The gaming industry has come a long way since its inception. From the early days of arcade machines and console games to today’s immersive virtual reality experiences, technology has enabled gaming to become an ever-evolving form of entertainment.
But the most exciting development in recent years is blockchain and cryptocurrency gaming, revolutionizing the industry like never before.
Blockchain-based games provide players with unprecedented levels of ownership, security, and control over their digital assets while allowing developers to build innovative new game types that were previously impossible. On the other hand, crypto gaming has advantages, such as the play-to-earn concept and faster transaction times.
If you are planning to jump into the gaming industry and looking for crypto or blockchain game development services, this article is for you. This article will explore the core differences between crypto gaming and blockchain gaming so you can make an informed decision.
What exactly are blockchain-based games?
Blockchain-based games are a new form of gaming that utilizes blockchain technology to give players complete control over their digital assets. As a result, these games provide a higher level of ownership, security, and privacy while also allowing developers to create innovative game types that were previously impossible.
Blockchain-based games offer many advantages, such as provable fairness, in-game economies, and the ability to trade virtual items with other players. Moreover, they often have an element of competition where players compete against each other to earn rewards.
As blockchain is a decentralised system, player data is stored on the blockchain instead of a central server. It means that transactions are more secure, and players have complete control and a higher transparency of their data.
Enterprises can go for the best-hire blockchain game developers and create such games with the help of distributed ledger technology. Below are the key distinctive features of blockchain gaming that differ them from the crypto gaming ecosystem:
Highly secure and connected gaming experience:
Using blockchain technology, developers can create a secure and connected gaming experience for players. It is because transactions are stored on the blockchain and cannot be tampered with. Moreover, it will become streamlined for companies to build and retain trust in the gaming community.
When gamers know their data is secure and their assets are safe, they can fully engage in the game without fear of fraud or manipulation. In addition, the scalability becomes much better with blockchain-based games as it allows developers to create games that can handle large numbers of players without crashing.
In-game economies and asset collection:
Players can earn rewards in the form of virtual items, which they can trade with other players. These rewards can then be used to upgrade their character or buy new add-ons. It creates an in-game economy and allows players to collect virtual assets.
Blockchain-based games also enable players to trade their digital assets with real-world value, allowing them to gain real-world profits from gaming activities. In addition, firms can hire game developers to create an out-of-the-box gaming experience with blockchain technology.
Leverage of NFT marketplace:
Non-fungible tokens (NFTs) are digital assets stored on the blockchain. They are unique and cannot be divided into smaller pieces. It makes them perfect for game use, as each token can represent an individual asset or item with its attributes.
NFTs also allow developers to create a marketplace website where players can buy and sell digital assets. It adds value to the game, as users can use their virtual assets for tangible gains. There are several NFT use cases in blockchain games, such as owning and trading virtual land, vehicles, and collectibles.
Advantages of Blockchain Gaming Platforms:
The following are the advantages of using blockchain technology in gaming platforms:
Low Fees: Interacting with a blockchain platform is much cheaper than dealing with a middleman. This is because blockchain transactions don’t require third-party services, leading to far lower fees.
Security: Blockchain technology is based on a secure and transparent ledger system. All information stored is encrypted, which makes it safe from malicious software and hacking attempts.
Decentralized Platforms: Blockchain gaming platforms are decentralized, meaning that they don’t require a single controlling entity. This increases the speed of transactions, as well as eliminates any associated risks with centralization.
Transparency: With blockchain technology, players can easily track their transactions. This helps to ensure that the gaming platform is fair and provides transparency to all participants.
Smart Contracts: Smart contracts are self-executing digital contracts that contain the terms of an agreement between a buyer and seller. This technology can be used to help regulate gaming activities, ensuring that players are not cheated or manipulated.
What are crypto games, and why are they so popular right now?
Several companies are rushing to hire crypto gaming developers, leading to only one question — why is it so popular now? Crypto games are a form of gaming that uses the blockchain technology underlying cryptocurrencies such as Bitcoin or Ethereum.
Crypto games offer an innovative way to play and win real money. Using digital cryptocurrency, players can purchase in-game items, such as characters or power-ups. They can use their tokens to trade with other players or even win rewards by participating in tournaments.
The blockchain technology underlying cryptocurrency is highly secure, meaning players can enjoy a safe gaming experience. Additionally, crypto games are provably fair and 100% transparent, allowing players to ensure that the game is not rigged.
Crypto games are becoming increasingly popular among gamers due to their ability to monetize in-game assets. Players are also drawn to their potential for real-world profits, as well as the ability to collect and trade digital items with real-world value.
These advantages make crypto games an attractive option for gamers and developers alike. If you are planning to develop a crypto-gaming platform, you will enjoy these unique benefits of the crypto-game ecosystem:
Effective use of NFT tokens:
Enterprises can leverage NFT game development solutions to create an in-game economy where players can buy and sell items. This allows developers to monetize their gameplay while allowing users to trade assets with real-world value.
