Virtual reality (VR) is one of the most exciting technologies in gaming and the Metaverse is a solid foundation for a blockchain-based cyberspace. Merge these two and it creates the perfect platform for the Metaverse casino.
Soon, you can play your favorite games in VR casinos built on blockchain platforms like Decentraland and Sandbox. These are the platforms for all sorts of Metaverse gambling waiting to open. Explore this new venture and be among the first to enjoy a new experience of online casino gaming.
What is the casino experience in the Metaverse like?
The best way to describe the Metaverse casino experience is to explain how VR works. It is accessible using a gaming device that has to be put over your eyes. These will place your perspective wherein you can explore and play in first-person view. The VR device covers all your peripherals so it will feel like you are playing land-based casino games.
Features that make up the Metaverse casino are digital 3D models that are non-fungible tokens (NFTs). That means they are modeled and minted to be added to the blockchain so that they can be used in this cyber world.
The fun part about this is that game developers are not constrained by physical limitations. They can be as creative as developing augmented reality (AR) games like Lightning Roulette or Crazy Time. Originally, you could play these games only through the screen. In Metaverse casinos, you can play the game while seated at the table next to other players.
Best Metaverse casinos in 2024
There are several Metaverse casinos ready for access right now. Operators invested in this project since Decentraland was launched in 2020. Now they are reaping the fruits of their labors and you, the gamblers, are the ones who can enjoy them the most.
Here are some of the best Metaverse casinos you can play at in 2024:
Bitcasino.io is the proud title holder of being the first licensed Bitcoin casino. That claim remains with the brand as the operators venture forth into a new frontier, into the Metaverse. There is a fancy lounge where you can interact with other bettors as long as you sit at the same table.
The brand is taking another brave step into online gambling innovations by being among the first Metaverse casinos in the world. However, they are approaching it slightly differently because Bitcasino.io’s Metaverse casino does not support VR technology. Instead, you can navigate the venue on the web app.
Use the W, A, S, and D keys to move around the gaming floor or click on parts of the screen to move your character that way. Click on seats or tables to bring up prompts asking you to take a seat. You can also join private conversations in the lounge area but some seats are invitation-only.
If you want to opt for a Metaverse casino that pursues 3D walkable environments more ambitiously, then BC.GAME aims to be that kind of service. The seeds of this project were sown back in 2021 when they bought land NFTs in the Sandbox Metaverse.
BC.GAME already started a slow transition in 2021 when it started using more Web3 technologies for its services. This includes the integration of ERC20 and ERC721 channels using the MetaMask web app to allow the use of smart contracts to automate transactions.
The best Metaverse casino to showcase the vision of VR gambling is Chateau Satoshi, released in 2019 by Decentraland Games. It still has a lot of polishing to do throughout 2023 and 2024 but it is already a great example of what Decentraland is capable of. There’s a fully functional luxury casino building built on Decentraland’s plot and players can come and go as they please.
Navigating Chateau Satoshi needs a VR headset like the Oculus Rift and players can enter it after exploring other parts of the Metaverse. It also accepts tokens that are generally tied to the platform itself rather than issuing their own like Ethereum (ETH) and Decentraland (MANA). Chateau Satoshi also accepts ICE Tokens (ICE) because they also have ICE Poker tables.
Role of decentralized finance (DeFi) in Metaverse casino
Decentralized finance (DeFi) is a financial operations technology that uses the blockchain as a payment platform. This way, there is no need for a central authority or any third party to oversee the transactions. Also, every user is verified using distributed ledger technology (DLT) and remittances are validated more seamlessly compared to modern banking.
DeFi is an integral part of the casino Metaverse industry because the latter will be dependent on blockchain-based payment systems. That’s because these 3D VR gaming floors are built on ERC721 channels. Therefore, it will be running using Web3 technologies like ERC20 tokens and wallets such as MetaMask or Coinbase Wallet.
Non-fungible tokens (NFTs) in the Metaverse casino
The best part of the Metaverse is that it’s powered most prominently by all kinds of digital assets. Its market trade stabilized sometime in the middle of 2023 because there weren’t any new major developments. However, Metaverse gambling will soon revive interest in technology, urging more investors to join.
NFT comes in a wide variety of types and all of them contribute to the overall Metaverse gambling experience. The role they play involves enriching the use of DeFi not only for players but also for investors and creators alike. This creates a healthy blockchain ecosystem that will give NFTs and Metaverse crypto long-term intrinsic value.
Some of these are in the form of:
The most important asset in the Metaverse right now is the property tokens. Also known as realty tokens, are considered to represent ownership of real-world property.
