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‘Blockchain’ You may heard about this revolutionary tech a lot of times in recent years. After making huge turnovers in various industries, now it is looking toward the gaming world to make a wave. As an entrepreneur, I can predict what you will think now! Yes, the future of Blockchain gaming seems bright and profitable. The IMARC Group projects that with a projected growth rate (CAGR) of 65.2% from 2024 to 2032, the market will reach US$ 854.4 billion by that time.
But there are some challenges in this kind of game as it will break your bank and will consume a lot of time. To make this process easier contact a top-rated Blockchain Game Development Company to save your time and money. In this blog, we will learn about the top 10 profitable business ideas for entrepreneurs in the blockchain gaming world. Without wasting a minute, let’s jump into the blog.
Play-to-earn games are becoming a popular business idea for entrepreneurs in the blockchain world with its various revenue streams. The worldwide P2E games market size was expected to reach $8856.95 million by 2023. These games generate revenue through in-game item sales, transaction fees, advertising, and token sales.
A good example of a successful play-to-earn game is Axie Infinity. In this game, players collect and fight with fantasy creatures called Axies. Each Axie is like a special digital item stored on the Ethereum blockchain. If you wanna develop a game like this consider an Axie Infinity Clone Script to make it fast and affordable.
Crypto games are a great idea for people who want to start a business because they can make a lot of money in different ways. These games use cryptocurrencies and blockchain technology, which are becoming more and more popular among people. It can generate revenue through in-game purchases, token sales, and secondary market transactions of assets.
For an example, take Decentraland. It's a virtual reality game that uses the Ethereum blockchain. In Decentraland, players can buy, sell, and make virtual land using a cryptocurrency called MANA. Choose the best Decentraland Clone Script provider to make profits in this realm.
Metaverse games mix blockchain technology, virtual reality, and gaming in an advanced way. They make virtual worlds where players can buy, sell, and trade virtual things using special tokens. With a predicted value of USD 17.71 billion in 2022, the worldwide metaverse gaming industry is expected to increase at a CAGR of 40.4% between 2023 and 2030.
One game that's doing well in this space is called "The Sandbox." It was made by a company called Animoca Brands. In The Sandbox, players can create their own virtual worlds, own them, and make money from them using blockchain. Income strategies include NFT sales, in-game purchases, advertising, and royalties from virtual land and assets.
Move-to-earn games are great for entrepreneurs in blockchain gaming because they let players make money while playing. Players can earn cryptocurrency or digital stuff by doing things like completing missions, fighting other players, or just moving around the game world. Game owners can earn through in-game purchases, advertisements, and fees from player transactions on the blockchain network to make profits.
One example of a successful move-to-earn game is "My Neighbor Alice." In this game, players can buy, sell, and trade virtual land and stuff using the in-game currency called ALICE tokens. They can also earn ALICE tokens by doing tasks and hanging out with other players.
Role-playing games (RPGs) on the blockchain are a clever choice for entrepreneurs because they're enjoyable and engage players. The sales of in-game items, characters, and upgrades, fees for participating in the game's blockchain ecosystem will make profits. The total market volume in these games market is projected to reach US $70.73 billion by 2027.
A great example of a successful blockchain RPG is "Gods Unchained." Developed by Immutable, this game lets players collect and trade digital cards representing creatures and spells.
3D/2D games are a good idea for entrepreneurs who want to make money because they have some important advantages for the future. If entrepreneurs use blockchain technology in these games, they can offer special things like making sure players own what they buy.
In-game asset sales, play-to-earn mechanics, transaction fees, and secondary market trading are the main income sources. Also, blockchain tech lets entrepreneurs make a system in their games where players can earn cryptocurrency as a reward for doing well in the game.
AR games, like augmented reality games, give players a pleasant and fascinating gaming experience where virtual stuff mixes with real life. As well as owners can generate revenue through advertising, sponsorship deals, and the sale of NFTs. Between 2022 and 2027, the global AR gaming market is expected to develop at a CAGR of 30.11%, or $ 24,120.94 million.
One popular AR game that uses blockchain is "CryptoKitties." In this game, players gather, and trade digital cats, each with its special traits. The game uses blockchain to make sure each cat is rare and real, so players truly own what they get.
Casino games make a lot of money, and if entrepreneurs use blockchain technology, they can get even more benefits. The total market volume of these games is expected to reach $9.95 billion by 2027. Blockchain makes sure that games are safe. The main revenue streams for these games are transaction fees, and token sales for betting purposes.
Blockchain also gets rid of the need for middlemen, which saves money for entrepreneurs. This means they can make more money from each game. Also, blockchain can use smart contracts to make sure games follow the rules automatically.
Strategy games on the blockchain are one of the best ideas for entrepreneurs because they work well with how blockchain works. The subscription models and blockchain transactions for trading and ownership of in-game items in these games will generate revenues. Total market volume in the strategy games is expected to reach US $102.10m by 2027.
When selecting a blockchain game development company for your business, consider the following points:
1. Look for a company with extensive experience in blockchain technology and game development.
2. Review the company's portfolio to see examples of their previous work.
3. The company should be proficient in using the latest blockchain technologies and tools.
4 . Verify that the company prioritizes security in its game development process.
5. Choose a company that maintains transparency during the process.
6 . Look for a company that offers customizable solutions tailored to your specific requirements and preferences.
7. The company should provide ongoing support and maintenance services after the game is launched.
8. Research the company's reputation and credibility within the industry.
Still confused? Don't worry, we got you covered. With expertise in blockchain and game development, Clarisco Solutions provides a top-notch solution for your business ideas. Check Our Portfolio to know our previous works.
Blockchain games offer lots of money-making chances for entrepreneurs who are ready to dominate this new area. They can make advanced games and use blockchain to give players ownership and make economies fair. There are many ways to make money, like making games with NFTs, starting platforms where people can earn while they play, or creating virtual worlds with blockchain.
As you start your journey into the world of the blockchain gaming business, remember to stay strong, keep learning, and never forget why you love it. The future looks bright for those who are brave enough to go for it. Until we meet next time, good luck to all entrepreneurs!
