NFT game development company

NFTs (Non-Fungible Tokens) are unique digital certificates stored on a blockchain. In games, NFTs represent ownership of in-game items like characters, skins, or virtual land. Players can buy, sell, or trade these on marketplaces, potentially earning real-world value. Many NFT game development companies are creating games that leverage this technology to offer new ways to play and own digital assets.

Yes, you can outsource to an NFT game company like Juego Studios. These companies specialize in creating games that utilize NFTs for in-game items and economies. They can handle the entire development process, from concept to post-launch.

An NFT gaming platform development company offers services like:

• Game design and development
• Blockchain integration
• NFT marketplace development
• Smart contract development and auditing
• UI/UX design
• Post-launch maintenance and support

In NFT game design, you can create a variety of NFTs that enhance the gaming experience and offer players unique value. These NFTs include characters, equipment, land, collectibles, skins, badges, virtual pets, and in-game currency.

Game development time varies depending on complexity, art style, and blockchain integration. Most NFT game development companies estimate 6 months to 2+ years. Discussing your project in detail for a more precise time frame is better.

An NFT game development company may charge you depending on game complexity, features, functionalities, art style, animation quality, and development team location. You must have a detailed discussion with the project managers to get more clarity and avoid future discrepancies.

Before we explain the difference between fungible and non-fungible tokens, we must understand what tokens are.

Most of the time, Tokens represent something in the real world. Hence, these are of real value. In addition, tokens are hosted on the blockchain. Also, tokens can serve multiple purposes. For instance, there are tokens for governance in DAOs, access to certain perks, and exchange value.

Now let’s have a look at what fungible and non-fungible tokens are.

Fungible tokens are interchangeable tokens. In this context, it means that one token is equal to another. One analogy for this is money in the real world because one note of the same value is the same as another. Even though the notes are different, if the store of value is the same, one will do as well as the other.

In addition, fungible tokens are not unique in any way.

On the other hand, Non-Fungible Tokens (NFTs) are not interchangeable. Meaning one NFT is not equal or the same as the other. Each of them is unique.

Hence, NFTs are used to prove that somebody owns a particular asset. Because of this, NFTs have a lot of use cases. These include (but are not limited to) proof of ownership of digital artworks, in-app purchases inside games, and tickets to virtual events.

Nowadays, there are dedicated NFT marketplaces from where users can obtain NFTs of different types for different use cases.

The number one reason is this: quality.

Because gaming is competitive, only the best games get ahead and monetize. This statement is especially true for P2E games, as many aspiring individuals and companies are trying to explore this relatively new form of gaming.

So, the team that works on the game must have certain factors to ensure the final game is of good quality. Below are some of the qualities that are characteristics of top P2E NFT game development companies:

Experience

The experience of the company in NFT game development is a significant predictor. P2E NFT game might be a new phenomenon. But game development is not. So, an excellent P2E NFT gaming company must have prior experience in NFT game development.

Also, this is because beginners lack of experience to create quality NFT gaming. To improve gaming experience, one must learn a lot about the industry and what the target audience wants. Both of these are gained through experience.

So, an experienced NFT game development company can help you craft quality P2E gaming experiences that people engage with.

Design Expertise

Game design is also a crucial element in P2E game development. Because creating a core loop that is centered around the P2E element is tricky. It requires the designer to carefully manage between providing a gameplay experience and guaranteeing an opportunity to learn.

There is a lot involved here. The core loop, for instance, is determined a lot by the genre of the P2E game. A P2E game of the RPG genre might have a core loop entirely different from a game in the puzzle genre.

The designers must also create balanced game economies for the P2E game’s ecosystem. Economic principles like scarcity also greatly determine the value players can derive from these games.

Blockchain and NFT Expertise

Blockchain and NFTs are critical elements in P2E games. The tricky thing about this is, not all developers have experience in these two domains.

In P2E gaming, expertise in domains is reflected in different areas. For example, creating tokens that players can convert to crypto to monetize their gaming experience is one. Knowledge of the latest tokenization standards for creating NFTs and other tokens is another. The third is the creation of NFT marketplaces where players can buy, sell, and trade valuable digital assets, including NFTs.

A good P2E NFT game development company would have experience in these domains.

Structured Process

The process your team will follow is a significant predictor of how well your game will be. Because in P2E game development, people from numerous game development domains are involved. If the process of the team follows does not enable easier collaboration, the result will be a buggy game that no one wants to play.

In addition, the process also becomes important when you consider how much involvement you would have. If, as a client, your involvement is not a huge aspect of the overall product process, then the team would deviate from the original vision you had. As a result, you might end up with a game opposite of what you want.

A good P2E game development company would have a tried and tested process that their team uses to create engaging games. It would help the team and you work together and make the quality output you want.

NFT marketplaces allow users to buy, sell, and trade NFTs.

Different marketplaces have different features and requirements. Some of them, for instance, are marketplaces hosting numerous NFTs. Others, meanwhile, might stick to a particular type of NFT, like art or game assets (as in the case of in-game NFT marketplaces.) Likewise, some NFT marketplaces are open to everyone, while others make memberships exclusive.

The Crucial Elements in an NFT Marketplace

No matter what the type is, there are a few elements that are part of NFT marketplaces.

● Blockchain

NFTs can be hosted in different blockchains because many have added support due to the popularization of NFTs. However, each blockchain has its positives and drawbacks, and the blockchain of choice for NFT marketplace development is a crucial decision.

● Digital Wallets

Digital wallets hold the keys to the cryptocurrencies that one has. Therefore, NFT marketplaces must have support for the best wallets. Because to purchase NFTs that the users are interested in, they would need to spend cryptocurrency. Vice versa, if the seller needs to sell an NFT and make money in return.

● Storage

The storage of vast numbers of NFTs in a marketplace is also crucial. The most common method is IPFS (Interplanetary File System.) IPFS is a peer-to-peer network that splits files and spreads them among numerous users,

preventing them from being vulnerable to security breaches and privacy violations as other storage methods.

● NFT Metadata

NFT metadata is data about the NFTs. This can include the name of the NFTs, the details of the creators, the transaction history, and more.

● Smart Contracts

Smart contracts are automated programs that execute once a set of pre-determined conditions are met. In terms of NFT marketplaces, these are vital to transferring the ownership of NFTs once a sale is made, without the marketplace manually initiating the sale.

The Multi-Step Process of NFT Marketplace Development

There is a multi-step process behind the creation of NFT marketplaces.

● Prototyping

The creation of the initial ideas of the marketplace. During this stage, only the bare minimum features are integrated. This is because the intention of a prototype is not to release it to the public but to test the feasibility of the idea to determine if it is good enough to warrant further development.

● Development

During this stage, the different features of the marketplace are developed. In addition, the basic infrastructure of the marketplace is also determined.

To do this in the best way possible, one needs developers with the best development frameworks and in-depth knowledge of blockchain.

● Testing

During this stage, the quality engineers would test the marketplace exhaustively. This team would check all the features to ensure everything

works as per the intention, vision, and documentation. The team might also draw up test plans to do this most efficiently.

● Release

Once the testing is completed, and all the features are determined to be in workable condition, the marketplace is released. People authorized to access can then buy, trade, and sell NFTs.

● Maintenance

Post-release, the team conducts routine checks to ensure the marketplace runs as intended, without downtime or major bugs. At this stage, the team will also incorporate user feedback to improve the overall user experience for the better.