The Web3 gaming landscape is being molded by blockchain technology, and the popularity of these games is growing at an enormous pace. Gamers get the entertainment part while developers and entrepreneurs get to benefit themselves in their business. Games developed on blockchain provide credibility to the players apart from giving them an immersive experience.
Gamers can make blockchain games as an income source, as these games provide a play-to-earn model. P2E models can help gamers maintain a sustainable income stream. Supporting this claim is a statistic from 2022 that claimed the blockchain’s market to be 4.6 billion dollars. The blockchain business is expected to grow at a CAGR of 70.3 percent by 2027 and is speculated to cross 65 billion dollars.
Now you must be curious to find out the cost of developing a game on blockchain technology. In this blog, we will discuss Blockchain game app development cost and the various factors that affect it. However, before breaking down the development cost, it’s necessary to know the types, factors, and benefits of choosing the right development company that affects the actual price.
Factors Influencing Blockchain Game Development Costs
Many factors the cost of blockchain game development. From legal administration to the game environment, all factors play a significant role in the game’s formation. The determined cost might fluctuate as the project gets to new stages. Here are some factors that affect the cost:
Location
The Location of the game development agency plays an essential role that affects the cost. While hiring independent developers, they might charge based on an hourly basis, which fluctuates from region to region. When you hire developers from Europe or America, the rates for game development are high. On the contrary, Asia and Australia have relatively low rates. Not only this, but with the location comes the culture, time difference, and language differences that affect the developer’s work. So, you need to think twice before finalizing the location of the developer.
Game Design
The concept and design of the game significantly affect the cost. When you design the game, you should focus on mechanism, UI/UX, storyline, and genre. The more complex your game will be, the more it will increase the cost. In this situation, the team members also increase as experienced and skilled people are needed to design a complex game.
NFT Market
The NFT Market is incorporated to enable the players to trade with the assets. The cost of integrating the NFT market depends on the quantity and complexity of the NFTs. Moreover, factors such as the artwork and the information required for smart contracts can increase the cost.
Testing and understanding the game is a crucial factor to consider. Thorough testing is essential to prevent bugs. The more complex the game is, the more testing phases you will need. It will increase the cost, as you would require more people for testing. Blockchain games need accurate testing to give effective results. The integration of additional testing tools and the need for expertise increase the blockchain game creation cost.
Legal Compliance
Knowing everything about Blockchain is necessary. Legal compliances and regulations for asset and trading are essential points to consider. The KYC procedure, jurisdiction-related rules, and legal constitution the company needs to follow for mobile game development. It may incur charges for mobile game development companies.
Blockchain Game Development Cost Table
Let’s understand blockchain game development costs through a table.
If you want to build a blockchain game, you can leverage many benefits. All those are written further.
For trust and anti-fraud measures, transparency and immutability are essential.
Control and ownership of priceless digital assets via NFTs.
Interoperability enables cooperative and cross-game play.
Play-to-earn chances that offer player incentives with real-world value.
Players can influence game development through community governance.
Superior fraud prevention and security features in comparison to centralized systems.
Opportunities for developers to make more money through the sale and exchange of assets.
Increased retention and player involvement because of ownership incentives
Why is BR Softech the Best Company for Blockchain Game Development?
BR Softech is a prominent blockchain game development company known for its exceptional work in the domain, and with state-of-the-art technology. Therefore, hiring us is the best option available for you. By hiring our professionals, you can get end-to-end solutions; we have years of experience working on basic or complex blockchain games. Also, if you recruit a blockchain game app development company like us, focusing on marketing and other operations becomes hassle-free as we assist in all the stages of the game cycle.
We ensure to leave no mistakes when developing game apps with updated technologies like Blockchain or AI. Choose us to get;
In-house blockchain developers
History of developing high-quality blockchain games
Instant solution for all of our client’s queries
Collaborative work
Frequently Asked Questions
How long does it take to develop a Blockchain game?
Blockchain is an upcoming technology that is yet to be exposed fully. Hence, developing a full-cycle game devoid of any flaws might take you around 6 months to a year depending upon the complexity. If you want to integrate blockchain in a AAA game, it might take you half a decade to build the game.
How much does a game development design cost?
It mostly depends upon the game type and platform. For example, hyper-casual games do not require a complex design and cost significantly lower than AAA games. Therefore, the cost can vary from $5K to a million dollars.
How much is the Blockchain Gaming industry worth?
The worth of the Blockchain gaming industry exceeded $4.6 billion in 2022 and is poised to hit around $65.7 billion by the end of 2027.
What is the average cost of developing a blockchain game?
The average cost to develop a blockchain game is around 50 thousand dollars. Considering the basic game design, wallet integration, and other services related to blockchain.
What are the factors that influence blockchain game development cost?
Blockchain game development pricing is mainly affected by the game design, location of the developers, blockchain platform selection, wallet integration, and legal compliance.
I am Nitin Garg, founder of BR Softech PVT LTD - an award-winning mobile game development company known for its excellence in the gaming domain. We have a team of 180+ exceptional professionals & we have a satisfied clientele of 2.7k+ globally. Driven by an entrepreneurial spirit, I aim to elevate BR Softech to a billion-dollar company.