NFT game development – everything you need to know before launching your own project

Maciej Zieliński

14 Dec 2021
NFT game development – everything you need to know before launching your own project

NFT games might be the hottest trend in the whole gaming industry right now. If you consider joining it, read our guide, where we summarized their creation step by step. Check out experts’ insight on NFT game development.

Table of contents:

  • What are NFTs?
  • NFT and Gamming Assets
  • Advantages of NFT that the gaming industry may use 
  • NFT game development step by step
  • Hiring an NFT game development company

NFT games - why does it make sense?

What sounded unbelievable just a few years ago, is slowly becoming a mainstream reality today. Blockchain games have gained significant popularity. They revolutionize popular gaming genres by redefining the way we think about gaming assets and in-game purchases.

But besides hype, what exactly does make NFT a good choice for the gaming business?

NFT - what are they?

NFT stands for Non Fungible Tokens. But what does it mean? Among various blockchain token types, we differentiate between fungible and non-fungible tokens. (You can read here more about token types

Examples of the first kind are Bitcoin or Ether. Fungible means that a single token is indistinguishable from others in the same ecosystem. Just like in regular currency. Thus, they can be used for payment transactions.

NFT’s non-fungibility means that every token in the system is unique. NFTs don’t have a common value and often do not allow for an equal exchange (NFT for NFT). Each token represents unique information of ownership or identity.  

In the blockchain world, NFTs are digital assets that represent a unique digital or real item. How can we use them in the game ecosystem?

NFT and game assets
NFT and game assets

NFT and game assets

The gaming industry is a powerful branch fueled by its consumers’ passion. When gamers launch their favorite title, they immerse themselves in a new, alternative world. A quick look at the most popular games of the last decade, like League of Legends, Fortnite, or Counter-Strike, should be enough to see how modern gamers care about their characters, skins, and other in-game items. They treat them as an extension of their creative self. And what’s important, they can pay a lot for it.

The will to build a collection of unique items is nothing new. The games have shown us how far beyond the real world this phenomenon could extend. But do the purchased gaming collectibles become their property? Do these items differ somehow from the ones possessed by others? What is the true asset value? Often the answer is not so simple. During the last few months, NFTs showed us that they might change that. 

Everywhere where users collect and trade virtual gaming assets, NFTs can highly improve their gaming experience. Essentially, they assure players about the authenticity and scarcity of gaming assets and allow them to keep full ownership of the purchased assets. 

Collectible games seem to be a perfect environment for NFTs. That’s why we have seen a rapid growth of projects of such type during the last year. Yet, the potential of NFT gaming solutions goes far beyond them. Just think about online board games or PVP battle games. 

As an example, let’s take multiplayer games like the aforementioned LOL or Fortnite. Possessed skins and champions are of great importance to the players. Saving such virtual assets as NFTs would bring tremendous new possibilities. What if the players had complete control over the ownership rights to their game assets?

NFT game development - advantages
NFT game development - advantages

NFTs’ most important characteristics for gaming platform

  • Scarcity 
  • Verifiability 
  • Transparency 
  • Immutability 

Advantages of NFT gaming platform

  • Launching an NFT game can offer significant revenue-generating opportunities.
  • Demand for in-game assets increases its native token value.
  • Players can sell their virtual assets on a free market.
  • Players are assured about the scarcity of their virtual assets.
  • Thanks to NFT, implementing a play-to-earn model is possible.
  • Earning possibilities attract many players to NFT game platforms.
  • The current hype around NFT may be used as a driving force for your marketing campaigns. 

NFT gaming platform development step by step

NFT games design
NFT games design

Design

Define your idea 

What type of game do you want to build? Will it be a card game or maybe an RPG? Besides the genre, you have to decide its topic. Those will be the first steps of your own NFT gaming platform development.

When you determine these factors, try to find similar non-blockchain games. They will be a great starting point. Examine what worked in their cases and use them as an inspiration. 

In which games NFTs may be useful? 

You would be surprised how varied NFT games can be. Below, in brief, we summarized games’ genres where NFT usage would make sense:

  • Action Games
  • Adventure Games 
  • PvP Battle Games
  • Arcade Games
  • Online Board Games
  • Casino Games
  • Card Games
  • Fantasy Sports
  • Racing Games
  • Sports Games
  • Simulations Games

Bring creatives to your team 

It sounds a bit obvious, but in the NFT industry design seems to be everything. The same goes for the NFT gaming platform. Without interesting graphics, your game probably won’t attract many players. 

