crypto-casino:-how-to-play-safely?

Crypto Casino: How to Play Safely?

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The surge in popularity of digital currencies has resulted in a corresponding increase in the
number of online casinos that accept cryptocurrencies. This trend has been impressive, with
available statistics demonstrating its extent. According to Ahrefs.com, globally, bitcoin
casino-related searches average 30,000 per month, with ‘crypto casino’ receiving 15,000
searches. The term “Bitcoin” alone receives over 1 million monthly searches.

As of 2023, the global casino industry is worth approximately $280 billion, with 4% of all
gambling activities being conducted through cryptocurrencies. With the rise in the number of
hybrid casinos, the global crypto gambling market is expected to increase in value.

Since 2014, players have wagered more than $4.5 billion in Bitcoin, and crypto gamblers bet
$3 million worth of cryptocurrency daily. Notably, around 60% of all Bitcoin transactions are
related to gambling, as reported by Bitcoin Chaser.

One significant reason behind the growth of crypto-casinos is the high level of security they
provide. Cryptocurrencies utilize blockchain technology, which ensures secure and
anonymous transactions, making it challenging for hackers to access and steal funds.
Additionally, crypto-casinos offer quick and easy deposits and withdrawals, with lower
transaction fees compared to traditional payment methods like credit cards and bank
transfers.

However, it is important to note that using cryptocurrencies for online gambling is a relatively
new concept, and in many countries, crypto-casinos remain unregulated. Therefore, it is vital
for players to exercise caution when selecting a crypto-casino and ensure that it is licensed,
reputable, and offers fair games.

One of the risks associated with crypto-casinos is the lack of regulation, which means that
they may not have the same level of oversight and consumer protections as traditional
casinos. While many crypto-casinos have advanced encryption and security measures, there
is always a risk of hacking and theft. Hence, it is crucial to select a reputable crypto-casino
with a proven track record of security and reliability.

Another potential risk is the volatility of cryptocurrencies, which can lead to significant
fluctuations in the value of deposits and winnings. Therefore, it is essential to research the
casino reputation, licensing, and security measures before beginning to play. Fortunately,
some services provide this information and offer ready-made ratings to assist players in
making informed decisions.

Crypto-casinos are most popular in countries where online gambling is legal and
cryptocurrencies are widely accepted, such as the United States, Canada, and Australia.
But, if you are located in other countries, you can use services that provide information about
the best licensed cryptocasinos depending on the country, for example, France –
fr-casinospot.com, Germany – casinospot.de.

Although the crypto gambling market currently lacks regulation, it is likely that governments
will eventually attempt to regulate and tax crypto casinos. This move would enable licensed
crypto casinos to operate legally in more regions, allowing millions of new players to join
without fear of repercussions from governments or concerns about having their funds seized
by the casino.

However, it is essential to note that playing in a crypto-casino does not guarantee anonymity,
as most crypto-casinos require some level of identification and verification. Furthermore,
playing in a crypto-casino can be addictive and lead to problem gambling. Therefore, it is
crucial to set limits and seek help if gambling becomes a problem.

blocktrade-launches-new-gamified-universe-to-transform-how-users-engage-with-digital-assets

Blocktrade Launches New Gamified Universe to Transform How Users Engage with Digital Assets

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Blending old and new, the platform combines Greek mythology with emerging technology in a level-based rewards program

Blocktrade, the go-to asset marketplace for everyone, has today announced the launch of its new gamified universe, Blocktrade 3.0. With the launch of this gamified crypto platform, Blocktrade now merges gaming with crypto investing. Blocktrade 3.0 will see the introduction of NFT avatars and a sophisticated level system, aiming to transform the way users engage with digital assets.

Blocktrade 3.0 provides a comprehensive gamified user experience with Blocktrade’s native BTEX token at its core. Equipped with 50 unique levels, leaderboards and challenges, users advance to higher levels, passing a series of progression thresholds and earning BTEX tokens and XP points along the way. To progress through the levels, users need to accumulate XP points by actively participating in specific activities on the platform. Users can then unlock a wide array of benefits and rewards as they advance to higher levels such as trading bonuses and discount fees.

