🤯ESports, Virtual Reality Games, and NFTs - How Zen Fighters Leverages Three Booming Phenomena
PreviousNFT eSports - A Revolution in the Gaming IndustryNextZen Fighters & The Play-And-Earn Advantage
Last updated
Last updated
Zen Fighters stands at the crossroads of three global megatrends - eSports, VR Games, and NFTs. All three niches are expanding exponentially:
The eSports market is expected to grow from $1.1 billion in global revenues in 2020 to almost $1.6 billion by 2023, an increase of 50%+ in only three years:
eSports are becoming a powerful magnet for hundreds of millions of spectators across the world. The global eSports audience is expected to skyrocket from 593 million in 2019 to 943 million by 2024.
Twitch, the world’s major platform video game live streaming, has grown to 140 million monthly users from 55 million in 2015. This figure is expected to top 187 million by 2023:
Major eSports games all generate significant revenues:
Dota 2, a multiplayer online battle arena (MOBA), is home to the most lucrative annual esports event (over $224.7 million awarded) and generates up to $400 million in annual revenues from player fees, tournament betting, and in-game “cosmetics” (player add-ons). There are an estimated 10 million monthly users.
League of Legends, a multiplayer real-time strategy action game popular in Asia, generated $1.75 billion in revenues in 2020. The World Championship in 2018 final was streamed by over 100 million viewers.
Overwatch, a team-based multiplayer first-person shooter game, has totalled more than $1 billion of in-game sales, almost only cosmetics, since launching in 2016.
The global VR gaming market is forecasted to grow from $21.8 billion in 2021 to $69.6 billion by 2028:
An estimated 58.9 million people used VR at least once per month in 2021 in the US and 171 million worldwide. Demand for standalone VR devices will grow over 16x times between 2021 and 2028.
Non-Fungible tokens are a form of digital asset, whose ownership is recorded on Blockchain. Each NFT is unique, as it corresponds to a specific digital asset - be it an image, video, or an in-game tool. The NFT market has been dynamic recently, with the total value of NFTs rocketing to a new record high of $43 billion in October 2021.
Zen Fighters brings unprecedented innovation to the gaming market by merging virtual gaming with NFTs . This is called by Bloomber the place "where crypto, gaming and capitalism collide" and the next stage in the evolution of the gaming sector. The revenue-capacity of NFT games has proven to be significant:
Axie Infinity, one of the most popular NFT Metaverses, is on track to generating $2.7 billion in 2021, with an in-game currency with a market value of $9 billion.
Sandbox, an Ethereum-based NFT gaming platform, is generating NFT sales of over $3 million per day.
Parallel, a sci-fi card game based on the Ethereum blockchain, generated $105 million in NFT sales in August 2021.
Zen Fighters merges in one game the utility and value of NFTs with the excitement and addictiveness of VR gaming. And, with the addition of live spectators and tournament streaming, the game taps directly into the eSports boom.
