Market Trends
The global gaming market is a highly lucrative industry, with an estimated revenue of $203 billion in 2022 and over 2.7 billion active gamers worldwide. The market is expected to continue growing in the foreseeable future, with projections showing a clear upward trend.
Mobile gaming, in particular, is estimated to account for a significant portion of the market, with over 52% of the global gaming market and a projected revenue of $105 billion in 2022.
These factors make targeting mobile gamers a strategic decision for long-term success and growth in the industry. Additionally, focusing on both mobile and desktop/PC users is an optimal approach to reach the widest possible audience.
NFTs, or Non-Fungible Tokens, represent a digital proof of item ownership, transforming the way we perceive and interact with digital assets. While the NFT market experienced a significant surge in 2021, interest appears to have stabilized in recent times. At WAGMI Games, we firmly believe that NFTs are here to stay, and their true potential lies in utility.
Key Market Insights:
- In 2021, the NFT market witnessed an astounding $23 billion in trading volume, showcasing the immense value and demand for these digital assets.
However, we acknowledge that the term "NFT" might not be familiar to all, especially those who are not acquainted with the crypto industry. To ensure inclusivity and comprehension, WAGMI Games will educate players about the concept of in-game item ownership, referring to NFTs as "in-game items" or "digital collectibles." By simplifying the terminology, we aim to make the benefits of NFTs more accessible and understandable to all.
The true essence of NFTs lies in empowering players to take ownership of their in-game collectibles. Through NFTs, players gain the power to buy, sell, trade, and even rent their digital items, transcending traditional gaming experiences.
For content creators and streamers, the inclusion of NFTs opens new doors for collaboration and monetization. By offering unique and valuable experiences through in-game collectibles, WAGMI Games aims to create a symbiotic relationship between players and creators.
Last modified 3mo ago