Crypto gaming has proven to be a new method to generate revenue

It is a well-known fact that crypto has turned out to be a global phenomenon, and companies are eagerly looking out for new ways to integrate the same into different services and products. One particular space that managed to innovate massively in this segment is online gaming. Innovators have come up with new ways to use cryptos for in-game purchases, character unlocks, and a lot more. Experts are thrilled that the latest convergence of the real and virtual world looks way better than ever. In the last few decades, video games have evolved massively and have captured the global market.

The gaming segment is predicted to grow up to USD 314.4 billion by the end of 2026. Some of the most popular video gaming companies that are well poised to revolutionize the segment are Tencent, Sony, Microsoft, and Nintendo. All the mentioned companies have achieved revenue of $10 billion in the gaming segment. As of now, Sony has managed to top the list with revenue of $25 billion. Sega Games, EA Games, Gameloft, and Konami are some of the most prominent names in the sector. Innovators must focus on bringing in solutions that are beneficial for both the consumers and developers.

 

The lawmakers requested gaming companies in the US to make kids-friendly designs

preventing cybercrimes, online services, software, technology, the silicon review

Lawmakers in the U.S. have urged gaming companies to promote child-friendly designs for their games. Many major gaming companies like Sony, Walt Disney, Epic Games, Microsoft, Nintendo, and Niantic were called upon to protect kids from schemes that are predatory. The lawmakers have also asked the game creators to comply with U.K.’s AADC for the U.S. The letter had stated that it is important for Congress to act with urgency and bring in strong privacy laws for the teens and children of the 21st century.

As the lawmakers continue to work towards that goal, the companies were requested to consider the teens and children living in the U.S. to enhance privacy and comply with the AADC. Last year, the data privacy regulators from the U.K. had introduced a new set of design guidelines for the providers of digital services to follow, and it was aimed at safeguarding children under the age of 18 from committing cybercrimes. The AADC code has 15 regulations that must be followed while designing and developing online services to protect the interest of the child. The lawmakers have also reached out to cover websites that children often frequent to promote data privacy.