The metaverse is upon us, but how do I access it? It remains the primary question among would-be metaverse participants and businesses looking to profit from it.
This article focuses on the entrepreneurial aspect of NFT game development that generates a metaverse of entrepreneurship.
Entrepreneurial metaverse – what’s that?
The business world has seen many technological advancements, from the Internet to Artificial intelligence (AI). The latest to join is virtual reality-backed metaverse, a shared virtual space where people can feel a parallel life to reality. 71% of respondents to the Accenture survey believe that the shift to metaverse will positively impact businesses. Some are even confident that the move will be a transformational one.
It covers all business areas, from consumer to worker to company; from reality to virtual and back; from 2D to 3D; and from the cloud and artificial intelligence to extended reality, blockchain, digital twins, edge technologies, and beyond. As the next step in the internet’s growth, the metaverse will be a continuous stream of quickly evolving capabilities, use cases, technologies, and experiences.
Like the early-web phase, businesses are moving towards an entirely new future. The environment in which most companies do operations will evolve in a decade.
However, now is the time when businesses start making decisive technological decisions. Building an NFT gaming platform could be one such decision.
NFT game development – Architecting metaverse’s cheat code
Online multiplayer games were the real stuff before the advent of blockchain-powered NFT gaming platforms. The use cases of NFT gaming solutions amaze gamers with tokenization and play-to-earn functionalities.
Metaverse-inspired NFT games are a result of the gaming industry’s recent progress. Players are joining the real world of metaverse to partake in next-generation gaming. While the metaverse can be centralized or decentralized, gaming businesses are concentrating on decentralized projects since the future is decentralized.
Here are some of the characteristics of metaverse-inspired NFT gaming platforms:
- Play-to-Earn (P2E) – It will be a fundamental aspect of metaverse gaming. Players can monetize their activities apart from accessing the gaming platforms. For instance, they might be able to sell the items they’ve won in the game to other users in exchange for cryptocurrency.
- Social Gaming – NFT gaming platforms embrace community-first policies that mimic traditional real-world social communities. Multiplayer gaming will take on a new dimension as gamers will be able to invite real-life friends, communicate with other players, form connections, etc.
- Interoperability – Asset portability may be possible thanks to the metaverse’s interoperable architecture. Weapons or avatars from one game can be deployed on another, with NFTs representing the ownership details.
Metaverse game creators use cutting-edge technologies like blockchain and artificial intelligence to make the gaming experience more immersive.
A Few of the viable metaverse NFT games
While a few online games had few hints at the metaverse, there is now a slew of new metaverse gaming ventures to look forward to. Let’s look at some of the most popular online metaverse games that are already causing a stir:
The Sandbox is one of the most prominent entries among the current top metaverse games. It provides a virtual world where you may develop, own, and even profit from monetization opportunities through your gaming experience. The Sandbox is one of the important NFT gaming platforms built on the Ethereum blockchain.
- Axie Infinity
Axie Infinity is another popular metaverse blockchain game worth mentioning. The game was first released in 2018 and has recently gained mainstream popularity. In recent years, the popularity of games like Axie Infinity has increased dramatically. Axie Infinity might be considered a staple feature of the NFT game business.
Sorare is one of the most user-friendly online card trading games, embracing FIFA-accredited football clubs, players, etc. Gamers can trade (buy/sell) the player cards in the form of NFTs. Sorare NFT cards play a massive role in football’s inclusion in the metaverse. These cards are available for purchase in over 40 countries globally.
NFT game development process
Ideating a persuading game idea is the first step of NFT game platform development, where you’ll have plenty of options: starting from arcade to adventure, racing to trading card, and much more. Get suggestions from your well-wishers, gaming community, and blockchain developers to come up with an idea!
Following the design stage, the development stage begins, which includes both the front-end and back-end. Before that, a blockchain network must be selected. The Ethereum blockchain is the most popular. Apart from these, certain blockchain networks should consider before hiring NFT gaming platform development services, such as Solana, Binance Smart Chain, Azure, and Stellar.
You should test your NFT game before releasing it on the blockchain network of your choice. The development is still ongoing shortly after the launch. Conducting marketing efforts would be quite important.
How much does NFT game development cost?
It is somewhat difficult to answer as you’re planning to build a metaverse-inspired NFT gaming platform. As players in metaverse technology mature, the cost may go up.
However, to build your gaming platform, you can always leverage off-the-shelf white-label solutions (for example, Axie Infinity clone). As a general rule of thumb, you can expect the costs to begin at $25,000 – excluding the post-launch maintenance. While some companies offer after-launch support with their package, you need to choose wisely.
You can also test the waters with an MVP (minimum viable product) development, resonating with the basic needs of the gamers. A simplified version of your fully-functional game could also help you obtain valuable feedback.
If you’re an entrepreneur looking for a future-proof business idea, it is a good idea to build your NFT gaming platform. Hiring a professional NFT game development company is the key – hire someone who serves as your technology partner rather than just an outsourcing company.