Video gaming legends unite to redefine the landscape: AMA recap with Moxy
The esports market is expected to grow at a significant rate, from $1.42 billion in 2022 to a massive $4.47 billion in 2030. Its growth will be driven by the increasing use of smart devices, along with the growing accessibility of internet connectivity, the continued popularity of streaming services and the support of major brands.
However, some challenges that esports has experienced in the past still exist, such as limited diversity and inclusivity, lack of proper infrastructure, or a gap between casual gamers and the competitive esports scene. While the eSports industry’s projected revenue by 2030 nears 4.47 billion USD, the video game industry is projected to reach 589.69 billon USD. Moxy aims to make the overlap between these two industries possible, and bring esports to the majority of video gamers. “We haven't seen a breakout innovation in a while,” said Nolan Bushnell, a legend in the video game industry. Known as the “father of electronic gaming,” Bushnell is the founder of one of the most notable video game companies, Atari, as well as Chuck E. Cheese's Pizza Time Theater chain. Bushnell is a member of the Video Game Hall of Fame and he is the Inventor of the world's first video game Pong. Bushnell is commonly referred to as "The Godfather of Videogames". A fun fact about Nolan Bushnell is that he gave Steve Jobs his first and only job besides Apple.
With the backing of some of the legends behind Nintendo, MicroProse (publisher of Sid Meier’s Civilization series, Railroad Tycoon and Grand Prix), Atari, Konami, and Sega, Bushnell’s ambitious new project, Moxy, aims to bring about this long-awaited revolution. He discussed Moxy with its CEO Matt deFouw during Cointelegraph’s live AMA session.
“Moxy is esports for
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