Here’s How P2E NFT Game Development Can Help A Venture Evolve in the Ever-competitive Web3 Space!
Gaming has traditionally been condemned by people who often claim that video games destroy young minds. While anything, if taken too much, leads to destruction, video games have carried the most burden since they are only seen as hobbies that consume time. Time has changed now, and the gaming industry has become a multi-billion dollar domain, which led people, this time gamers, to protest. Incentivizing gamers with usable rewards in real-time was not possible before with Web2 technology. But, things have evolved with Web3, resulting in P2E NFT game development that benefits both businesses and gamers to yield gains, which we will see in detail.
P2E NFT Game Development: What Exactly Does It Mean?
P2E NFT game development is where gaming platforms based on the Play-to-Earn (P2E) mechanism are built. Before jumping into the development aspect, the Play-to-Earn mechanism is where gamers can earn cashable rewards for playing games that use NFTs for in-game assets and cryptocurrencies for platform-native tokens. The P2E gaming revolution became popular during the NFT boom in 2021, and the model contributed a fair chunk to the billion-dollar season. Popular P2E NFT games include Splinterlands, Alien Worlds, Axie Infinity, Farmers World, Meta Cricket League, Zed Run, and REVV Racing.
Elements That Aid P2E NFT Game Development
- Building a game’s storyboard and characters is a vital element in P2E NFT game development. Here, the game’s ideas on paper are converted into visuals with talented artists who can understand and show the game’s nature through their output.
- The core element consists of the full-fledged software development process of prototyping, UI/UX design, front-end development, Web3-specific back-end development, and testing. The process requires professionals experienced in the domains, along with an enhanced understanding of the gaming world.
- Promoting the P2E NFT game through various channels is also an important element, which we will discuss in a future blog. The process needs marketing geeks who understand their target audience and frame a strategic campaign that helps gather Web3 gamers to use the platform.
Main Features Present in a P2E NFT Game (Apart from the Game)
- Cryptocurrencies — In P2E NFT game development, cryptocurrencies typically take the name native tokens. These will be first exposed to the world even before the game launches on a full scale so that the tokens have a recognizable value. These tokens can be used inside the platform to carry out transactions and can be exchanged for fiat tender.
- NFT Assets — NFTs in a Play-to-Earn game are used to back in-game assets such as avatars, apparel, equipment, armor, vehicles, and weapons. These assets belong to gamers (without any control from gaming studios), and they can sell or rent these at their discretion.
- NFT Marketplace — An NFT marketplace in a P2E game enables users to trade in-game NFT assets primarily and secondarily in the same way as conventional NFT marketplaces, which we had seen in an earlier blog. These are present inside the game, which makes it easier for gamers.
Concluding Thoughts
Hence, we can say that P2E NFT game development is useful for ventures looking to tap the potential of professional gaming spaces in the Web3 world. Such games can even expand as metaverses should the need arise, although staying as a game is more than enough to attain fame and profits quickly. Consider working with a pioneer P2E NFT game development firm if you want to take your gaming idea from paper to the blockchain, and be part of the gaming revolution that is unfolding. Also, garnering your community should not be worrying, as the next blog focuses on marketing NFTs for businesses.
