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However, forward-thinking developers can also build on myNFT - an all-inclusive, multi-chain NFT marketplace that supports tokens on multiple blockchains and introduces an interesting new auction mechanism to the industry known as GBM.Īs a game developer, building on these existing marketplaces offers many benefits. With the industry still fragmented, many of these marketplaces are built on specific blockchains - essentially limiting their access to NFTs on other chains. Today, we have an incredible number of NFT marketplaces available.

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Related: How to Become a Successful Gaming Entrepreneur The pros and cons Unless your platform has reached an inflection point where it is attracting users, this might not be a prudent decision. That said, you should also consider the risks. Using the Axie marketplace, players directly sell their Axies and other digital collectibles - all without having to leave the game.Īs a game developer, you also have the option to build a marketplace directly, which allows players to buy and sell their in-game NFTs. One of the biggest reasons why Axie Infinity became so popular was that it managed to build an economy with its NFTs. Having a custom NFT marketplace allows you to own all of your game's assets, making it even more compelling for your players to stay within the game. However, there is one key question you need to keep in mind: Do you build an NFT marketplace or not? And, if you're an up-and-coming developer, being able to plug into this will go a long way in helping you achieve optimal growth. Right now, there is no denying that NFTs will be a huge part of the future of gaming. Related: How NFTs Drive Brand Engagement and Opportunity Game developers: To build a marketplace or not? The metaverse space is nascent for now, but there is a lot of potential for growth. Possible metaverse access: With games looking to create expanded universes, NFTs are expected to play a larger role in the this future. Several games allow their players to customize their armor and guns, but games are now developing these accessories as NFTs that players can purchase and use directly. You can build out your hero based on your vision and even export this design and sell it on a marketplace.Īccessorizing: In gaming, it is also important to use accessories. Some of them include:Ĭharacter development: Games now allow players to build and customize their in-game characters. With cross-chain support coming to marketplaces like myNFT, the landscape for NFT marketplaces is also growing.īut, despite the growth of earning opportunities, NFTs also provide additional benefits for gaming enthusiasts. Of course, this isn't to say that regular marketplaces have become less attractive. The latter marks a shift in how most NFT creators traditionally sell their tokens: on regular NFT marketplaces. Every Axie is an NFT, and you can sell it for fiat currency on the Axie marketplace. The rules are simple: When you beat someone else's Axie, it belongs to you. Players battle with Axies - or rather, digital pets - that they grow and breed. Related: 4 Retention Lessons For a Successful Monetization Strategy The model is much better than traditional games, which held assets only on the platforms, where players could trade them for digital coins that held no fiat value. With NFTs, players can easily own assets in these games and trade them for fiat money. Now it is possible to earn money while playing your favorite games.

The play-to-earn model has made gaming essentially more attractive to players. The appeal of NFTs in gaming is quite apparent: The play-to-earn model has entirely swept the landscape, rewarding players with gameplay and financial incentives. The sales of these assets have risen significantly and are expected to be in the billion-dollar region by 2025. NFT gaming is one of the fastest-growing subsections of the entire NFT space. Related: 3 Ways NFT Gaming Is Building New Wealth Opportunities How NFTS have revolutionized gaming Whether building a native NFT gaming marketplace is necessarily the right move. Let's discuss how NFTs have revolutionized the gaming industry and In all the lessons learned, one thing remains the same - before you build out NFT features, you must have a reliable and attractive platform that draws people in. Results have been mixed, with some developers seeing impressive success while others have been relative duds. And as expected, many of them have jumped on the train and are now using NFTs on their gaming platforms. Following the success of Axie Infinity, Decentraland, and other platforms, game developers can see that NFTs provide a great way to make money and monetize the hype surrounding their games. As we've now seen, NFTs have also infiltrated the gaming space.