How to build a successful Play-to-Earn game and how much does it cost
Potential of blockchain game development
The blockchain gaming industry is one of the hottest buzzwords in the global hype with a trending array of play-to-earn games. The current market cap for all P2E tokens exceeded $20B so far. Yes, users can really earn money by playing games. And yes, you can become a part of this golden mine!
There is no talking about play-to-earn games without talking about NFTs that are used and mostly developed on Ethereum, Tron, and Binance Smart Chain.
Among them, Ethereum games could be the next milestone in safeguarding online games and creating a long-term industry benchmark.
With more blockchain technology innovations, the game world’s possibilities are limitless.
P2E gaming rewards participants with digital cash or non-fungible tokens and has become the prime talk on the crypto street, which means it’s too good to pass up.
There are top 3 popular p2e games that inspire:
The Ethereum blockchain powers the 3D virtual reality game, where users can create avatars, trade non-fungible tokens (NFTs), such as digital wearables and in-game land, and interact with others. Gamers can purchase, sell, and engage in enjoyable social interactions using the MANA coin as an in-game token.
Axie Infinity (AXS)
This Pokemon-inspired blockchain game is centered around little creatures (Axies), each of which is an NFT. Players can breed, train and battle with others online to earn the two in-game tokens: Axie Infinity Shards (AXS) and Small Love Potion (SLP).
Sandbox is one of the most dynamically developing and popular NFT games, with plans of making it truly cross-platform. This metaverse is based on the Ethereum blockchain, where you can create your digital items and mint them as NFTs. You can also create a game experience for others and monetize your NFTs with an NFT marketplace integrated into the game.
So what does Play-To-Earn mean?
Blockchain is the factor that makes P2E games different from other games, where rewards come in various forms of in-game assets, such as virtual land, crypto tokens, skins or cards, weapons, and other NFTs.
Crypto games developers mint NFTs on the blockchain and compared to traditional video games P2E game has its own decentralized nature.
P2E Earning Modes
– Earning crypto through gameplay
– Earning or selling in-game assets (through NFTs)
– Earning crypto through investment
Essentials for P2E games
To choose a strategy and make a plan for your game from its development to its launch, you need to keep in mind important factors about play to earn crypto game:
– Marketability (targeting and checking the demographics of your gaming audience)
– Monetization (offering different digital assets)
– Minting Power (potential of charging NFTs)
– Economic Sustainability (the earning potential for gamers to attract them)
– Perceived Longevity (how long players will stay in your game)
– Retention (rate’s calculation)
For long-term success you need to develop the game in a way that really appeals to the player:
– The game should have strong core mechanics
– The game should have a core loop that can’t be boring
– The economy of the game should be balanced
Features of Blockchain Game Development
|Fraud detection and prevention||To protect your in-game system from any possible scam, you need to keep your eye on main examination fraud methods: multiple account usage, bonus abuse, etc.|
|Tokenomics||In-game economic structure provides economy processes like token minting, burning, staking, etc.|
|Micro Payments||Collection of micro-payments can be achieved via lower fees and faster transactions. You can also find subscribers to your game.|
|In-Game Currency||Gamers can earn in-game revenue which further helps them to play even paid versions. This allows players to play more, win more, and raise money.|
|Smart contracts||Smart contracts give validation to all the details and transactions. You can monitor the transfer of assets with precise calculations and results.|
|Ownership||Engineers and players can create unique characters and objects with their attributes and legacy. Players can buy and sell these items to other players. Sometimes, in-game NFTs can be traded outside the system.|
In launching the crypto game, the development stage is the longest as it’s the backbone of the whole process. But how to develop a robust play to earn crypto game? Let’s look closer at the algorithm.
Step-by-step guide of the Development process
|Understand the idea||To understand the game concept you’d like to employ you need to research the market, study its trends, and try to find similar blockchain or non-blockchain games.|
|Define your game type||Think about the specific items and unique collectibles for your game. At the same time, NFTs can be traded within the game environment and help users to achieve goals.
Additionally, it can become a powerful investment source.
|Design concept||It’s essential to create fascinating graphics as there are no successful game projects developed without a proper game design. To attract gamers you need a visually powerful design concept. It requires knowledge of the market, strong tech background, design skills, experience in data operation and analysis, and tons of creativity and passion.|
|Webapp or Mobileapp
|– WebApp has higher availability and can be accessed from nearly anywhere
– MobileApp can provide better functionality (notifications, camera, gallery access, etc).
Each option has pros and cons, so it’s better to do a proper analysis considering all your needs.
|Develop your game
|To turn your game ideas into a fully-functioning NFT game, you need to choose the right tools, technologies, and frameworks for its technical realization.
As a rule, this can be achieved by choosing a dedicated team of professionals to develop this business model for you.
|Testing and deployment||Specialists can find possible flaws and errors and fix bugs before listing a game on a platform. After the successful completion of the testing phase, you can deploy the gaming platform instantly and efficiently.|
Usually, a standard P2E development team consists of:
- Project managers
- Business analysts
- Frontend developers
- Backend developers
- Blockchain developers
- UI designers
- Game designers
- QA engineers
So how much does it cost to develop your own play to earn crypto game?
Now let’s break down the pricing of P2E game creation to understand the budget and plan your expenditures.
P2E game development cost will vary depending on features: you’re going to develop an indie with minimum animated pieces and a few levels or create the more epic game.
Mini-game development, obviously, can cost 10-20 times less than a game with lots of characters, thousands of unique items, complex levels, etc.
– Indie games
This independent video game is built without the support of a publisher and you can expect to pay around $50k to $500k
– AAA games
This game development is used to signify high-profile, high-budget game, it requires millions of dollars.
How to create NFT Game
Once you’ve decided to dive into P2E games, you can begin with your own NFT collection, which will help you to launch and raise money for your game development.
You can spend around $5-10k for launching an NFT collection and raise funds by selling unique game skins or avatars.
This way, it’s a win-win situation!
Besides, research proves that Player involvement is emphasized in NFT games and you may begin working on your avatar. Special clothes and skins can also be sold as NFTs. Game’s in-game objects also include them as a part of the product. New goods might be exchanged, owned, or swapped by users or even trade with other players.
The big question is how NFTs can be used in blockchain games. In a nutshell, developers apply smart contracts to integrate NFTs into a game environment. So many NFT game options are available, which can accrue value and generate rewards.
As more games are developed and as more gamers make the switch from pay-to-play to play-to-earn, P2E market is turning out into a viable business model, which combines fun and all the benefits of holding cryptocurrency.
And if you decide to develop your robust blockchain games, you know what to do. Get involved in blockchain game development early on!
Free consultation from our experts will help to find out all details for your future projects.
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