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Some Expert Predictions for Crypto and iGaming in 2022

Posted on January 2, 2022December 30, 2021 by Laura P.

The new year is finally here and, as always, everyone is already looking into what might eventually come of it. For various industries, the beginning of a new year is often both a time of reflection and a time to ramp up preparations for what’s to come. This applies to the gambling and crypto industries as well.

These two sectors have enjoyed a surge in popularity over the past couple of years and 2022 is seemingly set to be yet another great year for them. There were, of course, some ups and downs. Still, from what we have already seen, it is possible to estimate the trajectory of these sectors. Some of the things that we should watch out for include:

More Mainstream Push for Crypto

For a long time, the gambling industry carried nearly all the weight as far as mainstream crypto use is concerned. 2021 changed that significantly thanks to the impressive rise in institutional interest. Lots of mainstream organizations including investment firms and financial institutions got in on the world of crypto.

There is a lot of optimism about 2022 and how it could be an even better year for crypto. Institutional support is one of the biggest pieces of the puzzle when it comes to bringing crypto use to the mainstream. More adoption of digital tokens and currencies will likely be a defining aspect of the year.

The Rise and Rise of Non-Fungible Tokens

Non-fungible tokens (NFTs) were one of the most divisive topics in 2021. While some people saw it as a fad, there were lots of people who saw its potential. The idea is still quite new to many people even those in the crypto community. This raises a few eyebrows with regards to its future.

Well, many experts are optimistic that NFTs are here to stay. The innovative technology has proven to be quite popular among crypto enthusiasts and creators alike. The latter have been able to find new ways of making money from their work. A few issues such as concerns about power consumption will need to be ironed out though.

Enter the Metaverse

With huge companies such as Meta (formerly Facebook) and Microsoft making a play for the Metaverse, the technology was a huge part of conversations in 2021. In 2022, those conversations continue and we expect even more announcements about potential additions to the metaverse.

Knowing how dynamic the iGaming sector is, it will not be long before we hear about more operators leveraging the power of the Metaverse. Crypto and the blockchain will, without a doubt, be a huge part of that shift.

Crypto Gambling Wins iGaming Market in Third Quarter of 2021

Posted on December 2, 2021December 2, 2021 by Martin S.

As crypto gambling continues to rise in popularity, we are also seeing a lot more activity in the crypto gambling space. Digital currencies and tokens such as Bitcoin have been evolving rapidly with gambling being one of the most significant areas of growth. Online gambling is currently the most lucrative space for many operators. Innovative use of technologies such as crypto and blockchain has been very vital for this growth.

Following a market study that lasted over several months, last Tuesday renowned crypto-first iGaming operator BGaming released a report detailing gambling market trends in Q3 of 2021. According to this report, crypto gambling showed the most significant growth of all existing gambling trends.

There was a massive surge in the popularity of digital currency use across several different sectors. It is now closer to mainstream adoption than ever. As such, its increasing popularity has made it a great way for many online casino operations to differential themselves. While Bitcoin still leads the pack, other digital tokens including custom ones from gambling operators have been doing very well.

“Being the world’s first iGaming provider to offer cryptocurrencies, we draw particular attention to crypto gambling. BGaming widens its network of crypto projects and we see the results. The number of explosive winnings on crypto projects has significantly risen over the past few months.”
Bogdan Gres, Brand Team Lead at BGaming.

For crypto-focused gambling companies such as BGaming, this is an indication that their efforts are paying off. It will therefore not be surprising to see even more entries into the crypto gambling space by both new companies and existing operators.

More Insights

The BGaming report also included other valuable insights into the current state of the iGaming sector and what we can expect for the future. To begin with, it found that mobile gaming is still a force to reckon with. Almost 95 percent of the operator’s gamers played from their mobile devices. If that is anything to go by, the mobile gambling vertical should only get better in the future.

Another important aspect of online gaming that BGaming’s report listed was the growing young adult audience. This tech-savvy and highly dynamic market grew by more than 6 percent in 2021. Finding new and exciting entertainment options is important to this audience. BGaming has thus been able to attract many of them thanks to its innovative crypto-powered offerings. To stay at the top, the company must cater to the demands of this audience.