What’s great about this token is that it can be used for other projects like a lot for your house or cultivated to generate passive income. You can also hold onto these property tokens in hopes of auctioning them for the best price to investors.
Just like property assets, there are also items minted on the blockchain specifically to be used as building materials for a Metaverse project. This is what you see in various VR worlds, not just Decentraland or Sandbox casinos. They are typically not for sale because their purpose is to remain a static part of the environment.
Artworks are what popularised NFTs with the advent of Bored Ape Yacht Club and similar collections. Connoisseurs value these serialized artworks and buy them at the highest price possible because of their ever-increasing demand. Many invest in digital art to collect and use them in Metaverse projects while others seek them out because they identify with the image.
There are also artworks that aren’t serialized but are minted purely to place their creations into the blockchain ecosystem. Famous artists from around the globe trade their skills and self-expressions the same way fine artists auction theirs but this time, every transaction is handled by DeFi. This brought many illustrators and songwriters to fame thanks to the blockchain.
Avatars and customisations
The character you make and pilot as you move around the Metaverse can be an NFT. It simply means that it is unique as per serial number and that belongs only to you unless you decide to sell it. However, doing so means you have to let go of everything that comes with it like:
- Unique randomised features
- Identity in a community you’ve built
- Status you’ve earned from various programs
Likewise, these are also the perks you can get if you buy an avatar instead. Buying and selling avatars is part of many massively multiplayer online (MMO) communities all the time.
People like to start over and re-earn their achievements and profit from their hard work. It’s not impossible to assume that this will also be in the Metaverse because it’s available right now.
NFT avatars trading range across different platforms. This involves 2D artwork like the Bored Ape Yacht Club where every image can be used as a profile picture/avatar. It’s a collection that already proved how exciting and volatile the NFT trading market is for an image, making it even more exciting for 3D custom models.
Cryptocurrencies and tokens in Metaverse casinos
The majority of transactions expected to be seen in casino Metaverse will be entirely made up of cryptos. This means that all deposits and withdrawals will be peer-to-peer (P2P) with the help of Web3 apps to ensure top-of-the-line security features.
You can also find services like dApps and exchanges allowing fiat deposits but you have to convert them to crypto like:
Almost every NFT casino Metaverse is built on a smart contract network like Ethereum and that’s why you can expect ETH to be one of the most widely accepted assets in the economy. It is nearly universal in its uses as the native utility token of the network. As the second most valuable crypto by market capitalization, it is likely to be accepted outside of Ethereum.
ICE Token (ICE)
ICE Token is the native asset on the ICE Poker table. This game can be found in its own dedicated Metaverse casino of the same name but it can also be found on the more renowned Chateau Satoshi. If you are looking for the best Metaverse casino experience in playing poker, then this is a great crypto to invest in.
Decentraland is currently ahead of Sandbox as a Metaverse platform because it was launched a year earlier (2020) and it is more welcoming of investors. MANA is the native token used in this space which you can use to buy almost any token in the Ethereum network through swap apps.
What’s even better is that it can also be used to buy NFT made by creators on Decentraland. MANA can be bought and sold at exchanges outside of Ethereum, too. It can be stored in any ERC20 and ERC721 compatible wallets like MetaMask, giving you all the access you need in Metaverse gambling.
Sandbox (SAND and LAND)
SAND has a similar function to MANA but it’s usable in the Sandbox Metaverse. LAND, on the other hand, is the blockchain’s ownable NFT property. Despite being newer than Decentraland, this crypto has a much more valuable market capitalization.
The Sandbox Metaverse has already started trading native assets in 2021 and officially opened in November 2023 at the first-ever Global Creators’ Day. Also, LAND owners are free to publish their works instantaneously or trade them for a mark-up profit. Casinos like BC.GAME are bound to make a splash in 2024 because of how polished Sandbox is.
The best part about Metaverse gambling is that it’s not exclusively accessible to Ethereum users only. Platforms like Bitcasino.io lets you explore a virtual space and play its games without being restricted to that blockchain only. You can use your account balance which can hold assets like Bitcoin (BTC) and stake them in a Metaverse casino game.
Its role isn’t completely absent in other Metaverse gambling houses, either. Bitcoin is connected to Web3 and can be used in DeFi largely thanks to Stacks (STX). It’s a layer-one blockchain that allows Bitcoin miners to mint STX and vice versa. This also makes it easy for users to trade BTC for an ERC20 token and back, giving you easy access to liquidity.
Tether is a stablecoin that runs on multiple blockchains including Ethereum. That means it can benefit from the ERC20 channel provided by MetaMask and be included in a smart contract. This is also one of the most ideal digital assets for most online transactions because it is pegged to the United States dollar (USD). Thus, most gamblers are more familiar with its rate.
