For the longest time, the global gaming industry has been saturated with games that use the Gacha or loot box) system.
FYI: Gacha (loot box) system; where players use real money to roll for a chance to get the ‘best in-game character or items.’
Most of these games are free to play, and yet, there are players that spend hundreds to thousands of dollars on games like Honor of Kings, Fate/Grand Order and Genshin Impact.
Genshin Impact, a multi-platform free to play Role-Playing Game (RPG) from Shanghai-based game company miHoYo Limited has taken the world by storm.
According to SensorTower estimates, players around the world have spent about US$245 million (S$330.7 million) on the game in its first month; making it the top-grossing mobile game worldwide since its release.
To put this into context, TikTok’s total worldwide mobile app revenue worldwide in October 2020 was only about US$88m (S$118.8 million)....