🎯Market opportunity
The UGC gaming market is huge and growing fast.
The UGC gaming market is huge and growing fast.
The United Emirates of Fun is targeting a market of more than 2 billion in annual revenue.
Gaming Industry's Massive Scale and Growth: The gaming industry has witnessed an unprecedented surge, evolving into a colossal sector both in terms of the number of gamers and revenue generation. As of 2023, the global gaming market has crossed $200 billion in revenue, with over 2.7 billion gamers worldwide. This massive growth trajectory is driven by technological advancements, increased accessibility, and the diversification of gaming platforms. The integration of gaming in daily life, spanning age groups and cultures, makes it a fertile ground for investment and innovation.
Significance of User-Generated Content (UGC) in Gaming: The future of gaming is increasingly intertwined with user-generated content (UGC), a trend that's reshaping the industry. UGC refers to any form of content, like games, maps, skins, or storylines, created by players rather than game developers. It has become a pivotal element in gaming, with platforms like Roblox and Minecraft seeing immense success largely due to their UGC-centric model. UGC not only fosters community engagement but also drives continuous content renewal, keeping games fresh and engaging. Statistics show that games featuring robust UGC tools see higher player retention rates and longer lifespans, a clear indicator of UGC's growing importance in the gaming ecosystem.
UEFN's Role in Leading Gaming and UGC: Unreal Editor for Fortnite (UEFN), also known as Fortnite Creative 2.0, is a prime example of this new era in gaming and UGC. Launched in March 2023, UEFN significantly expands the capabilities for creators in Fortnite's Creative mode. The introduction of Creator Economy 2.0 by Epic Games revolutionizes how players are compensated, allocating 40% of in-game purchase revenue to an "engagement pool" for eligible creators. This new model not only incentivizes content creation but also opens up a substantial revenue stream, estimated at around $2 billion annually. UEFN's advanced tools and revenue-sharing model position it at the forefront of the next wave in gaming, highlighting the immense potential of UGC in shaping the future of the industry.
This translates into ~2 billion dollar annual revenue opportunity to be captured by the United Emirates of Fun.
