The Metaverse is the next level of human interaction. Imagine a virtual world where you can work, play, meet new people, and trade. Mind-blowing right? It sounds like science fiction. And now casinos are getting involved.
The idea behind the Metaverse is to create an overlapping virtual world in which you can carry out most, if not all, social and economic activities that are possible in the physical world.
What is the Metaverse?
The word ‘metaverse’ consists of two words – ‘meta’ and ‘universe.’ Meta means beyond, while universe refers to our world. Strictly speaking, the Metaverse is a conglomeration of virtual 3-D worlds accessed through technologies like virtual reality and augmented reality.
It also refers to a series of immersive digital experiences that will be available to users in the future, allowing them to participate in various activities in entirely digital environments. The Metaverse is meant to be experienced through an avatar, which you have the liberty of creating according to your tastes.
The Metaverse is believed to be a part of the third iteration of the internet, commonly known as Web 3.0, that will be immersive, decentralized, and somewhat tangible. Fortnite, Second Life, and Minecraft are examples of what the Metaverse may look like. These games feature virtual worlds where you can play games, interact and buy stuff.
However, many of the ideas about the Metaverse are just conjectures and wild hope. Nobody knows how the Metaverse is going to operate.
Future Development of Casinos in the Metaverse
Imagine experiencing the same atmosphere present in a physical casino right from the comfort of your home. That is what casinos on the Metaverse feel like. Like the online gambling revolution, Metaverse casinos are the next big thing in the gambling industry.
Some virtual worlds like Decentraland already have several casinos in them. One of them is ICE Poker, which made $7.5m in its first three months. Casinos in the Metaverse will make use of cryptocurrency as the legal tender. This promises to make gambling online more secure.
Current Online Casinos that Accept Cryptocurrency
There are online casinos that already allow bettors to pay using cryptocurrency. These are some of them.
1. Bovada Casino
Bovada Casino is an online casino owned by Lynton Limited. It is licensed in the US. Bovada accepts a range of cryptocurrencies. It started with Bitcoin but now accepts Ethereum, Bitcoin Cash, Bitcoin SV, and Litecoin, making it a betting haven for crypto enthusiasts. Bovada has a lot of exciting games that you can play. Table games, slots, specialty games, video poker, and even virtual sports. You can get started on Bovada Casino here.
- Follows regulations by relevant bodies
- Has Welcome bonus and other promotions
- Offers live dealer games
- Accepts cryptocurrencies
- Boasts of positive reviews from seasoned gamers
- Primarily designed for U.S. players
2. Ignition Casino
Ignition Casino is another casino that accepts crypto. It was established in 2016 and had a good track record. This casino is secure, and you do not need to be scared about patronising their online casino. A secure, SSL-encrypted connection protects it. It is also licensed in all US states except Delaware, Maryland, and New Jersey. Ignition offers many games, including slots, video poker, table games, bingo, craps, and sudoku. Ignition, however, does not feature live games. Though Ignition accepts only Bitcoin, they offer generous bonuses on deposits. There is a 100% bonus of up to $2000 on your first Bitcoin deposit. There is also a 25% bonus with a limit of $1000 on every Bitcoin deposit you make. You can get started on Ignition Casino here.
- It has a variety of games, currently standing at 280
- New players receive Welcome Bonus
- Excellent customer support team if you ever need help
- Accepts lots of cryptocurrencies
- No live dealer games
3. Slots lv Casino
Slots lv is a reputable online casino that has been around for almost a decade. It is available to bettors in the US. A standout feature of Slots is its high number of jackpots(about 50 jackpots). Slots lv offers games like slots(obviously), video poker, table games, bingo, keno, etc. Like Ignition, this casino only accepts Bitcoin. Slots IV has the best bonus around. When you make your first deposit, you are entitled to a 300% bonus, up to $1500 worth of Bitcoin. However, it would help if you had the bonus code SLBITCOIN300 to access it. You can also claim a 150% up to $750 in your subsequent eight deposits. Despite the number of games Slots offers, there is no provision for live games and sports betting. You can get started on Slots lv here.
- Accepts players from across the globe
- It has a decent collection of games
- Makes prompt payments
- Accepts cryptocurrencies
- Lacks live dealer games
Metaverse Casinos in the Works
1. Bloktopia Casinos
Bloktopia isn’t only a casino. It is a 21-story skyscraper situated in the Metaverse. It is the creation of Ross Tavakoli. The 21 stories is a monument to the $21billion market cap of Bitcoin. Bloktopia was created as a meeting point and entertainment area for crypto enthusiasts in the Metaverse. To gain access to Bloktopia, you need to create an avatar that will represent you in the virtual world. Bloktopia also features an auditorium and a radio station that disseminates important info. Our focus is on the games in Bloktopia. Playing these games is a way to earn more crypto. A set of rules governs each game. Bloktopians also earn special rewards when they complete special in-game challenges.
2. Decentraland Casinos
Decentraland is a user-owned metaverse built on the Ethereum Blockchain. It has no central authority, and smart contracts administer it. Like Bloktopia, you also create an avatar to become a part of this metaverse. Decentraland features a gambling haven appropriately named Vegas City. This home of casinos attracts the most visitors in the Decentraland metaverse. Decentraland uses its token, MANA, which has a cap of $4.2billion. Decentraland contains some of the most popular metaverse casinos. One of them is ICE Poker. ICE Poker is the quintessential poker joint. It boasts about 6,000 players daily and a monthly turnover of $3.2 million.
There’s also Chateau Satoshi, an art deco-styled casino. Third on the list is the Japanese-themed Tominoya Casino. Serenity Island is a built beach house style and consists of three floors. Last but not least, there’s the Atari Casino. This casino is a joint venture between game maker Atari and Decentraland. It is not up and running yet, but it will soon be.
3. The Sandbox Casinos
The Sandbox is another metaverse with a lot of possibilities. The possibilities inherent in this metaverse are why The Sand Vegas Casino Club is planning to build a casino in this metaverse. The Sand Vegas Club NFT collection will fund the casino. Fifty percent of the profit from the casino will be shared with all holders of the Sand Vegas Club NFT. The Sand Vegas Club Casino(SVCC) has a launch timetable from January-October 2022.
Things to look forward to including passive income from joint ownership, lottery, contributed rakeback, weekly tournaments of poker, horse racing, etc. Also, there will be VIP areas where you can have virtual drinks, smoke, listen to music from DJs, an opportunity to monetize your Sandbox land, and a monthly charity donation. SVCC aims to become the largest metaverse casino, and with all these features, it may just achieve that aim.
The possibilities of the Metaverse are endless. It can drastically revolutionise the way we communicate, work, play and purchase goods and services. While the changes will be far-reaching, gambling is one sector that is already feeling the changes.
Just like the advent of the internet brought about online gambling, we could have a future where the virtual world will have a sizeable share of the gambling industry. The success of Decentraland’s Vegas City and ICE Poker in particular points to this.
It is obvious that the catalysts of this revolution would be cryptocurrency and crypto enthusiasts. It’s not too late to “buy the dip”. It is still early days and you can still key into the numerous opportunities in Blockchain.