Metaverse Space – How It Will Change Online Gambling? 2023

The Metaverse Space can be pretty rewarding for Online Gambling sector in many ways.

What is Metaverse Space?

In essence , the Metaverse space is a shred digital space. Not unlike the real world . The difference of course, is it’s all virtual .

Other than that ,you can think of the Metaverse space as just another public space.

As the concept evolves ,people will be able to go to work and school. As well as socialize and shop in this digital layer of real life.

Virtual space – It is your virtual world . Which exists on the blockchain. As good as a digital extension of real life.

You can access it via VR and participate in daily metaverse life with your avatar.

Its decentralized meaning it is not owned or controlled by any one entity. Besides, these casinos are already popping up . But blockchain casinos are nothing new.

Metaverse Space – Is Decentralized casinos the reason for people to use Metaverse?

They are already a current landscape . 60% of activity in the Decentraland metaverse comes from Decentral Games projects .Most of which are casinos !

Present Scenario- Currently, there are several Metaverse platforms. These virtual worlds are at different stages of project development.

Some already have cities ,buildings and commercial establishments. Other are yet to develop.

Most of these projects have native token . Which you can use to shop in the virtual world . Whether its for wearables or to buy land.

Benefits – Holding this token will also give you voting rights on important decisions. In the community. This works because Metavertses are decentralized.

They don’t have a single government. But use a “Decentralized Autonomous Organization” or DAO model instead.

Decentraland – So, when it comes to casinos , It is arguably the biggest Metaverse space. Besides, it is a 3D virtual world powered by the Ethereum blockchain.

The native token of the Decentraland metaverse is the MANA Token.

Land Parcels – It is made up of different “parcels” of land. Essentially virtual properties that you can buy (as NFT). Big-name brands like Samsung and Adidas have already purchased properties . And yes it has casinos.

If you are looking for a Metaverse casino, you won’t have to look far.

As one of the most well-developed advanced ecosystems.

It already has its own vegas strip. With various casinos.

Metaverse Space Casinos ?

Metaverse space casinos are virtual gambling platforms. Secondly it allow users to play games using cryptocurrencies.

Secondly, these casinos offer traditional games such as slots, roulette poker and even sports betting.

Metaverse gambling-

Gambling has already taken off. On platforms like Decentraland . And it only seems to grow.

Besides, VR betting offers ,many perks over traditional online casinos.

These perks include lower cost bets, provable fairness ,privacy and anonymity .

No wonder its becoming the goto destination for gamblers worldwide !

Metaverse Space

Contrary to popular belief , the metaverse is not only accessible to those with VR headsets.

But it can be accessed via game consoles. As well as computers & mobile devices.

Secondly, unlike traditional online gaming, the metaverse space tries to imitate the complete casino experience.

By letting users explore a casino’s digital representation .

Besides, Using virtual reality technology and unique avatar.

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Metaverse Space – 4 Ways Online Gambling Sector can be changed.

1. Restore traditional gambling features

When played online, most casino games lose their traditional touch. Besides leaving a void. For example, online Poker does not let you study player’s nuances.

As well as body language. Live dealer games might try fixing this to some extent. But not entirely.

The metaverse space allows you to pick an avatar representing you . Which could result in 2 outcomes . If the avatars assume the physical attributes and copy mannerisms.

You can read your opponents. Like other traditional casino players.

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Secondly, if you adopt ,you can read your opponent depending on the accessory and clothing choices. Which they chose to put on their avatars.

These 2 options can help you make valuable assumptions . Besides, making online gambling more fun, this boosts your winning chances.

2. Increased range of games in Metaverse Space

Firstly , many of online games have enticing offers. Besides, having a wide range of games. This makes it easier to attract new gamblers looking for something unique at an affordable cost.

Most games have various themes and types to keep users interested. The metaverse space is not restricted to physical space. Casinos can have as many games as possible.

