NFT GAME DEVELOPMENT USING BLOCKCHAIN TECHNOLOGY
As a result of technological advancements, NFT game development has witnessed tremendous growth in recent years. NFT games use blockchain to prove ownership of game assets. Following the NFT artwork craze in 2021, game developers raced to board the NFT bandwagon. In 2021, NFT games generated $2.3 billion in trade volume, accounting for 22% of the total.
Without a doubt, the traditional gaming business has made a positive impact on people all around the world. But it is still bound by a few limitations that hang heavy on it. Also, the worth of in-game purchases is not even at their maximal levels in return for this investment. In contrast, in an NFT game, one still buys the game and plays to get gear, weapons, skins, and cards. The major difference here is that one owns those objects with a limited supply, and the item itself can exist outside of the game. One can, but it is conditional on the developer transferring that item across platforms and using it in another game.
One can also sell the item in an NFT Marketplace for real money, not credits and points. Also interestingly, one can never play the game and still make money from NFT items. NFT games allow users to transfer their profits to another game or swap them for bitcoin with any other player.
KNOW ABOUT BLOCKCHAIN TECHNOLOGY FOR NFT GAME DEVELOPMENT
These days, NFT games use a variety of Blockchain technologies. Although Ethereum powers the majority, if not all, of the NFT games, many additional technologies facilitate the development of NFT games, such as Flow and Tezos.
Ethereum is the first blockchain platform for the development and deployment of NFTs. The Ethereum blockchain technology holds well for developers looking to create NFT apps and games.
There are 3 major token standards on Ethereum:
· ERC-721– This happens to be the most common NFT standard created in a blockchain. With its unique and indivisible properties, ERC-721 is a blessing for all enthusiastic game and app developers.
· The ERC 998 & 1155 Standards- ERC 998 is a popular choice among players and developers since it increases efficiency, and boosts the asset’s value. ERC-998 gives up a world of possibilities for gamers and developers. For instance, while creating an in-game character, it is levelled up with various things such as a helmet, sword, and so on, which is a time-consuming procedure. And if one desires to trade off the character, including the belongings, one has to sell or transfer every asset one at a time, which is nothing more than a delay in the process. Yet, ERC-998 allows for a single transfer of ownership, which means that it only takes one blockchain transaction to transfer ownership of all underlying assets to the new owner.
For the majority of assets on the Ethereum blockchain, ERC-1155 is the standard option. It plays a very large role in facilitating item trading. ERC-1155 allows one to send an infinite number of items to many recipients via a single transaction. It is ideal for games since it provides functionality for both fungible and non-fungible tokens.
· The ERC-1190 Standard- This permits the inventor of a digital good to profit each time the rights to the good they use, independent of the time limits. The majority of it relates to the sale of ownership licences, creative licences, renting out digital goods, and other things.
Flow is an important blockchain network for gaming created in 2020. The flow Blockchain facilitates smart contracts and provides fast, affordable transactions. The multi-node design used by the flow blockchain helps to increase vertical scalability. Alongside this, provides high levels of security for decentralised operations.
The work on the Flow chain is distributed across several nodes of this blockchain, which improves scalability.
Solana is a very important blockchain platform that facilitates NFT game development to a great height. Running on smart contracts, it is the fastest and the most scalable decentralized blockchain platform in existence.
Building immersive metaverses, and NFT projects, as well as providing unique gaming experiences leaves no doubt about why it currently ranks as the fourth-biggest cryptocurrency in the world.
Tezos is a low-cost, energy-saving blockchain that has created incredible opportunities for creators and collectors. It helps developers, artists, and businessmen to get innovative experiences while collaborating internationally through strategic partnerships. It provides a vast platform for game developers to launch their games on the Tezos blockchain. Additionally, It also grants many perks to them in the form of technical support, game publishing and fundraising support.
It goes without saying that selecting technologies for an NFT game will not be easy. However, there is nothing to be worried about. Monkhub, a Blockchain game development company headed by experienced blockchain and NFT game developers will assist you in creating NFT games from the ground up.
We create full-game ecosystems that provide true ownership of in-game products and revenue by utilising new methodologies and the latest gaming trends. Allow us to assist you in building your perfectly functioning NFT game development platform.
Contact us immediately to make your gaming fantasies a reality!