It's interesting to notice fiat money impact on the gaming industry, with a shit ton of layoffs within the last 18 months or so.
During the pandemic the low interest rates and lockdown policies created a bubble for demand and development of games. Studios massively increased and so did the production of new projects.
Now with the stay-at-home-money gone, higher interest rates and cost of living going through the roof layoffs and downsizing are inevitably happening.
Yet, games media mostly portraits this as greedy capitalism issues. At most there's the rare mention of increased interest rates but no blame is put on government policies.
A tale as old as time.
#gaming #fiat #bitcoin
monsieurenchilada
npub1rql…c9tx
2024-06-08 22:04:07
Author Public Key
npub1rqlwyvfshkj2778cc0lv46geppfhgxc73uqfcc0zpz3gy5d07uasj6c9txPublished at
2024-06-08 22:04:07Event JSON
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"content": "It's interesting to notice fiat money impact on the gaming industry, with a shit ton of layoffs within the last 18 months or so. \n\nDuring the pandemic the low interest rates and lockdown policies created a bubble for demand and development of games. Studios massively increased and so did the production of new projects. \n\nNow with the stay-at-home-money gone, higher interest rates and cost of living going through the roof layoffs and downsizing are inevitably happening. \n\nYet, games media mostly portraits this as greedy capitalism issues. At most there's the rare mention of increased interest rates but no blame is put on government policies. \n\nA tale as old as time. \n\n#gaming #fiat #bitcoin",
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