Several research groups publish their assessments of the present state of the global gaming business, as well as their projections for its future, during the course of each year. Despite the fact that the data given in these publications are contradictory, mobile gaming and blockchain technology are nevertheless recognized as the key causes for the growth of this industry. These two elements remain constant and are the key driving forces behind the industry’s development. Every era has its own engines that power its revenue wheels, and the revenue wheels in our era are powered by digital currencies and telephones.
CryptoLogic built the first financial transaction system suitable for online gambling in 1996, and the same year witnessed the introduction of the first online casino. The very first platform was called InterCasino, and it is still in business today. The first decade of this sector’s existence was marked by a general lack of forward momentum in terms of the creation of creative concepts. Nonetheless, it went through a lot of distinct revisions throughout the final one. Every year, hundreds of international firms and the best online casinos in the US join its ranks, reshaping the industry one step at a time. The following are some of the innovations in interactive gaming that internet gamers may expect to witness over the next decade.
Internet casinos that may be accessed through virtual worlds
Atari, one of the most recognizable names in video game history, announced in March that it will collaborate with Decentral Games to launch a digital casino. This venue will be located in Decentraland’s Vegas City, which is a component of the Ethereum-based metaverse known as Decentraland. Atari has a two-year lease on the property, and it is expected that the corporation will launch its virtual gaming institution in May of this year.
Gamers can take on the shape of an avatar in the digital world known as Decentraland and interact with the many other items found in this realm. Atari promises that its Vegas City location will be the first bitcoin casino controlled by the community in the Metaverse. Many people believe that virtual real estate will soon blossom because NFTs, also known as non-fungible tokens, are likely to take off. The most expensive virtual property transaction ever happened in February, according to NonFungibl, when eight properties on the Axie Infinity platform were acquired for a total of $1.5 million. Many people expect well-known gaming firms to follow suit. Consider the Atari scenario and simulate the change.
Cryptocurrencies will eventually replace fiat money
According to some articles, the first Bitcoin casino opened its virtual doors in 2013, four years after the invention of this type of digital currency. On the other hand, a number of platforms that debuted in 2014 claim to be the first coin-based game website. As a result, the history of where these casinos originated remains uncertain. Despite this, there has been an undeniable increase in the number of websites dedicated just to cryptocurrency in recent years. This comes as blockchain technology continues to grow across various industries across the world.
In March, Visa announced that it will begin accepting cryptocurrency payments, bringing the worlds of traditional fiat currencies and digital cryptocurrencies together. This decision is critical to the entire strategy employed by the organization to improve the flow of money within its network and beyond. It should come as no surprise that this has implications for the world of online gaming, where credit and debit cards remain the most popular and easily available payment methods. The growing popularity of coin transfers can be ascribed to the fact that they are both private and extremely fast. It will be some time before well-known corporations advertise their use as an alternative to tried-and-true techniques.
Game of skill
People have been arguing whether or not slot machines should have a skill-based component for well over a decade. However, this is subject to a different set of constraints than gaming, which has stalled progress in this sector. Despite this, the ground industry made significant headway in 2016 in obtaining permission to employ such devices in Nevada and New Jersey. A company named GameCo, which is responsible for the production of many of these games, has recently been successful in bringing similar elements to the domain of online play.
The self-proclaimed originator of the video game, GameCO, has gotten clearance from the New Jersey Division of Gaming Enforcement to work with New Jersey online casinos, bringing skill-based games to their gaming arsenals, beginning in July 2020. GameCo’s physical devices are already in operation in parts of California, Nevada, Mississippi, and Oklahoma; nevertheless, this is the first time the firm has successfully secured regulatory permission over the internet. Many people are hoping that this will kickstart the skill-based genre, which will in turn attract a whole new generation of players to join online casinos. At the time, the Betsoft Max Quest series is the sole attempt at emulating skill-based games in the iGaming market. These are shooting games based on random number generators, and you must eliminate your opponents to gain prizes.
Virtual reality-based slots
When Facebook launched the Oculus Rift headset in 2016, everyone predicted that VR games would surge in popularity. But things did not turn out the way I had hoped. Microgaming from the Isle of Man jumped on board quickly, winning innovation awards for its VR roulette version. However, it has not been widely used, and VR technology in online casinos has been dormant for some time.
Gonzo’s Quest VR will soon be available to gamers all around the world, courtesy to NetEnt, an Evolution Gaming affiliate. One of the most popular slot machines of all time has been recreated in virtual reality. Playtech attempted to join this genre in 2019 with the game Hot Gems, but had little success. The fact that NetEnt has hitched its buggies to one of the most well-known characters in the history of iGaming: the Spanish conqueror Gonzalo Pizzaro, distinguishes this edition of the race. At the very least, its slot machine version. Obviously, the wisest course of action is to sit back and wait. When seeing the previews, listening to this reel through headphones should offer the viewer with an exciting experience. It pours new life into an old setting and, perhaps, kicks off the virtual reality (VR) trend in interactive video games.
More difficult games with a track record of fairness
It has been established that fair gaming is an important component of bitcoin gambling sites. They differ from other RNG-based games in that they feature a gaming system that has been proven to be trustworthy. This approach enables the operator to publish a strategy for validating each individual game transaction. After completing a session or segment of the game, you will be able to use the system’s built-in algorithm to analyze how the game reacts to various decisions made during gaming. Following that, you will be able to analyze the results using the public seeds and hashes generated by the method. In a word, these gaming solutions allow you to check and ensure that the outcomes of each spin have not been tampered with and are correct, hence eliminating any risk of cheating.
For the time being, these games are simple. The crypto dice is now the most popular confirmed title. It allows you to select a greater or smaller sum, after which a random number generator (RNG) creates a number that decides whether you win or lose. However, in recent years, several crypto-gaming platforms have begun to introduce basic slots that take this method, while others are breaking new ground in inventive games that you know can be trusted in every manner. As a result, you can expect game developers to soon blend tried-and-true technology with versions that provide more engaging gameplay.
Watches that are linked to casinos
The idea of gaming platforms integrated into smartwatches is not new. The first wearable video games were demonstrated at the World Mobile Congress in 2014. Microgaming, widely considered as the “father” of online casino software, was the first to sell a game compatible with smartwatches. Thunderstruck, the company’s maiden product, has earned a decent reputation among individuals who are interested in slot machines and smartwatches. The Dark Knight Rises, the sequel, proved much more appealing to gamers than its predecessor.
It is vital to note that there aren’t many online casinos that cater to smartwatches. These devices feature screens that are much smaller than those found on regular mobile phones. As a result, displaying a significant quantity of content on such a little screen is challenging. According to Acumen Research and Consulting, the global market for smartwatches is expected to reach $ 88 billion by 2027, indicating a 20 percent annual growth rate. The operators of interactive gambling are taking note of these statistics and looking for ways to modify their platforms to function on watches, bringing an even higher degree of convenience to casino gaming. We have no doubt that in the next years, this business will progress to the point where the existing challenges will be a thing of the past.
To summarize
The online casino industry is now going through some exciting moments. Blockchain technology appears to be the key engine of change in this area for many years to come. The majority of players are unaware of how swiftly virtual casinos and digital money will transform the online gaming experience. Social casinos are also gaining popularity as app developers attempt to replicate the casino experience in social games by employing fictional fun chips rather than genuine cash. On the other side, these programs provide a lot of amusement and, as a result, a lot of curiosity. Look for virtual reality (VR) slots, new live dealer games, and more sophisticated games that have been proven fair. There will almost certainly be a storm as a result of all of this.