“The world of cryptocurrency is constantly evolving, pushing the boundaries of what is possible in the digital landscape,” the Chief Executive Officer for Blocktrade, Christian Niedermueller, said. “Blocktrade 3.0 represents a significant leap forward in the evolution of crypto platforms. By intertwining gaming and crypto through a Greek God theme, Blocktrade creates a captivating connection that bridges the past and future. This development epitomizes Blocktrade’s goal to bring the most exciting applications of new technologies to the masses.”

The Crypto Greek Gods collection introduces 50 unique avatars representing Greek Gods, which allows users to immerse themselves in a world where mythological creatures come to life. The level-based rewards program enables users to unlock avatars as they progress to the next level with NFT functionality to follow.

Blocktrade plans to introduce additional avatar themes, allowing users to further customize their profiles based on personal preferences as they progress through levels on the platform. The unique new gaming universe blends both innovations in gaming with disruptive Web3 technology, driving interactivity on the platform and empowering users to better navigate the crypto landscape.

“Our new gaming universe is not only a testament to our commitment to creating a new age of finance but also our dedication to user satisfaction and community engagement,” Niedermueller said. “The gamification of crypto fills the education gap by applying game design elements to non-gaming contexts, such as trading cryptocurrencies. By incorporating elements such as rewards, leaderboards and challenges, we are creating an exciting and engaging environment that encourages both learning and participation.”

This launch is a milestone development in Blocktrade’s roadmap dedicated to enhancing the user experience. As part of its commitment to users, Blocktrade prioritizes security and regulatory compliance. The platform is fully transparent, with over 5,000 class-B shareholders and regulated to European Union standards. It is registered as a VASP with the Estonian, Italian and Slovenian regulators.

race-against-other-players-to-earn-crypto-in-tapnation-mobile-game-rock-crawling

Race against other players to earn crypto in TapNation mobile game Rock Crawling

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Leading mobile gaming publisher and developer TapNation has released its first ever cryptocurrency play & earn game Rock Crawling for iOS and Android devices. Designed as an accessible first-time blockchain experience, you race against other players in customizable four-by-fours to earn CAPS — the cryptocurrency used on next-gen blockchain NFT framework Ternoa.

Once you’ve climbed the Rock Crawling leaderboards, racing against each other in several colourful and challenging environments, you’ll be able to withdraw the CAPS you’ve earnt immediately into your crypto wallet.

“We’re excited to launch our very first cryptocurrency game after all the hard work done alongside Ternoa,” says TapNation CEO Hervé Montoute. “By combining Ternoa’s technology and our expertise in mobile gaming we hope to introduce players to the Web3 ecosystem in a seamless and user-friendly way, enabling them to easily reap the benefits of blockchain.”

Earlier this year, TapNation partnered with expanding virtual world The Sandbox, where players can own, build, and earn on the Ethereum blockchain. TapNation has three Web 3 casual game proof-of-concepts brewing with The Sandbox, making the French-based studio one to watch within the decentralised gaming space.

softswiss-online-casino-platform-helps-grow-operators’-potential-revenue-with-metamask-integration

SOFTSWISS Online Casino Platform Helps Grow Operators’ Potential Revenue with MetaMask Integration

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The Online Casino Platform by SOFTSWISS, a modular casino management software used worldwide, integrates MetaMask, a software cryptocurrency wallet. From now on, depositing money from a MetaMask wallet takes only 3 easy steps. 

The improvement is meant to streamline the depositing process in online games, making it less effort and time-consuming for players. The latter have no longer to go through multiple steps, including QR code scanning, switching between several screens, and copying the information, to bet funds from their MetaMask wallets. The new process allows doing it in three steps while maintaining security:

  1. Select MetaMask on the deposit page.
  2. Enter the amount.
  3. Confirm.

With the new depositing option integrated, players will face fewer barriers on their gaming journey, so operators may find bigger figures on their accounts. The novelty is able to drive vital key performance indicators upwards the more players deposit, the higher the total bet amount, GGR, and, as a result, operators’ revenue will be.