Cloudbet Unveils First-Ever Crypto Horse Racing Book

Posted on November 2, 2021November 1, 2021 by Laura P.

Since its launch, Cloudbet has grown to become one of the most trusted crypto-powered sportsbooks and casinos in existence. It has also built a reputation for being a very innovation-focused operator. The company has recently shaken up the world of betting with yet another first-of-its-kind offering. Users of the platform will now be able to use digital currencies to bet on horse races.

This move came just in time for the 2021 Melbourne Cup on Tuesday. Cloudbet customers will now bet on the horse races using over a dozen digital currencies including bitcoin. As expected, they will get to reap all the benefits of the crypto ecosystem. These include such things as better margins, much lower transaction costs as well as significantly faster withdrawals.

All that will not only apply to the Melbourne Cup which is Australia’s top event but also other huge races on the international calendar. Aligning with Cloudbet’s ambitious expansion plans, the new developments will certainly mean a lot for the growth of crypto. The gambling casino has been leading the way towards more mainstream adoption. With events as big as the horse racing competitions in Australia and other parts of the world, this might not be too hard to achieve.

Supercharging the Crypto Betting Experience

Horse race betting is just one of the few new additions that Cloudbet has been working on over the past several months. The company has also been spreading its footprint to other verticals ranging from political betting, esports betting, and social bet sharing. It currently boasts of up to 17 full native sportsbooks offering services in 17 languages to players from all around the globe.

To support all these amazing ventures, Cloudbet has also been inking deals with companies that will help it to boost its ability to polish the experience even further. One of the most notable ones from the past few months is a partnership agreement it inked with Dash. This gave the platform the ability to use Dash Digital Cash on its platform. Cloudbet has also been able to tap into the impressive features that the Dash blockchain has to offer.

“We are excited to work with Cloudbet, one of the most reputable names in the iGaming space. With Cloudbet’s many offerings, Dash payments make sense whether you are looking to place a last-minute bet or rapidly withdraw your winnings. You won’t find a more secure and rapid form of payment.”
Omar Hamwi, Business Development Lead at Dash.

Already, the partnership is paying off. If that is anything to go by, horse racing fans have a lot to look forward to.

DefiXBet Launches World’s First DeFi Casino Platform

Posted on October 2, 2021September 30, 2021 by Martin S.

The future of P2P gaming platforms is looking very bright thanks to all the amazing innovations that are coming to the space. One of the most recent developments in this regard is from DefiXBet which has announced its very first decentralized casino that has integrated Decentralized Finance (DeFi) features. In addition to being an amazing offering with P2P functionality, the site claims to deliver the cleanest, transparent, secure and anonymous betting experiences in the industry.

Many crypto gamblers will be aware of centralized casinos and all the challenges that they are associated with. Many gaming operators have been trying to solve this problem. Some of the solutions including DefiXBet’s are very impressive. Instead of relying on gaming scripts that are easy to manipulate, the platform uses smart contracts. This contributes to the transparency and trustworthiness that the platform boasts of.

To further affirm its commitment to trustworthiness, the platform also supports decentralized betting. Through its “Custom Decentralized Bet” or CDB, the leaders of the site will have access to real-world and real-time data like API. This goes a long way in increasing user trust on the platform.

Opportunities For Players to Share Profit

Now, gambling can be fun but as always, winning is not guaranteed regardless of the game that you are playing. This is not really a problem as it is the very nature of all games of chance. However, DeFiXBet seems to found a way of letting the customers share a piece of the casino’s profit even if they lose at the gaming tables.

One of the features that make DefiXBet so attractive is its utilization of the DeFiProtocol to share casino profits with holders of its DXB token. That profit is distributed in such a manner that 40 percent goes to the stakeholders of the DeFi platform while another 40 percent goes to the DeFi platform itself. The remaining 20 percent is then channeled towards token buy-back and half of this will get burned.

