NFT Games have revolutionized online gaming. In the third quarter of 2021, The NFT gaming industry generated $2.32 in revenue Because many players have realized the potential of the industry. Another report indicates that blockchain gaming companies Generated over $3.3 billion in 2021from small amounts in the previous year.
The biggest factor attributed to the increasing success of NFT games is the potential to win players in the industry. Before the advent of these digital asset games, online video games had no financial rewards. However, since the emergence of NFT fever in 2021, players can do so Earn up to $1 million annuallybut that’s not all in NFT cipher games.
Behind the scenes, NFT Gaming is implementing Software as a Service (SaaS) to deliver further advancements in gaming. How does all this work? This article tells you exactly how NFT coding gaming is paving the way for a new era of online gaming and how SaaS technology fits right in the middle.
What is a 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 had to do manually or mentally.
There are many diverse applications of SaaS in modern technology. Technologies like Siri or Slack are good examples of how software can be used to deliver a specific service. Crypto game companies are also turning to SaaS to help create cutting-edge NFT games that herald a new era of online gaming.
Games like STEPN, The Sandbox, and Illuvium have created new game strategies and rewards that have proven useful in online games. Could you Check out this list of blockchain games here In Chainplay to watch more amazing games.
How NFT Games are using SaaS to revolutionize online gaming
Powered by SaaS technology, NFTs have put a new edge on online gaming. What was once a predictable industry, with little room for actual change, has become an area of many opportunities.
Let’s explore some of the game-changing developments that NFT crypto games are bringing to the online gaming arena.
1. Player-Based Income
Before the advent of NFT games, it was almost impossible for gamers to make money directly from their gaming initiatives. The easiest way to make money while playing games online is to stream on sites like Twitch or become a YouTube reviewer and hopefully get sponsorship and advice from fans.
For most people, this was not worth the effort. Gamers who enjoy games and nothing else will not spend hours playing and more hours trying to grow a fan base just to make unexpected money.
However, thanks to SaaS, it is now possible to create absolutely easily non-fungible tokens and monetize them for player benefits. NFTs have introduced the proprietary digital aspect of online gaming. Players can now own the assets in their online games and flip them for real money through the game and NFT marketplaces.
2. Create a sustainable game
Creating high-quality online games at an affordable price was a challenge. 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 to advertise. Despite this, the company cannot be sure of the game’s earnings until its launch.
Even with a successful launch, the game may not have an active online community, and earnings may drop, 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 project. All it takes is one game to get to the top and one game to go bankrupt.
However, with NFT games, things are a little simpler. For a start, game development is not as expensive as decentralized SaaS applications like Dapper Labs, which simplifies NFT game creation, reducing build time and cost. Building a fan base is also easier using SaaS platforms like Discord, where game developers can grow the community.
The decentralized nature of NFT games also allows players to contribute what they would like to see in the game. This reduces the odds that the number of players will decrease over time. Overall, this makes NFT game creation more sustainable, something that online games can benefit from.
3. Increase creativity and diversity
The complexity of making online games limits their creativity and diversity. Although there are many online game titles and genres, the gameplay is mostly the same, and there is rarely much difference in anything other than the stories and graphics. But that all changes with NFT games.
Using cutting edge SaaS technology, NFT Games has made it possible for online games to be as creative as the player’s imagination. Virtual reality games like 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 creativity, and offer an impeccable variety to other players.
This level of in-game creativity will go a long way in revitalizing the online gaming industry. It is no longer necessary for online games to have one story all the time. They can now infuse the game design aspects of player creation and plot twists that make things come alive. Many online gaming titles have faced this challenge. Games like The Witcher 3 now have a story mode that unfolds completely differently based on the player’s decisions.
NFT Games is the future of online gaming
Online gaming as we know it is about to turn into a mixture of NFT gaming and what it was before. Popular games like NBA2K13 experimented with the idea of in-game currencies and microtransactions to keep revenue streams flowing. Such games refer to the influence of NFT games on online games. They also point out that there are new things in store for the world of online gaming.