The Gaming Industry Is Booming

This first technological partnership between Microsoft and Enjin makes perfect sense in a booming gaming industry that has a bright future ahead of it.

The Blockchain is a revolution that will impact many sectors in the coming years. Nevertheless, some sectors will be impacted before others.

Among the sectors that will be strongly impacted by massive adoption of Blockchain technology is the gaming industry.

Gamers are used to spending a lot of time online when they play. In most of the games they play, they are used to buying virtual items of any kind. The idea of tokenizing the economy seems natural to them. In addition, they are curious by nature, which will encourage them to test cryptocurrency projects that are part of their game world.

Cryptocurrencies targeting the gaming industry therefore have great potential since they are in a fast-growing market that already represents more than $150 billion in revenues in 2019 worldwide and could exceed $180 billion by 2021, according to some studies.

By way of comparison, the film industry will reach just $50 billion in revenues in 2021 while the music industry is expected to reach $22 billion in revenues. Reading these forecasts, it is clear why the gaming industry represents a sector full of promise for the future of cryptocurrencies.