Everyone knows that gaming is popular. In fact, it has been oft-cited that gaming is now bigger than both the movie and music industries, combined! But, we are here to argue that now is the time to invest in the gaming industry.
Why?
One word. The Metaverse.
When Mark Zuckerberg first announced that his company, social media giant Facebook, would be rebranding to Meta last year, many people knew that the large company’s push for the metaverse would have a direct impact on how social media would look in the very near future.
What many might not have anticipated is how the metaverse would be the key to making gaming the most attractive entertainment industry to enter today. With the introduction of the metaverse into the mainstream, there are many people who believe that gaming is on its way to a new era.
In this article, we will be discussing four reasons why now is the time to invest in the gaming industry (and yes, it is all going to be related to the metaverse).
Before we start, however, we would first like to introduce you to joystickgaming.io!
If you are reading this, we take it that you have a keen interest in metaverse gaming and the next generation of gaming altogether. If our hunch is right, Joystick should definitely be on your list of sites that you should go ahead and visit today.
What is Joystick? Joystick is one of the most trusted online sites that provides a comprehensive, extensive, and high-quality look at metaverse gaming. They provide articles, guides, reviews, how-tos, and anything and everything on metaverse gaming and gaming in general.
A no-brainer, if you ask us!
With that, let us now start talking about the four reasons why now is the time to invest in the gaming industry.
- NFTs and Games are starting to come together
NFTs, or Non-Fungible Tokens, are digital assets that have become more and more popular with the emergence of the metaverse. And as we speak, game companies are now starting to find unique ways to integrate NFTs into their video games.
The introduction of NFTs in video games is adding a whole new dimension to how video games are played, traditional game mechanics, and the overall playability of modern video games.
- Virtual reality technology and virtual reality gaming are at their peak
Another reason why now is the time to invest in the gaming industry is the increased prioritization of virtual reality innovation with the dawn of the metaverse and metaverse games.
As we all understand it, the metaverse is a hot pot and combination of the internet and virtual and augmented reality technology. With the introduction of the metaverse into games, we will no doubt see more video game titles that are going to integrate VR technologies in their respective game mechanics!
We can also safely expect that VR technology itself will begin to mature, especially since VR is expected to be a huge pillar of the metaverse as a whole. This means that more VR headsets, motion controls, AR glasses, or these types of VR and AR gaming technologies will not only be more refined, but they will also probably be more affordable and accessible as well.
We feel that right now, we are entering into the peak of VR gaming technology!
- The rise of play-to-earn gaming
Perhaps the most appealing reason why now is the time to invest in the gaming industry is because of the rise of the play-to-earn genre in video games.
Yes, you heard that right. Play-to-earn games, as the name suggests, allow gamers to earn real-world money while playing. Without going into the nitty-gritty, this is due in large part to the integration of crypto in the metaverse.
With this integration, more and more play-to-earn games will pop up and it is going to be a no-brainer for gamers (and even non-gamers) to try it out! I mean, earning money while playing games? What’s not to love?
- The creation of a new and innovative gaming economy
Last, but absolutely not least, right now is the perfect time to invest in the gaming industry because of the budding rise of a new and innovative gaming economy centered around the metaverse and NFTs.
As we mentioned earlier in number one, because NFTs will be integrated into most metaverse games, more and more items will be available for exchange in the video game space.
Think skins, collectibles, skills, and cosmetic items — the possibilities are endless! The gaming marketplace is poised to turn into an uber-diverse part of the metaverse and it is an absolutely golden reason why you should at least take a look at investing in the gaming industry today.
With that, we have now finished diving into some of the metaverse-centered reasons why we believe that now is the time to invest in the gaming industry. Whether or not we have swayed you with our reasons, you have to admit, right now is an undeniably good time to get into gaming, especially with the rise of the metaverse.
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