The video game industry has evolved at a lightning pace, from the simple Ping Pong to 3D immersive.
The video gaming industry is growing so fast on the pillars of advanced technologies (AR, VR, XR, AI, Etc.) that Variety predicts it will hit $300 billion by 2025.
A new catalyst has come to the front to make the video game industry grow at turbo speed.
Yes, you have guessed it right.
It is metaverse development.
Metaverse is the emerging trend; better to say businesses around the globe are now planning to jump on the wagon and make the most out of the metaverse trend.
- The metaverse market will grow up to $947.118 billion by 2030. (Prophecy Market Research)
- The global metaverse market will reach 1607.12 billion by 2030. (Emergen Research)
Metaverse is flying up to a new height with each day passing. This mainstream technology caters to shape and rejuvenate many industries, including the video game industry. The video game sector does not excel in perfection yet. Multiple issues are choking the video game space right now.
The metaverse development can focus on solving those issues.
Metaverse development companies are gearing up to revamp the gaming sector, creating a novel immersive and interactive world for gamers.
What Is Metaverse?
Before we head straight towards metaverse in gaming, let us go through a brief intro about metaverse.
- The design of a metaverse virtual world aims to connect users worldwide through a shared platform.
- In the metaverse virtual world, people can interact and socialize.
- A metaverse development company leverages advanced technologies like Augmented Reality, Virtual Reality, Blockchain, IoT, 3D reconstruction, and Artificial Intelligence to build robust metaverse platforms.
- Metaverse or the digital replication of the real world ignites the excitement and enthusiasm among the users. The players can interact with each other, share things, purchase game assets, NFTs, Etc.
- The users can also earn within a metaverse environment to pay for their game assets.
- The best part is that the metaverse virtual world exists regardless of the user’s physical presence.
- The metaverse is already shouting loud across the tech and gaming world. Decentraland, The Sandbox, Meta, Etc., are the major players in the metaverse school.
Gartner predicts that global spending on AR and VR will grow by $72.8 billion by 2024.
AR and VR are the two most crucial foundations of metaverse development. The leaps and bound growth of metaverse in the gaming sector is undeniable.
Metaverse Smashing Gaming Industry Hurdles
Despite being one of the fastest-growing industries, the video game industry faces many challenges in terms of gameplay, and payments, to name a few. Gaming metaverse development can aid game development companies in smashing the hurdles blocking their growth.
Improving Gamer’s Posture and Health
Online gaming is the new normal among gamers.
The online gaming market will become a $314 billion market by 2027. (Mordor Intelligence)
Market analysts are considering online gaming as the future of the game industry.
However, online gaming takes a toll on gamers. Many gamers experience severe backache and back soreness sitting on the couch, playing for hours. When the pain springs up, the gameplay turns out less enjoyable.
Metaverse development in gaming adds a different angle to it.
Gamers require to
- Log in to the metaverse game to step their feet in the virtual world.
- Put on the headset to explore the virtual world.
- No longer need to sit on a couch or chair to play the game.
Encouraging Gamers’ Connection and Interaction
There is another limitation of online video games.
It is the lack of connection and interaction between players.
For instance, while playing poker or card online, it becomes unfeasible to read the other player’s actions. The players even feel less connected with each other.
The feeling of connection and interaction between the players makes the game more fun and pleasurable.
Players can read out their opponent’s body language to assume their actions in a metaverse gaming space. Moreover, gamers can control their avatar in a far better way in the metaverse gaming environment.
All these advantages lead a gamer towards a sure chance of winning the game.
Imposing the Right Payment Process
There comes another online gaming issue: payment processing.
Many online gaming platforms still do not offer user-friendly payment systems. Players find it difficult to deposit their money, purchase in-game items, redeem their winning amount, Etc. The prime hindrance is geographical restrictions.
The payment process of Blockchain-powered metaverse game platforms pivots around cryptocurrencies. While Blockchain ensures security in payment processes, cryptocurrencies offer speed and accessibility. Even a trans-border transaction becomes a piece of cake in the metaverse game platforms.
Players can leverage digital wallets for payments instead of depending on banking channels.
Wrapping Up
In 2021, Epic Games raised $1 billion to speed up the long-term visioning of the metaverse. (VentureBeat)
The immersive gaming experience has always been alluring to gamers. The metaverse gaming world is the advanced stage of the immersive game world.
Undoubtedly, metaverse will bring noticeable changes to the video game industry, eliminating the gaming restrictions.
Whether you want to stay tuned with the trend and indulge your video games in metaverse development, feel free to contact EDIIIE. We are a reputable and reliable metaverse development company, developing gaming metaverses to education metaverses with our technological excellence.