With advancements in technology, games have become more accessible and immersive than ever before, attracting people from all walks of life. The Gaming Market was valued at $198.40 billion in 2021, and it is expected to reach a value of $339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.
Today, gaming has become a keystone in the entertainment sphere – replacing TV and even movies in key demographics. Constant innovation and technological advancement such as 3D graphics, VR, and AI that video games are continuously evolving and players want more realistic, fully immersive simulation for their gameplay.
Mixed-reality experiences, #Blockchaintechnology, NFT, and virtual worlds like #Metaverse are what web 3.0 would mean for the consumers. Hence, gaming companies have already started to work towards these advanced technologies for a better consumer experience in the gaming space.
Despite its popularity, this booming industry still faces many challenges such as guaranteeing fair play models and creating effective payment systems. Luckily, upcoming technologies like blockchain are gradually solving these pain points.
At its core, blockchain tech introduces decentralized and secure solutions that can be used to power a wide range of functions within the gaming industry. Most notably, non-fungible tokens; these are unique digital assets that can be traded and sold on secondary markets without third party interference.
Unlike the centralized traditional gaming ecosystems, NFTs allow gamers to truly own their virtual items and to participate in decentralized tournaments with minimal risk of fraud or tampering. Will the next era of games be hosted on blockchain?
Going forward, it is likely that most games will pivot into the metaverse. It is a new platform and a new application type, similar to how we talked about the web and websites in the early 90s. This explains why tech giants such as Microsoft and M.
With advancements in technology, games have become more accessible and immersive than ever before, attracting people from all walks of life. The Gaming Market was valued at $198.40 billion in 2021, and it is expected to reach a value of $339.95 billion by 2027, registering a CAGR of 8.94% over 2022-2027.
Today, gaming has become a keystone in the entertainment sphere – replacing TV and even movies in key demographics. Constant innovation and technological advancement such as 3D graphics, VR, and AI that video games are continuously evolving and players want more realistic, fully immersive simulation for their gameplay.
Mixed-reality experiences, #Blockchaintechnology, NFT, and virtual worlds like #Metaverse are what web 3.0 would mean for the consumers. Hence, gaming companies have already started to work towards these advanced technologies for a better consumer experience in the gaming space.
Despite its popularity, this booming industry still faces many challenges such as guaranteeing fair play models and creating effective payment systems. Luckily, upcoming technologies like blockchain are gradually solving these pain points.
At its core, blockchain tech introduces decentralized and secure solutions that can be used to power a wide range of functions within the gaming industry. Most notably, non-fungible tokens; these are unique digital assets that can be traded and sold on secondary markets without third party interference.
Unlike the centralized traditional gaming ecosystems, NFTs allow gamers to truly own their virtual items and to participate in decentralized tournaments with minimal risk of fraud or tampering. Will the next era of games be hosted on blockchain?
Going forward, it is likely that most games will pivot into the metaverse. It is a new platform and a new application type, similar to how we talked about the web and websites in the early 90s. This explains why tech giants such as Microsoft and M
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FICCI in association with Industry partner - Emurgo India, is organising a power-packed workshop intended to update you on the significance of Blockchain as an extremely disruptive technology and how its adoption in your domain is going to impact your business and revolutionize it.
You will come to understand the benefits of adopting blockchain-based solutions, what are how your particular Industry domain is adopting it, and most importantly how it will give your company a competitive edge going forward.
This workshop will help debunk common misunderstandings, clarify technical jargon in a simple-to-understand manner and help you mentally adapt to the latest technological innovation called Blockchain and how it can make strong business sense for your company to adopt it.
Workshop Highlights
Open to all Blockchain enthusiasts
Basic know-how on Blockchain & its application
Workshop Coverage
What is Blockchain? How is it different from current technological solutions?
High-level understanding of how it works. What are Smart Contracts? How are they disrupting the industry?
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Common misconceptions around blockchain. Hype vs. Reality.
A broad look at various Industrial domains and how they will evolve due to adoption of Blockchain-based solution.
Use cases - A detailed look at various Industrial sectors and how they are currently benefiting from the adoption of blockchain technology.
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FICCI Masterclass on Blockchain as a Technology and its Impact on Industry
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India is only second to China in terms of internet users. Plus, the number of active users recorded as 451 million in 2019, are expected to reach 829 million by 2021. With rapid technological advancements, the number of online game developers rose to 275 in 2019 from a meager 25 in 2010. India is on the fast track to becoming a development center for gaming companies. Secondly, adoption of digital payment methods: Digital payment platforms are expected to grow from 100 million users recorded in 2019 to 300 million users in 2022. This has contributed to an increase in online payments on gaming portals. Games are highly engrossing, which makes them ideal to earn revenues. If the content and graphics are good, the gamer will not mind waiting a few seconds for an ad before continuing with their game. Smart monetizing strategies are further making the online gaming sector a hit business.
