Making video games has evolved from a side endeavor to a multi-billion dollar source of income over the previous two decades. Today, more than only big developers benefit from this income. By 2026, the worldwide gaming market is anticipate to reach $314 billion, according to Yahoo Finance. The paradigm of the gaming industry has shifted as a result of the development of blockchain technologies.
As the market valuation for all P2E tokens currently exceeds $20 billion and is rising, the play-to-earn concept is incredibly popular and in high demand, and many gaming companies, cryptocurrency investors, and venture capitalists are considering an investment in a play-to-earn game. How much would creating such a game cost?
What kind of games are play for money?
The gaming business has undergone a change due to the rise of play-to-earn games. While playing games on their computers or smartphones, players can now make money using non-fungible tokens (NFTs) or fungible ones. The P2E approach allows users to simply play the game and earn their way to those products, in contrast to typical games where users must deposit real money in order to purchase items.
Users create value when playing P2E games in a variety of in-game formats, and this value is typically incorporate in the form of crypto tokens. In Axie Infinity, for instance, users create "little love potions" that may be exchange for real money. On NFT marketplaces in Sorare, the actual football players' cards can be purchase. All P2E games follow the same logic, which is as follows:
- Players make some "fiat" investments to purchase in-game assets.
- Players are interacting with a game and earning more in-game currency than they have spent.
- Players can trade in their in-game cash for "fiat" money.
There are many similarities between traditional game creation and the process of creating a P2E game. The primary distinction is the tokenomics in-game economy. It is a brand-new value exchange infrastructure that enables users to generate value in the form of crypto tokens and trade that value for fiat money or other crypto tokens. Developers must utilize blockchain technology and smart contracts, which define the guidelines for using NFTs, in order to implement NFTs in games.
NFT game development phases
Only a few years ago, NFT games would have seemed impossible, but with the growth of cryptocurrencies, they are now swiftly gaining popularity among gamers. Blockchain games have become incredibly popular and changed how players engage with games. But how can you create an NFT game and make it successful? Here is our succinct, step-by-step instruction manual to help you with the development process.
Clarify your app concept
At this phase, you must specify exactly what you plan to construct. Here are some helpful queries to assist you in focusing your game ideas:
- What kind of game are you intending to create?
- Exist any apps in the market that are comparable?
- How will you make money off of your NFT game?
It's best to conduct market research, analyze market trends, and look for blockchain- or non-blockchain-based games that are comparable to your app idea. This can assist you in laying a strong basis for the growth of your game. Examine its advantages and disadvantages as well as what functions well and poorly in particular situations. When you figure out how to do something better, playing games like these can inspire you to do it even better.
Remember to consider design. The foundation of user acquisition for NFT games is app design. You won't likely draw many players if your game doesn't have eye-catching graphics.
Improve your gaming.
You won't have to stress about the development process if you work with us. We relieve you of the burden of the development process. With the aid of cutting-edge tools and technologies like blockchains, smart contracts, cryptocurrency exchanges, in-game tokens, and integration with crypto and fiat payment systems, our engineers will convert your game concepts into a fully-functional NFT game.
To ensure the correct operation of your game, the QA team must undertake a number of tests. Usability, important user stories, tokenomics, engagement mechanics, notifications, the fluidity of the actual gaming, penetration testing, security testing, load balancing testing—everything needs to be examined. Everything must be considered because any error or bug after a launch may harm your reputation and business.
Support and deployment
You can now reveal your P2E game to the public. But more than simply development is needed for your game to be a success. Before launch, think about starting your marketing campaign and user engagement programs.
P2E game development team
Furthermore, various professionals are need for each stage of the creation of your P2E game. Therefore, you have three options: engage freelancers, outsource to a blockchain development business, or assemble an internal team.
QA testers, graphic designers, and blockchain architects are needed, although they are not necessarily involved in the entire process. In actuality, between 10% and 15% of the entire development process involves blockchain. The number of professionals needed to construct your p2e game relies on a variety of variables, like the game's nature, complexity, platform type, etc.
A typical development team needed to create a straightforward P2P game consists of:
- Project directors
- Business experts
- Front-end programmers
- backend programmers
- Blockchain creators
- UI specialists
- game creators
- QA specialists
How much does creating a P2E game cost?
Bring your app idea to life with a team of specialists as game development is a multi-stage process. Therefore, it's not a simple question that game makers can immediately respond to. Since there are so many variables that might affect project costs, such as the degree of complexity, game genre, scenario complexity, number of platforms, animation complexity, etc., the final cost cannot be predict in advance.
Undoubtedly, anyone can download free game development tools and make a game for amusement, but not one that can be play for money. It takes a thorough understanding of coding conventions, blockchain specifics, and in-game economics to create blockchain games. The gaming industry is worth many billions of dollars, and creating a hit game is difficult.
You must be aware that game development could take up to 9 months until you receive something that resembles a P2E game before sharing the P2E Game Development Cost.
Additional game elements that affect how much it costs to create a play-to-earn game
- several players
- Mechanisms for competition and esports
- cross-game and in-game store
- incredibly realistic visuals
- Tokenomics and fresh gameplay mechanics
- an abundance of options for a player
- premium cut scenes
- Ballpark figures for the price of a P2E game
An independent video game created without the assistance of a publisher is known as an indie game. If we're talking about independent games, you need budget between $250k and $750k. The higher figure represents a full development team working on a game for more than two years. As you hire more people or shorten the time to market, the cost rises.
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The term "AAA game development" refers to the creation and distribution of high-profile, expensive video games by renowned game publishers. Although its creation costs millions of dollars, the potential rewards are substantial. The majority of AAA games require big teams of over 100 individuals to work on them for several years. For instance, massive studios and millions of money are use to create the Call of Duty video games.
Indies and triple-A games are mix together. Triple I games benefit from the indie games' innovation and the AAA games' larger budgets. The majority of the time, development costs fall between $1 million and $10 million. Numerous factors, many of which were already mention, affect how much a project would ultimately cost.
The price of developing a play-to-earn game will depend on the features included; you could make a simple independent game with only a few levels and minimal animations, or you could make a more ambitious strategy or 3D mobile game with a large cast of characters, thousands of unique items, challenging levels, etc. Such a project's development costs can be 10–20 times more than those of a mini-game.
To sum up
Without knowing the number of platforms, type of game, and other crucial information, it is impossible to estimate a project's costs. A P2E game can take years to produce on average, and project expenses can easily reach millions of dollars. Additionally, there are a number of factors that can change the overall cost of creating a play-to-earn game along the route.
We are setting the bar for blockchain gaming technology. We are a Web3 Game Development company and have developed numerous blockchain-based projects in a number of industries.