“According to the SOFTSWISS State of Digital Coins report, total crypto bets in 2022 reached 20.2 billion euro – 24% of the total bets amount. A quarter of all bets, сryptocurrencies continue to play a vital part for any modern brand looking to enhance the overall player experience. That is why we continue implementing crypto tools into our Online Casino Platform and other SOFTSWISS products,” shares the company’s plans Darya Avtukhovich, Head of SOFTSWISS Casino Platform.

The SOFTSWISS Online Casino Platform is a modular software for managing player accounts, payment service providers, game vendors, reporting, and analytics. The software can be provided as White Label Casino Solution, Turnkey Casino Solution, or Crypto Casino Solution, giving operators a comprehensive back office for their online casino brand. Built to focus on security and stability, the Crypto Casino Solution includes such features as Bitcoin Gaming Platform, In-Game Currency Conversion, Crypto-Friendly Game Providers, and Crypto Payments.

 

About SOFTSWISS 

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

how-gamers-are-putting-the-future-of-fun-front-and-center

How Gamers are Putting the Future of Fun Front and Center

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By Roobet Co-Founder Matt Duea

Growing up playing video games, I remember it well: the days when those in the mainstream thought being a ‘gamer’ was pretty much synonymous with being an awkward, basement-dwelling loner.

But times have changed and let’s face it – gamers aren’t exactly pariahs anymore. Esports tournaments like the League of Legends (LoL) World Championships rake in viewers in by the millions – a few years ago, more people watched the LoL final than the MLB and NFL championships combined.

This is nothing new. Gaming has been a huge part of mainstream culture for years now. But over the pandemic, something switched – people who’d never even owned a PlayStation began to realize the value of online entertainment as they sought out new ways to relax and socialize. In 2022 alone, the industry generated over $180 billion in revenue – worth more than the Hollywood and music industries combined.

One offshoot from the gaming world is blossoming into a powerhouse of its own while promising to stay true to its roots in gaming culture: online gambling and digital casino. It constitutes a huge portion of this multi-billion-dollar industry, generating around $63.5 billion just last year.

At Roobet, we’re powered by Zillennials – our unique perspective has reshaped the world and we’re applying it to our product strategy every day. A shift from bricks-and-mortar to online just makes sense in the gambling world and it’s clear how necessary the move to the digital marketplace was. Betting online combines the excitement of a modernized catalog of casino games that you can play with your online Discord buddies from around the world.

We’re a generation of world-travelers who grew up online and built a network of friends spanning far-flung reaches of the globe, thanks to the close proximity of chat rooms, video game lobbies, social media and Reddit. So, when we came of age to gamble for the first time, we did it in a real casino – and to be honest, it’s not that ‘social’ of an experience.

Most adults go to the casino for a shared experience with friends. For some of us, watching a friend gamble is just as – sometimes more – fun than gambling ourselves. For a generation that’s increasingly ‘location agnostic,’ bricks-and-mortar casinos just aren’t the best option. Traditional casinos’ promise of glitz is often a dimly-lit, smoky place, full of strangers, an hour’s drive away. Add to that the pressures of learning games in public – and well, playing from home on a smart TV with your mates on the couch starts to sound a hell of a lot more appealing.

So, casino went online. And as it did, gamers welcomed a greater sense of convenience and personalization. Casino became more accessible, more exciting and players were liberated in the process. Based on their individual wants and needs, players gained a new freedom to choose whether in-person gambling or online casino met their needs best.

The industry has thus been transformed and now online casinos can offer so much more than those in the mainstream believe to be possible. Simple slot machines and blackjack games are quickly becoming a thing of the past, supplanted by modern permutations of age-old classics that go viral on a whim. And with the rise of blockchain technology and cryptocurrencies, players now have even more options for secure and convenient cash-in and cash-out methods, which are nearly instant with virtually no disruption.

Roobet is one of the world’s fastest-growing crypto casinos. And while we push ourselves daily to offer the most entertaining games, the most fluent gameplay and to support our interactive, thriving community – our core offering is fun. And we take fun seriously.

I mean, we’re the only biggest casino to be run by a digital kangaroo. Because it’s not just the games themselves that are responsible for the industry’s meteoric rise in popularity. But the gamers who make up our dynamic digital communities and an online culture that puts fun and safety first and foremost, have fundamentally altered perceptions of how we see gambling and its place in society. It’s not the shady and taboo endeavor that it once was: it’s fun, it’s exciting and it’s a new way for adults to interact with friends from anywhere across the world.

