Metverse gaming companies globally (including India), nearly one-third of them are funded, according to Tracxn, a market intelligence platform. No doubt, Metaverse gaming holds huge potential. By 2028, the global metaverse gaming market is estimated to reach $ 119.2 billion from $ 22.7 billion in 2023, at a Compound Annual Growth Rate (CAGR) of 39.3%, accord ing to a new report by Markets and Markets. India is also mimicking the trend worldover and has seen investors putting in their money in this space.
In February 2022, a Metaverse Game Development Company raised an undisclosed amount from Bengaluru-based Kalaari Capital for strengthening products, expanding its team and preparing for the metaverse. Similarly, another company League of Kingdoms Arena (LOKA) raised $3 million in seed funding for the metaverse expansion.
Did You Know: 250+ Gaming Companies Globally
The metaverse provides a new economic moat in the gaming arena and hence, looks lucrative to VCs. With lesser phone asset space being utilized, gamers can meet new users in the metaverse and create a parallel existence. With better real time experience, the metaverse is expected to generate greater engagement. Augmented and virtual reality in the sphere of metaverse gaming draws both dollars and eyeballs. The lure for venture capitalists today also lies in the use of non fungible tokens or NFTs which become the currency for play-to earn games.
Says Neha Khanna, Director, ValPro and Enablers: "Gaming today has one of the largest screen time from Gen Z. As the gaming industry is growing in the realm of real money gaming and now in casual gaming, the next step for expansion is viewed in metaverse gaming. With the option to create alternate avatars and engage in social gaming in a different universe, there is growing curiosity and interest arising among users."
"The utility being built around such NFTs will draw a larger market and engagement. Another monetization channel becomes inbuilt experiences as well as commerce on the digital real estate of such games. With a global play to the industry, this also addresses the question of a wide addressable market of users for such gaming companies, thereby, making it attractive even at a nascent stage for venture capitalists." adds Khanna.
Source: Entrepreneur
How Can You Make Money With Metaverse Games?
Gone are the days when gamers were into conventional gaming. Today, what seems to be a trend is the requirement of gamers to combine playing the game with some other pursuits like digitally conducting conferences, performances, or events. This is exactly where Metaverse gaming comes into play. Yet another interesting point to note is that there are a significant number of metaverse games that allow you to earn as well. On that note, have a look at the top 10 most-rewarding metaverse games to play and earn.
1. Axie Infinity
2. Splinterlands
3. My Neighbor Alice
4. The Sandbox
5. Minecraft
6. Sorare
7. Aavegotchi
8. Illuvium
Approaching a professional Metaverse Game Development Company offers unparalleled expertise in creating immersive and dynamic virtual experiences. With a deep understanding of cutting-edge technologies like virtual reality, augmented reality, and blockchain, these companies can craft captivating metaverse games that engage users on multiple levels. Their skilled teams possess the technical know-how to design intricate virtual worlds, implement seamless interactions, and optimize performance for a truly immersive gameplay. By partnering with a professional Metaverse Game Development Company, you gain access to a wealth of experience, innovative ideas, and a proven track record, ensuring your metaverse game realizes its full potential in this rapidly evolving landscape.
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