Blockchain and NFT
NFT games are reshaping the future of the gaming industry by combining blockchain technology with traditional games. This results in play-to-earn gaming which provides players with opportunities to earn money as they play. NFT game players in a developing country like Vietnam are surging and will continue to accelerate the growth. To have a better understanding of NFT games, let’s go back a little to learn more about Blockchain and NFT.
A simple definition of Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.
NFT means non-fungible tokens (NFTs) which are generally created based on blockchain technology that creates digital assets. NFT enters games in a form of an art or digital assets. This digital asset could be anything from characters, in-game assets to collectibles, avatars etc.
A combination of Blockchain and NFTs can help track ownership of a digital asset wherever it goes and can offer to resell percentages to past owners.
The Play-to-Earn gaming
The concept behind play-to-earn gaming is simple: players collect the digital assets or NFTs produced in the blockchain-based game. Next, players generate income by selling in-game NFTs or earning in-game asset rewards, both of which can be exchanged for flat cash.
NFT games consist of two things people crave — entertainment and the possibility of making money. Traditional games are mostly for entertainment, the in-game assets are only valuable and able to trade inside that specific game. However, play-to-earn games have real-world value.
The key value of the play-to-earn NFT gaming is that the more a game player participates, the higher chance they will earn new assets and increase the value of the assets they’ve already collected. On another aspect, if a NFT game can attract more players, the value of the in-game marketplace has tendency to go up. These factors lead to the overall game’s value increases for the community and game companies.
A perfect example of a play-to-earn NFT game is Axie Infinity. The game was created by SkyMavis – a studio game based in Vietnam.
The Axie Infinity game rewards players with Smooth Love Potion (SLP) tokens and NFTs known as Axies. The SLP token is listed on major exchanges like Binance so that players can trade them for real money.
Remote Resources Vietnam – offshore staffing solution for gaming companies
Blockchain technology has been present in Vietnam for a decade now, fueled by the success of Axie Infinity. The race for NFT games and blockchain took off. The whole population is enthusiastic about the exciting future of the gaming market. There is a strong belief that the success of NFT will revolutionize the gaming industry.
Remote Resources Vietnam is proud to be partnered with several NFT game companies on building teams of blockchain developers. The off-shore staffing model has allowed gaming companies to own a dedicated game developers team in Vietnam. The remote team of game developers helps quickly ramp up the game ambition without worries about operations, management and owning an office. Changing the talent geography to Vietnam helps reduce labor cost to up to 50%.
If you are looking for a partner that will help you unleash the potential of your game through a fresh source of talents, our gaming arm Saigon Dragon Studios has a great team of designers, artists, and game developers who can provide you with creative work in 2D/3D game design, animation, VFX or development services in Vietnam.
Reach out at: solutions@remoteresources.com or contact@saigondragonstudios.com