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Metaverse is an innovative technology announcing the arrival of Web 3.0. Here people enjoy playing games, hanging out with friends, and even shopping. No wonder casinos have also entered this world to entertain their players. Now, let’s discuss what Metaverse gambling is and how it works.

What is a Metaverse Casino?

To understand what a Metaverse casino is, it’s required to provide a brief definition of Metaverse. The term was first used by Mark Zuckerberg, the CEO of Meta Platforms, Inc., to announce that Web 3.0 and the next-generation Internet are already here. Metaverse is a virtual world or cyberspace where players create their avatars and socialize, play various games, buy and sell NFT, etc. While some experts strongly believe that Metaverse is a universe parallel to the real world, others see it as a 3D version of the Internet that doesn’t have a big chance to evolve.

And a Metaverse casino is a casino existing in this virtual world. Most casinos are created on Decentraland, a virtual reality platform where users can create content and monetize it. This platform is created on a blockchain technology that allows them to create NFTs, store them in their crypto wallets or sell them on the marketplace.

Metaverse casinos look and feel like land-based casinos where players can interact with each other and play casino games. But instead of fiat money, players should bet with tokens such as ETH, DAI, and others. To acquire these tokens, they should convert fiat money to tokens.

TOP Metaverse Casinos

EarnBet

EarnBet is a new casino that offers a lot of different online games. You can play casino games like blackjack and baccarat, as well as dice games and a lottery. The casino also lets you use different cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and more.

earnbet

Pros:

  • Earn BET tokens as you play
  • Accepts a wide range of cryptocurrencies, including Bitcoin.
  • Stake BET to reduce the house edge
  • $50 welcome bonus

Cons:

  • Doesn’t offer online roulette

Bloktopia

On the Polygon blockchain, Bloktopia is a 21-story skyscraper. The objective of this metaverse tower while it is under construction is to have 21 stories with 21 distinct experiences. One of the floors will be dedicated entirely to cryptocurrency gaming, including casino gaming, sports betting, and NFT games. Bloktopia is working with real-world organizations to lease digital space in the metaverse. So, while there haven’t been any announcements yet, it appears that some of Las Vegas’ biggest casinos will establish operations on Bloktopia over the next year.

blocktopia

Pros:

  • 21-floor metaverse with dedicated casino level
  • Plans to host slots and table games
  • May have Las Vegas casino brands

Cons:

  • It will not be available until late 2022 at the earliest.

Decentral Games

Decentral Games is the biggest online casino in Decentraland. This is a big virtual world that many people know about. If you want to explore more than just casino games, it’s a great place to be. To play poker on Decentral Games, you must buy an NFT wearable. These costumes are crucial to your metaverse avatar, as well as allowing you access to the casino. Wearing items is possible in the Decentral Games market. All payments must be made via a Metamask wallet, which is connected to the marketplace.

decentral games

Pros:

  • A part of the larger Decentraland metaverse.
  • DG token gives players voting rights
  • Metamask wallets are supported.
  • There are a lot of different types of poker games to choose from.

Cons:

  • To play, you must own wearables.

How to Start Playing at a Metaverse Casino?

Before you start playing at casinos in Metaverse, there are several mandatory steps that you can’t skip.

  • Acquire a VR or AR headset. These devices ensure that you deep dive into the virtual world and enjoy your game. Playing games on Metaverse without a headset is also possible, but the experience won’t be complete.
  • Next, create an account for playing casino games. But players can sometimes skip this step since some casinos don’t require registration.
  • Buy cryptocurrency. As mentioned earlier, Metaverse casinos don’t accept fiat money, meaning you can’t use a credit card or e-wallet. Tokens are the “currency” used in Decentraland, so you need to purchase some. But before you buy any crypto, make sure the casino accepts bets in that currency. You can buy the tokens on the most reliable exchanges, such as Binance and Coinbase.
  • Get a Metamask crypto wallet. Here, you can easily store your cryptocurrencies and tokens since it’s a Google Chrome extension. You can install it on your browser and import tokens from another wallet to Metamask or buy on exchange platforms.
  • Connect your Metamask wallet to the Metaverse casino where you want to play. Usually, all casino games have a Connect button to link the game to the crypto wallet easily. The setup process may take some time for the first time. The system may even require a password for security purposes. But don’t worry. It’s completely safe to connect your crypto wallet to a Metaverse casino.

