Will metaverse legalize gambling/betting?


There can only be one answer to this question – yes, of course! It’s already happening!

But let’s go back in time: as recently as 2021, Mark Zuckerberg announced that Facebook would be renamed Meta. 

This meant only one thing – he made a big bet on turning the good old Internet into the future Metaverse. Mark and his associates are confident that this futuristic project will completely change the world down the road.

What is the Metaverse?

The Metaverse is a permanent virtual space where people can interact with each other and digital objects through their avatars using virtual reality technologies. But what is in store for professional gamblers in this new virtual world?

In fact, skilled online players have been choosing not traditional casinos long but their more advanced cryptocurrency counterparts, such as CryptoVegas casino, which prove their reliability and are beneficial for those who play. But how did the development of the Metaverse influence the online gambling market?

Perspectives for online casino players in the Metaverse

In fact, the meta-universe is developing very rapidly; obviously, online gambling could not bypass this magical world of the future.

The virtual world has become a goldmine for developers with a fully functioning casino. Clients can gamble, trade NFTs, and complete gaming tasks. 

Of course, getting into the online world is more challenging than it seems. There are strict entry requirements and even an NFT-based dress code. But despite this, online players in one of the MetaWorlds managed to spend $7.5 million in the first three months of 2022.

The Metaverse developers themselves promise new incredible opportunities for online gamblers, almost like in the real world. The player can:

  • Visit the most luxurious places in the virtual world, which in their beauty are not inferior to the chic casinos of Monte Carlo
  • Feel all the exciting moments experienced by visitors to real casinos
  • Make new friends among beginners and experienced gamblers

The design, architecture, and operating principles of a casino in Metaverse are almost the same as those of a land-based gambling club. Indeed, it is impossible to describe all the opportunities provided to players of virtual casinos since Metaverse is still developing and limited only by the imagination of its creators. And we are only at the beginning of the journey, exciting, isn’t it?

Currencies used in the Metaverse

To start playing in the virtual universe, you must create a character, choose a casino, and, most importantly, buy the right cryptocurrency.

Metaverse casinos do not use traditional currencies, so regular bank cards and electronic wallets do not work here.

In the meta worlds that exist today, the following digital coins are most used:

  • Ether 
  • Mana
  • Sand 
  • AXS 

Popular crypto gaming platforms like CryptoVegas have enjoyed all the advantages of cryptocurrencies for a long time, and the Metaverse is close behind its predecessors.

Based on experience, using cryptos as payment in online casinos was the most profitable option for players because blockchain technology allows the creation of verifiable algorithms for random games. 

Simply put, provably fair games can be used to check if the outcome was genuinely random, meaning truly honest after the game is completed. This is a huge plus and one of the main reasons players are increasingly choosing crypto platforms for fair and big winnings!