Since the advent of Bitcoin, in general, cryptocurrencies have grown steadily. Even a market crash was not enough to stifle Bitcoin and interest in the sector remains high. So what does this mean for iGaming?
Simply put, it implies that Bitcoin gambling is here to survive. It also implies that the future of casinos and betting sites will almost certainly be blockchain-based. In this post, we explore the current state of blockchain and BTC gambling, as well as a special crypto & NFT project.
Today’s State of Crypto Gambling
Gambling has always been at the forefront of adopting new technologies. Casinos and sportsbooks have been rapidly adopting new platforms and technologies to stay ahead of the competition since the early days of online gambling.
This is especially true of the cryptocurrency gambling business. We have seen many new casinos accept Bitcoin and other cryptocurrencies in recent years, but do not fully understand the concept. Bringing us to today’s topic: WAGMI Casino, an important name in the industry, recently announced the launch of a brand new, ground-breaking NFT collection.
This collection of novels began as a pursuit project aimed at reaching the confluence of two essentially different worlds: gambling and NFT. This is the brainchild of an incredible team, with vast experience from both fields, now working together with the same goal: to create a new online world! They plan to achieve that by designing one of the best crypto casinos that benefits its loyal community.
Introduction to the project and concept of WAGMI
Coming from a team of people with a rich background in the online gambling business, of course, the collection focuses on casino themed elements. “The Lucky Signs of the World” is a unique set of 3000 NFT poker chips, engraved with lucky symbols from various cultures.
But how exactly is WAGMI changing the face of iGaming? They are introducing blockchain technology, NFT and the benefits of cryptocurrencies, tailored for a better experience of playing casino games. Of course, all of this is expected to enhance the way players view online casinos.
As a crypto casino, once it is officially launched, it will be based entirely on the use of cryptocurrency for gambling. You can expect great cashback and deposit bonuses, along with the equivalent of at least 500 euros per month, all thanks to owning one of WAGMI Casino’s NFTs. Are you not a Bitcoin fan? You will be able to use both ETH, DOGE and other currencies.
Is there a future for crypto gambling?
Blockchain is widely predicted to play an important role in the future of gambling. Given the advantages that technology offers – transparency, security and decentralization, it’s hard to see how traditional online gambling sites can continue to function in the long run.
However, there are still some barriers to overcome. Bitcoin and Ethereum are still not widely accepted as payment options and the volatility of cryptocurrencies remains a concern. However, as technology advances and more and more people are interested in this field, these problems will start to disappear.
The main advantages of using cryptocurrencies
- The cost is cheaper, so the casino has a lower house edge and a higher RTP. In other words, you will earn more for your money.
- Fast and secure payment. You won’t have to wait days for your withdrawal to be processed.
- A safe vault for your assets. Blockchain provides a more secure method of storing personal and financial information (as long as you play at a reputable casino, like WAGMI Casino).
Check out WAGMI Casino’s new NFT collection and enjoy using crypto while playing your favorite casino game!