Following the emergence of blockchain, P2E games have become the dominant subject in the gaming community. Furthermore, understanding the potential earnings from such games, many investors and entrepreneurs are interested in developing their own play-to-earn games.
But what exactly are P2E games? Why can incorporating blockchain technology into your play-to-earn game improve the gaming experience? Let’s take a closer look.
What exactly are P2E games?
Play-to-earn games are those in which players can earn real money. The incentives can take the form of money, tokens, NFTs, and so on. Players can earn incentives based on how well they play in the game.
Players can trade their digital assets with other players in the game. P2E games make use of blockchain technology to distribute their exclusive NFTs and cryptocurrency to their participants.
Let’s look at how blockchain can assist play-to-earn games produce unique prizes and how blockchain can help games distribute among participants.
How does blockchain improve the experience of play-to-earn gaming?
Many games have been developed in the market since the introduction of blockchain, and they have received a positive response from players all around the world.
The majority of play-to-earn games are modified versions of free-to-play blockchain-based games. Blockchain technology in free-to-play games enhances the possibilities for creating a variety of exclusive digital assets such as NFTs, crypto coins, and so on.
With the growing interest in blockchain technology and its potential for gaming, there has been a surge in demand for Blockchain Professionals In Dubai who are skilled in developing and implementing blockchain solutions for the gaming industry. These professionals are responsible for creating secure, transparent, and decentralized gaming ecosystems that enable players to earn rewards and trade digital assets seamlessly.
Furthermore, there are numerous advantages to incorporating blockchain technology into play-to-earn games, which are as follows:
- Blockchain provides decentralized servers for game hosting that are less expensive and more stable than centralized servers.
- The game’s awards can be dependent on NFTs. In comparison to other digital assets, NFT incentives are simple to create and distribute.
- By transferring awards to the addresses of users’ crypto wallets, blockchain enables games to distribute rewards more efficiently among its players.
- Earning money by playing games motivates users to spend more time on games, resulting in more game engagement.
The rewarded gamers can exchange their digital assets for cash with other players. So, if you want to create a play-to-earn gaming business, using blockchain technology into your games will be beneficial.
Understanding the business strategy of play-2-earn games can give you a better notion of how to build your own.
The play-to-earn game business model
Many games include their own NFTs and cryptocurrencies. When users engage in or complete any task within the game, the game rewards them with cryptocurrency or NFTs.
The free-to-play games leverage blockchain technology to create their own NFTs. As an incentive, the games can distribute these NFTs to their consumers. Players join the game via digital platforms supported by the game.
By playing play-to-earn games, players can receive incentives by completing the intended achievement. Furthermore, players can stake NFTs to receive more NFTs in return.
Later, the gamers can exchange that digital item for money by selling it to other players. For delivering digital assets to its users, the game employs smart contracts that execute the reward system based on particular conditions.
However, there are other aspects to consider before developing play-to-earn games.
Important Considerations for P2E Games
These are some important aspects to consider when developing and planning your game, from development to launch.
- Commercial viability
The component determines how appealing your game is to a big audience. The potential for profit from your game is determined by targeting and checking the demographics of your gaming audience during game development.
- Financialization
This metric assesses how likely players are to spend money and buy things in your game. Making your game more monetizable by giving various digital assets helps game owners generate more money.
- Minting Strength
The factor determines how much your game can charge for each NFT issued by the players. The greater the potential for charging NFTs, the greater the profit for the company.
- Economic Longevity
The earning potential that users can generate money from your game is determined sustainably. More economic sustainability aids in attracting more players to your game.
- Expected Life Expectancy
The longevity of your players impacts how long they will stay in your game. More player lifespan on the game will assist game owners in maintaining a significant user base on their game.
- Maintenance
Retention is used to predict how much time a player will spend playing the game. Furthermore, retention impacts how frequently gamers return to the game. A better retention rate assists the game owner in expanding and profiting from their gaming community.
You can read about the benefits of investing in play-to-earn games to have a better sense of how much money you can make.
The best tools for creating play-to-earn games
A wide range of free game-creation software can help you save money on game production and invest it in graphics, marketing, and other important considerations. Examine the finest tools for creating play-to-earn games.
- Construct3
Using Construct 3 for game programming is the greatest approach to avoid coding.
Construct 3 is completely GUI-based software with a drag-and-drop interface. The tools have already programmed the required classes/functions and translated them into various logic.
Furthermore, it is compatible with a wide range of game platforms, including HTML5, Android, iOS, Windows, Mac, Linux, Xbox One, and others. To assist budding game creators, Construct 3 offers free lessons and documentation.
The software also includes its own asset shop, known as the Game Developer Asset shop. The free version includes all of the functionality of the paid version but is restricted to 25 events. Later, you can purchase a personal license for $99 per year, which removes all of the restrictions that come with the free edition of Construct 3.
- Unity
Many successful Unity games, such as Monument Valley and Crossy Road, have been exported. The platform allows both 2D and 3D game development.
Unlike the previously mentioned gaming development platforms, Unity 3D does not include a drag-and-drop programming interface. However, it includes the C# scripting language, which provides game developers more freedom to build unique games. Unity includes free documentation and tutorials for learning how to program in Unity 3D.
Furthermore, Unity 3D has its own marketplace that sells digital products in several categories such as characters, scripts, gaming assets, sounds, GUI, and so on. Unity 3D supports a wide range of game export platforms, including Mac, HTML 5, iOS, Android, PlayStation 4, Windows, and Linux.
- GoDot Engine
Godot Engine may be used to create both 2D and 3D games. The platform includes several gaming features such as audio, sprites, and scripts. Godot also features a library of different gaming scenes that game developers can mix to create an overall scene for the games.
The Godot Engine also has a drag-and-drop scripting system for quick game development.
- Defold
Defold’s platform enables both 2D and 3D game production and includes a code editor for adding custom logic and creating diverse gaming scenarios by dropping assets directly into the game.
The Defold provides outstanding support for publishing games on a variety of platforms, including Android, iOS, Nintendo Switch, macOS, Linux, Windows, HTML 5, and others.
Defold is best suited for creating 2D games. If you want to make 2D games, Defold is the superior option.
FAQ
Let’s quickly go over the most often-asked questions about play-2-earn games.
- What exactly are play 2 earn games?
- The games are based on a remuneration structure in which users can earn NFTs, crypto coins, and other digital assets by playing them.
- What exactly is blockchain?
- Blockchain is a decentralized system that consists of a digital ledger distributed among its participants all over the world.
