Have you heard of the Metaverse before, or Metaverse casinos? If not, don’t worry – it’s a concept that’s relatively new to the digital space but it’s gaining in popularity, and it could be the newest revolution to hit gambling since online gaming itself.
That’s because the Metaverse is a blend of 3D worlds – a space that combines immersive experiences with virtual and augmented reality. Enter the Metaverse and you’ll be entering a world beyond our own – one that exists on the internet and allows you to interact with others, make purchases, play games, and now even gamble too.
Metaverse casinos are more than simply places to play – they’re environments of their own, and they offer online gambling in a way that transcends the ordinary. So if you’re ready to step out of your universe and into the Metaverse, come join us and find out what it's all about!
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Want to find out more about playing at decentralized casinos in Canada? We’ll be taking a look at exactly what Metaverse casinos are, including casino platforms like Decentral Games and Sand Vegas Club, and we’ll be looking at cryptocurrency transactions too. Read on and let’s explore the Metaverse together.
With ‘meta’ meaning beyond, the Metaverse is quite literally a space that exists beyond our universe – a digital world that allows you to create an avatar and take part in a series of completely interactive and immersive experiences on Web 3.0, the next generation of the internet.
Enter the Metaverse and as part of the virtual world, you’ll be able to send your avatar into an actual casino via a virtual reality headset, allowing you to experience the neon lights and pulsing energy of an actual casino, all from the comfort of your own home. You’ll be able to make purchases in cryptocurrency and play all your old favourites plus a range of completely new games too. It’s the next revolution in online gambling, and it’s alive with possibilities.
As part of Web 3.0, a decentralized internet built on a blockchain network, the Metaverse will allow your avatar to enter the casino world via a virtual reality headset in order to visit the casino and play games. On a broader scale, you’ll be able to do much more in the Metaverse itself, including interact with other people, play games and make purchases – online gambling simply forms part of the entire experience. If you have a virtual headset and cryptocurrency, you’ll have everything you need to enter this new and exciting world, filled with opportunities and jackpots too!
While having a virtual headset is an advantage, it’s not 100% necessary, as there are Metaverse casinos that can be played at without one – a virtual headset simply enhances the experience. You’ll also need to follow a few preliminary steps as well before you can start playing at a Metaverse casino, such as:
Step 1. Because decentralized gambling is only possible via cryptocurrency, you will need to purchase crypto in order to transact at Metaverse casinos. In order to do this, simply visit your app store and create an account at a crypto exchange like Binance, Coinbase or similar. For example, in order to open an account on Binance, simply:
Step 2. Next you’ll need a wallet to connect you directly with the Metaverse casinos. Several wallets on the internet, like Meta Mask (a browser extension), can read into the Web 3.0 API.
Step 3. Finally, you will need to connect your crypto wallet to your Metaverse casino.
Once you have opened a casino account (preferably from our list of preferred providers), log in and click on the ‘Connect Wallet’ option.
Note: You will have to connect your wallet using your password. As such, make sure the casino you sign up with is fully secure, in order to avoid sharing your personal information with a potentially fraudulent casino operator.
The best part about playing at Metaverse casinos is that you’ll have access to all your favourite casino games and decentralized casino games too. These include:
Here you’ll be able to play live dealer games as you would at any online casino, while interacting with the dealer and other players throughout the game.
The Metaverse is all about variety, which is why you’ll have hundreds upon hundreds of virtual slot games to choose from, whether you’re looking for old classics or the latest and hottest titles.
From slot machines to dice games and more, you’ll find all the progressive games you’re looking for, along with huge jackpots too!
Metaverse casinos include all-new games based on blockchain technology too, giving you a novel experience to enjoy. Try games like ICE Poker for the ideal combination of virtual and online.
Note: While there are still relatively few casinos available in the Metaverse, more games providers are starting to partner with Metaverse owners, helping to increase accessibility for players.