USDT is also one of the default assets you can use in Bitcasino.io Metaverse gambling. Just toggle the menu to cycle through balances and you can use this stablecoin for all games.
When using crypto, there is no need to provide information such as your name, card number, or even CVV. All it takes is a quick scan of the QR code or simply copy and paste the wallet address. Aside from security and privacy, transactions using crypto is easy with just simple clicks.
The role of blockchain technology in Metaverse casinos
Blockchain has contributed a great deal to improving the online casino gaming experience over the years. It introduced decentralization as a cost-effective alternative to fiat payment because it does not require many services for cross-border remittances. Blockchain payments also promote more transparency while still maintaining the player’s right to privacy as an individual consumer.
All of those benefits carry over to the Metaverse gambling industry. Virtual gamblers can expect even greater efficiency because it is a gaming experience entirely supported by Web3. Everything on the Metaverse is built on the blockchain, including the plot of land that the 3D VR casinos are built on, thus enforcing the following roles:
Community governance and decentralization
The Web3 environment aims to be entirely independent of any form of central authority. Therefore, its members will be left to manage their community through blockchain voting.
Governance this way is partially democratic with tokens as leverage. These votes are cast to decide how the community and the industry will move forward for the sake of the Metaverse.
Empowerment of the user and establishment of a strong identity
The whole point of owning an NFT is to encourage its owners to pursue a strong sense of individualism. An identity is only strong when you belong in a community where members build each other up either through hype or simply acknowledgment. The blockchain helps by respecting unique ownership of assets.
Everything minted in the metaverse is unique from one another down to the serial code of that entity. That includes your properties, cryptocurrencies, and your avatar representing your presence in the virtual space that other people interact with. This also makes it possible to establish a brand identity for businesses or become an influencer in the Web3 community.
Blockchain transparency also makes it easier for casinos to recognize their loyal customers. Loyalty benefits are much easier to implement later down the line which will make being a VIP so much more rewarding.
This is one of the reasons why most online bettors are building their rapport with their favorite casinos. It can be through playing more games and becoming a part of the loyalty or VIP program.
Establishing scalability solutions and performance
The main concern most businesses have over creating a virtual casino is establishing support for a surge of players. If a VR MMO casino is made outside of the Metaverse, then the operators have to worry about their servers not being strong enough to support many players. Meanwhile, blockchains have developed scalability solutions to accommodate several players at the same time.
Ethereum and other similar blockchains for ERC20 and ERC721 assets continuously improve their scalability solutions for handling transactions. This benefit extends to all projects on the network, including Metaverse gambling. Thus, casino operators can simply rely on its support to handle thousands of incoming players every day.
Advantages of playing Metaverse Casino for players
The Metaverse carries over all of the benefits that gamblers enjoy from online gambling using blockchain technology. First is privacy when using one’s own money because you can use its services without a central authority tracking your activities.
There are also plenty of Web3 features that make your experience on the Metaverse that makes it more fun like the following:
Exciting innovations in online gambling
The whole point of venturing to the Metaverse is to seek new avenues for innovations that will revolutionize the online casino gaming experience. Moving to a new frontier allows software providers and casino operators to thrive in a new environment. They can try out new concepts that were once impossible in the constraints of older technologies like Web2.
The 3D virtual gaming floor is only the beginning of the best Metaverse casino ideas soon to be accessible to gamblers. There will be more in unique forms and it will set a new standard for online gambling forever. All that’s left is to wait and watch visionaries brainstorm new concepts.
More immersive social interactions
There is one aspect of brick-and-mortar casinos that online casinos cannot replicate and that’s a thriving social environment. One can only interact with so many people using the public chat room and a text-based conversion is not as engaging as a face-to-face interaction. This is the first problem that the Metaverse casino can solve.
Exploring the Metaverse through an NFT avatar allows gamblers to be in virtual proximity to one another. Thus, emulating verbal conversations with someone else even though their bodies are far apart in reality. Gamblers are, therefore, free to meet strangers on the Metaverse completely safe from real-world hazards and without the hassle of leaving one’s home.
Free roaming casino experience
The ability to explore using an NFT avatar is convenient not only for meeting people but also for exploring a whole new world. You can find a lot of sceneries and attractions in the Metaverse because content creators fill these spaces with art and beauty. If you want to find something new, then just hop into the VR cyberspace and roam as far as the blockchain allows.
You can also find new Metaverse casinos outside of the ones you already know. Some of them are still being built and will announce a grand opening sometime later. However, it is entirely possible to see them in a state of being under construction or yet to open. It’s a magical moment that you can only find in the Metaverse where exploration and interactions are the core features.
