Hey there, fellow gaming enthusiasts! As we dive into the world of Web3 gaming, it’s essential to recognize the potential for revolutionizing player experiences, virtual asset ownership, and innovative monetization models. But, of course, this exciting journey comes with its fair share of challenges. So, let’s uncover key challenges and solutions to bring your game to market faster and deliver an unparalleled experience.
User-Friendly Web3 and Quality Games
When it comes to Web3 adoption in gaming, we need to make blockchain technologies more accessible and user-friendly. Think back to the early days of the internet –dial-up modems and no search engines! It takes time to create seamless user experiences with Web3.
Additionally, developing high-quality games is no easy feat. In general, games take years to create and have a high risk of failure, especially AAA titles. So, even with significant investments in the Web3 gaming industry in 2021/2022, it’ll be a few years before we see exceptional titles emerge. Its still early!
Moreover,Web3 game developers must balance entertaining game mechanics with well-designed economies. This means avoiding pay-to-win models and “ponzinomics,” which can collapse when new players dwindle.
Pain Points and Solutions: Wallets, Gas Fees, and More
As we’ve explored the Web3 gaming space and talked with many partners, we’ve identified major hurdles in building a Web3 game:
– Wallet creation
Until recently, this process has been a major headache for gamers, with confusing seed phrases, browser extensions, and the need to understand what a wallet even is. But now, there are fantastic solutions that let users sign in to your game using social media, email, or existing authentication systems. This creates a seamless, secure wallet experience connecting them to your game and the entireWeb3 ecosystem.
– Gas fees
If you’ve ever interacted with the blockchain or sent a transaction, you know about these pesky fees. Most gamers don’t own crypto tokens like ETH on Ethereum or Matic on Polygon, which means they can’t pay gas fees to execute trades. Thankfully, there are solutions that let game developers sponsor transactions so users don’t have to worry about gas fees.
– Buying game items
Most people don’t own cryptocurrency, making it difficult for them to buy NFTs or collectibles. An ideal solution is a simple checkout process where users can buy digital items directly with their credit or debit card – making it as intuitive as traditional web2 experiences.
– NFT Rentals FTW!
But what if the users want to test the game first, and/or can’t afford or doesn’t want to buy collectibles upfront? That’s where reNFT comes in! Our protocol and platform can be integrated into any project, enabling collateral-free in-house renting, lending, and reward automation. What does this mean? This allows players to explore the game and offers NFT owners an additional stream of passive income by lending their collectibles to other players. It’s a win-win situation that further enriches the gameplay experience and rewards the vibrant community. This has direct impact on reach, retention, and brand exposure.
– Marketplace and trading experience
Well, by default you basically have two options. Either you build your own marketplace which is a pain and will take your focus from the game development, or you send your players to a third-party marketplace to trade your game items. However, sending players outside of your game isn’t ideal, so at reNFT we’ve built a better way. Our protocol includes a marketplace solution that you can embed into your game allowing you to deliver a seamless and tailor-made trading experience for your players while getting to keep them inside of your game. In other words, it allows your players to easily, and securely rent and lend game items, and it’s really a win-win situation that further enriches the gameplay experience and rewards the vibrant community.
– Choosing a network
Lastly, choosing a network for your game can be daunting. To simplify the process, opt for an EVM-compatible chain like Ethereum, Polygon, Avalanche, Immutable, Oasis, and others. This ensures compatibility and flexibility in case you need to switch networks later on. The EVM ecosystem just has the most advanced tooling, the most number of users, applications, liquidity, and maturity, so it’s a very robust ecosystem. Good news – reNFT is EVM compatible, so it gives you optionality and security, and peace of mind.
Final thoughts
At reNFT, we’re driving Web3 and NFT adoption and we want to empower you, the developers to deliver incredible gaming experiences for your players. Whether you’re building on web, mobile, Unity, or Unreal Engine, we’ve got you covered. Plus, stay tuned for our next-gen protocol launching soon! This will enable P2P collateral-free rentals with direct NFT transfers to renter’s wallets for unmatched capabilities.
If you’re building a Web3 game or any project that could benefit from our expertise, let’s chat! Visit www.renft.io for more information, documentation, and contact channels.
Together, let’s create unforgettable gaming experiences for players worldwide!