How NFT Crypto games are paving the way for a new era of online gaming
NFT games are revolutionizing online gaming. In the third quarter of 2021, the NFT gaming industry achieved revenue as high as $2.32 because many players realized the industry’s potential. Another report indicates that blockchain gaming companies generated over $3.3 billion in 2021, rising from negligible amounts the previous year.
The biggest factor attributed to the growing success of NFT gaming is the industry’s earning potential for players. Before these digital asset games came along, online video games had no monetary rewards. However, since the rise of NFT fever in 2021, players can earn up to $1 million annually, but that’s not all there is to NFT crypto gaming.
Behind the scenes, NFT Gaming uses Software as a Service (SaaS) to deliver more gaming advancements. So how does this all work? This article tells you exactly how NFT crypto games are paving the way for a new era of online gaming and how SaaS technology fits right in.
What is SaaS?
SaaS is a term coined to refer to the use of software to automate and run various services. Think of it as programming a computer or device to perform a task that you would otherwise have had to do manually or mentally.
There are many different applications of SaaS in modern technology. Technologies such as Siri or Slack are good examples of how software is used to offer a specific service. Crypto gaming companies are also turning to SaaS to help create groundbreaking NFT games that usher in a new era of online gaming.
Games such as STEPN, The Sandbox and Illuvium have developed new game and reward strategies that prove useful in online gaming. You can check out this blockchain games list here on Chainplay to see more impressive games.
How NFT games are using SaaS to revolutionize online gaming
With the support of SaaS technology, NFTs have set a new edge in online gaming. What was once a predictable industry, with little room for actual change, has become a playing field for a range of possibilities.
Let’s explore some game-changing advancements that NFT crypto games are bringing to the online gaming sphere.
1. Player-centric income
Before the rise of NFT gaming, it was almost impossible for players to make money directly from their gaming initiatives. The easiest way to make money while playing online games is to stream on sites like Twitch or become a YouTube reviewer and hope to get sponsorships and tips from fans.
For most, this was not worth the effort. Gamers who like games and nothing else would not spend hours on games and more hours trying to grow a fan base just to make an unpredictable amount of money.
However, courtesy of SaaS, it is now possible to create non-fungible tokens with absolute ease and monetize them for player benefits. NFTs have introduced the aspect of digital ownership to online gaming. Players can now own assets in their online games and flip them for real money through in-game and NFT markets.
2. Sustainable game creation
It has been a challenge to create quality online games at an affordable price. Usually, for a game company to release a quality game online, it takes years of work and millions of dollars to create the original game and millions more for advertising. Despite this, the company cannot be sure of the game’s profit before launch.
Even with a successful launch, the game may not have an active online community and profits may increase, despite spending a lot of time and money to create the game, as is the case with games like Hitman and Mankind Divided. This makes online gaming a very unsustainable venture. All it takes is one game to get to the top and one game to go bankrupt.
But with NFT games, things are a little easier. To begin with, game development is not as expensive as decentralized SaaS applications such as Dapper Labs, which simplify the creation of NFT games, reducing production time and costs. Creating a fan base is also easier using SaaS platforms like Discord, where game developers can grow their community.
The decentralized nature of NFT games also allows players to contribute to what they want to see in the game. This reduces the chances of declining player numbers over time. Overall, this makes NFT game creation more sustainable, something online gaming can benefit from.
3. Increased creativity and variety
The complexity of creating online games limits the scope of creativity and variety they have. Although there are several online game titles and genres, the gameplay is largely the same, and there is rarely much variation in anything other than storylines and graphics. But all this changes with the NFT games.
Using cutting-edge SaaS technology, NFT Gaming has enabled online gaming to be as creative as a player’s imagination. Virtual reality games such as Decentraland have enabled players to design their own in-game experience. In such games, players can create their own game worlds, write their own stories, monetize their creations, and offer other players impeccable variety.
This level of in-game creativity will help spice up the online gaming industry. Online games no longer need to have one story throughout. They can now add aspects of player-generated game design and plot twists that liven things up. Several online game titles have taken up this challenge. Games like The Witcher 3 now have a story mode that unfolds completely differently based on the player’s decisions.
NFT games are the future of online gaming
Online gaming as we know it is turning into a mix of NFT games and what they once were. Popular games like NBA2K13 experimented with the idea of in-game currencies and microtransactions to maintain revenue streams. Such games indicate the impact NFT games have on online gaming. They also mean that new things are in store for the online gaming world.