If you’ve heard of NFT casinos, you may be wondering if they’re similar to Metaverse casinos. In fact the two casino platforms are completely different – the only commonality between the two is that they do not accept fiat currency.
Some NFT casinos offer NFTs as prizes, some allow players to bet with NFTs, and some allow you to purchase NFTs and become a co-owner of the casino, sharing the profits with the other co-owners. While NFT casinos are also becoming popular, remember that like cryptocurrency, the value of NFTs varies drastically, so make sure you’re comfortable holding NFTs first, before you start to play with them.
As fiat currencies are not accepted in the Metaverse, you will need to make your deposits and withdrawals via an accepted cryptocurrency. The most common cryptocurrencies accepted at Metaverse casino platforms include:
The first and most popular of all the cryptocurrencies, Bitcoin facilitates over 265,000 transactions per day and is accepted at almost all Metaverse casino sites. Available at all crypto exchange platforms, Bitcoin is ideal for online gambling due to its high limits and fast processing times. While its transaction fees might be higher than those of other cryptocurrencies, Bitcoin is still a preferred option due to its widespread popularity, convenience and accessibility.
The second-most popular cryptocurrency after Bitcoin, Ethereum differs from Bitcoin in several ways. Unlike Bitcoin that works on a proof-of-work model which consumes more energy, Ethereum works on a proof-of-stake model, and hopes to eventually remove its mining work, helping to conserve energy. Like Bitcoin, Ethereum’s prices depend on the global supply chain meaning that they fluctuate in real time. Moreover, since NFTs are usually held on the Ethereum blockchain, their popularity has created significant interest in recent years.
As the name suggests, Bitcoin Cash works on the same technology as Bitcoin, i.e. a peer-to-peer electronic cash system. However, unlike Bitcoin, the transaction fees associated with Bitcoin Cash are much lower, and transactions are facilitated in 2 minutes rather than 10, making it a faster, more affordable option.
Just like Bitcoin, Bitcoin Cash also has a scarce supply of just 21 million tokens, and has the same commitment to privacy as other cryptocurrencies like Bitcoin, Ether, and Litecoin. However, unlike Ether, Bitcoin Cash isn’t useful for running apps – rather it’s more suited to transferring or withholding payments. Bear in mind that its value also fluctuates in real time, making you vulnerable to either suffering losses, or accumulating profits.
Like Bitcoin Cash, Litecoin is also based on the same peer-to-peer technology as Bitcoin, however given the large volume of transactions it’s able to support within minutes, it is valued as one of the largest cryptocurrencies by market cap. Moreover, like Bitcoin and Ether, Litecoin is one of the rare cryptocurrencies that allows you to trade directly with fiat currencies such as USD, CAD, and more.
With over 84 million tokens, Litecoin is 4 times as accessible as Bitcoin, and has a transaction speed that makes it ideal for use in Metaverse casinos.
Originally created as a joke, Dogecoin (also referred to as a meme coin) soon gained momentum due to its low value and unlimited supply. With the value of Dogecoin currently at one-third of a dollar at the time of writing, its affordability makes it popular for use in Metaverse casinos, with a reputation for being the most used cryptocurrency for tipping on social media platforms.
Like regular online casinos, Metaverse casinos are regulated in areas outside Canadian jurisdiction, such as El Salvador, Costa Rica and Curaçao. While Metaverse casinos are prohibited by law from operating within Canadian borders, Canadian players are legitimately allowed to play at Metaverse and regular online casinos operating outside the country.
According to casino.org, Metaverse casino platforms have received a significant investment of US$7.5 million, which points to their ongoing development and signifies confidence in their popularity going forward.
Thanks to their private and anonymous nature through the use of avatars, Metaverse casinos offer an escape from the everyday – one that also allows passive income to be made using the dividends model of many Metaverse casino platforms. With these advantages, and the convenience of casino winnings being deposited directly into your crypto wallets, the future of Metaverse casinos looks bright.
