The World of Gaming online
Take a closer look at online gaming with our guide to this global phenomenon
Gaming online has seen a massive increase in popularity over the last few years, largely down to the way that mobile phone technology has developed. The numbers of people who play online games has risen massively. Almost everyone you know, including people over the age of 40 who are not necessarily the first people who spring to mind when you mention online computer games, will have played some form of online game in the last few weeks.
This has been partly due to social media, of course, which provides accessible platforms where almost anyone can find games to play that suit their lifestyle and interests. Sports games have become very popular, while we have all heard about games like Candy Crush.
Other types of online computer games remain very popular with younger people who like to play online games. Massive multi-player online games, often referred to as ‘MMOs’, remain hugely popular. World of Warcraft, for example, has become a cultural phenomenon that extends far beyond people’s computer screens or gaming mobile phones and has spawned books, a movie and other cultural products.
Here, we will take a closer look at the world of gaming online and at some of the gaming trends associated with it.
What is gaming online and how do you get started?
Even if you have no interest at all in the digital world or technology, the chances are pretty high that you will have heard of online gaming. It is, of course the act of playing games on the internet. There is tremendous variety in the number and types of games that you can play online nowadays, though. From retro arcade games, to intellectual puzzles, to role playing games, to traditional board games like Scrabble, you really can play almost anything you want online these days.
According to Juniper Research’s published white paper, the numbers of people who now play online games regularly is huge. The Newzoo 2018 Global Games Market Forecast stated that mobile gaming and mobile games has been raising online casino revenue. The proportion rose from 18% in 2012 to 51% by 2018. The Newzoo report also predicted that this trend will continue, and it expected gaming online to contribute up to 59% by 2021.
There are also significant geographical trends in the world of online gaming. In November 2018, China made up almost 28% of global mobile gaming revenue, according to tech website iWeb. Japan is another country which makes a massive contribution to the wealth generated by gaming online. A big role in this is played by the way that gamers in Asia have moved away from their computer screens in recent years and started to use gaming mobile phones.
Online gaming and esports betting
It is possible now to pick up skins during online gaming which can be used to bet on esports. Skins are items that improve the cosmetic appearance of your character in some online games. They do not usually have any effect on the actual gaming performance of the character. They are a particular feature of games like Counter Strike: Global Offensive and Defense of the Ancients 2.
Gamers soon found another use for these skins as competitive esports grew in popularity over the last decade. As esports became more popular, increasing numbers of people wanted to bet on the matches and events for games like CS:GO, Dota2 and the International tournament.
While the betting companies were lagging behind demand, many gamers started betting using the skins that they had collected from their own gaming activities. This allowed gamers to use their skins as a kind of cryptocurrency for betting.
It is also possible to sell skins for real money, something that means successful esports skins bettors can actually make some genuine profit from their betting. It will be interesting to see how the concept of skin betting develops in the online computer games world in the years to come.
Highlights
While we have not been able to cover the entire vast breadth of the topic of gaming online in this article, you now have a snapshot picture of this vast phenomenon. As 5G technology develops and becomes more widespread, we are sure to see more new and exciting developments in the world of online gaming. More powerful, faster gaming mobile phones are sure to arrive on the market too.
As the number of games to play increases new gaming trends are sure to emerge in the years to come, especially with the advent of 5G. Concepts such as virtual reality are sure to have an impact too, especially on the world of esports and esports betting. It is an interesting time to be alive for all fans of online gaming across the world!
Gaming
-
Wenmoon Studios hosts event for upcoming blockchain MMORPG
Wenmoon Studios is hosting a launch event from September 23 to September 27 for their blockchain-based MMORPG Age of Zalmoxis, which recently joined the cryptocurrency trading platform MEXC. Users who hold at least 10 more MX or USDT can sign up to earn a share of the 1 million KOSON, the native token of Zalmoxis, distributed throughout the event. Registering for this event will also allow users to utilize the newly impleme [...]
