One of the first mediums most of us get to witness many of the digital trends affecting our lives in action is the $200 billion global video game industry. This is particularly true in the cases of artificial intelligence, augmented reality, blockchains, virtual reality, and in particular, today’s hottest tred – the metaverse.
Today’s gamers are accustomed to exploring realistic 3D landscapes and engaging with hundreds or thousands of other players in real-time, a far cry from the rudimentary and blocky graphics that many of us played as children.
This is made possible by the infrastructure that video game creators have set up, which is based on some of the most advanced hardware available as well as innovative technologies, including super-fast 5G and cloud networking and extremely powerful processors.
Since its inception in the middle of the 2000s, the online gaming sector has established new benchmarks for the gaming industry as a whole and is without a doubt one of the largest and fastest-growing industries in the entertainment sector today. A significant change in the way we play online has resulted from leading firms in the industry pushing the boundaries of new gaming experiences as technology develops at an astounding rate.
Future Of Online Gaming
Creators, publishing companies, and even software suppliers are currently establishing the foundation for complete industry upgrades by developing new gaming offerings and introducing immersive environments and improved gameplay, which in turn allows players to finally explore online gaming and enjoy various aspects of virtual entertainment.
In light of this, let’s examine the most fascinating and significant developments that will have an influence on the rapidly evolving gaming industry in the coming years.
Blockchains are here to stay
In a rather contentious move, a number of the major game developers, including Square Enix and Ubisoft, declared plans to incorporate non-fungible tokens (NFTs) as a mechanism for players to win, earn, and trade exclusive in-game items. We’ll probably start to see some of these initiatives become a reality in the next few months.
Since many consider these tokens to be a waste of energy, not all gamers are fans of the concept. This is because the complicated algorithms that run blockchains require a lot of computing power to operate.
However, given that game publishers have stated that they believe the convergence of gaming and NFTs has a bright future and that they are prepared to invest money to make it happen, it is likely to become a reality.
Another emerging trend is the emergence of the “play-to-earn” model that rewards players with cryptocurrencies for participating in daily play and engaging in the game community.
iGaming rising to the occasion
Gambling has always been a popular activity around the world, whether it’s classic casino games like roulette, lottery games, or sports betting. However, as a result of global events over the last two years, the iGaming industry, also known as online gambling, has grown in popularity as land-based gambling facilities and venues were forced to close their doors and cease physical operations.
The variety of iGaming operators available today is almost limitless; you can play an assortment of games like roulette, blackjack, poker, and baccarat, take part in specialty games and live game shows, and place bets on major international sporting events, such as the NFL, NBA, collegiate sports, motorsports, and even the Olympics.
Players have a wide selection of licensed and regulated operators to pick from, and these operators provide an abundance of betting opportunities, a wide variety of payment and banking choices, as well as special bonuses, promotions, and loyalty programs.
The future is in the clouds
Players have learned to expect the requirement to upgrade to a new console or computer every five to seven years in order to enjoy the newest and best titles since the introduction of home video gaming in the 1970s. But there’s a chance that paradigm is no longer valid.
Nearly all of the major companies in the video game industry, including Microsoft, Sony, Google, Nvidia, Tencent, and Amazon, now sell their games through cloud-based subscription services. This concept eliminates the need for gamers to maintain expensive and power-consuming gear such as consoles or PC GPUs in their homes by replacing it with smart TVs and portable streaming devices like Chromecast or FireTV.
The cloud data center acts as the hub for everything, with streaming video serving as the output to households. Additionally, as ultra-fast networks like 5G continue to proliferate, more people will have access to this new method of game delivery than ever before.
Overall, even if it’s not a guarantee that specialized home consoles will vanish from our lives, 2022 has been the year that major industry players have committed more resources to their concept of a streaming, cloud-based future.