Online gambling

We review Crytpo, NFT, VR and AI in online gaming

Despite its affordability and overall accessibility, the so-called Metaverse doesn’t seem to offer much for online gamers. It’s a bit confusing, especially since online play has been driven by technology for decades. Considering the sheer size of the online gambling market adds to the mystery.

Hard numbers are hard to come by due to the underground nature of some of the larger markets like offshore casinos serving the US, Australia and other regions with poorly defined or unenforced regulations. But even Statista tells us that the global market has reached 231 billion US dollars in 2021. Last year, more than a million workers were employed in the industry.

When SlotsMillions VR Casino launched in 2015, it predated the Oculus Rift and HTC Vive consumer glasses needed to play it and was only available through dev kits. It also took a high-end PC and the games were delivered in the now completely old Flash format. Still, there were about 40 virtual machines in an orderly space that could be explored.

A virtual chicken in every pan

Today almost anyone can get a high quality standalone headset for as low as $249 on sale and never more than $299. But the Metaverse is not ready for us yet. Unless there’s a super secret development that we don’t know about, that probably won’t change any time soon. That doesn’t mean you can’t play online casino games for real money in VR.

Aside from the nearly decade-old SlotsMillions and a PokerStars social app, all we found was a hybrid experience. You can import your desktop screen into a VR “room” and play big slots, live cards and RNG table games – you can’t mingle at the tables yet.

Immersed Agent and vSpatial are the two best “professional” apps to use at this point. You can basically walk into a space or create an environment and then “cast” your computer’s display onto a virtual screen that you can enlarge as much as you want and even bend it almost 180 degrees to have spinning reels in your peripheral vision.

Both programs are free but can be upgraded to multiple screens and additional premium services are offered.

Another option, which we haven’t explored for integrity, is ICE Poker, provided by Decentraland. It’s a bit more involved than banking at your favorite casino and putting it in your headset and involves “winning clothes” like jackets, pants and sunglasses and these can self- saying to be cashed.

The company explains:ICE Poker from Decentral Games allows anyone to earn ICE by purchasing or receiving a delegation to an ICE Poker Wearable NFT (non-fungible tokens) and completing daily poker challenges in the Metaverse. To get started, buy an ICE wearable from DCL Marketplace / OpenSea or find someone to delegate a wearable to you in our Discord.”

Another development worth watching is a collaboration between Decentral Games and Amnesia Ibiza which created Amnesia Ibiza Club. Here you can use NFTs to buy the game and play.

However, the process may not be as smart as it first appears. Last week, it was reported that securities regulators in Texas and Alabama ordered Sand Vegas Casino Club developers to stop selling (NFT). These NFTs were offered as a way to invest in casino profits. Although not directly related to buying or cashing in “tokens” or anything else of value, the cease-and-desist order appeared to be the regulator’s first step in the metaverse.

Crypto Casinos up 64% in one year

About crypto-casinos – the vast majority of them allow you to deposit and withdraw in almost any cryptocurrency, but you play with regular coins. According to an April 14 NBC News report, “A survey by Chainalysis, a blockchain analysis company, has revealed that there are around 70 crypto-enabled casinos currently in operation and they have received around $2.8 billion so far this year. . Last year the industry raked in $10 billion, according to Chainalysis, a 64% increase from 2020.”

Blockchain (Bitcoin etc) and VR would seem built for each other if no other reason, they are both “otherworldly”. But what about real casino from the future?

CasinoBeats recently spoke with Gaming Innovation Group (GiG) co-founder Robin Reed, who is now CEO of HappHour.io – a company that finds solutions to bring online gaming back to its social roots. Its current effort allows players to “bet behind” a live slots player to replicate their bets and experience the same excitement, thrills and agony of defeat more socially.

Reed wants to see the developers build completely new experiences rather than replicating the social and physical aspects of terrestrial play in the virtual reality world. He notes that when you enter a land-based casino, you leave the real world behind and argues that the virtual experience should have the same core material and social values ​​while becoming an entirely new experience.

I expect immersion on steroids…

He told CasinoBetas, “In the Metaverse, you can do this on an almost unimaginable level. I expect immersion on steroids, unprecedented spontaneity and extraordinary stimulation of the senses, all wrapped up in the product that is perhaps the strongest and most compelling entertainment there is: gaming..”

For now, it is impossible to say what the game universe will look like in a few years. Another element that needs to be considered with blockchain and virtual reality, artificial intelligence is something that needs to be considered and the effects of all three together, especially in vulnerable people, should be studied. This is truly uncharted territory.

Artificial intelligence, cryptocurrency and virtual reality were hardly relevant just a few years ago and the triumvirate holds exciting possibilities as well as dark potential forebodings.

Source: Heavy Meta: replicating the terrestrial would be a “bounded error”, CasinoBeats, April 14, 2022