A new online gambling, video gaming and eSports ETF has been launched by Pacer ETFs. The Pacer BlueStar Digital Entertainment ETF consists of equities and overseas depository receipts from companies with at least 50% of their revenue generated from the focus area.

It’s not only Netflix that’s looking to build a “Netflix for gaming.” It was recently announced that Big Tech companies, Apple and Amazon have launched subscription-based video game services in hopes of becoming the top dog in subscription-based gaming.

Jim Ryan, the President of Sony Interactive Entertainment says the company will continue to acquire more studios. This statement comes after five acquisitions in 2021 and two already in 2022.

The metaverse market, as defined by Citi could include AR/VR headsets, smartphones, games, “real estate” and in-metaverse transactions. Citi estimates that by 2030, the target date for its up-to $13 trillion valuation, the metaverse will have accumulated as many as 5 billion users, or 63% of the current world population.

Last summer, streaming giant Netflix announced its foray into the video game industry. Since then, the company has acquired three smaller gaming companies in hopes of quickly building out its new venture.

Last summer, streaming giant Netflix announced its foray into the video game industry. Since then, the company has acquired three smaller gaming companies in hopes of quickly building out its new venture.