With metaverse , an online casino can host many more games. More than, they can today. For example , even the best casinos don’t offer more than 5 versions of the game.

This space allows you to play an endless amount of versions. As well as, this may eliminate the competition aspect between operators.

2.Address posture concerns

Firstly, Playing games for extended hours on a computer or PC can be challenging. Moreover, it could take a toll on your body. Even more significantly ,

Secondly, if you don’t have an ergonomic chair. Which provides maximum support. However, metaverse space is helping address this problem.

How ?…

When you log into your casino account, the virtual reality (VR) headsets deliver the experience. This implies that you don’t have to remain fixated on a single spot. Besides, you can move around while interacting with the virtual space.

Your body movements enable you to control your avatar.As well as It ensures an incredibly immersive gaming experience.

3. Promote Blockchain integrations

For a long time, the online gambling sector has grappled with secure payments. Mainly, because most payment systems are untrustworthy. And fraudulent. As well as, payment processing is a significant concern for online casinos.

They employ the best processing methods,. Including e Wallets, Mastercard and Visa ,to assure their users that they are safe.

Processing Fees –

Firstly, Since these payment systems are few, their processing fees can be outrageous. Primarily when withdrawing or depositing from International casinos.

Secondly, their processing times can be slow too. Since entering bank transfer or credit card information seems complicated.

Virtual reality casinos – They might prefer sticking to the most basic and quickest options.

This Virtual space promotes blockchain integration. Which allows you to use currencies ,ensuring security.

As well as speed and low processing fees. For instance Ethereum ,

Litecoin and Bitcoin have high-security protocols and reduced transaction fees.

4. Improved game selection

Firstly, Online gambling provides a wide range of games. And for metaverse space to keep gamers interested., Its expected that they will provide a comprehensive game catalogue.

Gamers can play roulette, slots ,blackjack and many more other games online.

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List of 3 Top Crypto and blockchain – based casinos.

BC. Game Casino

Rocketpot

Cloudbet

While these are not in the Metaverse space yet, they offer many of the same benefits. That metaverse casinos will provably fair games ,low fees and complete anonymity.

List of the some of the best casinos existing on Decentraland

a. Ice Poker

Ice Poker is a play-to-earn poker game. Which allows you to win the in-game currency ICE.

You can earn ICE tokens by competing with other players . Or completing daily tasks. So, what is the catch?

You need ICE wearable for your avatar to participate . You guessed it right – it’s NFT.

Players can even make passive income by renting out their NFT to others. Games also recently received the largest grant in the history of Decentraland – $ 1 milion in MANA.

This poker hub alone accounts for 30% of all traffic to Decentraland.

b. Atari Casino

If you grew up in the 80s or 90s , you might remember playing classic Atari games . Like Pong or Asteroids. The company behind those games has now launched an online Metaverse casino.

The Atari casino is one of the newest and coolest casinos in Decentraland.

Its inspired by the classic video games we all know and love. Casino games at the Atari casino include blackjack, poker ,roulette and of course slots.

ATRI is an ERC -20 token , which you can store in the Atari digital wallet. Or else you can use MANA (Decentraland’s currency) .

c. Tominyo Casino

Tominoya is a Japanese themed casino in Decentraland.- That definitely nailed the design aspect. Complete with cherry trees, koi ponds and oriental lanterns.

Certainly, It’s one of the most beautiful casinos in the metaverse.

Another Decentral Games project –

It gives you multiple games to choose from Blackjack ,slots baccarat and roulette.

These are 2 floors with 3 wings each and plenty for you to explore.

It even hosts live streams and casino nights. Where you can hang out with other metaverse citizens . And play to win MANA.

Find Decentraland here.

D. Chateau Satoshi

Chateau Satoshi is an opulent French style casino. That’s also one of the largest in Decentraland. Its a luxurious gambling experience with an impressive chandelier. Many floors and high ceilings.

Named after the mysterious creator of Bitcoin, It offers high-end betting Decentraland. It’s one of our favorite decentralized casinos . Because it mirrors the land-based casino experience quite closely.

