A struggle to survive as online gaming companies continue to subsume 28% GST

“Organisms that are better adapted to their environment are best suited to survive and successfully reproduce.” Charles Robert Darwin’s theory on ‘Natural Selection’ couldn’t have been more accurate. The phrase, survival of the fittest, defines not only the mechanism of natural selection or the biological concept of ‘fitness’ but also describes the current scenario of the online real money gaming industry. “The immediate impact was felt with a few online gaming companies shutting shops, as some chose to lay off staffers and close down regional centres. For instance, MPL and Hike-owned Rush Gaming Universe, a Web3 gaming platform, laid off as many 350 (MPL) and 55 staffers,” said a senior analyst, on the condition of anonymity. 

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