“The DXB token value is designed to grow rapidly by scaling the platform while token holders can gain passive income by staking DXB or by creating their own casino games as a 3rd party developer,” one of DXB’s developers elaborates.

The inclusion of 3rd party games is a particularly exciting concept. This will not only mean more games for users but also presents an opportunity for more revenue generation from the additional profits gotten from the third parties.

BC.GAME Receives License from Curacao

Posted on September 2, 2021September 1, 2021 by Laura P.

Fast-rising crypto-first gaming operator BC.GAME has recently checked off a huge milestone in its quest for expansion. The operator now has a gambling license and is now one of the very few officially regulated crypto-powered iGaming platforms. This license is from the jurisdiction of Curacao.

Anyone who has been paying even slight attention to the gambling sector will be familiar with Curacao. Officially referred to as the Curacao Interactive Licensing N.V. (CIL), it is one of the leading and most popular casino gambling licenses. Lots of operators often apply to be licensed and regulated by the body. Players trust its license thanks to the great reputation it has as a third-party regulatory body. It is best known for having a trustworthy, responsible, and stringent but fair licensing protocol.

Since BC.GAME now has a license from Curacao, it is safe to say that the company has proven that it adheres to all the rules and complies with all of Curacao’s applicable gambling regulations. This put the gambling operator in a unique position. First, the license further strengthens its beliefs and mission to provide outstanding security features. It also further affirms the company’s plans to deliver an optimal and provably fair gambling experience to the users.

“We have achieved a huge milestone by getting our gaming license and we are very optimistic about the future. Our new status as a regulated online casino allows us to offer 1000s of third-party games from the world’s top online casino slots and game providers. The gaming license means that we can also run a sportsbook and host live dealer games as well. We couldn’t be more excited.”
Chris Butler, the BC.GAME COO.

The license has been published on the Interplanetary File System (IPFS).

Huge Leap Forward for Crypto Gambling

While there has been massive growth in the crypto and gambling spaces, iGaming platforms that solely rely on digital currencies have found lots of difficulties when it comes to getting licenses. That said, BC.GAME’s achievement in this regard creates represents a lot of new enthusiasm for the future of the sector.

BC.GAME currently supports over 50 cryptocurrencies. Most of the other operators do not support that many digital currencies for either deposits or withdrawals. We should probably see more influx in terms of online casinos that get licenses from regulators across the globe. Moreover, this is an indication that more and more people are now warming up digital currencies.

Update: Atari Crypto Casino Finally Launches with Virtual Party

Posted on May 2, 2021 by Laura P.

Last Thursday, renowned Japanese video game company Atari followed through with its plans to launch a cryptocurrency casino. This was through a virtual launch party that was hosted in Decentraland. Needless to say, the launch was a pretty huge milestone for the company as it doubles down on its efforts to become a huge player in the world of crypto gaming.

One of the biggest highlights of the launch event was the amazing performance of Dillion Francis, one of the world’s most popular DJs, record produces, and accomplished electronic musicians. He performed a DJ set via a live stream in the Casino Quarter of Vegas City on Decentraland. Atari was so impressed with this performance that they have gone on to say that it broke every record for a launch party.

The NFT Sale

Dillion Francis was one of the people that were behind the special non-fungible tokens (NFTs) that were auctioned off during the launch event. For that, the DJ and musician teamed up with MERDA, a popular visual artist. They then created three amazing NFT’s all of which were inspired by Gerald the Pinata

Dillon’s and MERDA’s NFTs were auctioned off on OpenSea and other platforms during Atari’s launch party. One of them featured a “3D Pixel Gerald,” and it sold for 6.42 ether (ETH) – this is the equivalent of $17,788 as of the time of this writing. Also worth noting is that the launch party began with a doubled prize pool which then brought the total prize pool for the launch to a whopping $20,000.

More to Come

Atari also recently announced plans for the formation of a blockchain division known as the Atari Blockchain. This move further solidifies the company’s venture into the world of crypto. Likely, the move will also nudge other companies to work towards similar initiatives.

Atari Crypto Casino Coming in 2021

Posted on April 2, 2021April 2, 2021 by Laura P.

