At Magic Media, we’re constantly looking for ways to continue our presence on the cutting edge of the game development world. As interest in crypto gaming continues to grow with every passing year, there has never been a better time to take a look at crypto game development and learn more about what it can do for your gaming projects.
Crypto game development presents many opportunities to develop engaging, groundbreaking games that involve players meaningfully. As an established and leading crypto game development services provider, we’ve seen first-hand the successes that are possible with crypto gaming.
What is Crypto Gaming?
Crypto game development is the process of creating games that leverage blockchain technology and cryptocurrencies. The usage of blockchain technology and cryptocurrencies enables the use of several features that would otherwise be impossible to include in traditional games.
Crypto game development projects can enable players to participate in true asset ownership in the games they play. Using cryptocurrencies, players can buy, sell, and trade various in-game assets such as characters and items. These are called Non-Fungible Tokens (NFTs) and in some cases can even be traded outside the confines of the game they were originally purchased for.
Interoperability is a major boon associated with crypto game development projects. Thanks to standardized protocols, crypto gaming assets purchased in one game can often be used in other games. For example, a weapon purchased in one game could be used in another that uses the same blockchain protocols. It allows players to retain and expand the value of their assets in the wider crypto gaming ecosystem rather than being limited to a singular game.
For players, crypto gaming is considered to be safe with transactions being completely secure. Technology like Smart Contracts ensures that transactions can be conducted without intermediaries, and the decentralized nature of blockchain technology reduces the risk of hacks or data breaches significantly.
Crypto Game Development Services and Projects
As a prominent supplier of crypto game development services, Magic Media has had the pleasure of working with numerous clients on a diverse range of crypto gaming projects. Our experience with crypto game development encompasses numerous genres and styles and our whole range of services, including development, art, and the technical expertize required to craft successful crypto gaming projects.
One such project is Blankos Block Party, which we provided services for in partnership with Mythical Games. Blankos Block Party is a party-oriented action-platforming game for which we provided several services including 3D game art, multiplayer development, load testing, and more. It leverages a private permissioned blockchain which was a central part of our service delivery.
We also provided development services to The Goombles, a charming, colorful tower defense game. Magic Media is the co-development partner of The Goombles which means our work can be seen in almost every aspect of the game, and it uses the Cardano blockchain platform.
In addition to our crypto game development services, we’ve also been developing our very own blockchain marketplace and wallet integration. Though we have ample experience in delivering crypto game development services, we’re always looking for different ways to ramp up knowledge and expertize, and developing a marketplace with an integration felt like a natural step forward for the Magic Media group.
The Crypto Gaming Marketplace
Crypto gaming is considered to be a powerful disruptive force in the gaming industry, with its valuation reported to be $8.5 billion in 2023 and projected to grow to $314 billion by the end of 2030. This might seem like an astronomical leap forward in terms of valuation, but with the continued concentrated effort by studios to develop meaningful and memorable crypto gaming experiences, plus services providers like Magic Media bringing high-quality crypto game development services to projects, it doesn’t feel unrealistic.
In Q3 2024, crypto gaming experienced a significant upsurge in activity with daily Unique Active Wallets (dUAW) hitting an impressive 17.2 million, an increase of 70% over the previous quarter. This tells us that not only is there a growing interest in crypto gaming, but also that individuals are committed to experiencing these kinds of games and have been doing so more and more. Though it may be difficult to determine the specific motivations behind this uptick, the quality of the games and indeed the crypto game development services available on the market currently.
Magic Media is an expert services provider of gaming, entertainment, and tech services with high-quality services including full-cycle game development, game VFX, blockchain game development, and much more. Reach out to us today to learn how we can bring your projects to life, and let’s create magic!