-
Worldspark Studios launches NFT collection for Sparkadia platform
Blockchain gaming developer Worldspark Studios launched its first NFT sale, Sparkadia Origin Collection, on Rarible and TokenTrove on September 20, 2022. The NFT collection will be usable for all games within the Sparkadia ecosystem and provide small bonuses like unique trophies or discounts on future sales. "Sparkadia refers to an interconnected series of games, each developed by Worldspark Studios and all linked together [...]
-
Iskra raises $40M to host TGE, develop platform
Iskra has raised $40 million from Korean tech giants to hold its first-ever Token Generation Event on Gate.io on September 29, 2022, and continue to develop its Web3 gaming platform. The fundraising involved companies such as Netmarble and LINE Studio also showed that Iskra is planning to pursue its goals despite the recent crypto market crash a few months ago. Iskra's Token Generation Event is a landmark in the developm [...]
-
Vulcan Forged raises $8M for MetaScapes, North America expansion
Blockchain gaming platform Vulcan Forged recently raised $8 million in a funding round led by SkyBridge Capital to accelerate the development of MetaScapes and expand its operations in the North American region. SkyBridge Capital additionally has the option to invest an additional $33 million. https://twitter.com/VulcanForged/status/1572568940211208192 Vulcan Forged is looking to promote the adoption of MetaScapes — its [...]
-
Native crypto projects may benefit from market crash
Blockchain gaming's future could shift after the recent market crash caused some companies to reconsider investing in the play-to-earn market. Despite the industry rapidly growing with titles such as Axie Infinity and Decentraland experiencing rapid growth and minting NFTs worth tens of thousands of dollars, trade volume and player engagement have begun to fall off. With companies and investors suffering massive losses, mos [...]
-
META8 prevails in Axie Infinity’s largest tournaments
Web3-focused esports team META8 emerged triumphant in the two largest Axie Infinity events, including the recently concluded Axie Infinity's first World Championship, and took home a combined $229,000 in winnings. Theeban "1437" Siva was a dominant force in the Axie Infinity "Origins" tournament at AxieCon, claiming the title without dropping a single game. He previously competed in other esports titles such as Dota 2 on we [...]
-
Nvidia launches Omniverse Cloud Service in over 100 countries
California-based tech giant Nvidia has launched its Omniverse Cloud Service, a set of cloud services that enables developers to use metaverse applications anywhere in over 100 countries to stimulate the global adoption of the metaverse. With the software-as-a-service product lowering the barrier of entry for metaverse development, the company is trying to get more developers and users into the metaverse and Web3 ecosystem usin [...]
-
P2E Cooking Game OneRare Now Available On Polygon Mainnet
NFT-based play-to-earn cooking game OneRare has launched its first "Foodverse Island" on the Polygon mainnet, allowing players to mint NFT dishes and earn rewards for their time in-game. As one of the industry's first food-based metaverses, OneRare is a blockchain project with a mission. The food gaming platform is looking to provide players with a rewarding, play-to-earn experience while also creating a positive, lasting i [...]
-
MegaFans Announces Asia Tour In Bid To Expand Presence In Region
Mobile esports platform MegaFans has announced a full-scale business development tour for Asia in September 2022 in a bid to expand the company's presence in the region. MegaFans chief executive officer Jeff Donnelley will travel to various events such as the Tokyo Game Show and Token2049 in Singapore to collaborate and build ties with several Web3, blockchain and game developers. "Now is the time to build. The market is soft [...]
-
Crypto experts discuss blockchain gaming’s current issues
A panel at Wild Digital SEA 2022 featuring three cryptocurrency specialists discussed the current state of play-to-earn games, the problems those games face and potential solutions. The panelists included the founder and CEO of STEPVR, Cheng Guo, the head of China at Polygon, Cora Chen, and the co-founder and chief technology officer of Cake DeFi in Singapore, U-Zyn Chua. When asked about the current state of play-to-ear [...]