Crypto casinos like Roobet operate on serious tech and are powered by some of the most innovative and forward-thinking minds in the industry. As a brand, we consider every aspect of the player experience. At a minimum, we provide industry-leading games, best-in-class bonuses and rewards and we foster a sense of community that you just can’t find anywhere else. Players can connect with each other and engage in a more immersive and interactive way. And with our communities sprawling across social platforms, the experience isn’t confined to just our website.

But we want to push beyond that. As gamers, we’re problem-solvers by nature. And gaming is about challenging the norm and pushing beyond what others perceive us to be capable of – because we know that the mainstream is always chasing to keep up with us.

It’s no longer solely crypto enthusiasts who use crypto casinos but a new generation of bright-eyed and bushy-tailed digital natives who know the value of crypto, blockchain technology and are excited for the direction that gaming and the web itself is headed.

So, we develop new products every month that provide players with new ways to interact with the brand, which aren’t just limited to gambling. We have our fingers on the pulse and work alongside some of the biggest names in entertainment to lend us their expertise on what really makes people tick. And we work around the clock to make it happen.

We’re not just a casino. We’re pioneers of online entertainment and defenders of fun on the digital frontier. Yet again, gamers are ahead of the curve – and take it from us – we’re going to revolutionize digital entertainment for the better.

vaiot,-kucoin-labs-jointly-launch-crypto-regulation-think-tank-supported-by-industry-experts

VAIOT, KuCoin Labs jointly launch crypto-regulation think tank supported by industry experts

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VAIOT, the developer of AI-powered digital services for businesses and consumers, launches the Digital Assets Regulation Institute (DARI), fostering forward-thinking regulation informed by the know-how and perspective of companies operating in the crypto space. VAIOT’s $VAI token remains one of the earliest digital assets to be issued within a regulated framework. The company is also among the few to have returned every penny to its investors after it was hacked for $2 million in January.

With the collapse of FTX—the former symbol of legitimacy in digital assets—many blockchain enthusiasts fear investors will step away from the industry. But 58% of institutional crypto investors plan to raise their allocations over the next three years, according to a recent Coinbase report, pointing to a long-term view of the asset class even though prices remain low. There will, however, undoubtedly be a shift toward regulated digital assets with long-term potential. As governments bolster their nascent regulatory infrastructures—ranging from MiCA, the EU’s new crypto-assets regulatory framework, to various U.S. initiatives—it’s crucial they consult with industry practitioners on how to make them effective and ensure the protection of retail investors.

Regulated since September 2020 under strict Maltese legal scrutiny and with oversight exercised by Grant Thornton, a leading accounting and advisory firm, VAIOT positions DARI at the forefront of shaping regulation. The think tank will gather relevant stakeholders, ranging from regulated companies and projects seeking regulation to consulting firms, financial and security auditors, accounting companies, law firms, and VCs, to conduct extensive research and produce reports that will inform government policy across the globe.

VAIOT’s DARI is co-founded by KuCoin Labs, which brings significant experience in research and incubation of Web3 projects based on a strict selection criteria and vetting process. KuCoin Labs is known for gathering both internal and external leading market experts from different project development segments. DARI is also supported by a group of experts, including members of Grant Thornton Malta’s tax, regulatory, and compliance practice.

At DARI, an interdisciplinary body of experts representing the point of view, know-how, and experience of industry participants will create ready-to-implement gold standards and best practices for crypto regulation. Specific working groups will develop reports and conduct focus groups from the perspective of retail investors to ensure policymakers take into account the perspective of every token holder when crafting regulation. DARI will offer up a unified body of knowledge easily accessible and implementable for any company in the industry to utilize. Projects seeking to be regulated will be able to participate in consultation and incubation with DARI’s institutional partners, and the institutional partners will act as consultants for the think tank.

DARI invites companies, experts, and institutions in the crypto industry to join the initiative. Requests and inquiries should be sent to pa@vaiot .ai.

