Development of crypto-games on the blockchain

The gaming industry is growing rapidly and is currently valued at $173 billion. According to some analysts, over the next 5 years, this figure may increase to $300 billion.

At the same time, gamers are a separate category of users. They always positively perceive the release of new products, actively master new game mechanics and, in general, are a very loyal audience. This makes investing in game dev especially attractive.

Blockchain games are applications based on blockchain technology that use non-fungible tokens as part of the in-game process. For example, most of the characters, objects, and items in such a game are NFTs. This means that they are unique and can only belong to one person at a time.

In addition, to provide an internal economy in blockchain games, fungible tokens are often used, which perform the task of an internal currency to ensure transactions. Depending on the financial model of the project, they can be purchased for cryptocurrency or earned through in-game farming.

Crypto games can run on different operating systems including Windows, Mac, Android and IOS. In most cases, they are built around one of three main mechanics:

• Mystery Boxes. It involves the sale of “Mystery Boxes” to players, which, with a certain degree of probability, may include NFTs of different values.

• Play-to-earn. Literally translated “play to earn”. In this case, players get the opportunity to make real money – when they achieve in-game success, they earn an internal token, which can later be exchanged on crypto exchanges and even withdrawn to fiat.
• Pay-to-earn. It translates as “Pay to earn”. The point is that players buy various collectible objects in the NFT format – non-fungible tokens, and in the future they can resell them for a greater value to other participants in the gameplay.

In some projects, these mechanics are combined, such as in the popular game “Stepn”. Here, in order to start earning tokens according to the play-to-earn model, a gamer needs to purchase a starting NFT. In addition, during the gameplay, a person can optionally buy “Boxes” in order to get a more valuable token.

According to a recent report by DappRadar, since the beginning of 2021, the number of games created on the basis of blockchain technology has increased by 2000%, which corresponds to 52% of all blockchain activity. In addition, over a year and a half, such projects have attracted more than 1.22 million unique active wallets.

Such a surge in popularity for crypto-games is quite justified, because, in addition to the possibility of real earnings, they give gamers a number of significant advantages. Let’s consider the main ones in more detail.

Transaction speed and commissions

Transactions within the blockchain network are processed almost instantly, while they do not have a commission, which is usually charged by intermediaries – traditional payment systems. Therefore, in-game payments become significantly cheaper for gamers, regardless of the country in which they live.

Positive gaming experience

Even though most games are made for the purpose of entertainment, there is always a risk of cheating on traditional gaming platforms. For example, the BBC recently reported that some hackers sold cheat codes to gamers for such well-known projects as Call of Duty and Overwatch, which helped the attackers earn about $76 million. Of course, this does not make the gameplay enjoyable for casual players.

Due to decentralization, the blockchain has no points of failure, which makes it virtually invulnerable to hacks and hacker attacks.

Enhanced Security

Blockchain is a decentralized technology that is almost impossible to hack. It is one of the most reliable ways to protect the user’s personal data and transactions.

Genuine ownership of in-game assets

The real value of users’ in-game assets can reach thousands, and even millions of dollars. However, in traditional games, ownership of such elements can be revoked by the developers, either on purpose or by accident. In such a situation, the user cannot feel completely protected.

With blockchain, the situation is completely different. In this case, the authenticity of ownership of the asset is confirmed using a cryptographic key, and no one, not even the creator of the game, can influence this in any way.

Decentralized decision making

Most games are controlled by developers. They unilaterally set the rules, release updates that affect the gameplay and force them to install, which can be negatively perceived by the gamers themselves. In addition, if desired, developers can even close the project if they see fit. However, with the blockchain, the power is transferred to the players, and through voting, they themselves decide on the implementation of any changes. A blockchain game can be completely closed only when all users decide to abandon it and delete it from their devices.

Blockchain technology has fundamentally changed the approach to game development. If you want to invest in an innovative product that millions of gamers around the world can use, contact AVADA MEDIA. Our team has all the necessary skills, and most importantly, experience in developing and launching such projects.

Working with us, you can be sure that your every requirement will be guaranteed to be implemented from a technical point of view. At the same time, we always remain open to dialogue and are ready to discuss new ideas and options for their solution at different stages of production. This approach allows us to create truly worthwhile products that attract the attention of a wide audience.