Place bets in Metaverse casinos and their games
The best part of the Metaverse casino industry is watching the magic unfold as they add more games over time. Unfortunately, it comes with limitations realising that there are few betting options available to you as one of its pioneers. Variety is a must in one’s experience but that will take time.
For now, here are the types of games you can place a bet on at any trusted Metaverse casino:
Poker is inherently a social game played on tabletop and it is one of the first types of games made available on the Metaverse. The first among them is ICE Poker which is also made available at Chateau Satoshi. Cards are dealt and payouts are settled using the table’s features like prompts, bet dials, and buttons to opt-out.
The main format for ICE Poker in Chateau Satoshi is Texas Hold’em where each player is given two cards in the hole and matches it with five cards on the board. Everyone gets two cards face down. Betting prompts like fold, call, and raise appear above your hand.
It is easy to see that the poker game is automated for the sake of the players’ convenience. This also sets the betting limit for everyone seated and whether it’s their turn or not. Thus, it offers players the full experience of an authentic poker game but assists with AR in the Metaverse.
Live table games like blackjack are between you and the house. That’s why you can sit at a table even if you are the only player. This type of game can be handled differently depending on the casino. For instance, Chateau Satoshi offers Metaverse tables where you have an automated dealer. Bitcasino.io, on the other hand, gives you a table for a live table game from Bombay Club.
Playing blackjack gives you two face-up starting cards and you can hit, fold, double down or split. The options will be available as a floating prompt above your hand and this is how you will interact with the table for the most part. If you are not playing using VR technology, then the prompts are on the screen and you will need the cursor to interact with it.
Just like blackjack, baccarat is a table game that you can play either with an automated dealer or while seated in front of a live stream. Unlike blackjack, you don’t need to manage a hand so some versions of this game won’t require you to take a seat.
Those that would have you place your bets on the table while those that don’t automate transactions via menus. There are only three bets to make in baccarat and the prompts typically float overhead of the table adjacent to their respective side.
For example, the prompt to bet on the banker winning can be found above the banker’s side of the table. The same goes for the player winning the bet while the tie bet is at the center. Some versions will place those prompts closest to your side of the table for convenience.
Slots are considered the most iconic type of game to ever grace the gaming floor. What makes it even more special is where the games are coming from. Your favorite software providers have already worked their best titles into the Web3 landscape. That’s why you can find the best video slots at the Bitcasino.io Metaverse, ready to be played as you remember them.
A few notable titles you should look for are the classics:
- Rich Wilde and the Book of Dead (Play’n GO)
- Gates of Olympus (Pragmatic Play)
- Fire in the Hole (Nolimit City)
Each of these has the highest return-to-player (RTP) rate among the selection of slot games and they are the most commonly available slots in the Metaverse. Playing them provides a similar experience to placing bets on a casino website. Since playing slot games can be exciting provided that different titles have bonus features, it is best to set a betting limit to avoid overspending.
Look forward to the future of online gambling in the Metaverse
Metaverse gambling is the future of entertainment for online bettors. It will take full use of technologies built on blockchains and with full intention to maximize decentralization. Building a casino is only one of many exciting projects possible in the Metaverse. There are bound to be more opportunities to optimize NFT versatility as an asset.
Casino gaming is a great start, at least. It ensures that there’s high liquidity for cryptocurrencies while other blockchain projects are still being worked on. Soon, there will be new digital assets introduced with more purpose besides payment. More industries will follow and they can learn from Metaverse casinos’ success and you will watch them thrive.
Frequently asked questions
There are many more questions about the Metaverse but here are some of the most popular:
Can you build a casino in the Metaverse?
Yes. Licensed operators buy plots of land in the Metaverse and that’s where they aim to set up their 3D VR venues. You can make one for yourself where you can own and manage a Metaverse casino but the only challenge in this regard is expenses. This will involve purchasing NFT properties, minting of building blocks, and programming to make automated dealers.
Why are casino companies investing in the Metaverse?
Gambling was once available only to gambling houses but this became more accessible when it was brought to the internet in the form of online casinos. However, it does not bring the full experience of brick-and-mortar gambling. The Metaverse can mix the best of both worlds through VR technology, making it the logical next step to innovative gambling.
How do I interact with the Metaverse?
The only way to interact with the Metaverse and its content is to pilot an avatar. There are two ways that this can happen. One is with the help of VR technology like the Oculus Rift. The other way is through the computer or mobile device where you pilot your avatar through mouse clicks or key presses. Either way is a good way to play at a Metaverse casino.
Disclaimer: This is a paid post and should not be treated as news/advice.