The number of gamers should reach 440 million by 2022, from about 360 million last year. Popularity of gaming, including e-sports, has surged through the pandemic that has restricted mobility beyond home. The category expanded 12% in 2020, even as the growth was curtailed by a ban on PUBG. But after the pandemic, there was an increase of 90% in the number of people playing esports, while viewership doubled to 17 million, hosted across 14 broadcast platforms. Interestingly, customers are moving toward high-end products like gaming laptops and are investing in more expensive accessories. At the same time, gaming companies are organizing daily practice matches and monthly professional league tournaments, which adhere to global standards of infrastructure, professionalism and skill-level
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Technology video | 139 views
The #gamingPC and gaming monitor market have seen significant growth in recent years, driven by factors such as the increasing popularity of #esports, the rise of streaming platforms, and advancements in technology.
A three-year growth streak for gaming PCs and gaming monitors came to an end in 2022 as worldwide gaming PC shipments declined 6.4% while gaming monitors declined 7.1% compared to 2021, according to the IDC.
IDC expects 2024 to be a year of recovery as 2023 will be marred with macroeconomic challenges, inventory issues, and lack of meaningful upgrades.
'Excess inventory carried over from 2022 is leading to discounting of older generation systems while also hampering re-orders of the latest generation of gaming PCs,' says Expert. 'The vast supply of add-in boards in the secondary GPU market further compounds the issue as it helps prolong the life of existing gaming desktops and surpasses demand for new systems.
Today's Headline in NewsHours
0:00 Intro
2:47 Intel co-founder & pioneer in the semiconductor industry Gordon Moore dies at 94
3:20 #ICMR comes up with ethical guidelines for AI in biomedical research, healthcare
3:56 Amid global crisis FM Sitharaman reviews performance of public sector banks
4:23 #WhatsApp reportedly working on video message feature for iPhone users
4:55 #Meta Sued For Contributing To 'Mental Health Crisis'
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#monitor #gaming #r #pc #computer #lizard #monitorlizard #varanus #lapto
Technology video | 113 views
The NFT Marketplace has exploded into the mainstream recently. This is because of incredible blockchain technology that promises to remake the internet and redefine how people think about ownership. The fact is NFT has the technology that existed then can seamlessly and flawlessly track authenticity and provenance in a decentralized, tamperproof manner. All this talk about Web3 can be a little disconcerting. After all, most of us are still adjusting to the new socio-political reality that social media created, so the thought of a new version of the internet can be overwhelming. Whereas, the NFTs shift, made the crypto paradigm by making each token unique and irreplaceable and thereby making it impossible for one non-fungible token to be equal to another. This is because they are digital representations of assets and have been likened to digital passports because each token contains a unique and non-transferable identity to distinguish it from other tokens. The world of crypto-bros and digital creators is no longer limited to non-fungible tokens. Luxury brands are also joining the fray by 2022. Taking advantage of the value that NFT ownership provides as well as the technological innovation they offer, a growing number of brands are partnering with market-places, crypto-artists, and other NFT-experts.
Web3 is a world-changing opportunity to make a better version of the internet and wrest it away from the behemoths who control it today. Web3 will make some people a lot of money. But many other people will lose their shirts. At the same time, NFTs are valued by market demand, and their individuality often drives this value higher. It’s the same principle the luxury industry uses, such as Hermès’ limited edition Birkin bags that drive a frenzy about obtaining them. So much buzz is being generated around their potential explosive combination partly because NFTs and luxury goods are both based on scarcity. It is also worth exploring whether NFTs can help r
Technology video | 68 views
FICCI Industry Meets Science Session on Blockchain
News video | 146 views
The #onlinegamingindustry has demonstrated itself to be one of the most successful business sectors to integrate the Internet into its business models. The competitive gaming market in India is expected to more than double from $1.5 billion in 2021 to $3.5 billion in 2024. India, at a CAGR of 33.3%, is predicted to be the fastest-growing paid competitive gaming market followed by the US.
Nearly two-thirds (64%) of paid gamers in India spend their money on in-app purchases while 57% spend on gaming subscriptions on consoles and other platforms, according to a consumer survey.
Today's Headline in NewsHours
0:00 Intro
2:46 #Google introduces Passkeys while bidding goodbye to Passwords
3:28 #Salesforce announces conversational AI-assistant Slack GPT
4:01 Google unveils Pixel Fold prior to its I/O 2023
4:31 #WhatsApp updates its Polls feature; lets users caption photos before sharing
5:00 TCS to build ChatGPT-equivalent generative AI solutions
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Paid gaming market | The Ultimate Paid Gaming Experience: Best Games of All Time'
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