Babaamaajimowinan (Telling of news in different places)
Babaamaajimowinan (Telling of news in different places)
Bloomington-based Wisdom Gaming is no longer fielding competitive e-sports teams and instead is focusing on building a community hub at Mall of America around e-sports, where members of the public can pay to play in cash-prize tournaments on their 40 or so gaming systems.
The once-booming stock of the e-sports industry is now crashing.
E-sports - the elite level of video game competition where individuals or professional teams compete in everything from first-person shooters, like Call of Duty, to actual sports, like Madden NFL - surged in popularity during the pandemic. Despite the games themselves generating billions in sales annually, interest for watching people play them has waned with people no longer stuck in their homes with limited entertainment options.
And finding a way to monetize the substantial audience that still exists is still a conundrum. As a result, many investment firms that backed e-sports teams and organizations are pulling out, while some organizations have opted to discontinue fielding teams.
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