Video Gaming is a rapidly expanding, multi-billion industry that has remarkably evolved in the past few years and the industry has grown to reflect this change. Year after year, the industry approaches unprecedented levels as technology advances creating room for the development of progressively advanced and sophisticated games and consoles. VucoWorld will bring these games inside the metaverse.
Today, billions of dollars are being spent on the development costs of video games. Major companies continue to partner and acquire video game development studios in order to have exposure to the industry. Companies like Meta, Microsoft, Softbank are getting into purchasing game studios along with large companies such as Take-Two Interactive, Nintendo, and Activision Blizzard, as well as large conglomerates such as Sony and Konami.
Between 2015 to 2021, a total of $87.73 billion has been invested across 4,783 deals in the global gaming industry. Throughout the years, there has been an exponential increase in the funding amount, reaching $21.85 billion in 2021 compared to $3.67 billion in 2015. 2020 recorded the highest amount of funding, accumulating a total of $24.72 billion across 627 deals.