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The casino gaming industry is rapidly progressing and the inclusion of NFTs, Crypto, and Blockchain is set to take it to the next level. Especially, NFTs in games have initiated a new wave of innovation in the casino gaming industry. Using Non-fungible tokens, casino game players can own, trade, and collect digital assets.
The NFT casino game development is continuously trending and businesses are leveraging it for their own benefit. If you are looking to develop your very own NFT casino games and you are looking for NFT casino game development, you have landed at the right blog. This blog will get you into the key aspects of NFT casino game development and will help you understand the implementation process from start to finish.
So, let’s start with the blog!
What is an NFT Casino Game?
Before we proceed to understand what are NFT-based casino games or what is NFT casino game software? Let’s decode the NFTs first.
The NFT stands for – Non-Fungible Tokens. It is a digital identifier that verifies ownership of digital assets and it’s recorded on the blockchain network. NFTs represent digital art, music, videos, collectibles, and more.
NFT online casino is a new concept in which NFTs are integrated into traditional online casino games. Here Blockchain technology plays a key role and instead of using Fiat currency, these games utilize NFTs that players can exchange on a one-to-one basis.
Some of the most popular NFT casino games include- NFT Slot Games, NFT Roulette, Blackjack NFT, Crypto NFT Poker, Roulette NFT, and more.
Here you might have a question- How Does NFT Casino Work?
In an NFT online casino players wager using NFTs instead of using cryptos or traditional currency. Based on the game’s outcome, they win NFTs as a reward. These can be traded or can be used for exchange with real-world currency.
Rise of NFT Online Casinos- The Facts
To understand NFTs in the Casino gaming industry, let’s dive into some useful market stats facts.
The NFT gaming industry market size is projected to grow at a CAGR of 60% (2024-2032) and the expected market value by 2032 will be $231.3 billion.
The growth driving factors behind the rise of NFTs in gaming are - increasing blockchain adoption, P2E(Play to Earn models), and standardization of NFTs.
One of the biggest reasons behind the growth of NFT casino software development is the rising number of NFT users worldwide. Compared to the current year(14.67 million), the number will be 16.35 million by 2028.
The numbers clearly indicate the growing market of NFT casino gaming. Leveraging NFT casino game development is not only lucrative for your business but can also be very beneficial for your business in multiple ways. Let’s take a look at how.
The Benefits of Integrating NFTs in Casino Game Development
With the growing demand of the NFTs, more and more businesses are investing in NFT slots, NFT poker and more. NFT casino game development is high in demand as it also delivers you a multitude of perks
Transparency
NFT stands for tokenizing digital assets and one of its top advantages is transparency. All transactions are stored on the blockchain’s decentralized network and users can oversee all the transactions in a transparent way.
Highly Secure
Powered by Blockchain technology, NFT casino games offer super security and transparency. There are negligible chances of cyber attacks.
Ownership
The ownership of digital assets belongs to the users only. There is no sharing with the NFT casino game development company, NFT casino game provider, or any intermediaries.
Interoperability
Due to Blockchain technology, Casino NFT games are cross-chain compatible. Players can use their NFTs across a variety of casino games seamlessly.
New Revenue Stream
Using NFTs in casino software development works as a new & innovative revenue stream. The gamers can participate in auctions, sell in-game assets, and more.
Provably Fair Games
One of the biggest advantages of NFT casino game development is - NFT casino games are provably fair in all terms. These game results remain unbiased and help you establish credibility among your customers.
How to Build an NFT Casino Game?
Similar to any online casino game development, steps are also involved in developing cutting-edge NFT casino gaming software.
Let’s check one by one.
Let’s check one by one.
Developing The Concept
The first step that you need to take is defining and designing the concept. The more interesting your idea is, the more chances of success. Put your all efforts into brainstorming so the players have a unique game experience. Here you need to develop your idea by keeping your target audience in mind.
Choose Blockchain Platform
Once you have your unique idea in place, the next step is deciding about the Blockchain platform that matches your NFT casino game needs. It is always better to use popular Blockchain platforms like Ethereum, Polygon, Flow, Solana, EOS, etc. You can choose any one of them for your next NFT casino software platform development.
Defining the Role of NFTs
You have decided to develop an NFT-based casino, so everything revolves around NFTs. So, before you actually start developing your platform, defining the role of NFT is a must. NFTs can be used as items, characters, weapons, or others. The next thing is, to design NFTs that suit your gaming idea and make your NFT platform unique.
NFT Casino Game Designing
The pre-step to the NFT casino game designing is wireframing where designers create the blueprint. Once the blueprint is ready, start with creating eye-catching graphics, immersive gameplay, interactive user interface, stunning graphics, logos, and icons.
