In case you were wondering whether there is money to be made from the esports and mobile gaming markets, check this out: one of them just made a 16-year-old a multi-millionaire.
American Kyle Giersdorf, better known by his gamer name Bugha, won the first Fortnite World Cup, pocketing $4.3 million in the process.
Fortnite is perhaps the most popular craze in gaming at the moment. It is a battle royale shoot-em-up game available for all the major consoles as well as mobile phones and is played by some 200 million people worldwide.
Giersdorf beat out more than 40 million players since the qualification rounds began in April this year.
Fortnite has been a huge success for its developer, Epic Games, which banked $4.3 billion in profits last year, largely thanks to Fortnite.
Not bad considering the game is free to play — all the money comes from in-game downloadable content.
This is all good news for ASX-listed gaming companies like Animoca Brands (ASX:AB1), which has a broad range of mobile games, from blockchain-based games like CryptoKitties to products based on Garfield, Snoopy and Thomas & Friends to engineering tie-ups with big brands, in the case of its F1 Delta Time game.
This content is produced by Star Investing in commercial partnership with Animoca Brands. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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