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Metaverse Casino Gambling – Hitting Up The Virtual Gaming Tables

The metaverse is the latest idea/passing fad that has gained traction over the past couple of years. The idea that you can live your life, as a virtual and digital "being" on the internet is like something out of science fiction. Essentially, you redesign yourself for metaverse life and can interact with your virtual worlds as an avatar. You can do all sorts of crazy stuff by dint of being able to respawn anywhere, at any time. A world of endless possibilities. Including virtual gambling.

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Gambling in the Metaverse

Though the metaverse has been a buzzword over the last couple of years, it took Facebook’s change of name to “Meta” to really put the idea into the public consciousness. The metaverse is a concept dating back to 1992. It comes from a book called “Snow Crash by Neil Stephenson. Probably the closest idea to the metaverse can be seen in Steven Spielberg’s 2018 movie, “Ready Player One.”

What is the Metaverse?

You can think of the metaverse as a virtual 3D world existing in virtual space. It’s completely online and you’ll often find the term “metaverse” used in the same sentence as “Web 3.0.” This is the idea of the next generation of the internet. The metaverse allows players to build their own worlds which can be accessed by different technologies. You have VR, MR, AR, or all of them combined. Though they don’t offer a metaverse gambling experience, you can start to feel the direction of the gambling market by making deposits in crypto at 22Bet Casino. Soon you’ll really be able to virtually win the jackpot online.

Worlds Of Infinite Possibilities

At the centre of the metaverse, is the idea of a virtual universe. One which will house the digital equivalent of a real cosmos. As such, it will consist of worlds in which players can experience new sensations as they travel around seeing with the eyes of their avatars. As a business, right now as of writing, there are many metaverse projects which are backed individually to the tune of billions of dollars. Probably the most famous of these is the Sandbox, Genesis World and Decentraland. Presently, Decentraland is attracting a huge number of visitors, who are going for the entertainment value, as well as investing in metaverse land.

The Meta Effect On Gambling

Just imagine for a minute that you’re sitting or standing at a virtual table in a virtual world and watching Pepe the Frog play a hand of blackjack. Now of course you are not actually there yourself. But you’re there in the form of your avatar. This is a digital representation of yourself. In some ways, you might look as if you lived in Cyberpunk 2077. After a minute or so, you can step away to browse the other gaming tables and maybe find a roulette table you fancy playing on. For your bankroll, maybe you will need to convert some Ethereum or Mana before the next spin of the virtual wheel.

Maybe as you’re sitting up at the jackpot games table, Pepe the Frog will mosey over with his friend, Master Chief, and sit next to you. Maybe you’ll end up chatting about the weather, a recent metaverse event or the sad state of 4chan.

Though the scenario may sound far-fetched, or something from the latest science fiction movie, it’s actually here and now. If you know which metaverse platform to look at, you’ll find many metaverse casinos waiting for you and your avatar to step inside and start to play. In order to show you an idea of how this would work, let’s have a look at the practical considerations of gambling at a metaverse casino in Decentraland.

You Become An Avatar

To get started you’ll need to customise your avatar. Remember that this is a virtual world, so you’ll have an avatar that can look like anything you can possibly imagine. Once your avatar is ready, you’ll enter the metaverse platform and start exploring. Maybe your avatar will be carrying a special backpack. Loaded with such items you have already purchased at the virtual online marketplace. As well as various cryptocurrencies acting as your bankroll. As you move around, maybe you’ll be collecting and purchasing NFTs, whilst entering each transaction onto the Ethereum blockchain.

Floating down the main street of Decentraland, you spot a casino and seamlessly enter, sitting down at the virtual blackjack table. You’ll open up your crypto wallet and start placing bets with your cryptocurrency. We should point out that all these metaverse platforms only work with cryptocurrencies and your fiat money will be of no use there.

Important Elements of Metaverse Gambling

When it comes to gambling in the virtual world, then we suggest you keep some factors in mind. The first one to remember is that, though the metaverse is a virtual one, if you’re going to be gambling, then there needs to be a correlation between the digital and the real world. If only because you’ll need a currency of value to make wagers with. Of course, none of the items you see in the metaverse is real. But crypto enthusiasts and IT experts are working hard to bring the real world into the digital one. An ultimate goal is a form of mixed reality. One where real and virtual worlds are seamlessly combined.

Real World Intrusions

But gambling involves playing with real money. After all, the cryptocurrency in your wallet has to be purchased from an exchange using real fiat money. This means that when you’re gambling at virtual casinos to win the jackpot on the metaverse, you’ll still need to follow old-fashioned KYC rules. That means providing banking details or a wallet address. But more importantly proof of identity. There’s a good chance that even on the metaverse, you cannot gamble below the age of 18. This is why you still need real-world proof of age, even for a digital avatar.

Using NFTs As Virtual Casino ID

Many of the best metaverse platforms believe that the best proof of authenticity is NFTs. This stands for “non-fungible token.” This means they cannot be exchanged for another token. And that each one is unique. A good example of the opposite would be the fungibility of money. Or how interchangeable it is. After all, a $1 bill is worth $1, and I Euro is exactly the same. But each NFT is different. There is only one Mona Lisa painting hanging in the Louvre. And although there are many copies of it available, both online and offline, nevertheless, the one original Mona Lisa exists. In the same way with NFTs, they are unique tokens and no identical ones can exist together at the same time.

Meta Payments Meet Crypto

Essentially, all metaverse platforms run on the Ethereum blockchain. This means that they function with NFTs and cryptocurrencies, rather than using Fiat. As of the time of writing this, you can’t buy and sell your way into the universe using euros and dollars. But once you’re inside the metaverse, you’ll find that only cryptocurrencies function. Probably the most popular currencies for metaverse gambling at the moment are Bitcoin and Ethereum. But having said that, each platform often has its own token in the form of money. For example, Decentraland runs on its own token called Mana. Today many online casinos like 22Bet Casino, accept Bitcoin.

Coming Soon To A Metaverse Near You

The interest in the metaverse really started in 2020. But it really took off as a craze in 2021. Now, many businesses are clamouring to buy land on any number of metaverse platforms. Facebook has set aside over 10,000 engineers to work on their latest metaverse projects. And even Apple Computers have entered the race. But for an online gambler, there’s going to be a huge number of gaming options such as virtual jackpot slots and other games available. With many of them presented in a form, we have never experienced before. Interesting times lie ahead.