Do you think that creating appealing pixel art shouldn’t be difficult? You couldn’t be more wrong. Even a simple design requires skills and experience, without which your project will be simply dull and unsightly. Hence, don’t forget about artists that will bring your game to a new level. 

NFT game development
NFT game development

Development

Decide between a mobile app and a web app

This is one of the first questions you will have to answer approaching NFT gaming platform development. Both options have several pros and cons. 

Firstly, web apps are highly available and more accessible for a broader audience. On the other hand, mobile apps offer more features and are usually faster than web apps. Yet, the process of their creation is more time-consuming. 

If you decide on a mobile app, you will have to choose between native and non-native apps. While the first type is designed for a specific operating system, the second works on all of them. But at the same time, it doesn’t have access to functionalities, such as camera access or notifications.

Choose your game environment

To which blockchain will you connect your NFT game? While most of the NFT games use Ethereum Blockchain, there are alternatives worth considering. Check, for example, Solana Blockchain, which offers promising possibilities for NFT development. 

Also, even within just Ethereum, you have numerous different Layer 2 solutions that may increase the speed and accessibility of your NFT game. One that is definitely worth considering in the case of NFT games is Immutable X, designed specifically to support projects of this type.  

Frontend 

Most NFT games have their frontend done in Javascript or Typescript. As for the framework, the choice is between React and Vue. The majority of game developers use the first one. Angular is also an option, yet for most projects, it’s simply too heavy considering their needs. 

Connection with wallets 

Your NFT game should be connected with at least one of the available crypto wallets to allow players to safely store their NFTs. Most projects during NFT game development choose MetaMask

MetaMask offers certain advantages: it’s non-custodial and can store NFTs. Therefore it's extremely popular among NFT holders.

Backend 

For NFT game development Node.js is one of the most popular options as a backend language of NFT gaming platform solutions. 

Testing 

Rinkeby or Ropsten Testnet are reasonable options for testing NFT games. Yet, they’re definitely not the only ones. 

Launching and distribution 

After testing your app on a testnet you will want to deploy it to the main Blockchain network (mainnet). Don’t rush here, as there are several threats that may disturb this process. Give yourself time to properly test everything before. Here you can find a useful guide for the Ethereum network. 

But the success of your NFT game requires far more than just completing NFT game development. You mustn’t forget about a strong marketing strategy. Consider starting users’ engagement before you will eventually launch your game. Think about creating content, discord channels, Reddit groups. In the end community, you build may turn out to be extremely useful for further development. 

NFT game development company - Nextrope

Above we briefly summarize tools and programming languages that can be used during NFT gaming platform development. Yet, every project is unique and has its own requirement. Therefore, your development team should be able to adjust to those needs, as well as be prepared to overcome unpredicted obstacles that may emerge.

Furthermore, if you consider launching your own NFT game, you should be aware that its success requires skills and knowledge regarding both the technical and business sides of the Blockchain industry. That’s why many projects decide to hire an external blockchain company as a technological partner.

At Nextrope, we can call ourselves pioneers of Blockchain technology in CEE. We conducted one of the first tokenization in the world and since that we keep up to date with the industry. NFT games aren’t an exception. 

Do you want to know how Nextrope’s team can boost your NFT game on a new level? Feel free to contact our specialists who will gladly answer all your questions.

Tagi

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Aethir Tokenomics – Case Study

Kajetan Olas

22 Nov 2024
Aethir Tokenomics – Case Study

Authors of the contents are not affiliated to the reviewed project in any way and none of the information presented should be taken as financial advice.

In this article we analyze tokenomics of Aethir - a project providing on-demand cloud compute resources for the AI, Gaming, and virtualized compute sectors.
Aethir aims to aggregate enterprise-grade GPUs from multiple providers into a DePIN (Decentralized Physical Infrastructure Network). Its competitive edge comes from utlizing the GPUs for very specific use-cases, such as low-latency rendering for online games.
Due to decentralized nature of its infrastructure Aethir can meet the demands of online-gaming in any region. This is especially important for some gamer-abundant regions in Asia with underdeveloped cloud infrastructure that causes high latency ("lags").
We will analyze Aethir's tokenomics, give our opinion on what was done well, and provide specific recommendations on how to improve it.

Evaluation Summary

Aethir Tokenomics Structure

The total supply of ATH tokens is capped at 42 billion ATH. This fixed cap provides a predictable supply environment, and the complete emissions schedule is listed here. As of November 2024 there are approximately 5.2 Billion ATH in circulation. In a year from now (November 2025), the circulating supply will almost triple, and will amount to approximately 15 Billion ATH. By November 2028, today's circulating supply will be diluted by around 86%.

