Gaming News
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With estimation pointing to a total market capitalization of 300 billion USD by 2025, the gaming industry is one that is rapidly growing and garnering the interest of several investors and tech stakeholders alike. With over three billion gamers across the globe, one can only expect the gaming and casino platforms to grow even bigger in the coming years.
Gaming is often categorized under the entertainment industry as many see both as a means of having fun. For example, Sony’s Playstation consoles offer a combination of video games, music, videos, internet, streaming, etc.
Since there are so many online games whose registration happens to be absolutely free, one would think that the gaming companies are not making much revenue off such games when users play. But that’s not the case, these firms have devised several means of making money through the purchase of in-play gems, coins, and other items.
Other than the predictable and great development of the gaming world, it is intriguing to take note of the fact that there has been a change in sources of income in the business recently. The casino and gaming business used to make the vast majority of its funds from online games, but has seen its income originate from an alternate means and point of view lately.
In the U.S., which boasts of being the biggest computer game market in the globe, the game industry was valued at about 18 billion dollars in 2017 and recorded over 2,450 firms of over 200,000 employees.
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Popular video game developer Jam City recently disclosed plans to take its blockchain ambitions to the next level using NFTs.
The company’s full-stack platform and technical know-how will be available for blockchain-gaming studios to benefit from.
Slowly but steadily, the world has moved away from traditional gaming to online gaming. Here’s how blockchain gaming is leading the drive.
According to MYTONA, its metaverse will unite people in a social sandbox, allowing them to arrange their exhibitions, workshops, exclusive presentations, concerts, and much more.
Binance and Animoca Brands look to fast track the growth and development of blockchain-based games with insight from leading experts.
The WAM Tokens are designed to play a pivotal role in the functionality of the ecosystem, as users can earn rewards through it.
The launch of the Metaverse Grant Program will help Chromia to push the development of the interconnected gaming worlds. It seeks to provide research and technical assistance in the Metaverse development process.
Netflix comes off as one of the few game launchers that have found a soft landing with Apple as the company has a very strict emphasis on privacy.
The $100 million funds from the trio of Solana Ventures, Lightspeed Ventures, and FTX are already being used to bankroll Faraway Games, a new Web 3 gaming studio that raised $21 million on Thursday.
The startup plans to license its Mythical Marketplace and Mythical Economic Engine for other developers.
EA is expected to start supporting and eventually adopting blockchain and NFTs, as it earlier published some relevant job posts.
Despite the impact of the game delays on the shares of the company, the better-than-expected earnings are helping to reverse the trend in the pre-market today.
Netflix wants to make it possible for users to access the gaming collections even when there is no internet connection.
Sky Mavis has concluded an investment round for its Axie Infinity game, that now values the company at $3 billion and puts Axie at $30 billion.
Some gaming companies are concerned about how the new restrictions might affect their bottom line.