Metaverse Based Games: Future Of The Gaming Industry

What Is The Metaverse?

The Metaverse is a virtual reality, or virtual universe, in which people can do many of the same things they do in real life. Users would be able to work, play, exercise, socialize, and undertake various other activities. In the Metaverse, users can start a business, buy land, produce art, and attend virtual concerts.

Metaverse And Gaming

When it comes to providing an immersive digital customer experience, the Metaverse is one of the next big things. An increasing number of organizations are looking for ways to use it.

Recent Growth Of The Metaverse

The pandemic’s lockdown helped people appreciate the power of the game industry. According to Axie and Allen Wood, users have increased with 250000 active users and 90000 Ethereum traded.

The Biggest Names In Metaverse

A lot is going on to give the Metaverse a specific future. Let us look at the corporations at the forefront of this leap:

Meta

‘Meta,’ the term Mark Zuckerberg chose to replace Facebook, is the most lively name behind the sudden eye-catching demand for Metaverse. The IT behemoth made a significant investment in virtual reality, acquiring Oculus in 2014.

Minecraft

Minecraft is a virtual environment that is popular among people of every age. Minecraft is a computerized version of Legos in which players can create their avatar and play as they decide.

Microsoft

Microsoft is a forerunner in the IT industry, and everything they say can be seen as the future. The company is developing mixed reality and XR (extended reality) apps. Its Mesh platform mixes the real world with virtual reality and augmented reality.

What The Future Holds For Metaverse Gaming

The gaming industry is presently worth $200 billion and is expected to grow at a CAGR of 10% between 2020 and 2024. Conversely, the global movie industry is predicted to break the $130 billion mark for the first time in 2022.

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