Since its foundation in the middle of the 2000s, the online gaming market has established new standards for the gaming industry as a whole and is without a doubt one of the most significant and rapidly expanding entertainment sectors in existence today.
Market leaders have been pushing the envelope for novel gaming experiences as technology advances at an astonishing rate, leading to significant changes in the way we play online.
As the COVID-19 pandemic disrupted our daily lives, gaming became an appealing option for people complying with social distancing and quarantines, with the online gaming sector reporting some of the highest growth rates in the last decade.
This unusual moment saw the development of iGaming platforms, the evolution of blockchain gaming, and the launch of unique gaming platforms, presenting players all over the world with a plethora of new alternatives.
Even as the pandemic winds down, interest in gaming remains high, with many surveys indicating that emerging services such as cloud-based gaming and virtual reality will have a significant impact on industry sales in the coming years.
Developers, publishers, and software providers are constantly working to revolutionize the industry by creating new gaming experiences and enabling users to enjoy various forms of online entertainment. This is due to the introduction of new technologies and gaming platforms as well as the emergence of distinctive online trends.
A journey into the metaverse
Blockchains, cryptocurrencies, and NFTs are among the most prominent internet trends at the moment.
If you’re still unsure about what these terms mean, non-fungible tokens, or NFTs, are unique digital assets within a blockchain, which in turn are public ledgers for cryptocurrencies – digital currencies recorded in a computer database using strong cryptography – like Bitcoin and Ether.
Games that combine one or more of these elements are known as blockchain games or crypto games. Early in the 2010s, the idea of blockchain gaming was originally proposed, and the first games were released in 2015. Initially, the majority of these games were designed around NFT collectibles like virtual pets, collectible trading cards, and even virtual real estate.
Numerous new games with more complex gameplay and mechanics were developed as blockchain technology improved. Currently, some of the most popular blockchain games include Alien Worlds, in which players become space explorers, seeking to discover NFTs and stake Trilium, the in-game currency, and MiningNetwork, a game that combines play-to-earn and free-to-play features in a revolutionary economic model that has never been used in the metaverse.
A little action on the World Wide Web
Gambling has always been one of the world’s beloved pastimes, whether it’s traditional casino games like roulette, lotteries, or sports betting.
However, due to the COVID-19 pandemic and worldwide social distancing measures enforced in the previous two years, the online gambling business, commonly known as iGaming, has surged in popularity as land-based gambling venues were forced to halt operations.
There is a vast range of iGaming platforms accessible today, and players can wager on big sporting events like the NFL, NBA, and MLB, play classics like roulette, blackjack, and craps, and even play game shows with live hosts.
Players may choose from a large selection of licensed and regulated operators, all of whom provide a comprehensive selection of betting alternatives, a variety of payment and banking methods, as well as exclusive bonuses, promotions, and loyalty programs.
Socializing while gaming
Social gaming refers to video games that enable users to socialize while playing, whether through multiplayer elements, social networking, activity feeds, guild dynamics, or even by incorporating social elements within the gameplay.
Although social gaming is still a new idea, it became increasingly popular during the pandemic as players looked for new ways to interact with friends and family. This attracted gamers from all over the world and was responsible for millions of hours of live streaming on sites like Twitch and YouTube.
Among Us, a 2018 social deduction game by Innersloth, and Fortnite, the Epic Games battle royale juggernaut, are two of the most successful games in this new genre, with a 18 percent rise in total hours played in 2021.
However, Roblox, a sandbox platform with integrated social elements where players can build games and join one another’s experiences and activities, has to be the greatest illustration of a social game. Even though it was launched a few years ago, Roblox is still one of the most widely played games online. During the epidemic, the total number of hours spent in the game grew by more than 100 percent.