What’s the difference between traditional and NFT gaming? Well, correct. As opposed to the former, which often requires you to pay to win, the latter encompasses a play-to-earn element allowing players to gain financial profit from entertainment. But here arises a fundamental question — where should players be able to trade the earned items?
Nowadays, NFT gaming marketplaces gradually flood the web, especially its 3.0 version, as rumor has it. In the context of major shifts, fueled by blockchain, immersive technology, IoT, and cloud computing, crypto marketplaces are gaining momentum. When it comes to gaming, such trading platforms ensure extra value for players who seek profit.
With multiple NFT game development services available on the market, there must be no difficulty building a similar platform for your audience to reap maximum benefits of NFT gaming. This article will provide useful hints on how to develop your own NFT game marketplace and keep it alive even when the trends change.
What do you know about digital collectibles? Standing for a non-fungible token, an NFT implies a cryptocurrency like Bitcoin but with one essential exception — each token is unique and can’t be replaced with another. But what are NFT games? These represent a category of visual entertainment products offering a play-to-earn model. In other words, people play such games not only for pleasure but also to gain valuable in-game items.
Notably, gaming NFT marketplaces will be in great demand in the near future owing to the spread of blockchain technologies and cryptocurrencies as the industry is shifting toward decentralized platforms. NFT game marketplaces function as regular trading platforms where players can buy and sell in-game assets in the form of non-fungible tokens.
More specifically, the audience plays your NFT game and accumulates some unique items like weapons, characters, etc. As soon as they intend to sell them and get, say, Ethereum in return, you should be able to provide them with such an opportunity by offering a reliable NFT marketplace with a strong supportive community.
Prior to the revolution of NFTs, in-game assets couldn’t be digitally owned to the fullest extent. Nevertheless, today you can genuinely own a certain game item and even trade it on a marketplace. Thanks to certificates of ownership and smart contracts, your players will avail themselves of a chance to become the true owners of virtual objects.
There are both implicit and explicit aspects one must be aware of before commencing the gaming NFT marketplace development. Mainly, hiring a team of professional developers, including the ones specialized in blockchain technology, may prove a tough challenge. However, you can definitely opt for outsourcing as a cost-effective model that facilitates a more reasonable resource allocation and enables you to focus exclusively on creative tasks.
Another hurdle worthy of being noted before you jump straight into development is competition. Research the market and find your target audience beforehand. In case you already have one, carry out a survey or merely analyze it in order to identify their interests, priorities, and gaming preferences. That’s how you gain a competitive edge and please the audience by ensuring an engaging gameplay as well as building a reliable NFT marketplace.
Ultimately, the primary purpose behind NFT game marketplaces lies in tokenizing in-game items and enabling players to do anything they want with what they’ve earned outside of your NFT game. Building a marketplace upon a blockchain isn’t a piece of cake, so you should better outsource this work to professionals in order to be able to get involved in tasks requiring less technical yet more customer-oriented facets.
Once you finish the NFT gaming platform development, it’s time to proceed to develop a supporting marketplace according to the following pipeline:
Stage 1: Front-end
Stage 2: Back-end
Beyond question, the presented pipeline isn’t the ultimate one, presupposing that you can work with both back- and front-end aspects of your marketplace simultaneously or start with a server or blockchain side of your product. Additionally, keep in mind you can also scale your project and broaden the marketplace with a large metaverse. Just find a professional metaverse game development company whose team knows the score in building similar solutions to avoid any technical mistakes.
Modern NFT game companies know by heart that their products must have a marketplace for the good of players. Hence, in order to build a reliable trading platform for your NFT game, it’s necessary to include the following features in your marketplace:
Now as you’ve gained insight into how everything works from all perspectives, you can select a gaming NFT marketplace development company with more confidence. Game-Ace is a capable studio that houses experts with profound expertise, which makes us a trusted game development company in the industry. With specialization in NFT games and metaverses, we can do real magic.
In order to take advantage of our experience and mastery, just contact us to take one step forward to your own NFT game marketplace!