Crypto gambling has brought incredible dynamism to the gambling industry at large. The decentralization and payment efficiency of blockchain technology has been a revelation for the best crypto games. Crypto and Bitcoin gambling games have had a steady evolution in the past few years. Lets’ look at the best crypto casino trends to watch out for in 2021:
The success of Cryptokitties in 2017 was a benchmark for the possibilities in crypto gaming and crypto gambling. Since then, the industry has only grown larger and more mature.
Be it familiar names like Bitcoin crash, Dice, and Wheel, or new entrants, the opportunities in crypto gambling are immense. As 2020 draws to a close, it is opportune to look at some of the prevailing trends in crypto gambling.
This could give a great indicator of the trends that will define the next year. The lockdown period was an interesting period for online gambling overall because more people had the chance to know what this sector offers.
These crypto casino trends in 2021 are what you should watch out for:
The Increasing Importance of Mobile Gambling
Since the introduction of smartphones in the late 2000s, the world has never been the same. Every year since, tens, if not hundreds of millions, of people come online even from the remotest areas. The blockchain is the perfect utility for this populace because it also means that crypto gambling can reach all corners of the world at affordable rates.
Accordingly, the mobile gambling market will continue to generate growth from Bitcoin gambling games. Online casinos have to factor this demographic strongly in their operations. This calls for investment in making Bitcoin gambling games mobile-friendly. The seamless access to gambling games from the comfort of a home is a useful utility for developers.
More casinos will likely apply in-game models to boost their revenues. This improvement, coupled with various others, is a decisive opportunity for the industry as a whole to grow. The mobile gambling experience can also come in the form of personalized mobile betting bonuses and boosts.
More Cryptocurrencies for Crypto Gambling Platforms
Cryptocurrency has totally revolutionized the way payment is effected for gaming platforms. It is no longer a static speculative commodity but can effectively facilitate commerce and even store value. The introduction of newer tokens will extend into 2021.
More sites are allowing an increased number of cryptocurrencies for payments, bonuses, and promotions. This is a departure from the days when Bitcoin and Ethereum were the default. The growth of Non-Fungible Tokens, which are more specific cryptocurrencies, has helped to improve the standing of altcoins.
Accordingly, sites like BC.Game is paving the way in accepting more cryptocurrencies. The tide to accepting several forms of crypto will likely bring more gamers to online crypto casinos.
The list of cryptocurrencies is much longer. Even though the Ethereum DeFi sector has been capturing the imagination of investors, the real story is the increased utility of Ethereum tokens. Other altcoins like Dash, Litecoin, and many others are also increasing their footprint. Online crypto casinos will continue to cast their nets wider with the acceptance of more cryptocurrencies as payment options.
It is feasible for more casinos to look into creating their own financial ecosystems with a custom cryptocurrency. This could provide for an exciting, yet healthy competition for the status as the top digital currency for video games.
Possible Mass Adoption
Crypto gambling statistics over the past few years show an industry that is consistently growing. The logical assumption is that this sector will continue to near the point of mass adoption. As more gamers realize the possibilities of blockchain gaming, the industry is set to become the default way of online gambling.
This popularity means the incorporation of new technology into crypto gambling. The rise of Virtual and Augmented reality, for instance, provides excellent opportunities for gaming developers and casinos. Making betting more realistic and wholesome will accelerate the drive toward mass adoption. New technology also makes gaming options with in-game items more engaging to gamers.
Possible Development of Regulations
Cryptocurrencies have largely operated outside the regulatory limelight. The mainstream casino business in the USA, for example, falls under the gambling commission. This entity controls the gambling industry.
As the crypto gambling sector grows more lucrative, it is only a matter of time before such entities try and get in on the action. It is only a matter of time before such gambling regulators in various countries develop some form of regulation. The regulations will likely not be reactionary and punitive because there is greater awareness of what blockchain technology does. It will be interesting to track any such developments in 2021.
Technology is dynamic and pretty fast in its disruptive nature. Online casinos are a great addition to the gambling sector. Add the blockchain to that equation and it makes for an exciting future. It is unwise to put a ceiling on this relatively young, yet already impressive industry. The crypto casino trends in 2021 above will likely combine for a great year for crypto gambling. It is an exciting time for all stakeholders in blockchain gaming.