The global gaming industry is worth a phenomenal $300 billion, and it’s only projected to continue increasing in value over the coming years. There are many contributing factors to the growth of the industry including the introduction of the internet, advancements in smartphone and console technology, and a reduced stigma surrounding serious gamers. Throughout this article, we discuss how the gaming industry is being transformed.
The Rise of Virtual Sport Events
Despite the way it sounds, eSports are tournaments involving any video game. However, there have been more traditional sporting events being aired as eSport tournaments. For example, there’s a global eSports series for FIFA 2023. During the Covid-19 pandemic, the F1 was broadcast as an eSport event, which only helped increase its popularity.
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Blockchain technology is still in its infancy, especially when it comes to applications in the real world. However, over the last few years, there’s been an increase in blockchain game releases. As well as this, player numbers have been growing enormously, which is clear if you look at the value of blockchain games as they go through funding rounds.
The beauty of blockchain gaming is that in-game assets are owned by players through NFT technology, meaning money isn’t being thrown into a bottomless pit. Once a player has finished playing the game, they can easily sell their NFT assets on the open blockchain, which can bring them greater profits. As well as this, the majority of blockchain games reward players with native coins for interacting with the game, and these coins can be converted back into fiat currencies.
Smarter Gaming Interactions
Artificial intelligence (AI) has become one of the most talked about technology trends across all industries, and the gaming world is no different. In particular, AI has been introduced to make non-player characters (NPCs) and computer-controlled players much more realistic.
The rise of AI in games has led to gamers searching for stunning games alongside excellent interactivity. Therefore, we’ve been bought to the next generation of gaming, which sees developers fulfilling this need. For example, we now have games that learn how players interact with it, and then adjust the difficulty and landscape accordingly.
More Mobile Phone Uses
One of the central factors that have changed the gaming landscape over the last decade is the advancement of smartphone technology, with some of them capable of outperforming consoles. With the majority of the world’s population owning a smartphone, online gaming is at everyone’s fingertips, whether that’s playing Words with Friends or enjoying mobile versions of AAA games.
VR (virtual reality) has attracted more players to the online gaming world. For example, when it comes to online casinos, the power of VR allows players to become fully immersed in the environment by taking on the lens of an avatar. Essentially, without leaving the house, players can escape into different worlds and enjoy social interactions with other people. Essentially, we’ve reached the point of a watered-down version of the VR-reliant world dreamt up by Ernest Cline in his book Ready Player One.
Online gaming is in a constant state of evolution, as more people spend time online – largely thanks to how many access points there are. No matter what a person’s interests or budgets are today, there’s a gaming system and suitable game out there for them to enjoy.
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