Vindex and MLG co-founder Mike Sepso believes the games industry still needs esports – VentureBeat

Vindex and MLG co-founder Mike Sepso believes the games industry still needs esports – VentureBeat

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Major League Gaming cofounder Mike Sepso believes the games industry needs esports due to rapidly changing business models. The boon of free-to-play games and competitive gaming has changed the way publishers look to market their video games, and Sepso believes esports are key to that.

Sepso and his company Vindex, an esports infrastructure platform, are looking for better ways to sustain the esports ecosystem following the trend in how people consume games. In particular, the startup is looking at how people are spending money.

“In just the past five or six years, the majority of the revenue has flipped over into being driven through in-game purchases — and primarily through free-to-play games,” Sepso said during a presentation at the GamesBeat Summit Next event today. “So that requires a whole different approach.”

Sepso notices the games industry is gearing towards the live-service models, and eventually reaching the metaverse model. Sepso says esports has the potential to drive the hardcore audience to keep playing and to maintain engagement with the ecosystem while also purchasing content.