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What is Gambling in Metaverse | Gambling in Metaverse Explained<

First of all, let’s explain what Metaverse is and what is gambling with crypto and blockchain.

Since its birth on the pages of Neal Stephenson’s Snow Crash in 1992 the Metaverse have been a sci-fi dream. Until recently nobody could say for sure that the Metaverse might be real. But in 2021 Mark Zuckerberg pledged to transform Facebook into Meta and gradually relocate all the users into virtual lands.

The Metaverse should be a new virtual reality that could possibly include all the aspects of modern real life. Including jobs, leisure time, hobbies and all kinds of communications.

Gambling is, of course, one of such aspects of modern life that could not pass through the emerging Metaverse.

If doing business, having fun and even making love is possible in the Metaverse, then one could tell for sure casinos might also be available.

First online casinos for the Metaverse have already been established, for instance, Atari Casino in Decentraland and fairspin blockchain casino.

What is a Metaverse Casino?

Metaverse casinos will work in a similar way to other crypto-based games. You will be able to bet with and win cryptocurrencies. Of course, casinos won’t accept every token or coin out there, but they will accept the big ones like Bitcoin, Ethereum, Tether etc.

You will also need to download a wallet for storing your coins. MetaMask is the accepted wallet that will be connected to the Metaverse. But other wallets can also be used.

You will also have access to a number of the best casino games out there, whether it is Blackjack, slots, roulette, lotteries, etc. Once again, more will be added over time, but there is more than enough choice in the beginning.

In order to play you will need to enter the Metaverse and choose an avatar.

Most games in virtual casinos of the Metaverse are the same or close to those you can see in a typical online casino (i.e. poker, roulette, blackjack, miscellaneous slots and lotteries etc).

But the experience you get could differ a lot.

Physical Immersion

One of the major problems of gambling on traditional online gaming platforms is mobility. Players have to sit and stare at screens throughout the entire playing period.

It doesn’t matter if you are playing through desktop computers or mobile devices. In either case you need to stay hunched over a screen for too long. And that can be physically taxing.

Through metaverse technology, players would be able to thrust themselves into a virtual world that’s more three-dimensional and is less strenuous on the body. For example, if you are wearing a virtual reality device, you might be able to move around your room while “moving” in the Metaverse casino.

More Human Interaction

What gamblers might be missing in typical online casinos is human interaction. Playing versus other humans is different from playing versus online machines.
And gambling in the Metaverse might fix that.

Let’s take poker as an example. Human interaction is vital there. One of the keys of success is watching your opponents reactions, mannerisms, facial expressions etc.
All these game elements are completely lost in online casino where all you can see is your moves with cards.

However, in the Metaverse things might get back to normal again.

Players will be given a chance to interact with one another in a more personal capacity. Even if it is done through avatars, the interaction wiil be much more human.

Crypto-Integration

Online casinos are famous for numerous problems with payments and money withdrawal.

In the Metaverse all things will definitely go crypto. So you can forget all the fiat money troubles. Cryptocurrencies will be the way to go with gambling in Metaverse.
And all those transactions will not be monitored or regulated by states or authorities.

How Will the Metaverse Change Online Gambling?

The internet is now one of life’s basic commodities and is vastly present in various parts of the globe.

People are no longer strangers to online interactions and digital transactions.

Computer hardware has progressed over the past three decades to the point that the Metaverse is no longer something totally unreal.

The Metaverse is now a reality and is being praised as the future of the internet.

Online casinos have been on the rise for a while now. In recent years online gambling revenues have skyrocketed. Online gamblers still mostly interact with traditional slots. But there are new ways of interaction emerging.

The most popular of them in online casinos are video streaming. Dealers and gamblers interact via video stream in a way they would do if they met in the ground casino.

Next step is to visit a virtual casino while being in the form of an avatar.

What is a Blockchain Casino

Sometimes people mess up two different terms – blockchain casino and crypto casino.

Any casino that accepts bitcoin or any other cryptocurrency might be considered a crypto casino. Many modern online casinos do that. You might be using blockchain to transfer funds from your crypto wallet to your gambling account. But that’s it.

Real blockchain casinos are something different.

Casinos can incorporate the blockchain into their core structures, thus becoming a place for gambling with crypto and blockchain.

The blockchain casinos can resort to smart contracts, automating payments for each game and making your winnings instantly available in your wallet. In this more extreme view of cryptocurrency gambling, the mere idea of deposits and withdrawals is irrelevant. As soon as you win your jackpot will be at your disposal.

What is a Casino in Decentraland

Decentraland is one of the first iterations of the Metaverse that actually works. And there are some blockchain casinos already. Like Tominoya Casino or Atari Casino.
Most casinos, both land-based and online, do not accept payment in any currency from anywhere in the world. Since crypto coins like MANA are global currency, anyone in the world can join just as easily as anyone else. Because of that, Tominoya can have a truly international vibe.

Decentralized Gambling

Basically, gambling on decentralized platforms is more convenient for both the player and the casino. One of the biggest perks players get to experience while wagering in places like Tominoya Casino is the lack of fees.

Interactive Live Staff

Tominoya Casino hires actual Decentaland residents to work as a staff. Dealing with actual people rather than AIs adds a whole new element to gameplay since interactivity is the main thing most online casinos are missing.

No Bots

Decentraland is run on the blockchain, which makes it very difficult to exploit. The technicalities are very complex, but everything that happens in the game is essentially recorded in an online ledger that anyone can view. This fact makes it nearly impossible for people to set up bots like you commonly see on traditional online gambling sites involving high stakes

Social Experience

Like in VR casinos, you can immerse yourself in Decentraland and get more of a real-life casino experience than most online casinos offer. You can also gamble alongside your friends, whether they are in the same room or on the other side of the Earth.

Betting and winning

Casinos on Decentraland accept different cryptocurrencies. Most users bet with MANA (the native cryptocurrency of this Metaverse), but there are other options.
You can bet DAI (the original Etherum Stable coin), ATRI (Atari Games), and USDT (popular Tether stablecoin).