Over the past decade, online casinos have seen significant changes, and online casino games such as online blackjack or poker, slot machines, or roulette, have evolved to provide increasingly rich gaming experiences, all accessible right from the palm of one’s hand.
The next step in this evolution is Web 3.0, which brings new technologies, a decentralization of the experience, and an entirely new virtual immersion that could rival today’s physical casinos.
In this article, we will discover together what Web 3.0 is, how it affects your gaming experience, and why it is set to take the industry to a whole new level.
What does Web3 mean?
Web3 is a new evolution of the Internet (yes, the very one you are using now to read this article!) based on blockchain.
If today we can use the Web as a place where we can only read and write, in the future a third variable will be added: owning.
In fact, the main feature of Web3 will be precisely the ability to verify the possession of everything that revolves on the Internet unequivocally (hence read-write-own web).
All this with one great purpose: to give power back to the users and take away the monopoly of the big tech corporations.
How does Web3 work?
Let’s start with the concept of “power to the users.” How does Web3 want to achieve this goal? First of all, blockchain allows content to be managed without intermediaries. While giants such as Google, Meta, and Apple dictate the rules now, in the future users will be able to participate directly in the management of the Web and will own their content and be able to monetize it as they wish. How? Some of the tools used to make money on the Web3, including NFTs (non fungible-token), social tokens (a type of digital asset issued by creators), fan tokens (digital assets that fans of a specific sports team, club, or player can own and derive value from), and DAOs (Decentralized Autonomous Organizations), are all incredibly decentralized, and because of that so inviolable.
Gambling industry empowered by blockchain
And talking about the gambling industry, an online casino that uses cryptocurrencies is definitely a virtual gambling hall that is inclined, open to innovations, and on the cutting edge. In fact, it offers new solutions that can satisfy a demanding and up-to-date clientele. As a result, on these sites, players can easily find the latest and most entertaining games, yet to be discovered, to play with in complete security, and this has led to a further increase in membership in an already upward trend.
Let’s say you are a fan of online blackjack and you feel like trying your hand at the crypto version of the game. First of all, you have to say that Blackjack is probably the most popular casino game at BTC based casinos, and the reason is obvious, because almost every variety of Blackjack game you can think of can be played in Bitcoin. You can also play both live and simulated, with single and multi-story online blackjack games available. Most enticing is that one can choose the rules to play, and some games are also variably fair. All kinds of blackjack games can be played in BTC-single-deck, multi-deck, and the list is endless.
Gambling in the metaverse
Metaverse gambling is becoming a significant opportunity for the future growth of all electronic gaming sectors. Some gambling experts say there is more hype around the gambling metaverse, but others see it as the future and the only way gambling can keep up with the latest technologies and user expectations. Let’s try to understand what is the most likely use of the Metaverse for gambling.
In 2021 Facebook announced that it had changed its name to Meta, and what made an impact on the entire gaming sector was Meta’s announcement about building a virtual reality project called Horizon Worlds.
Many software companies that provide solutions for electronic games, casinos, and sports betting embraced the idea of participating and began planning the creation of their metaverses. Even a technology giant, Baidu (a Chinese multinational technology company specializing in Internet services and artificial intelligence), joined the metaverse movement by holding a “Land of Hope” conference. A search began for companies with enough experience to take on projects related to virtual reality. Developers, even with little knowledge of VR, became hard to find, and many investors began to think that metaverses offered a goldmine opportunity.
Today, Metaverse gambling is becoming a significant opportunity for the future growth of all electronic gaming sectors. Some gambling experts say there is more hype around the gambling metaverse, but others see it as the future and the only way gambling can keep up with the latest technologies and user expectations.