From an investor standpoint the rational decision would be to stake their tokens and hope for rewards that will balance the inflation. Currently the estimated APR for 3-year staking is 195% and for 4-year staking APR is 261%. The rewards are paid out weekly. Furthermore, stakers can expect to get additional rewards from partnered AI projects.

Staking Incentives

Rewards are calculated based on the staking duration and staked amount. These factors are equally important and they linearly influence weekly rewards. This means that someone who stakes 100 ATH for 2 weeks will have the same weekly rewards as someone who stakes 200 ATH for 1 week. This mechanism greatly emphasizes long-term holding. That's because holding a token makes sense only if you go for long-term staking. E.g. a whale staking $200k with 1 week lockup. will have the same weekly rewards as person staking $1k with 4 year lockup. Furthermore the ATH staking rewards are fixed and divided among stakers. Therefore Increase of user base is likely to come with decrease in rewards.
We believe the main weak-point of Aethirs staking is the lack of equivalency between rewards paid out to the users and value generated for the protocol as a result of staking.

Token Distribution

The token distribution of $ATH is well designed and comes with long vesting time-frames. 18-month cliff and 36-moths subsequent linear vesting is applied to team's allocation. This is higher than industry standard and is a sign of long-term commitment.

  • Checkers and Compute Providers: 50%
  • Ecosystem: 15%
  • Team: 12.5%
  • Investors: 11.5%
  • Airdrop: 6%
  • Advisors: 5%

Aethir's airdrop is divided into 3 phases to ensure that only loyal users get rewarded. This mechanism is very-well thought and we rate it highly. It fosters high community engagement within the first months of the project and sets the ground for potentially giving more-control to the DAO.

Governance and Community-Led Development

Aethir’s governance model promotes community-led decision-making in a very practical way. Instead of rushing with creation of a DAO for PR and marketing purposes Aethir is trying to make it the right way. They support projects building on their infrastructure and regularly share updates with their community in the most professional manner.

We believe Aethir would benefit from implementing reputation boosted voting. An example of such system is described here. The core assumption is to abandon the simplistic: 1 token = 1 vote and go towards: Votes = tokens * reputation_based_multiplication_factor.

In the attached example, reputation_based_multiplication_factor rises exponentially with the number of standard deviations above norm, with regard to user's rating. For compute compute providers at Aethir, user's rating could be replaced by provider's uptime.

Perspectives for the future

While it's important to analyze aspects such as supply-side tokenomics, or governance, we must keep in mind that 95% of project's success depends on demand-side. In this regard the outlook for Aethir may be very bright. The project declares $36M annual reccuring revenue. Revenue like this is very rare in the web3 space. Many projects are not able to generate any revenue after succesfull ICO event, due to lack fo product-market-fit.

If you're looking to create a robust tokenomics model and go through institutional-grade testing please reach out to contact@nextrope.com. Our team is ready to help you with the token engineering process and ensure your project’s resilience in the long term.

Nextrope Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security

Nextrope announces a strategic partnership with Hacken, a renowned blockchain security auditor. It marks a significant step in delivering reliable decentralized solutions. After several successful collaborations resulting in flawless smart contract audits, the alliance solidifies the synergy between Nextrope's innovative blockchain development and Hacken's top-tier security auditing services. Together, we aim to set new benchmarks, ensuring that security is an integral part of blockchain technology.

Strengthening Blockchain Security

The partnership aims to fortify the security protocols within blockchain ecosystems. By integrating Hacken's comprehensive security audits with Nextrope's cutting-edge blockchain solutions, we are poised to offer unparalleled security features in our projects.

"Blockchain security should never be an afterthought"

"Our partnership with Hacken underscores our dedication to embedding security at the core of our blockchain solutions. Together, we're building a safer future for the industry."

said Mateusz Mach, CEO of Nextrope

About Nextrope

Nextrope is a forward-thinking blockchain development house specializing in creating innovative solutions for businesses worldwide. With a team of experienced developers and blockchain experts, Nextrope delivers high-quality, scalable, and secure blockchain applications tailored to meet the unique needs of each client.

About Hacken

Hacken is a leading blockchain security auditor known for its rigorous smart contract audits and security assessments. With a mission to make the industry safer, Hacken provides complex security services that help companies identify and mitigate vulnerabilities in their applications.

Looking Ahead

As a joint mission, both Nextrope and Hacken are committed to continuous innovation. We look forward to the exciting opportunities this partnership will bring and are eager to implement a more secure blockchain environment for all.

For more information, please contact:

Nextrope

Hacken

Join us on our journey to deliver top-notch blockchain tech and a safer future for the industry!