"Video games are getting better and better and new smartphones and digital devices are released every day. In 2020, live streaming became a huge thing, and according to most experts, live streaming is here to stay.

Companies and businesses involved in other industries will also rely more on Virtual and Augmented Reality technologies including the video gaming industry.

More entertainment industries will rely on VR and AR technological advancements, to create augmented and virtual sets, virtual studios, virtual models, and whole virtual worlds with 3D avatars and landscapes that look very real.

With everything in the industry being very dynamic, emerging entertainment technologies such as Virtual and Augmented Reality are expected to become the main part of most production sets.

According to a report on the global entertainment and media industry by PwC, the usage of VR and AR reality technologies will significantly increase in the years to come.

Other rapidly evolving sectors include OTT video technologies, data consumption, internet advertising, video gaming, B2B technologies, and cinema."

Online communities, or mimetic networks (online groups gathered around sharing funny political images), thrive across a number of platforms, hashtags and threads. This diffusion is partly down to people becoming more comfortable paying for independently-made digital content, but also the parasocial relationships that people cultivate on social media, where artists, writers and content creators communicate directly with their fan bases on Discord servers.

A result of this ultra-niche content is the rise of the online micro-celebrity. Think Red Scare, Honor Levy, Joshua Citarella. As anyone who’s ever peered into the Discord server of an internet [celebrity] (many of whom seem to hail from New York) can attest, these fandoms are highly active and insular. Packed full of memes, in-jokes and self-referential anecdotes, they feed into a vast network of cross-platform content via Twitch streams, podcasts and newsletters. “The motivating factor is not necessarily the value or the quality of service, but a belief in these small creators,” says Sean Monahan,

iGaming, eSports, & Video Games

‘Web 3.0’ came from Ethereum’s co-founder, Gavin Wood, who dreamed of a future browsing experience in which large companies, such as Google, wouldn’t have control over which data is retrieved and presented to specific users.

Web 3.0 will change how billions of people relate to the mobile technology available at their fingertips. One of the largest industries set for an overhaul is entertainment, with gaming and Hollywood set for the biggest overhauls.

The most lucrative industry related to online entertainment is iGaming, which Statista estimates will be worth over $90 billion by next year. This covers online casinos and poker platforms. With a global pool of gamers estimated at over one billion, according to a UK study, the sector is a prime candidate for new applications on Web 3.0.