In March, renowned video game developer Atari announced that it has plans to launch a crypto casino. Known as Atari Casino, the new crypto casino would allow users to enjoy playing the company’s iconic gaming titles such as Pac-Man, Pong, Space Invaders, and Asteroids among others using digital currencies like Bitcoin. While the game developer is yet to provide any information regarding a specific launch date, it is anticipated that the launch could be as early as May or even April depending on various factors.

Still, this is a very exciting move for Atari. Last year in October, the company launched its first digital currency. This was shortly followed by the announcement of its plans to join the Ethereum virtual reality game Sandbox. Needless to say, these were the first indicators of Atari’s growing interest in expanding its presence in the crypto space. It is safe to say, an Atari-owned crypto-based gaming site was inevitable.

Lucrative Collaboration

For this venture, Atari partnered with Decentral Games on the Ethereum blockchain. The two partners have been working on several Atari-themed games as well as Atari non-fungible tokens (NFTs) – players will be able to leverage the latter to earn more digital currency. NFTs have grown very popular over the past several months and it is not surprising to see that big brands such as Atari are trying to capitalize on it.

Atari Casino will be based in “Vegas City” which is a gaming district in Decentraland, the Decentral Game’s metaverse. For anyone who is not familiar with the concept, Decentraland is simply a virtual world where visitors can visit using their avatars.

“By combining our expertise in building crypto casinos with Atari’s decades of experience in developing video games, we are excited for our community to immerse themselves in an innovative and new gaming experience,” Decentral Games’ statement read.

Some of the amazing things that players can look forward to on Atari Casino include games of luck as well as several titles that require both skill and luck. Anyone familiar with Atari’s classic offerings will be very happy with the nostalgia-inducing games that will be available on the platform.

High Hopes

According to the joint statement from Atari and Decentral Games, they expect to see bets of up to $150 million in 2021. This is further expected to rise to a whopping $400 million over two years. These are some pretty ambitious projections but they are pretty confident in being able to pull it off. For now, we will just have to wait and see how it all plays out.

Cloudbet Unveils New Suite of Games Under Arcade Tab

Posted on January 2, 2021January 1, 2021 by Laura P.

Renowned crypto-firsts online betting platform Cloudbet has had a pretty busy 2020. The operator has over the past year been able to launch several new and innovative products all of which were heartily welcome by its massive customer base. However, that is not all that the company. To round up the year and give its customers a gift to bring to 2021, Cloudbet has recently unveiled a suite of exciting, provably fair games. All of these titles are now available under the newly-created Arcade tab on the operator’s website.

One of the things that Cloudbet is popular for is the outstanding quality of the games that it offers its customers. The same applies to its new selection of provably fair arcade games which will include some amazing titles like Aviator, Mines, Dice, and Plinko.

Already these games are getting a lot of attention from crypto and arcade game enthusiasts. Most people within the crypto community will probably already be familiar with the particularly because they are all timeless favorites that have received praise from the crypto community since their launch a little over ten years ago. For instance, Aviator is just an updated taken on the classic crypto game Crash – if you loved this game then you will probably really enjoy Aviator.

A Long Time Coming

As it turns out, the launch of the new arcade games is partly in response to customer feedback – apparently lots of people had been looking forward to the return of these arcade games. According to one of Cloudbet’s spokespeople, their customers had been asking for the inclusion of class crypto games that were available elsewhere.

The move is therefore not too surprising especially considering that the company has said time and time again that it is very committed to bringing in content and features that matter to its customers. As a result, the crypto-powered iGaming platform has been able to grow big enough that it is now considered to be the ultimate one-stop-shop for those looking for an amazing experience while playing their favorite crypto games.

More Developments

In addition to bringing several new features such as better sports odds and a state-of-the-art betting platform, Cloudbet has also been extending its reach in the crypto space. In 2020, the company added a record six digital currencies to its portfolio. This brings the total number of currencies currently supported by the platform to a 9 and summed up, this accounts for nearly 80 percent of the total market capitalization of all digital currencies.

