The MetaVerse seems to be quite exciting and a hot topic amongst many. But what is even more interesting is the question: “How will it impact online gambling?”. Before that, we will need to go in-depth as to what the MetaVerse is, how it works, what does it do, and how can it be implemented towards crypto casinos.
Interestingly enough, online gambling’s also been a hot topic, reaching new heights and player count in 2021. Of course, this was directly impacted due to the pandemic, which required people to look for different types of entertainment. Naturally, this increased the interest in casinos.
However, this was also impacted by the fact that cryptocurrencies got all the spotlight at the beginning of 2021. Crypto casinos have been around for more than 7 years now, but the speed at which more and more are being found is phenomenal. It is not a hard puzzle to figure out, after adding up the pieces. But without further ado, let’s get right into it.
To start off by stating the obvious would not be a shame in this case. The word metaverse was coined back in the early 90s, combining the words “meta” and “universe”, basically meaning a “transcended universe” (up to each one’s own interpretation). The term is commonly used to symbolize the singular virtual world on the Internet.
The MetaVerse is supposed to implement virtual reality headsets and allow you to lead a big portion of your life through its space. For example, imagine a place where you are freed from physical related activities, being able to attend meetings, make fortune, and so on. Well, this is supposedly coming to light, as recently Facebook’s Mark Zuckerberg announced how the company is going to focus on the MetaVerse, thus renaming itself to Meta, a.k.a Meta Platforms, Inc.
This, in itself, opens up the opportunity for games and entertainment sectors to evolve, which directly translates to the possibility of playing at online casinos, through virtual reality. It comes as no surprise that this type of gaming will be tenfold more immersive than regular online crypto casino gameplay.
It also is not really surprising that the MetaVerse will most probably operate on a decentralized blockchain network, allowing for a number of possibilities when it comes to crypto casinos.
So, it should come as no surprise that interacting in the MetaVerse will be allowing you to remain somewhat anonymous, although nothing about privacy has yet been stated by those developing it. However, due to blockchain reasons, the potential of remaining anonymous is actually quite high. This is probably the biggest plus when it comes to MetaVerse casinos.
Aside from that, once again because of the blockchain, you can expect MetaVerse casinos to be available worldwide, getting any restrictions and rules placed by governments and jurisdictions out of the way. This can further be reinforced with the use of a VPN application, which will further mask your activity.
Since MetaVerse casinos are expected to operate mainly with cryptocurrencies, we can speculate that the options given will be some of the most popular cryptocurrencies such as Bitcoin, Ethereum, Cardano, Solana, Tether, Litecoin, etc.
To add to that, low fees and swift transactions are to be expected, depending on the crypto of choice. If we have to imagine, you will probably not need to get off the metaverse while doing so. Not only that, but crypto games have expanded limits in both directions when it comes to betting, which will allow players of any type to enjoy crypto casino gameplay.
Just like all other crypto casinos, MetaVerse casinos will most likely offer games released by the leaders in the crypto casino game development sector. This will also mean that there will be crypto-only bonuses and features that you will be getting to benefit from.
For convenience and better view, we've put up this list of pros and cons, mainly consisting of the general points of MetaVerse casinos. Describing each in a couple of words, you can always come back to these to see which advantage means what.
The idea of MetaVerse casinos is definitely quite intriguing, and it most likely will continue to be. We can definitely expect a lot, and the potential that MetaVerse casinos hold is still untapped and only up to our imagination. Many are skeptical about it, just like many were skeptical about cryptocurrencies and Web 2.0.
It will definitely be interesting to try and play at such casinos, as it will inarguably be a completely new, immersive experience. One will be able to greatly benefit from the advantages of cryptocurrencies and regular crypto casinos but in a decentralized setting.
We will absolutely follow close the development of MetaVerse casinos and provide you with updated information, once there is any. Until then, we hope we cleared your view about MetaVerse casinos and provided you with enough information to allow you to make your first step to this part of the industry.
In the section below, we will leave some FAQs we suggest you check out.
Most MetaVerse casinos accept all the main stars such as Bitcoin, Ethereum, Cardano, Solana, Tether, Litecoin, Dogecoin, and many others. We can expect many other options to be available, as the sector is growing by the hour and there is a lot of untapped potentials.
With the development of MetaVerse casinos on the blockchain, most will definitely be decentralized, meaning no regulator will be required. This will happen through various tools and features such as a form of “smart contracts”, and probably many others. Also, this will remove the requirement of a middle-man, as everything will be completely automatic, and probably foul-proof.
Yes, MetaVerse casinos can be accessed from anywhere, due to the fact that they are decentralized, won’t require much personal information, and no government and jurisdictional restrictions will apply to them. This is great for those who feel restrained, but still want to explore this part of the entertainment industry.
Yes, because the bigger portion of MetaVerse casinos will be operating on decentralized networks, allowing for your privacy to remain intact. Furthermore, similar to crypto casinos, MetaVerse casinos will be expected to not require personal information from their users, especially because of the decentralization.