Play-to-Earn NFT Games | Driving the GameFI Revolution

This blog is for you if you are a start-up enthusiast looking to develop and launch a play-to-earn (P2E) gaming business using upcoming technologies like blockchain and NFT development services. Here, we present helpful information that decision-makers should consider both before and during the development of play-to-earn NFT games.

Play-to-Earn and Traditional Gaming

Traditional gaming generally operates on the "closed-end model". To advance or unlock prizes, players spend a lot of time grinding and performing tedious activities in a game. Yet, eventually, they do not get the authority to transfer or sell those earned assets. They are forced to follow rules set by the centralized gaming industry. It can add rules or otherwise alter them whenever they like.

The Convergence of NFT, Blockchain, and Play-to-Earn Games

Play-to-earn games have their virtual economies. They each have unique crypto tokens that are constructed on the blockchain of a particular cryptocurrency (often Solana, Ethereum, or its layer 2 chain, Polygon), and the supply and demand of their tokenomics change.

Understanding Play-to-Earn Games’ Economies that Involve NFT

Creating a play-to-earn economy requires developers to consider more than simply their bottom line.

In this scenario, players and developers resemble business partners. It operates in the following way for NFT-based play-to-earn games.

Holding valuable assets and distributing them via trading are the players’ responsibilities in the partnership. This ought to increase the number of players in the game. The developers’ revenue also rises as demand for the game’s NFT collection does. There is one crucial aspect that developers must consider.

What about the games that distribute current cryptocurrencies? How do they generate income?

Most frequently by showing gamers advertising. Here, time is a crucial element. The creators should be getting enough ad money as long as players spend a lot of time playing the games to acquire some cryptocurrency.

Gaming Guilds to the Rescue

Gaming Guilds made up of investors, players, and managers can address many of the issues with sustainable inflow and upfront capital investment. They buy in-game items like land and in-game assets in the form of NFT and then lend them to new players who might want to try out the new format, earning yields by using those gaming assets in the respective virtual worlds. The guilds then make money off of the gamer by splitting their profits and the rent they receive. The goal is to make it easier for people to participate in P2E games without having to invest money upfront.

Popular NFT Play-to-Earn Games

CryptoKitties

Decentraland

Most Resourceful Blockchain Platforms for Building NFT P2E Games

Ethereum

Tron

Begin with Conceptualization and Ideation

Start with a proposal that, in your opinion, meets the needs of the user and the market, taking into account things like NFT integration, in-game economies, and game mechanics. At Oodles, speaking with our blockchain experts can assist in defining precisely what needs to be planned, carried out, and accomplished. Next, we choose the best technology and tools to put your idea into practice.

This blog is for you if you’re a start-up enthusiast looking to develop and launch a play-to-earn (p2e) game with blockchain and NFT development services.

Working on Blockchain, Nft, Metaverse, and new technologies.