How Crypto Platforms are Transforming the Online Gaming Industry

The gaming industry has come a long way from the days of arcades. From Super Mario to Grand Theft Auto, the gaming industry has seen quite a lot of transformation in terms of enhancing the gaming experience. It has made great strides in the last several decades. In fact, the worldwide gaming industry, which was valued at USD 173.70 billion in 2020, is expected to reach USD 314.40 billion by 2026, with a 9.64% CAGR between 2021 and 2026. Most of the credit goes to the advancement in technology. The emergence of virtual reality (VR), artificial intelligence (AI), and augmented reality (AR) along with their integrations with gaming consoles like Xbox and PS5 has revolutionized the gaming experience into something completely unimaginable. Moreover, with the mass adoption of blockchain technology happening, the gaming industry is now set to transform massively. Blockchain and crypto are already shaping the gaming sector with innovations and utilities while also massively benefiting gamers and gaming companies. A new wave of disruption is emerging. Evolution of the Gaming Industry Games were first regarded as only a leisure pastime. They were designed by computer engineers to kill time. People then soon realized the importance of playing games and this was the turning point where new names started to pop out. Although Atari, Fairchild channel F, Bally Astrocade, and Mattel Intellivision started the era, Nintendo’s Mario was a ...