The year-over-year growth rate of the gaming industry is estimated to be 9.54%. Last year, the gaming industry was worth $159.3 billion compared with $90 billion in 2016. In 2021, the gaming industry got even bigger and is forecast to reach $180 billion.
Meanwhile, there is Play-to-earn — a new model — that surged in popularity in 2012 and became the hottest topic for gamers in 2021. The new model provides players with the opportunity to play games while making a profit from selling cryptocurrencies or NFTs that they amassed in their preferred game.
One of the hottest projects for this year is Gala Games. The project is a blockchain gaming platform that is putting the play-to-earn model to work in a perfect way. In 2019, Eric Schiermeyer created the company and scaled his gaming creation experience in the blockchain space. Before that, Eric co-founded the mobile games company Zynga and contributed to the development of the popular farming game FarmVille and Mafia Wars among several other games. Gala Games currently has one playable game which is Town Star. We’ve already talked about the interesting FarmVille-like game, which allows players to earn from strategically building their farm.