The gambling industry is growing rapidly and is already estimated at billions of dollars. One of the most promising areas is the development and installation of Blockchain entertainment.
The Rosloto studio offers you to learn more about the features of digital content and the advantages of its integration into online casinos.
The solution is a distributed ledger system that consists of interconnected blocks. Inside the links of the chain, information about the actions (operations, transactions) is stored. They can be planned or already committed.
The technology is actively used in the gambling industry. Satoshi Dice, the first crypto entertainment, was presented in 2012 by Japanese developers. The product has attractive gameplay and simple rules. Users place bets and after that, the virtual croupier rolls several six-sided dice.
Over time, the catalogue of entertainment has been replenished by:
The use of Blockchain has generated a new business model in the gambling niche: P2E (Play-to-Earn). In this case, the monetisation of internet traffic takes place due to the sale of in-game tools: access levels, special functions, and other elements.
At the beginning of 2020, several European casinos with crypto content were approved by such international certification centres as eCOGRA and Gaming Laboratories International. This is an important milestone for the industry, which confirms the legitimacy of casino products with digital currency.
Let us consider how Blockchain-based gambling solutions differ from traditional ones:
Casino products work based on distributed ledger technology, that is, 100% of events take place in the Blockchain environment. For the development of the content, game theory (to create mathematical models) and tokenomics (to design rewards) are used.
Ready-made solutions are distinguished by non-standard mechanics and impeccable graphics, a multi-level structure, and built-in advertising tools: contests, tournaments, races of the leaders, and other activities
Support for digital payments
In Blockchain games, all operations are conducted in cryptocurrency. These are account replenishment, placement of bets on spins, acquisition of bonuses, and withdrawal of the earned funds.
In multiplayer crypto entertainment, you can also win digital tokens in tournaments and mini-fights, as well as through the exchange or by selling unique items.
Most often, calculations are carried out in Bitcoins, Ethereums, Litecoins, Thrones, and other cryptocurrencies, which are considered leaders in the field of capitalisation. Nevertheless, developers are gradually introducing new digital assets, such as Dagcoins or Cardans
Provable fairness of the results
The nature of the Blockchain is such that the data written in the cell cannot be forged or deleted. This feature is used in the production of digital content according to the Fair Play principle.
The results of rounds are determined in advance based on the RTP level or game theory and then hashed using cryptography. Encrypted information cannot be changed, which inspires great confidence in gamblers
Key benefits of the integration of such entertainment in online casinos:
The installation of Blockchain content is a great way to attract solvent traffic to the casino website and increase the loyalty of regular customers. The presence of crypto games in the catalogue of entertainment will increase the length of stay in the online establishment and the size of the average check.
Users like digital currency content for the following reasons:
An operator that offers only crypto content does not need to obtain a licence. Due to the nature of Blockchain technology, iGaming projects are not controlled by banks, governments, regulators, and other international and local organisations.
However, given the legality of digital currencies, prestigious gambling commissions are starting to issue permits for crypto casinos. Thus, the first licences have already been obtained in the jurisdiction of Curacao. Such respected laboratories as GLI and eCOGRA have also started granting certificates of conformity for Blockchain content.
The results of the rounds cannot be forged or changed, which ensures 100% honesty of online platforms and attracts the target audience to the gaming site.
Business owners do not need to install additional programs to double-check the outcomes of sessions. All information about winnings and losses is stored in encrypted form. Gamblers can be sure of the honesty of the results at the end of the session but it is not possible to view or change them in advance.
How Blockchain slots work:
Crypto entertainment is a promising direction of investment in the still not oversaturated gambling market.
The installation of digital content will improve the reputation of an iGaming brand and demonstrate its commitment to modern technologies, as well as the desire to follow global trends.
Fans of the placement of big bets choose crypto casinos for the following reasons:
Operators can connect both traditional machines with the function of crypto payments and innovative action puzzles with multi-level bonus systems and different game modes.
Crypto solutions are presented in the catalogues of such international brands as:
Let us consider the most popular solutions that were created using distributed ledger technology:
In Play-to-Earn Blockchain games, there are no traditional bets per spin or the ability to spin the roulette wheel.
Operators earn money on:
An excellent option would be to invest in the development of Blockchain solutions, considering the stable growth in the cost of digital tokens and increased interest among the audience.
Blockchain entertainment is a popular direction in the gambling industry.
At Rosloto, you can order Blockchain solutions from the leading providers.
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