The concept of the Metaverse was first introduced in fictional books. Present day however, has really progressed rapidly when it comes to adopting the metaphysical realm within reality. Many are questioning to what extent the technology behind it can evolve, and to what lengths, especially where the iGaming industry is concerned. Multiple gambling establishments are trying to adopt the Metaverse technology within their user experience, from the get-go, to ensure they stay relevant and current with the market. Due to how fast everything is progressing, there is a real probability that brands that do not integrate the Metaverse as and when it becomes released, will ultimately get forgotten about.
Smarkets.com is one of the many gambling brands on the internet that are already starting to replicate an experience with the Metaverse, as and when it becomes available. Blockchain initiatives and blockchain technology have allowed it to stay on par with the rest of the industry. They are certainly one to keep up with, due to their tech-forward approach for user experience. Understanding how the gambling industry will change due to the revolution of the Metaverse is important. Below, we have summarised exactly what is predicted to change and how it will improve your user experience overall.
The biggest problems that gaming and gambling platforms face at the moment, is having to sit and stare at screens for long periods of time. Usually from desktops and TV screens, this has caused physiological strain on our backs and eyes. Metaverse technology is expected to provide a more three-dimensional access to gaming, with more virtual immersion, meaning less strain on the physical body. While this concept is still a long way from perfection, developers like Microgaming, already use light virtual technologies like VR to enhance the live casino gaming experience.
While this may be bizarre to think of, the Metaverse actually does increase human interaction and social activity. By tapping into the Metaverse, you will be able to keep close tabs on friends and connections from all over the world. With that, comes the actual observations and mannerism of human interaction over the Metaverse. While things of course will not be physical human interaction, many casino businesses are looking forward to tapping into this technology, due to revenue and on-site player conversions being lost over the pandemic. This technology really does potentially solve social distancing, and of course increases player capacity that would not be available at actual venues.
Cryptocurrency and Blockchain were the first things to be integrated that would allow the Metaverse to anchor into online realms a lot more easily. While at first glance many would probably assume that cryptocurrency presents itself as just a payment method and nothing more, it is so much more than that. Blockchain gives users the ability to tap into online platforms from anywhere in the globe, and with that, you can be completely anonymous. With multiple regional laws that can limit gamblers, cryptocurrency is a ledger that frees itself from centralised banking. So, ultimately you can go unchecked and unchallenged online, and across borders. Payments have never been easier, and combine that with the Metaverse, you can virtually pay and receive what you’re paying for instantly, as no banking clearance is necessary for payments over Blockchain.
Virtual Sports Events
Virtual sports events are what everyone is getting excited about. Just recently, there were virtual events for UFC, and while it was a huge success, many sports genres are yet to expand and venture out into this option. What Metaverse sports events mean for the future is, everyone can attend sports events regardless of the geographical distance. Add into this that virtual Metaverse sports like horse racing, raised for NFTs, are on the horizon too, making the future of sports super promising for the creators participating. Web 3.0 and its interlinking with the Metaverse, is making everything possible for the future.