Some aspects of the economy of the gaming industry in 2022

More and more people are playing video games and mobile games; analysts predict that the total value of the gaming industry will exceed $ 200 billion in 2023. However, video games have become a full-time job for many people today: the current generation of gamers earns millions with their favorite pastime. Some methods have been around for years, but the latest trends emerged just a few months ago.

Play-2-Win NFT games and guilds

One of the most exotic ways to make money in gaming is probably the Play-2-Earn (“Make Money Playing”) projects, which have emerged en masse due to the rise of blockchain technologies and cryptocurrencies. These games offer users the opportunity to earn real money by making goals in the game. There are many such projects: Axie Infinity, The Sandbox, League of Kingdoms, etc.

The idea is almost similar: users have to buy game characters, resources, and various visuals to get started playing. The price of these virtual items ranges from a few cents to hundreds of dollars, but they should be purchased in the game currency. Then, users who have purchased the necessary characters and resources start competing with each other and challenging the game, so they will receive a reward in the form of game currency, which can be converted into real money. It means that the money in the game becomes a cryptocurrency

In the midst of the heyday of Play-2-Earn games, special organizations emerged: NFT guilds. In this case, NFT is a package of game characters and features. Guilds buy characters in various games and then employ “recruits” (players) who play with these characters; all revenues are divided proportionally between recruits and a guild.

If you think this is all too complicated and confusing, don’t worry, you’re not alone. Most people have not heard of these Play-2-Earn projects.

Esports: elite games

The most common career for players is e-sports. Sports is a video game competition. In fact, it is like traditional sports, for example, football. Professional players play for e-sports teams, have coaches, directions, training bases and other attributes of a professional sports team.

The salaries of professional players reach one hundred thousand dollars a year, but they are the ones who earn the most with the victories of the tournaments, for example, the winner of The International 10, Team Spirit won $ 18 million, and most of the sum was received by five players on the main roster. And it’s no exception: the highest-performing players regularly win millions of dollars in world tournaments.

Streaming – current generation television

Of course, as in traditional sports, only a few become professional players. Many other players have to find alternative ways to make money with games.

One such alternative is a career as a streamer. Online streaming is an online streaming of video game games, which is hosted on special platforms such as Twitch.

Many readers may wonder why someone would rather see someone else play than play in person. But here’s the thing: streaming has become a mass phenomenon. Every day, millions of people join the live broadcasts of favorite players who communicate with viewers in a chat. Viewers reward streamers with donations, which sometimes reach tens of thousands of dollars. The most famous steamers gather a large audience in their broadcasts and even collaborate with celebrities. One of the most famous examples is the Ninja’s stream along with hip-hop artist Drake. More than 600,000 people were watching this show at the same time.

How will people play in the future?

Forecasts in some areas of the gaming industry are quite vague, but there is a trend, which brings a positive effect for both the national and global gaming industry. We are talking about the metaverse. Many experts predict that the development of metaverses will help build the video game industry.

The founder of the company Epic Games, the developers of Fortnite, claims that metaverses will become a multi-trillion industry. These technologies allow game developers to create incredible virtual worlds. And gamers and entrepreneurs around the world can continue to look for ways to turn their hobbies into profits.

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