How Could Metaverse be a Game Changer for the Virtual Gaming Industry?
The debut of the gaming metaverse powered by VR technology is creating massive hype in the gaming industry and has become the talk of the town among gamers. According to recent studies, more than 52% of gamers in the US believe that the Metaverse can revolutionize the gaming industry. As per the latest industry reports, the global metaverse market is expected to reach $1,527.55 billion by 2029 from $100.27 billion in 2022, at a CAGR of 47.6%. This growth contributes to a surge in the adoption of online video gaming based on AR/VR trends and technologies. Virtual Gaming Before and After Metaverse Initially, first-generation games were less interactive and allowed less control from the payer. Further, the second-generation games allowed playing virtual games with and without financial commitment leading to better engagement. Post this, the virtual gaming world was majorly based on blockchain-powered games involved with signi...