Digital Arms -WHY METAVERSE GAMING IS THE FUTURE
Unless you have been living under the Himalayas for the past few months, it’s less likely that you have missed the hype, excitement, and confusion about the Metaverse. To some people, the Metaverse is a place to immerse themselves in a digital environment and be involved in any physical reality. To others, it’s seeing the Metaverse from the apparent applications of Virtual and Augmented Realities by giant companies like Roblox, Fortnite, and Second Life. It gets muddy when we think of the Metaverse as the collaboration of massive online games. While excitedly provocative, no technological advances by gaming or entertainment companies fit the description. If we question this definition, then it’s safe to conclude that our digital presence already exceeds physical life — many will believe that we are already in the Metaverse, with our best friends and distant families dotted across different telegram channels or discord servers and main assets in digital currencies. There is a clear conclusion as we stretch these definitions to fit different configurations. The Metaverse is a spatial internet, upgraded to contain spatial experiences. It is simply an internet, updated and enhanced to provide spatially assembled experiences and information through real-time 3D content and synchronous interaction. This article focuses on how and why metaverse gaming is the future. It distills what most investors, enterprise decision-makers, gamers, and creators economy players need to know whether they are in the NFT space or gaming industry.
GAMING BEFORE METAVERSE
Beyond serving as sales channels and engagements, the global gaming industry is a profitable industry with more than 3.24 a billion gamers worldwide valued at about USD 173.70 billion in 2021. With a projected CAGR of 9.64% between 2022–2027, this figure is estimated to reach more than USD 314.40 billion by 2027. Recently, there have been massive surges in revenue and players in the video gaming sector following post-pandemic market trends. As these platforms grow, Statista reports that more than 222 million new users entered the gaming sector over the past 12 months. This growth in Internet gaming motivates the development of open-source capturing tools and the launch of video games. It has also led to an increase in the average number of hours spent playing games. Apart from generating unique and exciting moments, these games also facilitate healthy competition and creative content.
If we look deeper into games like Animal Crossing, Minecraft, and Fortnite, we will see huge player bases that brands always want to tap into. For instance, brands like Marc Jacobs and Valentino began contributing looks for Animal Crossing’s 30 million players following its popularity in 2020. We have also seen brands like Glossier and H&M appearing on the platform to tap into the opportunities provided by the user base. This demonstrates that earlier games were a garage of interactive entertainment. With technological advancement, the industry became fascinating and informative. For as long as we have existed as humans, we have shown to be social creatures who value shared excitement. What matters most to us is sharing
social experiences with fellow humans with joy and positivity. Think about the games you played with your friends. I bet that puts a smile on your face. Can we get a virtual equivalent of this physical reality? Probably yes, of course, with gaming companies. Historically, every gaming theme is designed to deliver active social experiences to its core users. If we are spending more time on video games, desire immersive in-game experience, and games are inclusive of our real-life characters, shouldn’t we look towards creating this virtual experience?
Now that digital technology has advanced, video game technology is powering an infrastructure that brings immersive and interactive experiences to gamers. These players were into multiplayer games before the emergence of blockchain-powered games. However, blockchain has introduced new opportunities and created a gaming economy that enables the tokenization of video items, social interactivity, virtual coworking, and commerce. As entertainment, social, and technology converge, the struggle to build a gaming economy in the Metaverse is on. Game on.
MIXING PLEASURE WITH BUSINESS — WHEN GAMING MEETS METAVERSE
The idea of a metaverse looked like science fiction for a long time, but some of its concepts are closer than we imagine. We have started seeing many proto-metaverse use cases and huge investments from startups, VC funds, and giant tech companies. By creating a visual and immersive experience, Metaverse will have far-reaching impacts across all sectors through 3D visualization, IoT, and blockchain. Although Metaverse is for everyone to build and benefit from, the gaming industry embraced it earlier to unlock its full potential than other industries.
Majority of the population in the High Earning, Not Rich Yet (HENRY) countries, such as Nigeria, China, and India, dream of an interconnected network of 3D virtual space where they can port their gaming profile anywhere and across platforms. This fully encapsulates Metaverse’s offerings since gaming is where virtual experience has been the most immersive. In addition, there are ongoing conversations in the gaming world where virtual communication and NFTs are impacting the gaming economy, in-game asset ownerships, and creating a new create-to-earn economy for creators, gamers, and publishers.
ONBOARDING PASSIONATE CONSUMERS INTO THE METAVERSE USING NFTs
It is worth noting that an open metaverse won’t be about games. As the next stage of our social gathering in the digital environments, it will have huge impacts on entertainment, hunting, physical assets, friendship, and work. Also, it will be a mistake to think games are just “games” in 2022. Instead, they are a social space and an artform as Metaverse allows portable digital assets within the virtual world. Thus, restricting Metaverse and NFTs to just games will be a great disservice.
In the Metaverse, the interwoven connection between activities and social features will drive new business models and create a unique shared experience. As different industries are capitalizing on this wave, Digital Arms aims to provide an NFT platform that enables firearm and gaming enthusiasts to participate and own a digital version of their favorite firearm.
By enabling passionate consumers in the hunting and gaming world to enter the NFT industry and own digital collectibles, the tradable NFTs on Digital Arms will be built from computer-aided designs (CAD) to create the exact digital replicas of world-famous firearms. The beauty of NFT is in its rarity; hence, users on the platform can acquire, sell, and trade their NFTs on Digital Armory — an easy-to-use blockchain-based NFT marketplace designed to accommodate individuals without prior cryptocurrency trading experience to navigate through the product and offerings of Digital Arms.