Composability isn’t new in conventional gaming. We’ve heard terms like “mods,” which are modifications of existing games, an approach that often involves composability. Moreover, composability as a concept also exists outside the actual games.
It extends to the activity surrounding the game, like competitions, content creation, merchandise, and other community-driven events. So when you combine gaming and finance on decentralized networks, there are plenty of new ways to break down the barriers between these different facets of gaming.
Additionally, decentralized finance can revolutionize gaming economies, whether you’re participating as a creator, player, investor or enthusiast. However, this is easier achieved when building your GameFi project on a protocol with blockchain composability, such as SparqNet.
Avatars, In-Game Characters and Items
When you zero in on gameplay, in-game items present an excellent opportunity to apply modularity. Players want the best costumes and weapons for their characters, the best upgrades like nitrous to make their cars go faster, or even shiny rims, spoilers, wings, and a lot more.
Developers who gravitate toward blockchains with far-reaching composability can create these elements as reusable packs. Consequently, they don’t have to start afresh but can instead focus on other creative aspects like game storylines and missions and develop faster.
In addition, composability allows you to introduce new modification techniques into your game. On the back end, a developer can focus on finding reusable code that makes their game compatible with items that players import. But further down the road, some players may want more rarity instead of everyone having the same weapon and powers and therefore being equally matched.
Here’s how composability answers this. Some NFT projects enable you to lock up your virtual world character and watch it accrue stronger and more unique traits, making them more valuable. So while two players may buy the same NFT sword, one may enhance that sword to have more power in a fight.
This kind of function can be reused, with some developers changing a few things, like the actual lock-up time required, the fees involved, and the enhancements the owner gains. So, in essence, you’re offering the same capabilities in other games but with an added twist.
Additionally, your GameFi project could gain more users simply because they can transfer assets they collected from other games to yours and use them in new ways. Composability also simplifies the creation of team approaches to gaming. The easier it is for players to converge in your game world, the faster you can work on features that involve player collaboration.
Composability also helps bring more liquidity into the marketplaces where game items are traded since collectors and players can buy using tokens from various chains. This is in stark contrast to traditional console games where users seeking items, upgrades or subscriptions are often limited to a few payment methods like bank cards and one widely used online wallet.
The finance aspect also extends to borrowing against your in-game collectibles to get currency points you can use within the game’s ecosystem or those that work outside it. In fact, some open-source lending/borrowing dApps are secure, audited and ready for use.
Evidently, these are aligned with the discoverability aspect of blockchain composability, making it easy for developers to find and repurpose their code in gaming ecosystems. This would reduce the number of moves an asset has to make before it’s in an environment where you can apply a specific function to it.
Also, many dApps’ components are autonomous, so even if someone compromises their original chain or if there’s an issue with another part of your game, these parts can remain running and be quickly patched where necessary.
Competition Models
One thing that’s made conventional console and PC gaming more exciting is the wave of people organizing tournaments and competitions based on specific games. But while these contests are fun and bring communities together, they could be improved.
Firstly, there are considerable administrative costs, so not everyone can organize tournaments or play in them. Many aspiring participants need massive sponsorship. Additionally, most of this money leans toward the most popular games (a few sports), and the tournaments are often structured according to the preferences of a small group of people.
Luckily, these are some of the issues that blockchain composability can solve. For starters, you can bring a DAO toolset into your GameFi project and create a user-friendly front-end, then combine it with social features like chat rooms and notifications. Here, any player can suggest a type of tournament and brainstorm with others on how to make it unique.
For example, they can make a theme for muscle cars only, off-road or vintage (whichever they like). Then, they can create different knockout stages, including drag races, oval track races, street races and more. They can also determine the entry fee and rewards for making it past a specific stage. Remember, all this is done democratically through DAO voting.
They can even mint NFTs as awards that will be recognized the same way trophies, medals, and rings are, possibly used for accessing exclusive clubs. It all depends on how the people involved want to compete. Evidently, blockchain composability can help blur the lines between creators and players as code pieces serving distinct complex purposes are repackaged behind low- to no-code front ends.
