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Platforms incorporating the non-fungible tokens (NFTs) are NFT Games. An annual report from Blockchain Game Alliance reports that NFT games have generated $5.17billion (in 2021), with $2.32billion in the third quarter alone. The numbers are projected to witness a considerable increase Year-over-Year (YoY).
Numbers like these depict only one thing: people prefer the integration of NFTs in traditional gaming platforms.
This blog post comprehends the NFT gaming development and where the investors can put their capital within the industry.
Investment Benefits of NFT Gaming Development
Developing an NFT game is primarily for entertaining blockchain enthusiasts. However, it isn’t just that! Fund-seeking crypto projects can also embrace NFT Gaming to raise capital. Do you wonder, how? Harnessing the power of blockchain technology allows the gaming platform owners to bestow one-of-a-kind uniqueness with their NFTs.
NFT buyers shall take the investor’s cap with their timely investment into NFT gaming projects. When many people buy NFTs within an NFT gaming platform, developers can earn a share of the buying price. The bigger the number of sales, the more money the developers make. In addition, game creators can rely on special events, seasonal promotions, and in-app purchases to generate revenue.
Player-turned-Investors Could Spearhead the Trend
NFT gaming platforms prioritize their communities in two ways. One - these platforms bestow players with community-backed governance possibilities. Second - they allow their players to cash in on their NFTs through multiple ways. One such way is lending NFTs to others, thereby monetizing the in-game assets for the time being.
Take the NFT game Aiza World (for instance), which facilitates the “loan-for-play” option within the platform. Aiza World is a pioneer in the field of non-financial collateralized loans (NFTs). The gaming platform leads players in the direction of being worry-free about financial problems. Aiza World takes a community-first approach to let the players leverage their underutilized assets.
Not just Aiza World, Axie Infinity from Sky Mavis deploys barrier-free ways to facilitate gamers. People that are anxious to play and make a living can rent in-game assets and axies to get started or level up. Returning to the lender, a portion of the prizes they obtain in the game. The lender is compensated, the player is compensated, and the gaming ecology continues to thrive. Guilds were formed in reaction to this circumstance in locations like the Philippines.
Quartet of Investment Opportunities
Here are four major ways to invest in an NFT Gaming platform to reap the benefits of blockchain technology:
1. Investing in Gaming Development Companies
Developers are the industry's content creators. They take concepts into reality, utilizing cutting-edge technology to produce engaging, dynamic gaming that captures and holds people's attention. Similarly, the developers are the creators of their games. They frequently serve as referees in their gaming communities, responsible for ensuring good behavior.
Investing in an NFT Gaming Development company means you're partaking in a company's equity. It directly implies that you enjoy a residual claim in the company's future profit flows and, most importantly, gain voting rights in its decision-making process.
2. Investing in Utility-driven NFTs
While some gaming platforms embed short-form utilities, a few others incorporate long-term utilities. Utilities rely on a gaming platform’s characteristics, investment potential, underlying technology, etc. Before investing, you need to remember one thing: ensure that the NFT gaming platforms have built-in secondary marketplaces to monetize the tokens.
3. Investing in Metaverse-inspired NFT Games
NFT Gaming Development bestows multi-channel investment opportunities to the gaming-frenzy community. If you’re a gamer-cum-investor, sift through this all-investment blog!
The term "metaverse" refers to technologies that allow people to participate in connected digital worlds. A Metaverse-inspired NFT game has unique characters and stories and cutting-edge graphics and animations to provide a joyful digital experience. As users navigate an ecosystem of competing products, the Metaverse effortlessly mixes gaming, virtual reality, live-streaming, cryptocurrencies, and social networking.
4. Building A Gaming NFT Marketplace
With the introduction of in-game currencies, gaming platforms let the players monetize their game time. On the other hand, in-game markets are marketplaces where individual players can buy, sell, and exchange in-game products for real money. To come up with a reasonable price for the item, this form of investing would necessitate a great deal of knowledge about the game, rarity, and condition of the goods they are selling.
While you invest in NFT games, beware of pump-and-dump schemes circling around the NFT space. Wonder how to get rid of such risks? You can follow the universal risk-averse approach: Do Your Own Research (DYOR) before making any kind of investment.
Marianne Johnson is a Blockchain & Applications Developer, fielding her expertise in the blockchain space since 2015. Marianne loves demystifying technical blockchain concepts in layman’s language. She also takes the investment advisory’s cap now and then at Blockchain Development Company. Look at their Gamut of Services here like NFT & NFT Gaming Development, Marketing services and so on.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.