The rapid rise in popularity of blockchain games is altering the Web3 gaming environment. They combine income and fun, making blockchain games profitable for gamers.
The creation of a blockchain-based game offers play-to-earn opportunities in addition to an engaging gaming experience for the users. As a result, there is a rising demand for them, which gives the business owners of the game numerous prospects for profit.
The market for blockchain games is currently valued at $4.6 billion as of 2022, and it is anticipated to reach $65.7 billion by 2027, growing at a CAGR of 70.3% over that period. Given its potential, it goes without saying that the market is attracting a lot of attention from investors.
But how much does it cost to create a Blockchain game? You need to have a thorough understanding of the variables that affect how much these games cost in order to invest in this market. To assist you in determining the most practical budget, we have covered every component of the cost to develop a blockchain game in detail.
The Concept Of Blockchain Game Development
The creation of video games based on blockchain technology is known as blockchain game development. The digital assets that players acquire via their involvement in the game and either earn or purchase belong entirely to them. Blockchain games are based on a player-driven, decentralized market where player demand determines the value of the assets.
Factors Influencing Cost Of Blockchain Game Development
The price of developing a blockchain game is determined by a number of variables. The design of the gaming world and legal compliance both play a significant part in how well received the game is. An initial estimate is typically made based on the client’s requirements, but the real costs may change throughout the process for a variety of reasons. Here are a few of the elements that are essential to the overall cost of creating blockchain games.
The Development Team’s Location
The entire cost factor greatly depends on where the game development team is located. From one country to another, game developers charge differently by the hour or per project. As a result, it will also have an impact on the overall cost of developing blockchain games. In general, costs are greater in Western Europe and America while being somewhat lower in Asia, Eastern Europe, and Australia for game production. To work in unison with the team, you must take into account cost-effectiveness as well as the time zone, cultural, and language obstacles.
The creation of the game design document is the first step in the game design and conception process. The genre, plot, gameplay elements, and all design information will be included. The cost of game production rises along with game complexity in terms of time and team size. The price increases in accordance with the game developers’ expertise and experience.
Blockchain Network Selection And Security
The costs and the complexity of development differ for various blockchain platforms. Fees, the integration procedure, and the resources needed for development all incur costs. Graphics, sound effects, scripting, and designing are all included in the development. The complexity of these elements and the quantity of participants in the process have a significant impact on the price.
To enable the players to trade with the assets while they play, the NFT marketplace must be incorporated. The price of integrating the NFT market relies on both the quantity and complexity of the NFTs. The cost is increased by the artwork and the use of information for smart contracts.
Integration of smart contracts is crucial for blockchain games. It guarantees that the gamers are fully informed about the legitimacy and background of the asset. Smart contracts are used to secure asset ownership as well. Smart contracts that are detailed and elaborate frequently include information on intricate game dynamics, object interaction, and intricate laws. These require more time and skill to create, which affects the overall costs.
The cost breakdown for developing blockchain games is also influenced by the integration and customization of crypto wallets. The services offered for game creation include wallet integration. The designers of the game will analyze your needs in order to customize the crypto wallet’s features and user interface. It is necessary to store, purchase, sell, trade, and receive cryptocurrency for in-game items.
The requirements for scalability and the back0end also raise the price of game creation. The cost will increase when infrastructure is built. It will be necessary to integrate servers, databases, and APIs for better scalability. This raises the price of the infrastructure.
To avoid bugs, extensive testing must be done repeatedly. Additionally, it facilitates the game’s operation and streamlining. Depending on how complicated the game is, testing costs vary. The price is also influenced by the quantity of testers used. Additionally, in-depth testing is necessary to enhance the security features of blockchain games. This covers functional testing, performance testing, security audits, and vulnerability analysis, among other things. Testing frequently calls for more resources and specialized knowledge, which raises the price of developing blockchain games.
Legal Compliance And Regulations
The rules and legal requirements pertaining to blockchain assets and trade are last but certainly not least. This will entail KYC processes, legal advice, and jurisdiction-specific details. Additionally, these cost extra money because of the game production process.
What Are the Benefits Of Blockchain Game Development For Developers?
The benefits of hiring a blockchain game development company to build the platform for you include the following:
Blockchain gaming is still in its infancy, but it is growing in popularity. Early adopters can see value increase and growth even before the technology becomes widely used.
The token value will rise as the game becomes more well-known.
Get creative with your revenue schemes so you can draw in more players and perhaps make some money for the investors and game creators who are holding the tokens.
Gain access to a worldwide market as the blockchain marketplace and games are not geographically constrained.
According to an IBM study, owners can anticipate a 20% ROI after 4-5 years of Blockchain project development and a 50% ROI after 10 years.
Blockchain Game Development Cost On The Basis Of Game Architecture
The three main types of blockchain game architecture are monolithic, layered, and hybrid. Here are some examples of how various blockchain game architectures may affect final costs:
Integrated Game Architecture
The initial development is made simpler by the monolithic architecture. However, when this style is followed, performing updates to each component gets harder as time goes on. Even after the original version is launched, this will have a long-term effect on the development costs you spend.
Stratified Game Architecture
The many elements and features of the blockchain game are arranged in layers or tiers, with each layer having a specific role. The layered game architecture is the name of this structure. To make the game easier to play, the layers interact. The presentation layer, application layer, smart contract layer, and blockchain layer are among the layers that make up the game. The initial cost of developing a blockchain game rises due to the format’s complexity and need for specialized talents. But in terms of scalability and integration, it is a long-term economical option.
Hybrid Game Architecture
The layered format and the hybrid game architecture share certain commonalities. The top levels are separated in hybrid game architecture, which aids in differentiating between a decentralized stack and a centralized one. The Simple Hybrid and Advanced Hybrid architectures are the two basic types. Scalability in hybrid game architecture is also possible. The decentralized characteristics are handled via the blockchain components.
Cost Estimation For Blockchain Game Development
The game studio is best positioned to estimate the cost of developing a blockchain game. For each step of the game production process, a rough estimate is given while keeping in mind the criteria mentioned above.
Designing a blockchain app or piece of software: $10k to 15k
Cost of Blockchain Development: $40 to 65K
Cost of deployment: $15k- 20k
Cost of integration: $10k- 12k
Cost of maintenance: $1500 to 4k
Project Directors: $25-40/ Hour
Testers and the Quality Assurance Team: $5000- $8000
The price of developing a blockchain game might range from $45K to $65,K. The many elements discussed here have a substantial impact on the development process’s associated costs. You may guarantee the project’s success by working with a professional blockchain game development company.