THE TREND OF MMORPG
The increasing penetration of the internet is boosting the growth of MMORPG gaming across the world. Access to the internet in developing economies such as India and Brazil, among other countries, is aiding internet users' growth. According to the India Brand Equity Foundation, internet penetration in India accounted for 50% in February 2020 from 4% in 2007. Also, according to the data of GlobalWebIndex, it indicates that more than 1 billion people worldwide are now interested in internet streaming.
The increasing trend for online gaming among millennials has led to the creation of a virtual world for video gamers, where they get a virtual economy, currency, trade environment, and real-time scenarios to deal with. With the help of advanced gaming technology, the game developers successfully keep the gamers engaged in the role-playing games and encourage them to stake more real money to receive the benefits or "boosters" over the games.
Play-to-earn MMORPG games have been taking over the globe recently, as they have offered a way for emerging economies to pay the bills amidst the massive layoffs from the COVID-19 pandemic. This strategy has facilitated the MMORPG game publishers and developers to generate more sales by retaining players and attracting others. According to the Enterprise Software Association, almost 50% of gamers have made a microtransaction in the past year.
The MMORPG games remain largely centralized and majorly dependent on the developer's willingness to support the game with updates. With the outbreak of the COVID-19, the market is witnessing positive growth and the increasing popularity of online multiplayer games, as people stay at home maximum time due to lockdowns being imposed by various governments and to stay safe from being affected. According to Verizon, the increase in gaming traffic was witnessed during peak hours by 75% over the last week.
The MMORPG gaming market is fragmented in nature and comprises a large number of global and regional players. These players are majorly based in the Asia Pacific region and are focusing on expanding their consumer base. These gaming developers are investing more in the research and development activities to offer new solutions for gamers. The companies are also entering into strategic partnerships, and other organic & inorganic growth strategies to earn a competitive edge.
About AnimverseΒ
π¦ Animverse is a metaverse play-to-earn MMORPG game inspired by global phenomenon Animes/Mangas like Dragon Ball, Naruto, OnePiece. The game is based on Blockchain technology and NFTs, empowering the players, artists and creators to the next level of Role Playing Game.
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