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How do you choose blockchain technology for your NFT game?

Maciej Zieliński

10 Jun 2022
How do you choose blockchain technology for your NFT game?
  • Is the right technology for your NFT game everything?
  • Blockchain technology for your NFT game - choosing the tools 
  • Choose a forward-thinking technology 
  • Focus on smart contracts 
  • The best blockchains for NFT game development
  • Summary
Table of Contents

NFT games are gaining popularity among fans of this type of entertainment, as well as people who are interested in the cryptocurrency and blockchain sector. The creation of the game itself should be based on several factors that will affect its potential success. What to pay special attention to? We write about it in our latest guide! 

Is the right blockchain technology for an NFT game everything?

Nowadays, more and more games based on various blockchain solutions, as well as related to smart contracts, are being developed. Nevertheless, behind this kind of entertainment, some developers know that there is a whole team of right people behind the success of the project. How to choose blockchain technology for your NFT game? This is just one of the questions you need to know the answer to. First of all, create a team of people who are familiar with the following technologies:

  • DApp
  • JavaScript. 
  • HTML 
  • CSS
  • Angular 
  • React.js.

People who have expertise in these industries are programmers, UI designers, graphic designers, and program testers. For this, it's best to choose a company that has professionals in the aforementioned fields, as picking random freelancers will likely make your project chaotic. Moreover, hiring Freelancers makes the responsibility for their actions rest on your shoulders. Choosing a company that specializes in blockchain technology is the best practice, as the corporation in question has structures and employees who will take care of the project and constantly monitor its development. 

Blockchain technology for NFT game - choice of tools 

The most popular blockchain for creating NFT games is Ethereum. Although there are also other solutions on the market that allow you to create an NFT game professionally (more on that later), here are some additional aids that will make the project done with due diligence: 

  • MetaMask - is a type of Ethereum wallet. What should be noted, it can be treated as a browser extension. Many entities running on Ethereum use MetaMask to store Ethers. Moreover, it is used to implement and execute smart contracts. Additionally, MetaMask is a place of communication between developers and the blockchain. MetaMask is considered a secure and standards-based system: 
  1. -ERC-20 
  2. -ERC-721.

  • Ganache - Ganache is a popular program for testing the created application. It is a component provided with Truffle Suite tools.
  • Web3.js - This is one of the more popular JavaScript APIs of Ethereum. It is also a collection of important databases and libraries. It allows developers to interfere with remote or local Ethereum nodes. 
  • Truffle- is a toolkit that has a wide range of applications. It allows you to create and implement smart contracts, which are the basis of a good NFT game. 
  • Remix: Remix is a popular DApp solution that is used to code Solidity smart contracts for Ethereum. 
  • Ropsten Test Network - This is where you will test the smart contracts you have created. 

Choose a technology by thinking ahead 

When looking for the best blockchain technology for your NFT, you need to consider several parameters. Here are the elements you need to evaluate prospectively:  

  • Fork - Remember that it is the uniqueness and rarity of NFTs that makes them so valuable. A hard fork would pose a serious threat to these aspects as the sanctity of NFTs would be questioned in such a case. It is important to note that NFTs in the "old" blockchain could eventually devalue completely. Therefore, it is important to create NFTs on blockchains that are fork-proof. 
  • Smart contracts - The robustness of smart contracts is a key factor when it comes to the overall security of blockchain technology. Therefore, writing bug-free, clean and secure code is crucial. We mentioned the above applications that can analyze them. This is important because smart contracts need to undergo rigorous and complex testing to know that the user is experiencing the highest level of NFT play, performance, and resistance to potential bugs or attacks. 
  • Token Development Costs and Transaction Costs - In addition to the issues we have discussed so far, there is one more issue to consider - cost-effectiveness. When doing NFT-based transactions, you need cost-effective solutions because they don't always involve multi-million dollar transactions. Gaming consists of small items, characters, skins, equipment, etc. Make it safe and profitable to trade them. Microtransactions are king in this case when it comes to settlement. 
  • Security - This is probably the most important factor you need to consider when creating an NFT game. Blockchains are vulnerable to many types of attacks such as man-in-the-middle. How to solve this problem? Note that platforms running with a proof-of-work consensus mechanism are generally more vulnerable to attacks where attackers can control a large portion of the network's computing power. The result of such an action is loss of account access, data, and money. It is worth implementing alternative consensus mechanisms such as proof-of-stake.
  • Speed of transactions - this is the factor behind the success of a well-built NFT game. The transfer of payments between entities should be immediate, transparent, and, above all, secure. 

Focus on smart contracts 

It is worth developing smart contracts for the right front-end functions and cryptocurrency tokens. To code them, follow these steps:

  • Review smart contracts from gaming projects that inspire you. 
  • Use the Remix IDE to code them.
  • Keep it simple. This will make it easier for you to debug them. 
  • Sort smart contracts with tools from Truffle. 

Remember that once you implement smart contracts, you won't be able to make modifications to them. This means that you need to test them well and conduct a robust audit. This is not a simple task, as you need to perform the following steps, among others: 

  • Locking down the source code;
  • Understanding the project and studying the project documentation;
  • Initial code review;
  • Static code analysis;
  • Code quality analysis;
  • Detection of common vulnerabilities;
  • Functionality analysis and many more. 

So, invest in a company that has experts who can analyze the above information as it will save you time and money. 

Best blockchains for NFT game development

When we have seen several different elements to consider when looking for the best blockchain for NFT game development must move on to specific solutions.

Below are the most popular blockchains that will help you succeed in gaming: 

  • FLOW - This is a developer-friendly blockchain, especially when it comes to creating marketplaces and digital assets. The platform strives for scalability with updated smart contracts written in the Cadence programming language. It is worth noting that Flow supports a multi-node architecture for collection, verification, enforcement, and consensus, which greatly streamlines the entire NFT development process. 
  • Ethereum - is currently one of the most popular technologies used in the NFT gaming industry. Many leading NFT marketplaces are using the Ethereum network, including Decentraland, SuperRare, OpenSea, and Rarible. This solution is extremely popular because it is simple and transparent. Basically - you just upload a file and fill in some details.
  • Tezos - The last option to consider is Tezos, which is a blockchain with an NFT marketplace called TRUESA. TRUESA's main goal is to reduce its carbon footprint. According to official information, the platform consumes 2,000,000 times less energy compared to other NFT systems because it optimizes CPU usage. If you are eco, then you can count on Tezos as an important partner in your activities and green approach to NFT development.

Summary

Gaming and cryptocurrencies is an industry that complements each other. Blockchain technology itself is still characterized by a kind of freshness and ongoing discovery. It provides functionality, transparency, and security. However, it is hard to find companies and developers who have years of experience in it. When creating an NFT game, analyze not only your idea in terms of storyline, playability, and graphics but mainly the technology and the team that will help implement and test it. No game, regardless of the storyline, will be able to succeed if it is flawed or fails to provide capital security and account access to its users. This is why it is so important to create it perfectly from start to finish. 

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.

Tagi

Nextrope Partners with Hacken to Enhance Blockchain Security

Miłosz

21 Nov 2024
Nextrope Partners with Hacken to Enhance Blockchain Security
Location: Gdynia, Poland
Date: November 12, 2024

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!

Tagi