“No one cares about regulation during a bull run when money is being tossed around and investors are making massive gains,” says Pawel Andruszkiewicz, COO of VAIOT and President of DARI. “It’s when everything crashed and burned a few months ago that people came to understand the value of companies, like VAIOT, that comply with stringent regulations. It’s our goal at DARI to ensure effective regulation is at the forefront of the way we think about this industry going forward.”

“We’ve been hearing about governments working on regulation for digital assets for years now,” says Wayne Pisani, Partner and Head of Tax, Regulatory and Compliance at Grant Thornton. “But part of the problem is it’s being developed behind the scenes. Effective regulation requires bottom-up initiative, where companies and entities working within regulatory frameworks can share their opinions and expertise with regulators in a public manner. That’s what DARI is aiming to bring to the industry.”

“It is particularly crucial to join as strong an industry force as possible to ensure an optimal development condition for future crypto builders and users,” states Lou YU, Head of KuCoin Labs, and vice-president to DARI. “We hope to create regulatory synergies among countries and markets, shouldering the fundamental ideologies of crypto but also making them relevant and tangible to all participants. DARI will put efforts into the submission of an official proposal to the European Commission, and is enthusiastic about engaging in regulatory hearings with the relevant European institutions.”

fiat-&-crypto:-king-billy-players-get-the-best-of-both-worlds.

Fiat & Crypto: King Billy players get the best of both worlds.

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See how the casino players can deposit in crypto and play in fiat. 

Since the dawn of e-gaming robust payment systems have been crucial for the success of any online casino, as they are a key factor in creating a positive and satisfying gaming experience. Moreover, the availability of different payment options allows players to choose the method that works best for them, whether it be classical fiat money or cryptocurrency.

But is it possible for an operator to give its players the best of both worlds, fiat and crypto at once? Yes, it is, with the King Billy feature “deposit in crypto, play in fiat”. The concept is simple. A casino player deposits in crypto (choosing among 4 cryptocurrencies King Billy supports). Then, the system automatically shows them their balance in the currency of their choice (among the 14 currencies King Billy supports, used by more than 3 billion people worldwide). When the players withdraw, their transaction takes place back in crypto. 

What are the advantages of this system? Ruslan Legenzov, King Billy Casino Head of Affiliates (or “Lord of Affiliates” as the internal etiquette demands) has the answers: “Good things come in threes, and there are certainly 3 very good things about our “deposit in crypto, play in fiat” feature.

First of all, depositing in crypto means less hassle and paperwork for the player and elimination of the dreaded “transaction not coming through” issue. This has been a problem and actually a torment for many of our players in remote areas of the world. As a global casino, we are happy to act in ways that give peace of mind to our players.

Secondly, this system offers a greater player experience to the King Billy Citizens and Nobles, as they can now take advantage of our numerous promotions and offers in fiat. For example, players who deposit in crypto can now participate in our extremely popular fiat-only “Slot of the Month” offer, that’s been a staple of our casino since our launch. 

Finally, with “deposit in crypto, play in fiat” our players, especially the not so cryptocurrency-savvy have a much clearer understanding of their wins or losses. I am sure that a player, let’s say from Vietnam, prefers to see, in real time, how much his slot win is worth in the Vietnamese Dong than running in parallel a crypto converter tool to do the math!”

Well said and well done your Majesty. 

For those interested in the “deposit in crypto, play in fiat” feature, King Billy Casino accepts the following currencies: Euro (€), US Dollar ($), Canadian Dollar (C$), Australian Dollar (A$), New Zealand Dollar (NZ$), Norwegian Krone (kr), Indian Rupee (₹), South African Rand (R), Vietnamese dong (₫), Indonesian rupiah (Rp), Malaysian ringgit (RM), Thai baht (฿) and the Philippine peso (₱). King Billy also accepts the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tether (USDT).

