When people hear about the metaverse, the first thing that comes to mind is video gaming. However, there is more to it than playing 3D games.
One of the most popular metaverse innovations today is gambling. It is not uncommon to hear claims of gambling and playing casino games in the metaverse.
But is this true? Can you really play blackjack games and other casino titles in the metaverse? We have the answers you seek, so read on and find out.
Does Metaverse Gambling Exist?
Simply put, yes, metaverse gambling exists. It is a blend of Augmented Reality (AR), Virtual Reality (VR), and blockchain technology. So, it is more like a 3-in-1 package.
AR and VR in this case are for the development of the gambling environment, while blockchain technology employs the use of smart contracts for the reward system. With metaverse gambling, casinos don’t need to rely on the government or their banking systems because everything is already on the blockchain.
So, if that did not already answer your question indirectly, what we imply is that it is possible to play casino games in the metaverse. However, there is more to it than simply logging in to play games in a 3D environment.
Apart from the gameplay, the whole payment system is embedded with smart contracts in the blockchain so for most brands, you need to have a crypto wallet for full access.
What Does Metaverse Gambling Bring to the Table?
For an innovation to be better than the reigning one, it has to be better. So, is metaverse gambling better than your regular online gambling? If so, how? We will discuss the major benefits below.
Better Read of Opponents
When you are playing in a physical casino, you can combine your gaming strategy with reading your opponents to make decisions. This technique is very useful in card games like poker, blackjack, and other ones that involve a dealer.
However, with online casinos, there is no element of reading your opponents because everyone is playing from their screens. The only thing that comes close is live dealer casinos, but you only see what they want you to see.
With metaverse gambling, you have a 3D gambling experience, which means you’re able to read your opponent’s movements and body language in real-time. And as trivial as it may sound, it will go a long way in boosting your performance.
Borderless Payment System
One of the major headaches of regular online casinos is the payment systems. Although it is improving as the years go by, the major problem is that most of them are subject to government surveillance.
Usually, the government monitors the amount you deposit, and what you withdraw. And to make matters worse, they take fees and commissions on your transactions—which can be very frustrating.
Although they monitor transactions to curb illegal activities, sometimes, it is too much. The restrictions they impose go a long way in affecting unsuspecting players.
However, with the metaverse, things are set to change. Since everything is Integrated with the blockchain, the standard for transactions would be cryptocurrency.
And if there is something we all love about cryptocurrency, it is the decentralized system. So, bye-bye to restrictions because borderless transactions are here to stay.
Immersive Tournament Spectating Experience
Gambling tournaments are great because they unite several individuals from around the world, however, being a spectator can be boring. Most times, you are stuck with having to watch behind the screens. And while some casinos give a detailed representation of the tournament progression, a few others only show trackers.
In short, watching these tournament games is not fun. That is why the viewership is usually significantly low.
However, with the metaverse innovation, tournament viewership is set to take a new turn. Now, both players and spectators are going to have very similar experiences. It would be as if you are there with them in 3D.
So, whether you are playing in the tournament live, or as a spectator, the fun is going to be through the roof.
Metaverse Gambling: The Future of Online Casinos
Right now, the concept of metaverse gambling is still in development. However, with the blueprint we visualize, it is safe to say the future is bright.
Once it is in motion, your regular online casinos will begin to migrate their servers into the metaverse, so no one can miss in on this groundbreaking innovation. As for those that are still doubting the authenticity of the metaverse concept, all we can say is – seeing is believing.
With time, everyone will see for themselves. But for now, these virtual casinos are still in the beta phase, and only a few people have access to it. In everything, we are certain of one thing—it is coming very soon!
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