The global video game industry is currently worth a whopping $90 billion. It has always been quick to adopt the latest tech trends, from AI to blockchain. This is an exciting and fast-moving world powered by state-of-the-art technology. Here are the top five developments to watch this year.
1. Cloud gaming
Gambling sites reviewed by canadiangamblingchoice.com use cloud computing to provide access across mobile and desktop devices. In gaming, subscription services eliminate the need for hardware upgrades every few years. The current offering includes products from Microsoft, Sony, Google, Nvidia, Tencent, and Amazon. All data is processed in the cloud, and players need only two things — a smart TV and a streaming device like Chromecast.
2. Virtual Reality
VR was popular with gamers even before it and gained traction with the military and surgeons. In the past few years, VR gaming has been growing steadily, with top franchises like Minecraft embracing the technology. Grand Theft Auto and Doom can now be played via headsets.
Hardware is increasingly cheaper thanks to devices like the Meta Quest 2. What’s more, these headsets can be used on their own, without a gaming PC. The innovative technology provides a more immersive and rich graphic experience. This year, we may even see Apple’s long-awaited VR headset.
3. The Metaverse
While Facebook is building an immersive world for work and leisure, gaming franchises are being turned into comprehensive platforms for entertainment, socializing, and other shared interactions. The platform format will support a wide range of user experiences, including concerts.
Users who just want to play their favorite games will still be able to do so. Those who want to socialize will do it on the same platforms. For game creators, delivering such a versatile experience will translate into stronger loyalty, wider audiences, and increased attention from marketers.
4. NFTs and blockchain
This year, the gaming community expects to see the emergence of non-fungible tokens in popular games. This move has already been announced by Square Enix and Ubisoft. NFTs will enable players to earn, win and trade valuable virtual items.
Not everyone is happy about the novelty — some players see tokens as a waste of energy as blockchain algorithms require a lot of processing power. Yet, game publishers see positive prospects, and they are willing to support the convergence of gaming and NFTs.
Another aspect that brings games and blockchain together is the growth in “play-to-earn” games. Players get rewards in the form of cryptocurrencies. Some of the participants in Axie Infinity earn over $250 worth of crypto per day!
5. Esports
This format has taken video games to a new level, enhancing them with live audiences, leagues, tournaments, and sponsorships. Its popularity soared during the pandemic — in 2021, the segment generated over $1 billion in revenue. This year, eSports will be included in a big international multi-sport tournament for the first time — the 2022 Asian Games. eSports is well-positioned to double its revenue!