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Tuesday 07 March, 2023
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Entertainment


FUTURE GAMING TRENDS TO WATCH IN 2023 AND BEYOND

By Yucatan Times on February 8, 2023
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Photo Fredrick Tendong - Unsplash

The progression made by the gaming industry in recent years is undoubtedly one
of the biggest success stories of the new millennium.

What started off as a niche activity centred around limited technological
capabilities has become a sprawling global behemoth worth billions of dollars.

With new innovations hitting the sector at a mind-boggling rate, gaming will
likely continue on an upward curve for many years to come.

With that in mind, we take a closer look at the future gaming trends we believe
are well worth monitoring.

Blockchain gaming

Blockchain gaming gained plenty of traction during the past year and this is
expected to continue as traditional gaming projects incorporate Web 3.0
features.

iGaming platforms like Ignition’s Bitcoin Poker will become increasingly popular
among Web 3.0 enthusiasts, as more resources are ploughed into their
development.

Web 3.0 gaming and metaverse projects have had billions of dollars pumped into
them over the past couple of years as investors wise up to the possibilities.

One of the biggest challenges facing blockchain gaming is overcoming onboarding
challenges, poor gameplay experience and a lack of user knowledge about the
concept.

However, Web 3.0 expert Robbie Ferguson has insisted that the landscape will
look very different as new innovations hit the market.

“$18B has been poured into web3 gaming in the last 2 years, but development lags
behind funding significantly,” he wrote on his official Twitter page.

“Many will go live in 2023 as they hit 2-3 years in development. One moderately
successful hit by Web2 standards (~50m players) will *triple* web3’s userbase
overnight.

“It’s extremely likely the next wave of public adoption and narrative hysteria
will be catalysed by a viral web3 game.

“This will be the first time any web3 project will have meaningfully gone
mainstream. It will almost certainly happen in the next 12-18 months.”

App monetisation

Game developers are constantly under pressure to come up with strategies and
tactics that generate revenues from their creations.

Mobile game monetisation is extremely challenging and should be considered
during the early stages of the development process.

Developers generally adopt one of four monetisation models when creating games –
in-app advertising, in-app purchases, subscription and paid.

However, the next 12 months will likely see a shift towards hybrid monetisation,
particularly with the current economic downturn forcing many gamers to tighten
their belts.

AppLovin’s vice president of global business development Daniel Tchernahovsky
says more developers will adapt their monetisation tactics over the next year.

“As launching new gaming hits has become more difficult, we are seeing more and
more developers take risks and be open to changing their previously winning
formula,” Tchernahovsky said.

“We currently see and predict that we will continue to witness the game industry
developing in its monetisation strategies.

“Whether it’s adopting hybrid monetisation, with IAP partners integrating ads,
and ad-based developers trying to crack IAPs, or new ad formats such as app open
or native, I expect to see a lot of new and creative monetisation strategies
emerge in 2023.”

5G connectivity

The ongoing rollout of 5G Wi-Fi connectivity will have a major impact on many
aspects of society over the next few years.

Online gaming, iGaming and eSports will all benefit from the fifth generation of
cellular technology which has the potential to fire each of them into another
stratosphere.

5G will accelerate development in areas such as multiplayer mobile gaming, cloud
gaming, virtual reality and augmented reality.

With no network latency or lag to contend with, video game live streaming and
other services that rely on this technology will become much more stable.

The burgeoning iGaming sector will benefit from 5G, as this will allow operators
to channel more resources into the development of live casino games.

The competitive eSports sector will also receive a major boost from 5G, with
smoother gameplay experiences one of the main advantages it will provide.

Animesh Agarwal, the founder and CEO of gaming talent management agency 8bit
Creatives, says 5G connectivity will be truly transformational for the gaming
industry.

“The upcoming metaverse, and all virtual reality technology that again would
completely elevate the gaming experience, would be facilitated in large parts by
5G,” said Agarwal.

“One of the reasons why gaming has become so popular in the last few years is
the multiplayer and social experience that games are now able to provide, and 5G
is expected to make that even smoother. To be honest, 5G will impact gaming in
more ways than one.”

Future gaming trends – The Final Word

Predicting what gaming will look like in the future is a tricky task, with the
sector evolving much faster than most people would probably imagine.

However, what is much easier to forecast is that future innovation in the
industry will continue to power significant revenue growth during 2023 and
beyond.




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1 COMMENT ON THIS POST


 1. Charles says:
    March 2, 2023 at 3:56 pm
    
    I have only recently begun to monitor the NFT market. That’s why it’s hard
    for me to make a choice where to invest. I also found a platform
    https://icoholder.com/en/nft with games that are trending right now. And
    with a rather attractive interest rate.
    
    Reply


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