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Five Challenges Web3 Gaming Industries Will Face in 2022

Even though the market is weak right now, more and more people are buying blockchain-based games with NFT elements. Dappradar says venture capitalists put more than $2.5 billion into blockchain games in the first three months of 2022. Now is the best time to find a Web3 Development Firm in the United States because there are many new users and investors in the field.

Promoting the Blockchain Industry

Recent statistics show that the gaming market grows by 10% yearly and is bigger than the music, TV, and movie markets. In the gaming industry, renting items costs $100 billion a year. Thanks to web3, the gaming industry will soon have a trillion-dollar economy.

Several Problems Faced by the Industry are:

1) Issues With Liquidity

The growth of NFT gaming platforms in the US and other countries showed that orders, or requests for trades, are an essential part of the NFT market.

The order that comes after the first one is called the “taker order.” The maker orders on any exchange, including the NFT market, are kept in an order book until a taker order comes in.

Most NFT markets are now building their separate order books with their liquidity. This is a big problem for many NFT games, but blockchains like Immutable X are coming up with solutions, like making a global order book at the protocol level.

2)Big Data Blockchains 

According to recent data, the crypto cold hasn’t stopped people from playing blockchain games. Most of the transactions, though, come from games that use protocols like WAX, Hive, BNB Smart Chain, Solana, and Ronin.

Users are most interested in using WAX and Binance Smart Chain out of the other five because they are both fast and have low gas prices. If you want to make NFT games in the US, be careful to choose a suitable blockchain for your game.

Construct a unique NFT game platform.

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3) A Top Notch User Interface

Blockchain gaming includes both B2B and B2C transactions. But most video games only focus on making a user interface easy for consumers. For the B2C user experience to be better, the gaming interface needs to have a wallet and fast in-game exchanges. APIs that web2 businesses can use for B2B must also be a part of the game.

4) Safety

In the first half of 2022, DeFi was hacked, which cost $1.4 billion. Because of this, Blockchain gamers know a lot more about how to keep their games safe. So, using blockchain on systems with security features like zk-rollups will stop bridges from breaking the game’s security.

Because we are one of the best NFT game production companies in the US, we only use secure blockchains.

5) Design for Scalable Economies

We are using gaming and blockchain technology to create a popular play-to-earn economy.

Gamers play games to get special features and make NFTs that can be sold on NFT marketplaces. This makes it possible for gamers to make money from the time they spend playing games.

Play-to-earn games give people from all over the world the chance to start making money from their hobbies.

But as Axie Infinity and other popular games grew, so did the initial game investment. Well-known guilds like YGG and GuildFi can help gamers who can’t pay for the whole thing at once.

The initiative has become more popular because gamers can borrow virtual personas to play games or make them better. More projects like this are needed for the cryptocurrency-based gaming industry.

Over the past few months, the number of gamers and investors in the blockchain gaming industry has grown a lot. If you’ve been looking to get into the market, now is the best time. The business world is growing at a rate that has never been seen before.

We can help you reach your business goals if you need to contact Metaverse development companies in the United States or elsewhere. Whether you want to launch a move-to-earn game,play-to-earn game, Web3 Game Development services, or any other NFT game, we can make your idea come to life because we offer business-oriented services.

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