Between delayed game releases, experiments with advanced technologies, and the gaming trends, the past two years were like table setting for the video game industry.
Video game development is no longer a hobby; it is now mainstream entertainment worldwide.
Similarly, concepts like blockchain gaming and ‘Metaverse’ are no longer hollow buzzwords. The giant companies are investing to turn these concepts into reality.
Techjury reports that the global gaming market will reach $256.97 billion by 2025, surfing through the major gaming trends.
Mordor Intelligence predicts the global video game market will hit $314.40 billion by 2026.
It is clear that video game companies worldwide are out of their equilibrium. The future of the video game industry is not cloudy anymore.
So, hold on tight!
2022 will be a wild ride for gamers and game developers.
Blockchain Gaming: A Loud Change In The Horizon
Cryptocurrency is not just the only scope for Blockchain coming to the front. Blockchain is not about just money. It is much more.
This disruptive technology revamps the video game industry, making games more transparent, immersive, and captivating.
The Newzoo report goes like this: the blockchain video game market will reach $218 billion by 2023.
Apart from being a potent gaming trend, Blockchain technology showers benefits on the video game industry:
- It ensures a secure ecosystem for both game developers and gamers.
- In-game purchases have become safer than before.
- It has brought transparency to the game asset ownership.
- For a well-constructed and exciting Blockchain game, gamers always place real value on intangible digital collectibles.
- Gamers can download video games in multiple versions from any remote location and enjoy the gameplay.
Blockchain is no longer behind the scene or hype. The video game industry is an experimental ground.
The upcoming experiments could be endless.
Metaverse: The Emerging Gaming Trend
People who keep up with recent tech news may not find the Metaverse a new word. It was a brainchild and ambitious gaming idea of Meta (formerly known as Facebook).
However, many large video game companies have set their goal to become more explicit regarding the connection and mingling of Metaverse and video game development.
The most exciting part is that Metaverse has been here for a decade around the games like Fortnite, Roblox, Etc. Mark Zuckerberg helped the gaming industry to pay attention to Metaverse. With Metaverse on board, many video game studios plan to launch video games this year, where gamers can hang out in a virtual gaming space.
Since Virtual Reality is a significant buzz across the video game world, Metaverse remolds and revives the 3D immersive experience in a brand new way. BlockBabies is an exciting example of a Blockchain Metaverse video game where the gamers pay to earn, followed by an immersive gaming experience.
- As per Emergen Research, the Metaverse can become an $800 billion space by 2028.
- According to the reports of Globe News Wire, the global Metaverse market was $21.91 billion. It will grow at a stunning CAGR of 41.7% by 2030.
The line between gameplay and gaming experience will be getting blurry very soon.
The Metaverse Blockchain games will carry specific characteristics like,
- Play to Earn
- Portable game assets
- Mixed Reality experiences
- Social gaming
Metaverse and Blockchain together are paving the way of multiple video game trends.
NFT Craze Inbound
The craze around the NFT gaming trend and play-to-earn games are beyond any fad.
On the contrary, the top video game companies, indie game studios, have recently focused on NFT gaming experiments. The NFT games like BlockBabies have stormed the world with its decentralized gaming strategy and unique NFT offerings.
As per Venurebeat, OpenSEa, the largest NFT marketplace, has experienced a whopping $10 billion in total all-time sales.
As Newzoo predicts, there will be 3.07 billion mobile gamers worldwide by 2023.
Amid the bustling video game design and development, Blockchain technology, NFT, and the Metaverse are the driving forces behind the existing and upcoming superhero games, warrior games, RPG, and other games.
While play-to-earn or NFTs will become a more feasible business model, Metaverse will drive massive investments in video game development and VR sales.
Blockchain, NFT, and Metaverse, together they are driving the video game industry to a new horizon of metamorphosis.
EDIIIE, is a team of experts proficient in visualizing, designing, and developing immersive video games based on gaming trends and interests. Stay tuned to learn how we toy with immersive technologies, Blockchain, and Metaverse to deliver outstanding video game interfaces.