Have you ever considered the set of obstacles that a gaming studio faces? This is before even tapping into this epic market. Teams with over 10 years of experience struggle to secure funding and comply with regulatory changes. It’s a wild world out there, where you either adapt or get left behind!

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Fortunately, more and more people are realizing how easy it is to make game development more efficient and profitable by finding the right balance between user interface and real-world assets (RWA). If you’re interested in how blockchain can help you solve these core challenges, don’t lose hope - keep reading!

Financial Constraints: Securing Funding and Sustainable Revenue Models

Sticking to your budget is like a tutorial that never ends. When developing a high-quality game, you can’t compromise on either talent, technology, nor marketing. This takes significant investment that micro businesses are unable to raise or manage, especially with the traditional funding methods. But fear not, we’re here to help you understand how blockchain is unlocking new revenue streams.

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Easy solution? RWA! By tokenizing assets, game studios are able to offer digital ownership of in-game assets to investors, players and community at once. These assets can unlock continuous revenue stream and are not limited to items or revenue shares. These are easy to invest in and will bring your gaming studio additional funding from a wide range of retailers. 

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What about the different revenue models? This recurring side quest has never been simple. Finding the right mix between traditional sales, in-app purchases, subscription models, and blockchain-based tokenization is the key for a smooth landing.

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To level up your game, consider investigating NFT games and decentralized gaming. By integrating blockchain technology, you’re enabling new revenue models and introducing true ownership of the assets at the same time. We believe it’s time to hang up your boots with traditional gaming and set your players free by allowing them to trade or sell their assets. Based on recent research, this drastically increases user engagement and culture, as well as adds new streams of revenue from transaction fees and royalties on secondary sales.

Increased Revenue Streams

Fact-checking the numbers! With tokenized assets, both you and your users will benefit from the generated passive income, which includes but are not limited to: in-game items, characters, and virtual real estate. The blockchain gaming market indicates significant potential for revenue growth, and is expected to triple from $1.4 billion in 2021 to $5.3 billion by 2026, according to MarketsandMarkets.

Flexible Monetization Models

In the first half of 2021 alone, play-to-earn games generated over $2.5 billion in revenue, according to a report from Cointelegraph. This number has probably been outperformed in the first half of 2024 because of the Telegram mini-apps, which took over WEB3 for a couple of months now. These new models, which seamlessly integrate RWA and blockchain, provide players with fresh monetization models, such as tap-to-earn and NFT-based rewards.

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Users are now more likely to engage with and remain loyal to brands because gaming studios can offer tangible value for their time and effort. Mobile gaming’s impact on blockchain has come a long way, but don’t take our word for it, check it up yourself!

Technological Challenges: Keeping Up with Rapid Changes and Ensuring Compatibility

Similar to how players grind in games, studios must also continuously check for the latest trends in game engines, graphics, technology, and emerging platforms. Especially in the gaming industry, these advancements are most rapid, and require constant adaptations.

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Adopting the new RWA solutions on-chain has never been easier with Venly’s NFT tools. On top of no-code solutions, you’ll find comprehensive game developer SDKs that will help your studio integrate with blockchain technology not only efficiently, but also without significant overhead. 

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The cherry on top for gamers is cross-platform compatibility. If you run a gaming studio, you should always ensure that your games are easy to integrate on different platforms (PC, mobile, consoles, and why not VR?!). Consider this before writing the first line of code, it might significantly decrease the amount of work.

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Venly’s integration tools also support cross-platform compatibility with over 10 different blockchains and dApps. It’s important to note that the process of using Venly’s APIs and SDKs are both easy to build upon, and ensure games run smoothly across different devices. Time to stop thinking about the budget and start thinking user experience-wise!

Regulatory and Compliance Issues: Navigating Complex Legal Landscapes

Unfortunately, the WEB3 space is not exactly regulatory heaven. In fact, as soon as you start double-checking how online interactions and in-game purchases work, it will feel like opening Pandora’s box. Do your research on the compliance laws about digital transactions, data privacy, and gambling. In the end, this is a fairly new space and it’s easy to fall in the wrong category. 

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However, if you’re done with going the extra mile or can’t seem to find a good fit for a lawyer department, Venly can help you automate this process, frictionlessly. Some of the legal requirements that we’re able to help with include KYC (Know Your Customer) and AML (Anti-Money Laundering) tools. And just to point out the obvious, we have our own certifications, so we know all about the hard work behind the scenes.

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While hiring a team of experts in your area will do the job just as well, you might want to try out our tools if you’re considering a global launch. Different regions of the world may require additional implementations, which can be easily addressed with our tools.

Project Management: Managing Scope and Reducing Crunch Time

What starts like a dead pixel on your monitor and eventually evolves into the blue screen of death for any gaming studio is scope creep. If you’re unable to avoid gold plating, you might encounter delays, budget overruns, and eventually, project failure.

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There are many ways in which blockchain can automate these aspects of project management. Think about all the spare time you have from not managing assets, recording transactions, and even tracking the budget. Think about automating as many development processes to avoid potential scope creep and deliver on time.

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If you’ve ever led a team, you’ve probably noticed that employee burnout and dissatisfaction are huge factors in missed deadlines.

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While we’re not able to go back in time, our automated tools for gaming development will take off a big workload from your engineering team. Repetitive tasks are a thing of the past. If you value your talents and want to meet product deadlines, you should consider tools that will help you efficiently utilize blockchain technology.

Transforming the Gaming Experience with RWA

If you got this far, we don’t have to tell you that interoperable NFTs will turn blockchain gaming upside down. The future is here, and there’s literally no reason for players and developers not to utilize interactive dashboards. With RWA, you can smoothly track investment histories, performance metrics, and market trends, adding a whole new level to gamification. You can drive up player engagement and investment appeal by using digital twins to evaluate and showcase the real value of in-game assets.

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Globalization is not just a word, not if you’re using the right set of tools. A key component in integrating RWA into your project is facilitating global transactions. Help your community and investors make informed decisions, regardless of where they are, and expand your market reach like never before. Using the distributed ledger will break down any geographical barriers, while ensuring transparency throughout the ecosystem. 

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Whether you’re an investor or a player, you want your assets to be as secure as possible. In fact, the more secure and tradable the end-user assets are, the more likely they are to invest both time and money in a game. The appeal of asset ownership and its tradability has been demonstrated in a study led by DappRadar, which reported a 200% increase in user activity for blockchain-based games in 2021.

Conclusion: Embracing the Future with RWA

Given the current state of the market and technology, the most practical way to overcome the challenges of creating a new game from scratch is to implement real-world assets through blockchain.

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From financial security and technological integration to compliance, project management, user experience, and even employee satisfaction, integrating blockchain technology is the easiest and most budget-friendly solution. Especially if you’re looking to innovate and stay ahead of the curve, smart contracts have been pioneers of the latest trends and developments in recent years.

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For more detailed insights and case studies on how RWA can revolutionize your game studio, click here.

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