King Billy Casino is a new-generation online casino, launched on St. Patrick’s Day in 2017. It is available in 4 languages (English, German, French and Finnish) and it has an impressive record in awards with 25 wins, shortlists and other distinctions, and an amazing variety of features and games. King Billy has prioritized the creation of a superb user experience, focusing on the myth of King Billy and his Kingdom and treats all players with the specialness they deserve. 

sumsub-releases-a-complete-guide-to-business-verification-highlighting-compliance-challenges

Sumsub releases a complete guide to business verification highlighting compliance challenges

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Sumsub, an all-in-one verification platform, today published its Complete Guide to Business Verification (KYB) for businesses in the fintech, banking, payment, crypto, e-commerce and gambling industries.

Business verification market size is expected to grow at a CAGR of 11.81% and reach $348 million by 2028. Sumsub’s new guide will help companies tackle KYB-related compliance challenges across different jurisdictions and find best ways to build effective business verification workflows.

In 2021, 98% of B2B retailers, marketplaces, and manufacturers experienced financial losses due to fraud attacks. Fraud is on the rise in B2B industries. To stay safe and compliant, businesses need impeccable due diligence when it comes to their customers and partners. This means conducting proper background checks, clarifying companies’ ownership structure and identifying Ultimate Beneficial Owners (UBOs), and much more. If these crucial steps are overlooked, governments can levy significant penalties. For example, Finanstilsynet, Norway’s financial regulator, fined DNB, the country’s largest lender, over $48 million in 2020 for due diligence failures and non-compliance with AML regulations. Earlier, DNB had been under investigation for allegations of transferring millions to a business customer’s shell companies.

In the guide, Sumsub’s team of compliance experts explains the process of a legal entity’s verification in great detail and shares customers’ best practices along with useful compliance tips—all intended to make it easier and safer for businesses to onboard companies as opposed to individuals.

Here are five key business verification trends highlighted in the guide:

  • Ultimate Beneficial Owner (UBO) verification remains one of the biggest KYB challenges due to jurisdictional loopholes;

  • UBO status is now assigned with control of 10-25% of a business, depending on the jurisdiction, and it is required to be verified in accordance with AMLD5;

  • While business verification rules are generally similar around the world, every country has its own compliance differences to be aware of. For example, in the U.S. business verification regulations exist as a result of the Bank Secrecy Act (BSA), but are enforced by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). While in countries like China only one institution, The People’s Bank of China (PBOC), regulates KYB;

  • Using offshore islands and tax havens for fraud and money laundering is now a common occurrence. Investigations into bankruptcies, VAT frauds, and other illegal practices reveal “ghost firms” that perform illicit activities—so determining a company’s structure, ownership, purpose, and activity through due diligence procedures such as KYB is crucial;

  • Sanction screening is becoming increasingly important as the geopolitical situation changes. Even non-regulated businesses like car sharing services or marketplaces should also screen for sanctions to ensure there are no restrictions in cooperating with a counterparty.

“Sumsub’s all-in-one verification platform includes onboarding of legal entities as well as traditional KYC checks, and this corresponds with the global demand to make business verification a meaningful part of the due diligence procedure. With access to the profiles of over 400 million companies and beneficiaries from registries across 220 countries and territories, it takes Sumsub only 3 hours to complete full-cycle KYB verification. As for the automated KYB check, it takes Sumsub as little as 3 minutes to perform. By embedding legal entity checks into their customer onboarding flows, companies safeguard their reputation and avoid potentially huge penalties from regulators. And Sumsub is ready to help these companies along the way by offering an advanced AI-based KYB solution coupled with global compliance expertise,” said Tony Petrov, CLO at Sumsub.

crypto-bets-drop-14.6%-while-ether-grows-its-share:-softswiss-sums-up-ambiguous-2022

Crypto Bets Drop 14.6% While Ether Grows its Share: SOFTSWISS Sums up Ambiguous 2022

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The unstable climate of the last year’s global developments has affected various business sectors related to cryptocurrencies. The iGaming industry was no exception. To predict the future for cryptocurrencies, it is first worth addressing and dealing with the outcomes of 2022. SOFTSWISS, a leading tech provider for iGaming, has analysed the past year’s data to share an expert crypto report with the industry.

A pioneer in crypto gambling with its Crypto Casino Solution and 10 years of market expertise, SOFTSWISS quarterly analyses the crypto market to share insights with the industry. The tech-savvy developer presents its newest report analysing the crypto results of 2022 versus 2021, based on the data from 700 clients of the Game Aggregator and the Casino Platform by SOFTSWISS.

