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The digital world is constantly changing as more and more people are adapting to the rapid technological revolution. Crypto, video games, eSports, and NFTs are all relatively young markets compared to the others, like stock trading, regular sports (e.g., soccer, basketball), and traditional media mediums (e.g., books, music, movies). Yet, they are all the primary drives behind the world’s largest economies and business development opportunities.
Codyfight, a blockchain-based AI vs. Human competition metaverse, will soon bring changes to the aforementioned digital worlds and benefit all the people included. This article will find out what Codyfight is currently aiming for and seek the potential room for future growth.
Disrupting the four pillars
Video gaming
A brief history
Video games have existed long before the advent of eSports, crypto, and NFTs. Despite that fact, the video gaming industry only has more than 50 years of progress, with the first commercial arcade video game in the 1970s.
Since then, video games have exponentially surpassed even the music and movie industries, becoming a massive market of more than $175 billion in 2021.
Market overview
The video game market is snowballing regarding the number of gamers, which is expected to rise to over three billion in the next few years. In addition, the number of PC and console gamers is still increasing, despite the mining crazed that has driven up the price of hardware components.
According to Newzoo’s forecast for global gamers, the Asia-Pacific and North America will be the most important video games markets in 2021 and account for around $88.2 billion (50%) and $42.6 billion (24%) of game revenues, respectively.
The industry is expected to grow up to 8.7% annually in revenue and active players. Therefore, we anticipate that Codyfight can surpass the industry average and achieve an unprecedented level of growth.
Programmers and gamers?
Codyfight is a video game that incentivizes programming as an efficient and creative tool to play the game. Hence it is only natural that programmers may be interested. Moreover, since gamers and programmers are both spending a lot of time on computers, it is believed that the two must relate somehow.
However, not necessarily all programmers play video games. But being a gamer in the first place may give some people a solid incentive to love programming and Computer Science, in general.
eSports
Impressive growth
The eSports industry is expanding rapidly, with over 456 million eSports fans all over the world. You no longer have to be a hardcore gamer with a high kill/death ratio for eSports to become profitable to you, as it has opened the way for the massive growth of the video games live-streaming market.
Gaming as a career
Large eSports tournaments such as League of Legends, competitive CS:GO, DOTA 2, and many more have a prize pool budget as high as $40 million. eSports’ earnings have increased even more as the gaming space is incredibly competitive and highly entertaining to watch, similar to your traditional football match.
Codyfight — an eSport that benefits everyone
Codyfight is also becoming a competitive arena where millions of players can participate in battles of minds, get creative, challenge themselves, and put entrepreneurial skills to the test. However, earning money from Codyfight is much more accessible thanks to the reward system that values content creation from all parties include programmers, artists, and gamers.
Crypto and NFTs
Crypto
The current market capitalization of all cryptocurrencies, including Bitcoin and Ethereum, has reached nearly $3 trillion. The impressive leap in the value of cryptocurrencies has made them a mainstream investment alternative to many businesses, including video game development.
Many blockchain-based video games are released daily, with all-new innovation and aspiring technology to attract new players. Codyfight is ready to become one of them and spread the usefulness of cryptocurrency with $CTOK token.
NFTs
Non-fungible tokens, or NFTs, have surged in the presence and have been accepted by a growing population online. In addition, NFTs have taken the world by storm and have already crept their way into the gaming ecosystem as they have transformed the way people own digital items in a positive manner.
Big publishers such as Electronic Arts (EA) and Ubisoft have decided to welcome NFTs, and EA believes that NFT technology will play an essential part in the future of gaming. In addition, Ubisoft also has plans to create blockchain games.
//ending thoughts
Ultimately, with all the prepared cards in hand, Codyfight is ready to join the big players in the gaming industry to make NFTs becoming more mainstream. Nothing is more exciting than driving the industry forward with an authentic gaming experience, fostering creativity among people, and reasonably distributing capital to all involved parties.
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