known as play-to-earn games, allowing users to earn cryptocurrencies through their gameplay. They are built on decentralization and transparency, providing users and creators with a chance to make a fairer and more authentic relationship.
This technology helps users to leverage their in-game assets, which they can also sell online and exchange in their currency.
Blockchain has brought a massive change to the gaming landscape with players having more control over their assets. It has forced the gaming industry to introduce fresh gaming models like play-to-earn.
P2E Games or play-to-earn games allow users to earn huge amounts of money just by playing a wide range of games. These types of games don’t only offer enhanced gameplay but also satisfying experiences.
Blockchain game development has allowed the formation of high-end NFT games, demonstrating unique non-fungible tokens that can be traded or exchanged within the platform.
In terms of total revenue, the global blockchain game market was estimated at a value of $4.6 billion in the year 2022 and is projected to rise to $65.7 billion by 2027, which showcases a compound annual growth rate of 70.3%.
With advancements in gaming, like assets being purchased and sold inside open-world games, cryptocurrency has also left its footprints in the scenario. Players do not need to spend or add money to their game accounts anymore to purchase in-game assets like skins, and characters among other things. You can purchase in-game assets and trade them by using popular cryptocurrencies like Bitcoin, and Ethereum.
Games adapting play-to-earn models also distribute cryptocurrencies to their players. You get cryptocurrencies, or you win cryptocurrency is the better way to say, after completing tasks like conquering battles and achieving milestones.
A lot of games use blockchain technology to record the selling and purchasing of in-game assets. Card games or games that involve the deposit and withdrawal of funds, take the help of blockchain technology to incorporate payment methods involving cryptocurrency.
Listed below are some of the types of games that involve blockchain technology.
Blockchain game development services are needed to produce high-end NFT games, demonstrating unique non-fungible tokens that can be traded or exchanged within the platform.
With a 3D gaming environment, players get a chance to create their digital avatars and move around the ecosystem. Metaverse games like Roblox, The Sandbox, and Sorare offer a plethora of in-game assets to buy, and that’s where blockchain technology comes in.
These types of games are also built under the guidelines of the blockchain network, augmenting the overall features, and functionalities of the games. These types of casino games include poker, baccarat, blackjack, roulette, rummy, teen patti, etc.
Move to Earn games offer users a chance to earn exciting rewards just by doing physical activities or exercises. They can enhance their health and earn real money simultaneously.
Related: Importance of Sound Design in Games
Blockchain game development is not an overnight task and requires the collective effort of a full team of developers, designers, and programmers. BR Softech follows an agile and well-thought-out game development process that enables the creation of cutting-edge crypto game websites.
The first and foremost step is to come up with a unique game idea and a careful understanding of the vision of your concept. It is essential to figure out the limitations and strengths of the project and identify the tools and technologies required for undertaking the venture. Make sure to also conduct a thorough market analysis and figure out the strengths and weaknesses of your competitors so you can develop a product that provides a competitive edge in the game market.
The next step is to build a team according to your requirements. Developing blockchain games requires the extensive effort of a Blockchain development agency. According to your project requirements, you can hire dedicated designers and Blockchain game developers who will help facilitate the game development process.
However, you can also hire a Blockchain Game Development Company outside the USA and outsource your project. Crypto gaming companies will take care of the development aspect so you can focus your energies on other important aspects like marketing, promotion, and game deployment.
Once the concept and team are finalized, it is time to initiate the design process. The game designers start the creation of the story, characters, plot, themes, graphics, and other essential aspects that transform your game concept into a fully functioning game app. Game designing is an essential part of the development process as it determines the appeal and aesthetics of the video game which are essential in capturing the user’s interest.
There are a variety of blockchain platforms available on which you can build your game. Based on your requirements, you can select the blockchain that is most suited to you. Popular blockchains include Ethereum, Binance, Solana, TRON, Polygon, etc. We suggest the Ethereum blockchain as it is one of the most popular and most crypto games that leverage the Ethereum platform.