Using NFT tokens also lets developers develop a sense of exclusivity and rarity in their game while providing users with a secure and transparent platform to trade digital items. Moreover, it encourages user engagement by allowing players to show off their collection of virtual objects.
Smart contract integration:
Developers can leverage smart contracts to create a trustless gaming experience. Smart contract code stores and executes gaming logic, ensuring that all rules are enforced automatically. In addition, using ERC-20, ERC-721, and other token standards allows developers to create secure in-game economies and marketplaces.
Smart contracts utilization helps companies automate the gaming process, reduce the number of disputes and provide a highly secure gaming environment. Furthermore, it makes it easier for developers to verify transactions on the blockchain, ensuring that all virtual items remain secure.
Commission-based gaming model:
Crypto games provide a new way to monetize gaming platforms. Instead of charging users a fee, developers can take a commission from each transaction made in the game. It allows companies to generate revenue without relying on intrusive ads or subscription fees.
The commission-based model is highly sustainable because it ensures that both players and developers receive a cut of the profits. Furthermore, it encourages users to keep playing by providing rewards for in-game activities.
Advantages of Crypto gaming platform:
Below are some advantages of using cryptocurrency in gaming platforms:
Faster Transactions: Cryptocurrency allows for faster payment processing and transactions compared to other forms of payment while eliminating the need for intermediaries.
Quick Payments: Transactions are processed in real time, which allows gamers to receive their winnings quickly.
Low Transaction Fees: Transactions with cryptocurrency are cheaper than traditional bank transactions, as they don’t require any third-party services.
Increased Anonymity: Cryptocurrency allows for more anonymity when making payments, which is important for gamers who want to remain anonymous while playing.
Fair Gaming: Using cryptocurrency eliminates the need for middlemen and ensures that gaming is fair and transparent. All games are run on secure, decentralized platforms, which ensures that all players have equal chances of winning.
If you’re planning to hire a metaverse development company for your next crypto or blockchain-based game project, you should expect to spend anywhere from $40,000 to $300,000 for blockchain game development.
On the other hand, for crypto gaming development, the cost can range between $25,000 to $60,000. These development cost figures can vary depending on various direct and indirect features like:
Game design and artwork:
Game design and artwork include character design, animation, environment creation, level design, and more. It’s important to remember that the more complex the game is, the higher the cost will be.
As mentioned, developers can use multiple technologies to create their games, such as HTML5, Unity, CryptoKitties SDK, etc. Depending on the technology used, the development cost can vary substantially.
The number of developers working on the project is also essential in determining development costs. You may need two or three developers for a crypto game, whereas, for a blockchain game, you may need to hire five or six developers. You need to have an experienced company like Auxano Global Services to get started with game development. Get a quote now!
Why hire Auxano Global Services for blockchain or crypto game development?
Auxano Global Services is the top game development company offering blockchain and crypto game development solutions. We provide bespoke mobile game development services to help enterprises create engaging and exciting games.
We have an experienced team of game designers, developers, illustrators, storytellers, and testers who will work with you to create a high-quality game experience. Our team is well-versed in the latest technologies and has extensive experience working with blockchain and cryptocurrency applications.
Crypto gaming and blockchain gaming are two different but related aspects of the growing metaverse industry. Both provide players with unique ways to engage in games and use cryptocurrencies. It’s the right time to launch a blockchain or crypto game, as the technology is still nascent, and developers are already making great strides in introducing new gaming experiences.
Frequently Asked Questions
1. What are the differences between Crypto Gaming and Blockchain Gaming?
The main difference between crypto gaming and blockchain gaming is that the latter uses blockchain technology to record and store game data. In contrast, crypto gaming uses digital currencies such as Bitcoin or Ethereum.
2. How much does it cost to develop a blockchain or a crypto-based game?
The cost of developing a blockchain or crypto-based game can range from $40,000 to $300,000, depending on the game’s complexity. However, the price varies on multiple factors, so it’s better to go for the quotation first.
3. Will blockchain or crypto-based games require a new payment system?
No, blockchain and crypto-based games don’t require implementing a new payment system. Instead, they mainly use cryptocurrencies, like Bitcoin or Ethereum, to facilitate transactions in the game.
4. Will blockchain and crypto gaming be relevant in 2023 and beyond?
Yes, blockchain and crypto gaming will continue to be relevant in the years ahead. As more game players get on board with this new paradigm, we can expect exciting new ways to engage with games and interact with each other.
5. What kind of companies can benefit from blockchain or crypto-based gaming?
Any company looking to expand its reach, increase customer engagement, and offer a more immersive gaming experience can benefit from blockchain or crypto-based gaming.