NFT Casino Game Development
In this step, the NFT casino game developers take over and shape your idea in the form of a casino game. This step involves- game engine selection for example Unity/Unreal, coding, Smart contract development, NFT integration, and others. Once all things are in line, your game is ready for quality assurance before the launch.
Quality Assurance and Launch
The final but most crucial step is quality assurance before making it available. Here quality analysts will test the game mechanics, and all types of integrations and identify the bugs. After fixing all the issues, your game will be launched.
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Key Features to Include in Your NFT Casino Game Development
For an exciting casino gaming experience, key features play an important role. Below are key features that you must include in your next NFT casino game.
Smart Contracts
Smart contracts refer to digital contracts that are self-executed if the conditions are matched and stored on a Blockchain network. The key benefit of using smart contracts is low-cost transactions. It includes KYC verification and AML protocols that prevent unauthorized activities in casino gaming.
Players Ownership
The NFT turns digital assets into tokenized forms that can be traded by the players. It offers full ownership to the players so they can trade these tokens for real cash prizes. They can buy the assets and generate revenue for themselves by selling tokens on the NFT marketplace.
Trading Options
Create trading options for the players so they can choose where they want to trade their owned NFT. Make sure you have plenty of trading options on your NFT casino platform to ensure seamless trading.
Quick Payments
The quick payments feature will help your players with faster transactions and cashouts. In terms of NFT gaming, players can seamlessly cash out their rewards compared to traditional online casino games.
NFT Marketplace
The NFT marketplace is for buying, selling, and trading NFTs and the best part is players can do it within the NFT gaming platform or outside the platform whenever they need.
Digital Wallet Integration
Integration of a digital wallet is a must to consider a feature for NFT casino game development. Using crypto-based digital wallets, gamers can store, withdraw, and transact NFTs including cryptocurrencies like Bitcoin, Ethereum, and others.
In-Game Economy
One of the critical features of NFT casino game development is the in-game economy. It refers to an ecosystem where players can play and earn NFTs, trade tokens, exchange NFTs and more.
Community Building
Community building is one of the interesting features that allows NFT gamers to stay connected with each other, ask questions, share tips, vote for decisions, and provide their views. It binds all players together in the form of a learning community.
Challenges with NFT Casino Game Development
Although it is highly beneficial to develop an NFT casino game software for business, certain challenges are also associated with it. Let’s have a look at it.
Volatility
One of the major drawbacks of NFT casino game development is market volatility. The prices of digital assets change anytime and can affect the gamer’s holdings.
Regulatory Compliances
Although NFTs and Cryptos are like global currency but still in some jurisdictions these are still prohibited so legally they can create issues. On the other hand, every jurisdiction has different rules for taxation and money laundering. So, without going through compliances in detail, launching an NFT casino game is not the right idea.
Scalability
As you know NFTs are blockchain-based, and hence sometimes blockchain networks create issues especially when transactions are high. So, if there is a need for quick transactions but requests are more, then it could cause delays.
Integration Limit
NFT casino gaming platforms are different from traditional online casino gaming platforms. They need a solid blockchain ecosystem or infrastructure. So, if there is an absence, it can create barriers and vulnerabilities.
Want to launch your own NFT Casino Game software?
How GammaStack Can Help You In NFT Casino Game Development?
NFT casino game development requires extensive knowledge and expertise as it involves multiple things such as Blockchain integration, developing smart contracts, designing and implementing NFTs, and more. GammaStack is one of the leading Crypto and NFT casino game development companies with a proven track record of 13+ years. To date, we have helped multiple global clients from 45+ countries with their casino game development requirements. One of the best things about us is you can also hire NFT casino game developers at your convenience through us. We offer flexible engagement models and best-in-industry prices. So, let’s connect and launch your NFT casino game.
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Important FAQs - NFT Casino Game Development
Players use NFTs to play games, cash out as rewards, for trading digital assets, and more.
You can develop a variety of NFT casino games such as
- Live Dealer Casino Games
- Card Games
- Provably Fair Casino Games
- NFT Slot Games
- Poker Games
- Card Games and more.
The following are the steps that you can follow for hiring casino game developers such as -
- Research about the company and its portfolio
- Share your requirements
- Choose profiles
- Lineup the interview with developers
- Test their skills
- Choose an engagement model and hire NFT casino game developers
Developing an NFT casino game is a complex process and everything depends on requirements. For time estimates, it is better to discuss your requirements with experts.
Although both leverage Blockchain technology, they have some other similarities, too. However, the critical difference is that an NFT online casino allows players to trade NFTs as valuable in-game assets. On the other hand, crypto casinos focus on cryptocurrencies like Solana, Bitcoin, and others for financial transactions.
Sources:
- https://www.gminsights.com/industry-analysis/gaming-nft-market
- https://techreport.com/statistics/crypto/nft-awareness-adoption-statistics/
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