Abstract

In 2020, there were an estimated 4.66 billion Internet users worldwide, and 2.7 billion people actively engaged in online gaming. Nearly half of all Internet users are gamers. This gaming economy—regarded as an “autonomous bull market"—is fueled by eSports, pop culture, the proliferation of smartphone technology, and the explosion in demand for innovative gaming technology.

Less than four percent of the world uses cryptocurrency, yet in 2021, cryptocurrency adopters rose from 100 million to over 300 million, with 1 billion expected by 2024. The gaming industry is expected to grow at a 23 percent compound annual growth rate (CAGR) by 2023. The expanding gaming market will drive demand for fast and large capacity data processing and communication for streaming high-end games.

In the broader economy, data security, online censorship, and Internet monopoly by Big Tech have accelerated consumer and business interest in blockchain technologies. Rising economic and social uncertainty, rapid monetary inflation, and the rampant manipulation of traditional financial markets have driven many into cryptocurrencies.

The Internet Web 3.0 transition is forcing a challenge to worldwide financial systems. Everyday consumers and large institutions are enticed by the notion of secure, private, peer-to-peer currency transactions. Web 3.0 promises to shift control away from Big Tech and into the hands individuals, able to control their own data and profit from their online activities. The time is ripe to merge the world of DeFi (decentralized finance) with GameFi and Play-to-earn (P2E) projects, and metaverse projects.

The Internet revolution and explosion in cloud gaming services demands a novel approach to handle the flood of information and data processing. The market needs an ecosystem—dedicated to facilitating creative development and focused on autonomy—to enable original minds to achieve personal autonomy and financial freedom.

Voxel X Network technology is the future of the revolutionary gaming experience. Our goal is to empower creators, businesses, and investors to reap financial benefits and make their stories here.