Smart Contracts are programs stored on a blockchain that run when certain predetermined conditions are met. They are used to automate the processes on the blockchain platform. Likewise, all payments and transactions on crypto games to earn money are automated by smart contracts. Develop and deploy smart contracts as per your game requirements to automate certain essential processes in your blockchain video game.
The next and one of the most important aspects of developing Blockchain games is to conduct thorough testing and quality analysis. Testing is done to refine your product and remove all the bugs and glitches that might have been left while developing the game. It is necessary to ensure proper testing as nobody would like to engage with a game that is filled with bugs and glitches and that could be detrimental to your business. Ensure proper testing and quality analysis to have a polished and refined product for deployment.
After the testing phase is completed, it is time to deploy your final product into the market and provide post-deployment assistance to consumers. Make sure to hire a dedicated customer service team that is attentive and quick to address and resolve users’ queries. Also, it is important to provide regular updates to incorporate the latest features into your video game and fix any potential bugs or glitches.
To know the detailed Game Development Process you can check out this blog: Detailed Game Development Process
Entrepreneurs are benefitting from blockchain technology in gaming due to its strict frameworks in transactions, along with some other reasons.
By staking NFTs and play-to-earn models, businessmen opened a completely new revenue stream from the players. With ease of payment through cryptocurrencies, players tend to spend more on assests eventually growing the revenue of businesses.
Transactions done through blockchain are 100 percent secure and eliminates fraudulent activities by scammers. Hence, the blockchain technology ensures maximum security and is completely safe for both entrepreneurs and players.
There are multiple advantages of developing your online game by leveraging the blockchain technology. We will discuss the same in this section of the blog.
Users expect increased rewards and high safety standards when it comes to playing online games. And fortunately, blockchain games provide a one-stop solution to all the expectations and requirements of the users. Therefore, investing in blockchain game development services can help you reach millions of users while generating a high level of conversions and ROI.
Blockchain games allow users to make secure and transparent transactions without any errors or data breaches. Since blockchain technology is built on the concept of decentralization and immutability, users get a chance to secure payments and withdrawals in the most convenient and safe manner.
A lot of sports entrepreneurs today integrate multiple monetization strategies like in-game purchases, in-app advertisement, brand collaborations, subscriptions, etc to earn additional revenue from the platform. Therefore you can earn huge ROI from blockchain NFT game development and such monetization tactics.
Though blockchain technology brings in a lot of good change in game development, there are a few challenges in developing a game using this technology.
Blockchain technology runs on a complex framework. Hence, building a game using this technology is not a cup of tea. Agencies charge a hefty amount to build games that incorporate blockchain technology.
Players who are well-versed in concepts like blockchain technology and cryptocurrencies can adopt this change in the gaming industry. However, certain players struggle in understanding the way wallets and NFTs work, making it hard for them to adopt the game.
Cryptocurrencies are highly unstable, meaning the value of your assets will inflate and deflate according to the market. Hence, players might hesitate in investing big on the platform.
Blockchain is a fresh technology in the current era of Web 3.0. Game developers or blockchain game companies are leveraging this technology to ace the market. Games have always been about entertainment, but blockchain technology introduced safe and secure gameplay experiences by adding extra layers of confidentiality and transparency within the gaming platforms.
If you are fascinated by the unique and lucrative combination of blockchain and gaming industry, hire BR Softech to get high-end and top-performance blockchain game development services.
On average, Blockchain Game Development Cost ranges from $25k to $30k. However, the cost may shoot up to $40k and even more depending on the complexity of the features, graphics, advancement of tech stack and project specifications.
It takes around 2 to 3 months to develop a blockchain game online. However, the duration may go up depending on the type, complexity and feature of blockchain games online.
The major benefits of blockchain game tokens include high ROI, increased engagement, retention and safe and secure transactions.
