Unprecedented Growth Rate of Gaming Industry
With the revolutionary growth of cryptocurrency in the worldwide scenario, it was inevitable for all kinds of industries to jump into the dynamic trends. Such industries are desperately looking for new ways to incorporate this odds-defying technology into their daily operations. Upgrading the products and services to new heights is of pivotal importance and bringing this transition into the gaming space has its own rewards. Ushering in innovation in the gaming industry is being witnessed as one of the best things that have ever happened to the industry. Visit at website: https://bitcoinaussiesystems.com/
Developers have been eyeing new ways to implement crypto efficiently that will enable the participants to trade in and purchase gaming products. Needless to say that the dynamic pace with which games have evolved over the years is undoubtedly stunning from all aspects, especially in the last decade. This is highly evident in the fact that the gaming market which was previously valued at nearly $173.70 billion in the financial year 2019-20 is now believed to surge across $314.40 billion by the end of 2026. It reflects a significant CAGR of approximately 9.64% in just a period of 6 years i.e., 2021-2026.
Big Players Redefining the Trends
The big players of the gaming industry such as Nintendo, Sony, Microsoft, Tencent, etc., have already sailed past the $10 billion turnover mark. However, Sony is currently leading the trend with a humongous $25 billion revenue and still going strong. Other prominent players in the gaming space include big names like EA Games, Gameloft, Konami Holdings Corporations, Sega Games, etc. The unexpected boom in the gaming industry can be attributed to the pandemic that pushed people inside their homes. Hence, the gaming industry emerged exponentially during the quarantine days and that made a massive impact that is going to last for a long time now. People wanted leeway to beat the usual boredom and eventually resorted to some new form of entertainment and that’s when crypto gaming became a household name. The successive lockdowns only propelled the industry to make history and go beyond the expected bar.
The constant upgrades and advancements in mobile and computer devices have made it easier to experience a larger-than-life gaming ecosystem. It also led to the rise of crypto gaming and crypto gamers have already begun to disrupt the prominence of the traditional gaming space. The prospects of earning while playing couldn’t have been put into action better than how crypto gaming is currently doing. This is why crypto gaming is attracting millions of gamers every day to help them earn while playing and they also recompense for all the time and efforts that they put into the game.
Crypto Gaming: Host of Benefits for the Gamers
Gamers always wanted to be able to trade and collect assets while playing and this is exactly what crypto gaming has provided them. Unlocking the doorway to immense possibilities by trading virtual assets while sitting in any part of the world is undoubtedly a remarkable achievement. Furthermore, the prospects of stringent security while gaming are yet another delightful fact that crypto gamers can leverage.
Crypto games are operational on a cryptocurrency network and players gain verifiable ownership when it comes to virtual products that are designed in the game. Hence, it becomes easy for the players to trade such products whenever they deem necessary. They can trade such assets for real money, in fact. This acts as a magnet for traditional gamers to quickly switch to crypto gaming in just a short time. So, it’s just not only about entertainment anymore but also getting rich simultaneously.
The overall value of the particular gaming company increases automatically when a gamer purchases an asset. Some of the prevalent crypto games such as Axie Infinity, Gods Unchained, and CropBytes enable the participants to make money through virtual products that help them achieve in-built objectives/missions, etc. Asset portfolios can also be created by the gamers which were not possible with traditional gaming and seem super easy with crypto games.
Hence, the sky is the limit for crypto gaming at this stage as gamers finally got what they what always been looking for all these years.