Create a Virtual Character

The first thing you’ll notice about Metaverse is that everyone has an avatar. Just like everyone on social media has a profile picture to show people who they are, in the Metaverse visually, players have virtual characters for the same purpose. Each avatar has a unique design, features, and characteristics that set it apart from other digital characters in the Metaverse. Some players want their avatars to look like them; others prefer to use fictional characters, warriors, or superheroes.

Besides regular avatars, there are also NFT avatars that differ from the regular ones with their creativity and cartoonish design. And the most important thing about NFT avatars is that no two characters look the same. They should have at least one unique feature. You can even sell your NFT avatar in the marketplace. Some of them cost millions of dollars. For example, Justin Biber bought his NFT for $1.29 million.

How to Choose Metaverse Casino?

Though there are many casinos in virtual reality, not all of them deserve your time and money. It’s recommended to choose casinos based on these criteria:

  • Availability of license proving its legitimate operation
  • Deposit and withdrawal options, availabile cryptocurrencies
  • Security measures
  • Selection of casino games
  • Feedback from other players

Types of Decentralized Casino Games

Since virtual reality seeks to recreate the experiences in the real world, any decentralized casino in Metaverse includes the games played at land-based or online casinos. Luckily, these casinos have a big selection of games. Here are the games players can enjoy at decentralized casinos:

  1. Blackjack is a popular casino game in which players try to get as close to 21 as possible without going over. The player who has the closest hand to 21 wins the pot.
  2. Roulette, which is one of the oldest types of gaming, is the game that cannot be ignored by any casino. It quickly gained international fame after being created in France many years ago. Roulette has now grown to attract players from various crypto casinos and Dapps. Despite its age, roulette hasn’t lost its allure!
  3. Slots are by far the most popular casino game, and their popularity is not unusual considering the many themes accessible. You’ll discover a game that fits your preferences, whether it’s burgers, leprechauns, or something else entirely. All of the best slots are available to play with cryptocurrencies, and they come with bonuses!
  4. Dice: The game of chance known as Craps is one of many variations. Craps is king in the United States, but regular dice games are more popular in Belgium. However, if you fancy either of them, don’t worry: both are readily available in crypto casinos.
  5. Crash is a cryptocurrency-inspired casino game that can be found in all of the top blockchain casinos and DApps. Check out Crash now for a chance at big gains… But watch out, because you may crash!
  6. Poker is the infamous casino game that you can perform well professionally if you have steel nerves. A similar attitude may help you succeed at a blockchain casino. Keeping your cool might get you to the top in any scenario, whether you play with Bitcoin, Ethereum, or another cryptocurrency.
  7. Plinko combines nostalgia with blockchain in a delightful way. Keep your fingers crossed and hope for the best! If Lady Luck is on your side, you could walk away with some nice rewards. Did we mention that Plinko is provably fair as well?

Are Metaverse Casino Safe?

Two main security features make gambling Metaverse casinos safe for players. To begin with, the casinos use strong SSL encryption to protect the data of their customers. Complemented by the firewalls, it’s impossible to break such strong protection and steal customer data.

Additionally, cryptocurrency transactions on Metavsere casinos are entirely anonymous. On the other hand, all the transactions are transparent, and players can check when and how much bet was placed.

All these features make Metaverse casinos a safe place to play. But it’s important to remember that Metaverse is a completely new technology, and users should always be alert.

Using Tokens and Crypto for Metaverse Gaming

Players add funds to their casino balance using a credit card, e-wallet, or bank transfer for playing at online casinos. But these payment methods are completely useless for decentralized casino games. As mentioned earlier, Decentraland is created on blockchain technology, meaning cryptocurrencies and NFTs are the only currencies accepted at Metaverse casinos. But despite a lot of talk about these digital currencies, most people still don’t understand their differences. So, let’s discuss what currencies can be used for betting at Metaverse gambling games.