This ensures that the best ideas aren’t confined due to a lack of technical expertise or funds, and development is more driven by communities rather than siloed corporations.
Content Creation
Gaming content creation is another avenue that can benefit both creators and players since it markets the gaming project and enables players to monetize their gameplay time further. The play-to-earn model has already paid plenty of gamers, but keeping the rewards enticing is pretty challenging.
With content creation, people can earn when others watch their tutorials and gain valuable tips on how to win. Keep in mind that wins in GameFi usually come with monetary-equivalent rewards, so newcomers are more likely to pay to learn if learning means earning eventually.
And then there’s also live-streaming your gameplay for entertainment purposes. Outside the blockchain world, people often have to set up separate accounts on streaming and on-demand platforms, work on SEO and other visibility tactics and surrender a sizable portion of ad revenue to the platform’s administrators and owners.
On the contrary, blockchain composability can help bring each of these assets much closer. Within a GameFi project’s gaming world, you can add already prepared code for video streaming and then work on a feature that connects a live gameplay feed to the streaming platform. That way, even someone already in the middle of a mission can tap one button and start streaming to many people.
And, you can repurpose NFT marketplace code to create platforms where players list videos of themselves making rare achievements within a game.
How SparqNet’s composability augments GameFi projects
Firstly, SparqNet’s composability lets you target any EVM chain when building, which means your GameFi application’s components don’t need significant modification to interact smoothly with other EVM assets.
Secondly, SparqNet is offered as a meta-network, which makes it ideal for a typical feature-rich GameFi project. For example, your gaming world may have a text chat feature, but this part may demand less computational resources than the in-game motion graphics.
Therefore, you can opt to deploy these two parts on different base layers, and as long as those layers are EVM-compatible, each piece will run successfully. Additionally, say one player wants to pause, screenshot their current position in the game (maybe they are defeating the recently invincible monster) and share it via chat or mint an NFT of it.
The communication required between the different parts in charge of those actions can happen quickly with no worries about any errors due to incompatibility. Thirdly, SparqNet’s composability allows smart contracts to flex their muscle fully. Take the example above. To mint the screenshot NFT, the player needs gas, but they may not be methodically tracking the token balances in the wallet they use for your GameFi project.
So after buying different weapons and upgrades and paying for other items, they could be left with tiny portions of different tokens. In this case, you can configure a smart contract to have an extra step that doesn’t check only one token balance but the collective value of the fungible token types in the wallet.
It can then make the payment for minting the NFT using an assortment of different tokens converted into the currency used for gas where necessary. Not forgetting, SparqNet can process up to 400,000 TPS, so such multi-step procedures will still happen at a satisfactory speed, keeping the user experience top-notch.
When you combine these speeds with the fact that SparqNet’s composability supports elaborate GameFi experiences that spawn a multitude of transactions, you realize that SparqNet validators have tremendous upside regarding the amount of on-chain activity they can earn from.
A higher TPS could result in less traffic being directed to other chains solely for the purpose of faster processing, so the transaction volume on SparqNet’s network steadily increases, producing more rewards for those running nodes and validating transactions.
Wrapping Up
To harness blockchain composability when working on a GameFi project, you should understand what’s lacking in traditional gaming and finance. Then, you need to identify the technical demands in realizing those missing capabilities or emulating the existing ones better on the blockchain.
Basically, which goals require writing code from scratch and which can be achieved using a mixture of existing code pieces and some new code? Ultimately, SparqNet will help you piece together what’s available and top up with fresh ideas in a highly-decentralized, hyper-efficient and fail-proof manner, so come build the future, come build on SparqNet!
Follow SparqNet today!
Website: https://sparq.network
Twitter: https://twitter.com/SparqNet
Telegram: https://t.me/SparqOfficial
Telegram Announcements: https://t.me/s/Sparq_News
Medium: https://medium.com/@SparqNet
