Do you like playing video games, exploring a new world, creating 3D avatars, and interacting in a virtual world? If so, metaverse-powered VR technology is creating hype in the gaming sector. The term shifted people’s interest worldwide when Facebook changed its name to Meta.
According to a survey, 52% of gamers in the US believe that metaverse has the power to revolutionize the gaming industry. Also, as reported by GlobeNewswire, the global metaverse market will grow from $100.27 billion in 2022 to $1,527.5 billion by 2029. This growth indicates the adoption of AR/VR gaming all across the world. Let’s understand how the metaverse will be a big revolution in the gaming industry.
How will the metaverse change the future of VR gaming?
Metaverse is a connected network of a 3D virtual world that can be accessed through VR headsets. The gamers can navigate through eye movements, voice commands, simulators, and feedback controllers. In order to develop metaverse games, businesses should partner with a company that offers metaverse development services. As the experts can help leverage the power of modern technologies like AR, VR, IoT, blockchain, and artificial intelligence to develop immersive and powerful apps that will take you to the next level.
The combination of VR and AR technology in the metaverse will help create more realistic, immersive, social, and engaging gaming experiences. The integration of blockchain technology will make the in-game ecosystem more secure and transparent. For example, Decentraland, an Ethereum blockchain-powered virtual space where users can buy, and sell virtual assets and play games.
Moreover, to witness the power of the metaverse, tech companies are also making a huge bet on it. With Microsoft’s huge $68.7 billion acquisition of gaming corporation Activision Blizzard, the company’s wish to be in the gaming world is clear. Not just tech giants but non-tech enterprises are also securing their position in the 3D world. Walmart is in the process of offering virtual merchandise in its online stores using NFTs and cryptocurrency. However, Nike, the biggest sportswear brand, is filing new trademarks to sell virtual Air Jordans.
Undoubtedly, the metaverse will take VR gaming to the next level in many ways. So, let’s take a look at it.
Social interaction in virtual reality
As technology evolves, companies that offer metaverse app development solutions will revolutionize social interaction within the gaming world. They can help businesses build a platform where players from all over the globe can connect and play with each other. This will open new opportunities for cross-game tournaments, events, and collaborations.
Moreover, metaverse will offer seamless and immersive experiences through enhanced graphics and AR/VR. The possibilities are endless – players will be able to become their avatars, play games, buy/sell digital assets, live in their fantasy land, and much more.
Engaging and flexible gaming experiences
With metaverse, players can enjoy out-of-world experiences where they can play, work, earn money and even attend virtual tournaments. They have the flexibility to create their content, build sub-games within a particular game and treat metaverse space as a platform to do other activities. For example, Cens World launched Future Metaverse Open World Game of the Century which facilitates its players to create their own stories and give personalities to their characters in the game.
Possibility of portable game assets
The interoperable architecture of the metaverse will enable you to take your in-game purchases wherever you go. This means that gamers can use them in different games as well. Weapons, skins, or avatar enhancements that you bring in one game can be used in another different environment. With portable game assets, you can create your own game economy.
Metaverse in VR gaming has the potential for an in-game economy. This means players can earn virtual currency through in-game actions that could be used to purchase virtual goods or can be even exchanged for real-world money. This would offer gamers additional incentives and opportunities while providing new revenue streams. The use of a metaverse also has the potential to enhance marketing and advertising efforts within the gaming industry.
Now that we know the potential of metaverse gaming, it’s time to explore some of the notable players that are leading the pack in the metaverse gaming industry.
An online game portal that uses blockchain technology and runs on the Ethereum platform. The game is based on raising, breeding, and battling fantasy creatures called Axies. It offers players to experiment, strategize, and collect cute fantasy creatures. Moreover, it allows you to own your in-game assets and even trade them in the marketplace.
The Sandbox is native to the Ethereum blockchain and is one of the first games to offer players true ownership of in-game assets. It’s a community-driven platform where players can create, own, and monetize their virtual experiences in the form of NFTs. The game has been created using isometric RPG, voxel graphics, and more.
Decentraland is a virtual world where you can own land, build, and explore. It’s built on the Ethereum blockchain and allows users to build, experience, trade, buy and sell virtual assets in its 3D space. The virtual world is divided into parcels of land called “Lands,” where users can build anything they imagine.
These are some of the notable players in the metaverse gaming industry that are leading the pack. With the advancement in technology, we can expect more immersive and engaging gaming experiences that will revolutionize the entire gaming industry.