  • Cryptocurrencies are digital currencies that have value, like US dollars and euros. They can be used to purchase goods and pay for services. Cryptocurrencies have become a popular payment method in online casinos, hotels, and travel agencies. But, unlike fiat currencies, cryptocurrencies are unstable and change quickly, which makes them unreliable and risky investments. Currently, Bitcoin, Ethereum, and Dogecoin are the three favorite digital currencies of crypt traders.
  • Crypto tokens are similar to coins but aren’t completely the same. Usually, tokens are created for investment purposes as the holders can trade them to make a profit. In the Metaverse, tokens are specific for each ecosystem, meaning players can use those tokens to play any game in the ecosystem but can’t transfer to another ecosystem.
  • Like crypto tokens, NFTs are also created on the Ethereum blockchain. Unlike crypto coins and tokens, NFTs are unique and cannot be traded for other NFTs. They are used to create avatars and participate in certain games.

Deposit and Withdrawal

Since crypto tokens, coins, and NFTs are the main currencies used at Metaverse casinos, you need a crypto wallet to deposit funds to your casino account. Some people say that any crypto wallet is fine, but the experts recommend using MetaMask since it’s secure and compatible with the Metaverse. All the deposits and withdrawals between any Metaverse casino and MetaMask wallet are executed instantly. You can gamble with tokens such as Matic and MENA. The withdrawal process is as simple as the deposit. Since your MetaMask wallet is already linked to your casino account, you’ll be able to cash out the winnings within seconds.

Licenses and Regulations

Certainly, Metaverse gambling has opened up a whole new era for casinos. Wearing a VR headset, appear in a parallel virtual world, and play with other players. But players still have concerns about how the field is regulated, whether the casinos have licenses, and whether they will receive their winnings. And these concerns are justified since virtual reality is a completely new technology with an uncertain future.

Still, some Metaverse casinos hold a Curacao Gaming license similar to online and crypto casinos. On the other hand, all the games are coded so that no one can manipulate the results. Considering all the advantages and risks, gambling at casinos in Metaverse is completely safe. But it’s not recommended to gamble with a lot of money to avoid losing big amounts.

Let’s check out what advantages and disadvantages Metaverse casinos have.

Pros Cons
  • The code of decentralized casino games can’t be manipulated or changed.
  • The regulations aren’t clear, which is the number one concern of players.
  • Some casinos hold Curacao Gaming licenses.
  • Crypto coins are volatile, as is the entire blockchain industry.
  • Virtual reality creates an atmosphere of real casinos.
  • No customer support is available if someone needs assistance.

Why you should play at Metaverse Casinos?

Playing at Metaverse casinos has advantages that no online or land-based casino has. Virtual reality gives the players chance to deep dive into the gambling atmosphere as if they are physically present at the casino. Moreover, these platforms have an unmatched security system that guarantees anonymity and transparency.

Summary

Please note that this article can’t be used as financial advice or call for gambling. But if you enjoy playing slots, poker, or blackjack, you can also try playing them at Metaverse casinos. But don’t forget to buy special headsets to plunge into virtual reality to the fullest.

FAQ

Are Casinos in Decentraland Safe?

Casinos in Decentraland are relatively safe. On the one hand, the platform uses strong SSL encryption to protect customer data from hacks. Transactions are transparent, and user anonymity is guaranteed. On the other hand, Metaverse casinos are poorly regulated. Only a few casinos have Curacao licenses, and it is unclear how other casinos operate. Moreover, virtual reality is a completely new technology, the future of which is yet to be discovered.

What’s the Payment Methods Accepted in Metaverse Casino?

Casinos in Metaverse accept only crypto coins, tokens, and NFTs. To deposit funds to your casino account, you should have a MetaMask crypto wallet linked to your account. Here you can store your cryptocurrencies or import them from other wallets. All the transactions from the decentralized casino to MetaMask and vice versa are executed instantly.

Can I Win Real Money in the Metaverse Gambling Sites?

The “real money” term is relative nowadays. Metaverse casinos don’t accept bets in fiat money, nor do they allow withdrawing funds in any fiat currencies. Cryptocurrency is the only “money” accepted on the Metaverse gambling sites. But after withdrawing the funds to your MetaMask wallet, you can exchange them with other cryptocurrency. You can even convert the coins into fiat money by using trustworthy exchange platforms.

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