🎮 What We Learned From the VR Gaming Market

GM.

It's Crypto Player One, the first and only daily newsletter on crypto gaming.

We are finishing the week off with:

Daily Trivia

What was the favorite game of Steve Wozniak, the co-founder of Apple?

Scroll down to find out the answer.

Our friends at Newzoo dropped a +40-page report on the VR gaming market, and we read it like good boys.

Here are the 3 things we learned:

1/ The VR market has been enjoying a nice resurgence since 2020.

When in 2014, Facebook bought Oculus, many investors became interested in VR.

But the hardware was still expensive, so the market was small.

As a result, developers didn't want to create content for that space.

So the market remained small due to a lack of content.

But now, things are different.

Meta has been mass-producing cheap VR headsets, and there's more VR content.

And more players are building on and for VR.

2/ The VR space is growing rapidly

According to the report, the VR hardware install base is expanding:

Also, VR game revenues are projected to double in the next three years. 🤯

3/ VR had its first AAA game

Half-Life: Alyx could be called the first mass VR game success.

It sold over 2 million units worldwide, taking advantage of the Half-Life IP.

The game makes it easy for players to interact with the environment, allowing them to immerse themselves in the game.

Our take:

These numbers show that while the market is tanking, the interest in VR gaming is only increasing.

Curious to see which web3/crypto title will penetrate the VR market, becoming the first mass-market AAA web3 VR game.

Tetris