All together and mixed – this is what we can define about the technological boom in the gaming world. In it, we can earn money by playing with cryptocurrencies (blockchain); play in the company of other people in one virtual environment through avatars (metaverse); and purchase exclusive in-game items such as armor and clothing (NFT – Non-fungible Token). You may ask me: why is this happening? There are two reasons. Firstly, because it has a huge audience, and secondly, because it allows you to play to win – “play to earn”, a super new model that appeared thanks to blockchain and virtual currencies in 2021 with Axie Infinity.
The truth is that the gaming environment is fertile ground for new investment opportunities. Today it is already possible to invest in virtual land, NFTs and cryptocurrencies to earn money. Many people have already noticed this! Data obtained by research firm CryptoRank shows that gaming cryptocurrency users outperformed decentralized finance (DeFi) users for the first time in 2021, i.e. outperformed users of any type of decentralized financial transactions carried out via blockchain. Last year, unique active wallets linked to gaming tokens accounted for 49% of the blockchain industry.
To get an idea of the potential of this market, the global gaming industry moved $175.8 billion in 2021, according to the latest consolidated and preliminary data from consulting firm Newzoo. More than US$200 billion is projected to move in 2023. In mobile games, this movement is valued by Newzoo at $90.7 billion in 2021, representing a 4.4% year-on-year growth. This represents more than half of the global gaming market, as the segment is less affected by the pandemic than PC and console games.
But here in Brazil, we need to push this market a bit so that this market grows and brands feel safe to invest in this universe and then pave the way for more professionalization in this market. The possibilities are huge. Imagine moving millions of dollars of digital assets if games with huge audiences like Fortnite and Free Fire, for example, adopt a crypto asset compensation model for players? Moreover, this environment is driving the development of other convergent technologies such as NFTs, virtual currencies, the metaverse, and web3.0, which can help create a range of opportunities for the economy and society as a whole. Wow! The possibilities are endless. Let the game begin!
Fabrizio Visibeli
With over 20 years of experience, Fabricio has worked in various areas of the technology sector such as banking, consulting, retail and telecommunications. The manager has been responsible for managing teams for more than ten years and has accumulated his recent experience in Spain, effective working methods and global team management models. With a degree in Computer Science from the FEI, a PhD in IT Project Management from USP, and a Specialization in Innovation Leadership from MIT, Wiesebeli is a Managing Partner of CBYK, a software and custom IT solutions developer.
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Source : Married Games
