As cryptos continue to be a global phenomenon, industries all around the world are looking for more ways to incorporate this frankly revolutionary technology into their core products and services. Online gaming, in particular, has become a breeding ground for exciting innovation in this space. Developers are inventing new methods to leverage cryptos to purchase and trade in-game products, cosmetics, unlock characters, and much more. The convergence of the virtual and the real – our metaverse – has never looked so good.
Video games have considerably evolved in the past few decades. In fact, the global gaming market, which was valued at USD 173.70 billion in 2020, is predicted to reach USD 314.40 billion by 2026, with a CAGR of 9.64% between 2021 and 2026. Some of the biggest video gaming companies include Sony, Tencent, Nintendo, and Microsoft, each having gaming revenue of over 10 billion dollars. Sony tops the list, with a massive revenue of about 25 billion dollars. Electronic Arts (EA Games), Sega Games, Konami Holdings Corporations and Gameloft, are some of the most prominent gaming studios in the world.new world currency
With the advancements in PC and mobile gaming, there has been a noticeable increase in the gaming industry’s interest in cryptos. Undoubtedly, crypto games are now disrupting the traditional games market by allowing players to earn while playing, thereby rewarding their time and effort.