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Even though the market for blockchain-based games with NFTs isn’t growing, more and more people are trying them out. Dappradar says that in the first quarter of 2022, venture capitalists put more than $2.5 billion into blockchain gaming. Since more people are using Web3 and more money is being put into the industry, now is a good time to find a Web3 Development Firm in the United States.
Getting the Blockchain Industry Stronger
Recent data shows that the video game industry grows by 10% yearly and is bigger than the music, TV, and film industries. The rental income for the gaming industry is $100 billion per year. The economy of this sector is expected to reach $1 trillion in the next few years because of web3.
Still, the industry has to face and overcome several problems.
Liquidity Problems
People have gotten better at understanding what orders, or requests for trades, mean in the NFT market as the number of NFT gaming platforms in the US and elsewhere has grown.
Even the NFT market will keep the maker orders in an order book until a taker order comes in. “Taker order” is the name for the second order.
A market’s liquidity can be judged by how easy it is to fill a maker order.
Most NFT markets are building their order books with liquidity that is kept separate. Because of this, many NFT games have a serious problem, but blockchains like Immutable X are working on solutions, such as a centralized global protocol-level order book.
“Big Data” and “Blockchains”
Even though the cryptocurrency market is in a bear market, new information shows that blockchain gaming is still popular. Some of the most popular protocols used in online games are WAX, Hive, BNB Smart Chain, Solana, and Ronin.
Wax and Binance Smart Chain are more interesting to their users than the other five because they have fast transaction speeds and low fees. To make NFT games in the US, choose the right blockchain.
Make a Unique NFT Gaming Platform
An Excellent User Interface
Trading in blockchain games can be done between businesses or between consumers. But most games only care about making a user interface good for B2C. For a better business-to-consumer user experience, the gaming interface needs a wallet and easy ways to buy things in-game. The game should also have APIs for web2 companies to use in B2B interactions (B2B).
Safety
Hackers attacked DeFi in the first half of 2022 and caused $1.4 billion in damage. This is a huge step forward for player safety in blockchain games because of what we learned. By using blockchain on systems with built-in security features, like zk-rollups, bridges won’t be able to make security worse.
Design for Scalable Economies
A large-scale “play-to-earn” economy can be made by combining gaming with blockchain technology.
Players get access to in-game content and make NFTs trade with other players or sell on NFT marketplaces by playing games. So, gamers can now get paid to play games.
People in many countries can now play games that pay them money, which is a good way to get started in the freelance economy.
As games like Axie Infinity became more popular, their prices went up when they first came out. Guilds like YGG and Guidi will help gamers who can’t afford the initial investment.
Users like the software more now that they can borrow virtual characters to play games with or make better. More projects like this one need to grow for the cryptocurrency gaming market to grow.
Conclusion
In the last few months, there has been an increase in the number of people who play blockchain games and invest in them. This is it if you’ve been waiting patiently for a chance to get into the market. The market is growing at a rate that has never been seen before.
A professional web3 games development company that makes web3 games can help you reach your business goals. Since the development company offers services that are focused on business, they can help make your dreams come true.
