How Online Gaming has Benefited From Advances in Technology
How we play games has changed remarkably since the dawn of the century.
14:50 17 November 2020
Although several factors are in play contributing to the rapid evolution of gaming online, it is the constant innovation in gaming technology that continues to steer the industry forward and helps gaming behemoths add more new players to their community. Not just that, the uptick of internet adoption, over the years, has caused more people to go online and start gaming, and, as a result online gaming started growing at a fair clip and is well on its way to become one of the fastest growing industries of this decade.
In this article, let us take a brief look at how a few technological advances helped spearhead the growth of online gaming from its humble beginnings into a monster that it is now.
Emergence of Gaming Broadcast platforms
The easy availability of high-speed internet broke the barriers created by the arcade and console games of the 1990s. Then along came a novel concept called multi-player gaming online which clearly outdid the bland sofa-based experience that these games on offer. People fancied the idea of playing with multiple people and that unlocked the social side of gaming. Gamers now show great interest in meeting up on virtual platforms and on simulated sports arenas mainly to get together with like minded gamers, leading to creation of communities. Excited by the tantalising prospect of growing vast communities, game developers devised a way to encourage player creativity and collaboration through ground-breaking video technology as well. It led to the rise of gaming broadcast platforms such as Twitch and YouTube. It is not about merely spectating a game anymore. It is about allowing gamers to share their experiences between themselves, which has completely dispelled the myth that games are just meant to be consumed and discarded. More and more gaming communities are getting on these broadcast platforms to stream their gameplay and find more patrons, thereby creating a legit chance for players to stream their content and unlocking a genuine way to boost creativity and further their collaboration with other gamers.
Fintech and Gaming Economies
After several years, many leading gaming companies have established their own ways to weave economies into their games, creating a reliable and growing stream of income. Almost all leading game titles have in-game items and the best part is they can be bought with real money. There’s also this custom of trading in-game items such as weapons, vehicles, outfits, and skins etc for real money. These things provide a touch realism to virtual worlds making gamers stick to these titles and come back for more after they complete a level or conquer something. The success of massive role playing multiplayers games like World of Warcraft is also built on the same premise that every successful game features a robust platform which works in the background not just to enable high volumes of peer to peer transactions but also to provide data security through highly advanced technology like Blockchain. Today’s fintech is rightly positioned to meet the growing needs of the gaming industry which essentially necessitates quick and secure peer to peer transactions, managing currencies, allowing cross platforms connections and more. Internet gambling is another branch of gaming online which benefited enormously from the advance in fintech. Internet casino sites with a wide range of games to play from slot games like Gonzo’s Quest to Poker and Blackjack have now been able to offer a lot to the average gambler such as bonus offers, rakebacks and more, thanks to the continuous improvement in fintech. Given how impactful it has been, more and more technological refinements are needed in order to make gamers play without any issues and have fun while doing so.
The radical shift in technology has fuelled the growth of online gaming on multiple fronts and it looks like the juggernaut will continue to roll. With more and more players getting online to play, the gaming sector, as a whole, is now shifting towards a new era with unlimited possibilities and great potential. Revolutionary technologies such as virtual reality, real time personalisation and cloud gaming are at the centre of this shift towards a new future of gaming, with a lot of growth happening around these areas. Exciting times ahead if you’re a gamer, for sure.