Mobile game development is turning into a huge market by including NFT and cryptocurrency game development. The involvement of cryptocurrency in the gaming domain has led the mobile game development industry towards new investors. Several game development peers are looking for various ways to invest through cryptos and NFT game development. But how is crypto making such an impact on the NFT game development company?
What Do You Mean By Cryptocurrency?
Before we delve to know about the impact of cryptocurrency poker game development. We must be aware of cryptocurrency and its dominance. It can be best explained as a virtual or digital currency. This digital currency maintains a higher level of secure and anonymous payment using encryption algorithms. Such algorithm not just appears as a token of currency but also act as virtual accounting systems. These currencies are government issued. Thus, they cannot control or manage them due to their decentralised attribute.
What is an NFT?
NFT is emerging innovation for the blockchain and cryptocurrency. NFT stands for a non-fungible token, which is a digital asset. Interestingly, this digital asset can be anything from a painting to any game art. NFT games are games based on the play-to-earn model that allows gamers to get NFTs as rewards.
Earlier mobile games used to have rewards and the gamers could not manage their winning brownie scores. With NFT game development in the mobile gaming industry is experiencing revolutionary changes. This form of mobile game development is allowing the players to bring changes in the characters of the game. Also, now players can own these in-game assets as well as trade them.
How NFTs & Cryptos Are Influencing Mobile Game Development?
The bridging link between the NFT and Cryptocurrency and gaming industry. Here we are discussing the several ways that are changing the gaming experience with the NFT mobile game development.
1) Revenue Generation Models
Most of the games introduce in-game rewards as in-game currency to engage the players for a long time. However, the players can not utilize these rewards other than the gaming apps. There, the NFT game development company brings up the opportunity for the players to use the currency. Interestingly, even if the player decides to move off the game, still he will be able to own these NFT rewards in the future. Thus, NFT game developers are implementing the play-to-earn model to learn about the NFT game.
2) Decentralized Environment
Earlier the best mobile game development companies or corporations used to control the entire mobile game. But with the NFTs decentralization, the gamers are going to control and manage the games. It gives better control to the players to run the game. Earlier, corporations played an important role in interfering with the security of the games. But the cryptocurrency and NFT game development introduces a higher level of ownership with better flexibility, and control over mobile games.
3) Improves the Gaming Experience
This new sphere of mobile game development around the NFT has seen rapid spread. The players are liking the model where they can earn by playing mobile games, Approx 500 million mobile users are mobile gamers in Europe. This makes the gaming industry the secondary market on the continent. This is not just about Europe but also for the USA, which has more than 600 million gamers. All these impacts are the results of a better gaming experience that expands the market for NFT game development.
4) Game Branding
At present, several brands are adopting the gaming culture with cryptocurrency. As they consider it as an impactful ground to attract and maximize revenue as well as user engagement. NFT game development is turning into the right option to improve the branding capacity and capabilities of businesses.
5) Security Concerns
Mobile games are available in diverse nature. Thus, they must undergo thorough security testing for mobile games. There, the NFTs are based on decentralization which ensures higher security levels. With a better sense of ownership, gamers can easily avoid hacking issues for their in-game assets as NFT. The decentralisation makes it hard for hackers to intervene in the network as there is no single server that holds the data. This puts NFT game development to the advantage of game development.
The industry with a base of more than 2.7 billion users and is still rising. NFT game development company is experiencing high levels of success due to its uniqueness and anonymity in its attributes. If you are looking for experts for your NFT game development project, Our NFT game developers at Creatiosoft can help you. Our expert veteran NFT game developers have delivered several business-oriented solutions. You can contact Us or write an email at sales@creatiosoft.com. You may WhatsApp us as well at +91-8860912115.
Frequently Asked Questions
1. What is NFT gaming?
NFT gaming is growing as the play-to-earn gaming model. This type of gaming model brings the players to earn rewards by playing the game. The players can trade these in-game rewards for real cryptocurrency or in the real world.
2. What are the standards used in NFT Gaming Development?
With NFT game development, we are using extensive standards. These standards are ERC-20 and ERC-721 token standards.
3. What do your NFT gaming development services comprise?
Our NFT game development services include the following services
- real-world assets,
- asset tokenization,
- tokenized identification cards, etc.
These assets can be trading cards, game characters, weapons, gaming accessories, and much more.
4. Can a game be an NFT?
Non-Fungible Tokens, or NFTs just the certificates or authentication of digital items that are available in limited numbers. In games, the following items can be traded as NFT
- collectables,
- avatars,
- characters,
- weapons, etc.
5. How can I contact Creatiosoft with my NFT Game Development idea?
You can Connect with Us through the contact form available at creatiosoft.com. You can also send an email directly to sales@creatiosoft.com or WhatsApp or call us at +91-8860912115. We will revert you by mail or call you for your request.
