TheCork.ie: Bitcoin, E-Sports, and the Metavers

Many people who work in the industry think that the future of iGaming and digital reality are the same thing. In the past few years, iGaming has grown a lot and is now a very profitable business. The fast growth is due to improvements in technology and new ways of doing things. Because of these important factors, the trade is always getting new improvements. Especially digital reality has a big part to play in this. Now that the Metaverse has grown, it is seen as the next big step for all kinds of online games.

Digital Reality in Non-Gaming Casinos

Digital reality could spread quickly across the Metaverse and change non-GamStop casinos for good. In several areas, the industry has already adapted to changes and come up with new ideas. But what is the Metaverse really?

The Metaverse is a digital version of the real world that will make Internet 3.0 possible. Since Neal Stephenson’s science fiction book “Snow Crash” came out in 1991, the time period has been around.

In the real world, the Metaverse is just getting going. It is based mostly on the Internet and lets people live, work together, and even act in a digital world. The metaverse is then run by real people who help shape the digital universe, or at least that’s the idea and long-term goal. Even though cutting-edge technologies are already being used, it will take a while for the Metaverse to look the way people want it to. Still, based on how things are going now, the future looks good for casinos that aren’t part of GamStop.

Casinos that never close in the Metaverse

Actual casino ambience in a virtual setting? What seems like a dream could quickly become true. At the moment, it’s not clear what a Metaverse online casino would look like.

People think it will be the best mix of an online casino that is not part of GamStop and a land-based online casino. Still, payment will be made with cryptocurrency instead of regular money. Because they don’t have a single point of control, they are perfect for the fair and free metaverse.

This study shows how well transactions with digital currency might work. In so-called “Bitcoin non-GamStop casinos,” players can use the same-named cryptocurrency to make deposits and bet on the internet without being traced. If you want to see for yourself what happens in the long run, you should go to a Bitcoin casino.

Casinos that are not GamStop but are NFT

Even though we don’t know what non-GamStop casinos will look like in the Metaverse, we do know that NFTs will be a big part of them. People have been talking about non-fungible tokens for a while, but they shouldn’t be confused with digital currency. Instead, they are digital things that blockchain technology has made unique. As a result, each NFT is unique.

There are already a number of casinos besides GamStop that use NFTs. Most of these are based on the idea of “play to earn,” which is a key part of the Metaverse. The idea is that people will get more involved, help with development or design, and maybe even make money. Players become a part of the Metaverse because of this.

Here are some examples of NFT Casino video games:

Evolution Gaming has made a Megaways slot game that lets players earn their own money by using NFTs as winning symbols. It is a 6-reel, 7-row video slot machine with a colorful pixel theme that was inspired by CryptoPunks NFTs.

eSports betting

Digital sports betting is becoming more popular right now, just like online casinos. In America, the online market for people who live there is growing. This is because legalization is still going on in the U.S., but betting on sports over the internet is very popular in Europe.

People vote based on more than just traditional sports events, though. In the past few years, the variety of gifts has grown a lot, which has helped e-sports in particular. Competition in video games has been a thriving business for a long time. Many tournaments now have more spectators and cost more overall than regular sporting events. But e-sports and sports betting haven’t had anything to do with each other in a long time. Bookmakers didn’t start offering e-sports betting until they slowly started to see the potential in a market that is still young.

The crucial push came from the corona epidemic. Because of the infection, all analog sports games had to be canceled for a long time during the year it spread. This was a nightmare for bookmakers who didn’t use GamStop. They had lost the drive that had kept their business going, so they had to start over. They found another that the gaming group in e-sports did very well with.

Does the Metaverse have Esports?

At first, the idea of e-sports in the Metaverse may seem far-fetched, but the groundwork has been set for a long time. Some games already have a “play-to-earn” system and use NFTs. The aggressive part of e-sports should still be missing, but the metaverse and belief in the idea are still in their early stages.

Fortnite is a good example of how to change from a regular online game to a Metaverse game. What used to only be an online multi-player game is now a lot more. Players can use private codes to get to customized worlds, for example. For example, the sport has already used this technology to put on a number of live web shows. The people in the group were able to use their avatars to go to the digital extravaganza inside the game. The idea of a sport has become less well known.

The whole process is also an excellent chance to bet on sports. In reality, e-sports should be added to the metaverse before anything else. Still, the way things are now shows which way they will go in the future.