The world of blockchain gaming has seen an explosion in development recently, and the only way to get involved with the action is to hire a blockchain game development company.
However, there are still many misconceptions about these companies, making it hard to find the right one for your project.
We’ve put together this guide on hiring a blockchain game development company to help you avoid common mistakes and keep you on track to achieving your goals with your blockchain game idea.
With this guide, you’ll know what questions to ask to find the right blockchain game development company and be prepared when they do.
1) What is a blockchain game?
A blockchain game is a video game that uses some technology created by or associated with cryptocurrencies, blockchains, and crypto tokens such as NFTs.
The technology used to develop these games varies widely, but it involves an ERC-20 pass in most cases. It’s an Ethereum-based cryptocurrency that can trade just like any other coin.
Tokens can be purchased online using fiat currencies (like USD), or they can sometimes be mined. They are almost always interchangeable with standard currency and other cryptocurrencies.
Each type of coin has its unique attributes (most notably its market price). Some crypto coins are designed to maintain one static value; others fluctuate more wildly like stocks in a traditional economy.
2) What type of games are best suited for blockchain development?
There are plenty of games with solid development communities that you can use to launch your blockchain game.
You should avoid choosing games with limited growth potential, as you want your blockchain game to continue making profits after its release.
Other things to consider include game genre and its extensive player base.
If you plan on developing an MMO (massively multiplayer online) title, make sure it has a healthy number of gamers already.
On top of that, look into where those player geo-locations. Some regions are likely better than others for continuing engagement with your game.
Also, look at whether or not other developers have tried bringing similar titles to market—and whether or not they were successful in doing so.
3) Is your blockchain game idea possible?
Before you start looking for blockchain game developers, you’ll want to confirm your game idea is at least feasible from a technical standpoint.
If it isn’t, it will be challenging (if not impossible) to make progress.
There are many excellent blockchain game development companies, but finding one that can do what you need doesn’t guarantee anything in terms of timeline or cost.
You don’t want to invest your hard-earned money and end up with nothing – find out as much as possible about what’s involved with creating your particular idea before signing any agreements or paying any deposits.
That might mean hiring an independent blockchain game consultant in addition to or instead of working directly with blockchain game developers.
4) Where do you find ideas for blockchain games?
Finding blockchain game ideas requires research and data mining.
It takes some Googling to find several ideas from other companies looking to solve similar problems. A great place to start is by contacting gaming companies that are already developing innovative solutions or asking your friends or colleagues if they have any idea for a game in mind.
When you find potential ideas, write them down and spend time researching them. Look at other games related to your vision and determine how they compare and differ from yours.
Once you’re done with the research, you should contact a talented blockchain game development company who can put your ideas into action.
5) How will I manage payments in my game?
If you want to integrate blockchain payments into your game, there are several options. You could create your payment platform or use an existing one like Chimaera or EnjinCoin.
Each of these solutions has its advantages and disadvantages, so you’ll need to decide what’s best for your game.
Once you’ve decided on an integration method, think about how will users be able to pay: in-game currency, Bitcoin, Ethereum, or some other cryptocurrency?
The methods are endless, and each will have its fees and restrictions. Will there be any transaction fees? Will customers have to go through Know Your Customer (KYC) regulations?
6) What type of developers should I hire?
There are two kinds of blockchain developers: those who work with public blockchains like Bitcoin and Ethereum and those who work with private or permissioned blockchains.
When working with a public blockchain, you can independently take care of security measures. We recommend hiring an experienced company to develop your product in cases where money is involved.
Permissioned blockchains can be more easily maintained by yourself or in-house developers; if you choose to go that route, make sure you still adhere to best practices and standards to protect your system’s integrity and security.
If you’re unsure which type of blockchain will work best for your game’s needs, please reach out to our consultants.
7) Who owns the intellectual property rights?
Make sure you have a clear contract that includes provisions in case of an acquisition.
If your idea is popular and gets snapped up by someone else, it’s essential to know who owns what. Are you paid cash or shares? How will any future royalties be calculated?
The larger your audience, the more likely you are to be offered equity in exchange for licensing rights to your intellectual property.
Also, if another company approaches you with a huge buyout offer, consider consulting an attorney before signing anything.
The legal process can be incredibly time-consuming, so even if they make you an offer right away, there’s no guarantee it’ll still be on the table when things start moving in court.
Need a hand?
The blockchain game development experts at Minoid would be happy to realize your blockchain game ideas. Connect with us today before hiring a blockchain game development company.