In the last twenty years, making video games has gone from being a hobby to a source of income worth billions of dollars. Today, more than just big developers make money from Play-To-Earn. Yahoo Finance says that by 2026, the global gaming market will be worth more than $314 billion. With the rise of blockchain technologies, the game industry has also changed its way of doing things.
The game industry has changed lot since play-to-earn games became popular. Players can now make money from non-fungible tokens (NFTs) and fungible tokens while playing games on their computers or smartphones. With the P2E model, users don’t have to put real money into the game to get items. Instead, they can play the game and earn their way to the articles.
Users earn value in different ways while playing P2E games, and that value is usually show in the form of crypto tokens. In Axie Infinity, for example, players make “small love potions” that can be sold for real cash. In Sorare, you can sell the cards of real football players on NFT marketplaces. The same rules apply to all pay-to-play games, which are:
Players spend “real” money to buy things in the game.
Gamers play a game and earn more in-game value than they put in. Players can trade the in-game value they’ve achieved for “fiat” currency.
Many game companies, crypto investors, and venture capitalists are considering investing in a play-to-earn game because the model is prevalent and growing (the current market cap for all P2E tokens is over $20 billion). What would a game like this cost?
Before making estimates, it’s essential to know how P2E games work and what you should be paying attention.
What are the Play-To-Earn games?
Using blockchain technology, the gaming industry has created a whole new way of playing games, moving from the free-to-play model to the play-to-earn model with NFTs as the vital part.
The blockchain ensures that digital assets are tangible and belong to the right person. In turn, these non-fungible assets (NFTs) give players rewards and real financial benefits. With NFT solutions, game developers can add unique digital items with different values to games. When players get special items as rewards that can be traced back to them, they can trade, buy, or sell them later.
A Play-To-Earn game is make in a way that is similar to how traditional games are make. The most significant difference is in the game’s economy, which is called “tokenomics.” It is an entirely new system for exchanging value that lets users create value in the form of a crypto token and then trade that value for other crypto tokens or real money. To use NFTs in games, developers must use blockchain and smart contracts, which set the rules for how the NFTs can be use.
Things that make Blockchain Game Development stand out
Now, most NFT games are build on Ethereum, Tron, and Binance Smart Chain (BSC). NFT game development is different from traditional web and mobile game development because it uses smart contracts and the blockchain. But before you start making your NFT game, there are a few essential things to think about:
Fraud prevention
Micropayments
Money in the game
Smart contracts
Ownership
The stages of making NFT games
Some time back, NFT games would have seemed impossible, but with the rise of cryptocurrencies, they are quickly becoming popular. Blockchain games have become very popular and have changed the way people play games. But how do you make an NFT game that does well? Here is a short, step-by-step guide to the development process.
- Say what your app idea is.
At this point, you need to be very clear about what you want to build. Here are some questions that can help you decide what kind of game to make:
- What kind of game are you going to make?
- Are there other apps like this one?
- How will you make money from your NFT game?
- When figuring out what your app idea is, it’s best to research the market, look at its trends, and try to find games that are similar but not on the blockchain. This can help you build a strong base for developing your game. Try to figure out what it does well and what it doesn’t, and look at how it works in specific situations. After discovering a better way to accomplish anything, you should share your findings, and you can also get ideas from games like yours.
- Don’t forget about design. The app’s design is essential in persuading users to play NFT games. You won’t attract many players if your game’s graphics aren’t appealing.
- Get better at your game
With Suffescom, there is no need for you to worry about the app’s development. We take care of the building process for you. As a result of the advancements in technology and tools, our developers will turn your game ideas into a fully-functioning NFT game. Here’s what we’ll do when we start from scratch to build your app:
Add a blockchain to the front and back ends.
Link up with cryptocurrency wallets
- Trying out
The QA team needs to run several tests to ensure your game works perfectly. Tokenomics, critical user stories, engagement mechanics, notifications, and the experience’s overall smoothness must be thoroughly scrutiny before launching any campaign. Game, penetration testing, security testing, load balancing testing, etc. Everything needs to be consider because any glitches or bugs after a launch will hurt your business and reputation.
- Installation and help
At this point, you can show the world your P2E game. But for your game to be successful, you must do more than make it. Before launch, you might want to start your marketing campaign and user engagement efforts.
P2E Game Development Cost?
Creating a game has many steps, and you need a team of experts to make your app idea a reality. The difficulty level, the type of game, the complexity of the storyline, the number of platforms, the size of the production team, animations, and so on all impact the project’s cost.
Approximate cost
Making a game design document costs between $1,500 and $5,000.
Graphics and animations in a game
$500 – 10, 000
UX/ UI design $2,000 – 9,000
Backend $5,000 – 15,000
Frontend $3,000 – 10,000
Testing $2,000 – 5,000
Project management $500 – 3,000
Total $14,500 – 57,000
If you want to make a P2E mobile game with a few levels and animated pieces, it can cost between $3,000 and $5,000. The more epic the game, like a strategy or 3D mobile game with many characters and complicated levels, the more it will cost. A project like this can cost 10–20 times more to make than a minigame.
You can’t figure out how much a project will cost without knowing how many platforms it will be on, what kind of game it will be, and other essential details. Making a P2E game takes more than 1,000 hours and costs more than $57,000. Also, many things can change along the way that can affect how much your project will cost in the end.
We’ve built a wide range of blockchain-based projects in many different fields. Want to know how Suffescom can help you step up your game? Get a free kick-off consultation by getting in touch with us.
