Global Game Industry And Cryptocurrency

A video game is a computer-based game played on a personal computer, gaming console, or mobile phone. Depending on the platform, video games may be classified into computer and console games. However, the rise of social networks, smartphones, and tablets has created new game categories - mobile and social games.

The video game industry has witnessed tremendous evolution since the launch of the first video game in the 1970s. The visuals in today's video games are photorealistic, and they accurately replicate reality to an accurate extent. The global video game industry was valued at USD 195.65 billion in 2021, with 3.1 billion gamers worldwide. 75% of US households have at least one gamer. According to Nwezoo, the global games market will earn sales of $188 billion in 2022, according to research from market data firm Ampere Analysis. The sector expanded 26% from 2019 to 2021, which was more than expected compared to the previous year.

Experts anticipate that there will be 3.6 billion gamers globally by the end of the year. When considering the games market in 2022, it's crucial to remember that 2021 was a year of unprecedented growth. Gaming has exploded due to the COVID-19-related lockdown measures, which have sparked interest across all areas and platforms. However, many believe this industry growth trajectory will continue post-COVID-19 and far into the future. Video game trends show that the industry will likely reach a revenue value of $270 billion by 2026.

Thanks to social media, streaming sites have created an opportunity for gamers to choose gaming as their full-time job and earn revenue. However, not every gamer has the inclination to become a streamer or YouTuber. What if everyday gamers could monetize their grind without being forced to pursue streaming or YouTube careers?

The fundamental concept of gaming is changing at a rapid pace. Blockchain derivative concepts such as decentralized finance (DeFi) and non-fungible tokens (NFTs) are redefining the meaning of gaming in the digital age. Gaming is transitioning from being a money-sucking pastime to becoming a legitimate source of revenue. As one of the few creative platforms pushing this new concept of Play-to-Earn, Katana Inu enters the fray, offering players around the world a new way to approach high-end gaming. With the introduction of Katana Inu, gaming is no longer only a recreational activity. It is also now a money-making adventure. The Katana Inu game incorporates DeFi and NFT principles into its architecture, resulting in an immersive and extremely rewarding metaverse.