In the gaming community, play-to-earn games have become a fundamental topic. After the popularity of blockchain, countless investors and even entrepreneurs have started taking an interest in forming P2E games. It enables them to know the potential of how to make profits from these games and contribute to P2E Platform Development.
Do you know what the play-to-earn games are? How can you achieve better results and improve your gaming experience by adding blockchain technology to your P2E games? If not, you need not worry at all. As this blog will help you understand all the things in detail, so keep reading to know every detail about play-to-earn games-
P2E games: What are they?
Generally, P2E games are well-known for those in which every player earns a tangible reward in the form of tokens, money, NFTs, etc., based on their performance in the games. Modified versions of free-to-play games allow players to trade their digital assets with other players. In addition, play-to-earn games utilize blockchain technology not only to make the games available but also to distribute their exclusive Crypto Coins & NFTs among their players.
Advantages of adding Blockchain Technology in P2E games to improve them:-
There are numerous pros to including blockchain technology in P2E games, which are given below-
- For hosting games, blockchain offers its decentralized server that is-
- More Stable than centralized servers.
- Blockchain technology enables you-
- To create rewards through the game based on NFTs.
- Make and distribute NFT rewards easier than the other digital assets.
3. It helps P2E gamers-
- Distributing rewards among the players efficiently
- Sending prizes to the address of crypto wallets of the players
4. This technology encourages players-
- Earn more money by playing games
- Spend more time on games
- Better engagement within the game
So, if you are willing to prepare a P2E gaming model, it’ll be best for you to add blockchain technology to your games. This way, every rewarded player can trade all the digital assets with other players in exchange for cash. Furthermore, by getting the meaning of the business model of play-to-earn games, you can get a better idea for initiating your own game.
Significant factors for the P2E games-
A few essential factors can assist you in making the best strategy and plan for your game, from developing to launching. All are given as below-
This element decides-
- Whether your game is appealing or not
- Can your game captivate a large audience?
- Target and verify the demographics of your gaming audience at the time of development of the game
- Determines the potential for making profits from your game
- What amount will the users spend for buying the products within your game?
- How can your game be made more monetizable?
- Various digital assets assist you in making more money for the game owners.
Minting power is a factor that measures-
- How much will your game charge for every issued NFTs from the players?
- What is the best potential for charging NFTs?
- How can the company generate more profit?
Economic sustainability determines-
- The earning potential of the users can enable them to make money from your game.
- If the financial sustainability is more remarkable, it will assist you in attracting more players to your game.
Perceived Longevity determines-
- How long will the players stay in your game
- It helps the players to have more Longevity in the game
- Assist game owners in maintaining a critical user base on their game
Retention assists you-
- In calculating how much time players spend on a particular game
- In determining how frequently the players will come back to the game
- It helps you in raising the level of retention rate
- Enabling game owners to make their game gaming community more profitable and extensive.
- Check the causes to invest in P2E games to get a better idea about what amount you can get a return on your investment.
What is the need to invest in Play-to-earn games?
The market for Play-to-earn games is booming continuously and providing the best business opportunity to entrepreneurs.
- According to Statista, there is an expectation that the “Global Gaming Market” will reach around $270 billion by 2025.
- To make more money, millions of users are moving towards P2E games.
- In the US, spending of almost all users has grown upto 8% in 2021.
- In 2021 the gaming market generated around 180.3 billion.
With these numbers, you can get a recommendation about the volume of investment in games. It gives you better returns and lets you know it’s the most fantastic time to invest in games. So, in the initial stage, it’ll be better for you to use blockchain in games on a massive scale and enter the decentralized gaming market earlier because of limited competition.
1. To acquire a better chance to attract prominent players.
You ought to invest in P2E games because the main aim of several players is-
- Earn Rewards
- Convert all the rewards into money by playing games
- Make money by earning rewards, namely NFTs and Cryptocurrencies.
- P2E games require less marketing
On every platform, blockchain games are on the top searched list. After reviewing the enormous popularity of these games on their channel, various streamers pay particular attention to play-to-earn games. Besides, all the gaming communities are discussing these games and providing you with a better opportunity to promote these games with a low marketing budget.
3. Fabricating better yield for game possessors
Are you a game owner? Do you want to introduce your exclusive crypto tokens? Or are you willing to attract crypto investors? If so, you must invest significantly in the exclusive gaming token. It can enable game owners to create wealth and offer them more funds to utilize for upgrading their games.
The ways of making Engaging P2E games:-
Do you want your game to perform well in the market? By following the best game-making practices, you can increase your chances. If you’re also willing to save your time and money on your game development, follow the below-mentioned best game development practices-
- Construct exceedingly manageable games
There are various platforms available for you to launch your games, namely mobile, desktop, iMacs, Gaming Consoles, and many more. When you distribute your game on different platforms, it assists you in getting more players in less time. But only an excellent user can create a better revenue stream and engage within your already published game. So, it’ll be better to focus on just a few platforms at the beginning. This way, you can expand the reachability to various gaming platforms over time.
- Instigate the tokenomics model
Within the game, tokenomics not only allow players to transfer but also trade cryptocurrencies, NFTs, and digital assets within the game. But for game developers, it’s not a cup of tea to present tokenomics within your game. Therefore, you may require blockchain developers to integrate the tokenomics model within your game. Moreover, if you want to improve the game, tokenomics helps and allows you to vote & participate in different activities.
3. Choose better blockchain platforms.
Selection of the most credible and appropriate blockchain platform is the other most excellent step you can take to develop your game. If you want to choose the best blockchain platform, you can verify the features and parameters, namely-
- Translation speed
- Transaction fees
- NFTs support
4. Creating captivating graphics
You have surely noticed that almost every game performs well in the market and comes with eye-catchy graphics. All these attractive graphics provide you with good pictures, better visuals of characters, scenes, game UI, etc.
So, you need not buy any expensive game-making software; check top free game development tools like-“Construct 3”, “GameMaker Studio 2”, “Ünity,” “Godot Engine,” “Unreal Engine 5”, & “Defold” for-
- Creating P2E games
- Publishing play-to-earn games
- Making the most significant returns on your investment
After the arrival of the P2E game, the entire gaming industry has become more lucrative and the most wanted game genre. Furthermore, it’s beneficial for businesses as it contributes in-
- Demand Driven Growth
- Supply Led Growth
- Community Development
- Income Opportunities
- Uniq”blog”ue Ownership
Sophia Mills is a technical content writer and editor who generally write technology-based blogs and articles. She has a few published pieces under Mobile applications, and Data science consists of proven techniques, future cost, and benefits. Looking into the current, Sophia is writing her first full-length article on Trends of Blockchain game development.