Hamster-Powered Marble Races Come to Ethereum

Posted on December 2, 2020December 1, 2020 by Laura P.

Crypto gambling continues to grow thanks to several innovative developments that have been causing quite a stir in the gambling industry. We have already seen lots of amazing innovations but, as it turns out, there is so much more to come. The latest development in the sector has come in the form of a new model of gaming.

Referred to as “Mia & the Marbles” the new model of gambling that is now available on Ethereum has been in development for over two years. It is a pretty ambitious project that has the potential to shake up the crypto gambling sector in many ways.

How Does It Work?

Mia & the Marbles (M&M) is powered by Mia, a female Djungarian or “winter white dwarf” hamster, and her trusty hamster wheel. With the help of a group of accomplished developers, Mia and her wheel make some very fun and engaging marble races possible. The result is a very unique and surprisingly robust marble-racing and wagering platform.

Needless to say, this is a rather unusual form of gambling but it is implementation has proven that there is indeed room for such extraordinary ideas. Speaking on the project, the developers behind Mia & the Marbles affirmed that participants can rest assured that they will be treated to all the benefits that come with Ethereum. That is, all the marble races are provably fair, provably live, and easily-verifiable.

“We can guarantee that the races are taking place in real-time and are not pre-recorded. We do this with our provably live video stream that shows the first 8 bits of the current Ethereum blockhash physically on the race track with 8 movable pegs. A high peg stands for a 1, a low peg for a 0.”

Also integrated into the new model of gambling is a compensation service. This has been put in place to sort out any races where accurate results cannot be introduced after two days.

More to Come?

Many ambitious projects are currently being pursued in the crypto gambling space but, as expected, not many of them see the light of day. The M&M project’s success is, however, proof that with the right kind of push, just about anything is possible. Even though the form of gambling the new game introduces stands out quite a bit for being unusual, the strong push for fair gambling was certainly bound to turn some heads.

That said, there are lots of opportunities in the online gambling and crypto sectors which means that M&M is probably just the beginning of even more launches.

Cloudbet Now Allows Betting with Gold

Posted on November 2, 2020November 1, 2020 by Laura P.

Pioneering crypto casino and sportsbook Cloudbet has been known for pushing some of the biggest developments in the crypto betting industry. The company has been working very hard to push its business forward and in mid-October, it debuted yet another significant feature that has sent ripples through the sector. Cloudbet customers will are now able to bet online with gold.

Pax Gold otherwise referred to as PAXG, will be one of the many forms of payment that will be available to the platform’s users. Every unit of PAXG is backed by one fine troy ounce of a gold bar. The physical gold assets are in this case held in custody by the Paxos Trust Company. For many people, this makes the gambling platform more attractive since the virtual currencies in use are tied to physical assets and are therefore inherently more stable.

The historical decision to allow crypto users to bet using gold is, without a doubt, a very unique milestone for the evolution of the crypto sector especially with regards to the tokenization of physical assets. This simply means that gold has been made divisible, tradeable, and much easier to exchange on the online space thanks to smart contracts and blockchain technology.

According to a spokesperson from Cloudbet, this decision is definitely customer-centered in as much as it is also going to benefit the company significantly. The goal is to allow their users to “express their spending habits through the assets they choose to hold, rather than having to use currencies to which they hold no philosophical or economic attachments.”

The Stablecoin Revolution

PAXG is not the only stablecoin that Cloudbet customers have access to. The online gambling platform has already integrated USD Tether and USD Coin which are by far the most popular stablecoins on the planet at the moment. Clearly, Cloudbet is going all-in on when it comes to these rather special virtual currencies.

The reason for this is pretty simple. As hinted earlier, while stablecoins also offer all the best traits of cryptocurrencies, they are most popular because they are tied to physical assets or fiat currency. This makes them a much safer bet for just about anyone. Newbies are more likely to trust these than opt for other forms of cryptocurrency that are infamously volatile.

All in all, since they are the fastest-growing types of digital currencies at the moment, it will not be too surprising to see Cloudbet and other iGaming operators integrate even newer stablecoins in the near future.

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