Revealing eSports Growth Trends: Anticipating 2024
Much of the developments in the eSports scene have overlapped with many gaming trends, including cross-media strategies and NFTs, to name several. When you download betway amongst the other platforms out there, you are able to leverage the greatest strength of community.
1. Prominence of Blockchain
Sponsorships have existed as the foundation of all eSports revenue. The audience is a growing, diverse body of young gamers, which makes the industry a key magnet in the attraction of brands. The sponsorship market share accounts for nearly 60% of all revenue calculated for 2021.
Placing all your eggs in a single basket is extremely risky and is the key reason why companies are working tirelessly to diversify their streams of revenue. Gamers are offered a multitude of eSports options when they download Betway, in addition to their personal choice of cryptocurrency.
Many are eying NFTs and Blockchain as a way to achieve the aforementioned goals. We have already begun to see new business models emerge in eSports.
Thus far, audiences have been largely positive for the fact that they are digital natives who are curious and accepting of new technology, are already used to purchasing items and digital goods in their favorite games, and have more disposable income than the majority of the population online. Data demonstrates that nearly 75% of eSports audiences have a high household income which suggests that they are more than likely to purchase speculative goods.
The above points are true for even the gamers that have been vocally negative about the implementation of Blockchain and NFTs. Therefore, the key difference is that NFTs can directly impact the experiences players enjoy, whereas innovations in eSports NFTs are primarily about demonstrating fandom outside the events themselves.
For instance, many organizations are offering innovative reward and loyalty programs by placing them on the Blockchain. A number of programs now allow users to even trade digital goods with their friends, increasing personal investment in brands and general engagement across the board.
Fans can earn additional digital rewards from engaging with a brand’s content like commenting on Instagram posts, chatting in Twitch streams, or watching YouTube videos. Participation like this extends engagement and outreach for various organizations and teams, leading to the potential of even more sponsorship revenues.
At the same time, fan tokens are tradable and can increase in value over time, echoing a number of the aspects that encompass the stock market. This underlines another advantage of the growing relationship between Blockchain and eSports for users who download betway, and other apps. Initial Fan Token Offerings make the raising of investment much easier for organizations.
2. Mobile eSports Will Continue To Grow
Mobile eSports experienced when users download betway and other apps have completely taken the market by storm in comparison to the years of PC and console titles dominating the scene. Thanks to an extremely low barrier to entry, mobile has succeeded in capturing millions of fans across the globe to participate in eSports. The majority of individuals in emerging and mature markets have similar access to smartphones to download betway and other apps.
The improvement of 5G technology will strengthen connections of mobile internet and make eSports more viable and stable form of entertainment. A consistent and robust connection is essential for the industry to thrive, and this is provided to users who download betway.
As mobile eSports continues to dominate the scene in markets across Southeast Asia and Latin America, more mature markets are getting involved as well, with new titles entering the market built primarily around eSports. The most popular genre amongst those who download betway includes Battle Royale.
