Set Your Mark in the Gaming Industry With NFT Gaming Platform Development

NFT gaming platform development

The gaming industry has always been a popular and money-reaping industry. Every one of us must have come across a game at some point in our lives. But we might not have thought about the financial part of it. Many of us might have spent big bucks on buying games, consoles, equipment, and in-game assets, just for the sense of joy and amusement in playing those games. Blockchain technology has completely changed the scenario, as the NFT storm has taken the gaming industry also.

NFT games provide unique gaming experiences for gamers, as they can monetize their in-game assets as NFTs on marketplaces and earn rewards in the form of tokens. This gaming model has attracted millions of gamers across the globe, and many leading companies have jumped into NFT Gaming platform development. So, why exactly are NFT games gaining popularity?

NFT gaming platform

NFT gaming platforms are decentralized platforms built on blockchains, where users can play and mint the in-game assets as NFTs in marketplaces. Players can monetize assets like avatars, tracks, cars, weapons, skins, etc., as NFTs. Since an NFT gaming platform is built on the blockchain, it is completely decentralized and transparent.

NFT Gaming

Features of an NFT gaming platform

Verifiable transactions: Both players and developers can access and verify transactions made on the NFT gaming platform.

Rarity: Every gaming NFT is unique, but rare gaming NFTs have the potential to fetch big bucks in the market due to their scarcity and popularity.

Smart contracts: All transactions on the NFT gaming platform take place using pre-developed smart contracts. These smart contracts eliminate the need for intermediaries and avoid security threats on the platform.

Transparency: NFT gaming platforms are completely transparent, as users can oversee all transactions stored on the blockchain, ensuring immutability and security.

Liquidity: The gaming platform ensures swift tradability, which offers higher liquidity for in-game items. This means that digital assets can be easily converted to fiat currency.

How to develop an NFT gaming platform?

There are widely used approaches in NFT gaming platform development. 1) developing from the ground up and 2) opting for a Whitelabel solution. Both approaches have their pros and cons. A Whitelabel solution can be launched quickly at economical costs. With a platform developed from scratch, you can give attention to even the tiniest details, but it can cost you some time, money, and effort.

Important steps in NFT gaming platform development

Research and Ideation: Work on the basics of your project. Decide the genre, game mechanics, blockchain network, and other requirements for your project.

Development process: The next important step in the development process is the front and back-end development process. Choose the right technical stacks according to your project’s scope. Wallet integration is also a major step in the overall development process.

Testing: Run multiple tests on the platform with a QA team, and resolve all the errors on your platform.

Benefits of an NFT gaming platform

👉 Players can completely own the in-game rewards without any central entity.

👉 The platform is completely transparent; users can access all transactions on the platform and verify them.

👉 Players can create assets, monetize and store them securely on the platform.

👉 From a business perspective, demand for the tokens will increase their value.

👉 Players have a say in further development and updates on the platform.

Types of NFT games

⏫ Action games

⏫ Adventure games

⏫ Simulation games

⏫ Sports games

⏫ Racing games

⏫ Card games

⏫ Board games

⏫ P2P battle games, and more

Conclusion

gaming has been a lucrative industry since its inception. But, the introduction of NFTs has taken the gaming industry to a whole new level, introducing a new space known as GameFi. With GameFi, both players and developers can monetize their time and effort on the game. Sensing the flourish in NFT games, many global companies have started to venture into the web3 gaming space. Are you a game enthusiast looking to develop your own NFT game and be part of this money-reaping industry? Getting technical assistance from a professional NFT gaming platform development is recommended for a smooth and stress-free development process.

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Set Your Mark in the Gaming Industry With NFT Gaming Platform Development was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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