2022 VS 2021

Despite the last year’s fluctuations on the crypto market, the total bets, including those in fiat money and digital coins, made on the supplier’s platform increased by 31% compared to 2021. The gross gaming revenue, that is the difference between the amount wagered and the amount won, also showed a growth of 36% YoY.

 

In Q2 2022, the total bets passed the 20 billion euro mark. The indicator continued to grow steadily each quarter until the end of 2022. The average total bets increased by 35% QoQ. In comparison with 2021, the quarterly average GGR increased 2.7 times, having reached 38% of growth.

 

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The fact that we see an increasing number of new fiat projects does not diminish the power of the already established worldwide community of crypto players. They became a strong drive for iGaming operators to implement and expand payment methods supporting digital coins. iGaming tech providers will still be focused on developing new crypto-centric tools. For example, we’ve launched the In-Game Currency Conversion feature allowing the crypto audience to enjoy all available games through automatic conversion of digital coin bets into fiat wagers.”

FIAT VS CRYPTO

Compared to 2021, the overall amount of crypto bets decreased by 14.6% to 20.2 billion euro. The 3.5 billion euro drop on the crypto side influenced the fiat share growth. By the end of 2022, the total fiat bets accounted for 76% of the total player bets.

 

MOST USED DIGITAL COINS

Despite dropping over 60% in price in 2022, Bitcoin is still in the lead, accounting for  72.7% of the total crypto bets. At the same time, this digital coin has lost 7.4 p.p. since 2021. Ethereum has improved its popularity among players, gaining 3.7 p.p.

Reviewing 2022, the top 3 most used cryptocurrencies are:

  • Bitcoin – 72.7%
  • Ethereum – 13.6%
  • Litecoin – 5.5%

The detailed breakdown, including DOG, USDT, and BCH, is available in the report.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “As opposed to 2021, which was rewarding for digital currencies and NFTs, 2022 has not brought similar results. We are optimistic about 2023 and confident that players won’t stop choosing crypto because of its transaction speed, anonymity, and decentralised nature. Despite all digital coin fluctuations, crypto has already gained a significant share among players and operators and has become an integral part of the market. For this reason, SOFTSWISS is continuing to strengthen its partners’ projects, whether fiat or crypto, with new innovative tools and solutions, providing operators with security, reliability and top-level service.”

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,500+ employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimised online casino solution.

 

gambulls-crypto-casino-builds-up-nft-community-in-competitive-space

Gambulls Crypto Casino Builds Up NFT Community in Competitive Space

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Gambulls, a crypto casino, is disrupting the industry by leveraging and building a community of fans, using NFTs to introduce a myriad of benefits to players. The casino also creates a unique gambling experience by allowing players to bet with crypto.

Together with a huge collection of gaming providers and services, Gambulls have positioned themselves in a niche industry called “crypto gambling”. The market value for online gambling is projected to reach $93 billion by 2023. As such, in a competitive space, even a small market share in this niche is lucrative.

Gambulls expansion with digital collectibles

Gambulls roadmap for the future includes strengthening its position in the industry, while also expanding its user base by introducing NFT digital collectibles on the platform.

In Q1 of 2023, the Gambulls team will unveil their very first digital collectibles project. Also known as “non-fungible tokens” (NFT), digital collectibles are media assets whose ownership is recorded on a blockchain. Any holder of the Gambulls NFT will have exclusive gaming privileges at the Gambulls casino. Every NFT has a varying degree of rarity, which also adds to its value. By remaining loyal to Gambulls casino, players who hold Gambulls NFTs can reap far more benefits than regular players.

Gambulls is part of the Jelly eSports ecosystem

In addition to Gambulls NFT, anyone who holds the Jelly eSports Rascals NFT will also benefit from exclusive rewards at Gambulls.

CarlosOMFGTV, one of Gambull’s original creators and owner of Jelly eSports, is one of the most successful projects in the NFT space on the Solana blockchain. Owing to his massive fanbase, popularity and vision of being a builder in the space, Carlos has also helped create interest around Gambulls, his latest crypto casino project.