Gaming market analysis typically starts by looking at the expected growth of gamers. And while that is certainly important, it’s also critical to look at changes that impact game developers and publishers. Their motivation and success are necessary to continue moving the industry forward.
Xsolla, a platform that has been in existence for more than a decade, has become a powerhouse in the gaming industry. While the platform began with the sole purpose of allowing players to acquire in-game items, it now claims 500 million users from over 200 countries and turnover of nearly $100 million per month.
And, critically for the adoption of digital currency in the gaming industry, Xsolla allows developers to withdraw earnings through fiat or MGO tokens, MobileGo’s native currency.
Game developers can be very small companies with just a few employees. However, more often than not, they are larger companies that depend on earnings to pay salaries, contractors, office space and state-of-the-art equipment. When developers withdraw via the traditional method of fiat, there can be expensive transactional fees and commissions that come along with that. Additionally, developers normally have to wait a bit of time (several days at a minimum) before receiving the fiat funds.
So, while blockchain technology’s impact on this space may not be totally revolutionary, it certainly is impactful. Developers can opt to withdraw their earnings via MGO tokens and eliminate the expensive fees and long delays commonly associated with fiat. MGO tokens now provide developers with a fast, easy-to-use and secure payout method.
While MGO is currently the only available cryptocurrency withdrawal method on Xsolla, there are sure to be others in the future.