You will need either MANA or DAI from cryptocurrency exchange to play these games.

What is Sandbox ?

Sandbox is a community driven platform . With a unique pixel art look. Its casinos have a somewhat murky track record.

But there are some exciting new projects in the space. This is also a great platform to look into if you are technically inclined . And interested in building your own project within this metaverse.

Blok topia

It is another immersive VR experience. A 21 – floor Sky scrapper, housing unique experiences on every floor. And you guessed it ; there is a casino floor –

The top floor to be exact. While the project is not live yet, the gambling aspect of the experience is expected to be nothing short of breath taking .

Everdoma

It is upcoming metaverse. That we are excited to see. marketed as the world’s first hyper realistic metaverse. as well as it will work with Metahero’s 3D scanning technology.

To push the boundaries of web3. While this project is still in its earlier stages, we are watching it closely.

Serenity Island

Serenity Island is a serene, beautiful casino that’s perfect for those who want to relax and escape the hustle and bustle of Decentraland.

While most people prefer to spend time in the mainland, this Decentraland casino is still worth a visit.

It has a similar game offer to other VR casinos in the Metaverse – slots, blackjack, poker, and roulette. The main difference is the setting, which is decidedly more laid-back. 

Metaverse space Casino NFTs

NFTs are digital assets that are stored on a blockchain. Unlike cryptocurrencies ,which can be exchanged for other assets. These are unique and can’t be traded.

Virtually everything in the metaverse can be an NFT. From the land to the clothes your character wears.

Some casinos require you have their unique NFT before playing. ICE Poker is the quite essential example here. In order to gamble at ICE ,you must first purchase their NFT from the Decentraland.

Or on resale at OpenSea . Once your game avatar is wearing the NFT ,you are allowed into the metaverse casino and free to play.

Other casinos offer NFT’s as rewards and prizes –

Often, special events like casino nights will feature both MANA and NFT prizes. Particularly Tominoya has some special NFT promos with juicy rewards.

Metaverse Space – Conclusion

The primary difference between metaverse space casino and a traditional casino one will be the international levels . Which the VR technology offers. The metaverse space has many possibilities .

And based on developers, gamblers can interact with each other w. While participating in different games.

Metaverse space Unique Opportunity –

It offers a unique opportunity for casino operators . The ability to offer lower-cost bets. Blockchain technology can remove the middlemen and reduce overhead costs.

For example , peer-to- peer bet matching can remove the broker fees that are common in traditional online gambling.

And, a traditional online casino may have to pay payment processing fees. Game licensing fees, and other costs.

Costs for Gambling at Casinos-

In the metaverse, ,these costs are much lower. Operators can pass these savings on to their customers in the form of a lower house edge .

An better Return-to-Player (RTP). This could lead to a metaverse casino boom as people flock to these virtual worlds for cheaper bets.

FAQs

How do you play casino in the metaverse space ?

A metaverse casino requires a participant to convert their fiat into one one of the crypto currencies. which are accepted in the metaverse space. And deposit funds using a crypto wallet.

Users exchange the NFTs and cryptocurrency that they win in the metaverse. For fiat currency in the real world .

What is VR Gambling?

Social VR casinos offer multiplayer options. You will be able to sit at a poker or blackjack table and interact with strangers . Or friends you invited to play with you.

These do not offer any real money gambling options yet. So it’s all about having fun and meeting new people.

Is an NFT gambling ?

Casino games issue NFT as prizes or players can bet with NFT’s instead of cash.

Can you play Poker in metaverse space?

ICE Poker is a metaverse poker game. Where you can earn $ICE rewards and digital collectibles. By winning tournaments .Completing daily challenges .

Competing against other players on a daily leaderboard.

Is virtual Gambling illegal?

The Department of Justice maintains that , under the Wire Act ,all internet gambling by bettors in the Unites States is illegal.