Crypto Gambling: Trends and Predictions for 2023

Provably fair games are a new type of online casino game that allows players to verify the fairness of the game outcomes. Traditional online casino games use random number generators (RNGs) to determine the results of each game. However, there is no way for players to verify the accuracy of the RNGs. Provably fair games, on the other hand, are built on open-source algorithms and run on smart contract platforms such as Ethereum. These games use cryptographic hashes to ensure that the results of each game are truly random, and cannot be manipulated by the casino. The algorithms and game outcomes are publicly available.

Provably fair games represent a significant evolution in the online casino industry, offering players a higher level of trust, transparency, and fairness. As blockchain technology continues to develop and become more widely adopted, the popularity of provably fair games is likely to continue growing. Some successful examples of provably fair games include:

• Satoshi Dice – One of the first provably fair games created to ensure the randomness of dice throw.
• BitKong – A popular provably fair game based on Minesweeper. It uses blockchain technology to ensure the randomness of the outcome of each round.
• Edgeless – A provably fair casino that uses blockchain technology to ensure fairness and transparency in its games.

Crypto payments are changing the way people conduct transactions by offering faster processing times and lower costs compared to traditional fiat settlement rails. This has encouraged more businesses to embrace stablecoins as an official mode of payment, allowing them to accept crypto and convert it to fiat currency quickly. While there are still issues surrounding the scalability, accessibility, and ease of use of crypto payments, many established businesses have been motivated to re-evaluate their technology platforms and processes to incorporate this.
To make a crypto payment, the sender and receiver both need a cryptocurrency wallet that can store, send, and receive cryptocurrencies. The use of cryptocurrencies for payments is a growing trend, with an increasing number of businesses accepting cryptocurrencies as a form of payment. Examples of successful crypto payment platforms include Coinbase, BitPay, and PayPal, which have integrated cryptocurrencies into their payment systems.

Bonus buy slots are a type of online slot games that allow players to purchase bonus features, such as free spins or bonus rounds directly, rather than waiting for them to be triggered naturally during gameplay. When playing bonus buy slots, players are typically given the option to purchase the bonus feature at a set price, which can vary depending on the game, and the potential rewards. Successful examples of bonus buy slots include games like Big Time Gaming’s “Bonanza” and “White Rabbit,” as well as Nolimit City’s “Deadwood” and “Tombstone.”
Slot tournaments, on the other hand, are a competitive event where players compete against each other for a chance to win a prize pool. Examples include Microgaming’s “Grand Slam of Slots” and NetEnt’s “Fruit Spin Tournament.”
Players are typically given a set amount of time, or a set credit to play a specific slot game. The top players with the highest scores at the end of the tournament win a portion of the prize pool.
The popularity of bonus buy slots, and slot tournaments is growing in the online casino industry, as they offer players a chance to win larger payouts, and add an extra layer of excitement to traditional slot gameplay.

Live player casino offers, also known as live dealer games, is a type of online casino game that allows players to interact with a real-life human dealer through a live video stream. Unlike traditional online casino games, which rely on computer-generated graphics and animations to simulate gameplay, live dealer games use real dealers and physical cards or equipment to determine game outcomes.
The trend of live player casino offers has been growing in popularity in recent years, as more and more players seek an immersive and interactive online casino experience. Examples of successful live dealer games include Evolution Gaming’s Immersive Roulette and Lightning Roulette, which offer players a unique and engaging roulette experience with multiple camera angles, slow-motion replays, and random lightning strikes that can boost payouts. Another popular live dealer game is Playtech’s Age of the Gods Live Roulette, which features a progressive jackpot that can be won on any spin.
Live dealer games have had a significant impact on the online casino industry, providing players with a more authentic and realistic gaming experience. They have also helped to bridge the gap between land-based and online casinos, offering players the best of both worlds. As the technology behind live dealer games continues to improve, it is likely that their popularity will only continue to grow.

AAA games are high-quality, big-budget games that are produced by large game development studios and feature high-end graphics, immersive storytelling, and innovative gameplay mechanics. Their popularity is due to the level of polish and quality they offer, making them appealing to a wider audience. Many of the biggest and most successful game franchises, such as Call of Duty, Grand Theft Auto, and Assassin’s Creed, are considered AAA games. These titles are often released on multiple platforms, including consoles, PC, and mobile devices.
The gaming industry is further evolving by incorporating blockchain and decentralized web technologies, such as NFTs and DAOs to create AAA web3 games. AAA web3 games represent the future of gaming, offering new possibilities for game developers, players, and the industry as a whole. They can create new revenue streams for game developers, and investment opportunities for players. Some examples of AAA web3 games include The Sandbox, Gods Unchained, and CryptoKitties, which have gained significant popularity in the blockchain gaming space.

DAOs, or Decentralized Autonomous Organizations, are organizations that operate through a set of rules encoded as computer programs, which are executed on a blockchain. They are designed to operate autonomously, with no central authority or hierarchy, and with decisions made through a decentralized decision-making process, typically through voting by token holders.
In DAOs, decision-making is decentralized. This is accomplished through the use of blockchain technology, which allows for a transparent and tamper-proof ledger of all transactions and votes. The rules governing the DAO are encoded in smart contracts, which are self-executing and operate according to predefined rules. This eliminates intermediaries, and allows for efficient decision-making. Examples include MakerDAO for DeFi, and Aragon for managing DAOs. In gaming, Axie Infinity uses NFTs and has a built-in DAO for voting on development proposals. Social media platforms like BitClout also have built-in DAOs for voting on platform development.

The use of cryptocurrencies and blockchain technology has revolutionized the online gambling industry by offering provably fair games, faster and more secure payment methods, and immersive gaming experiences. Bonus buy slots and slot tournaments have added an extra layer of excitement to traditional slot gameplay, while live dealer games have provided players with a more authentic and realistic gaming experience. Finally, the integration of AAA games has attracted a new generation of players to the online gambling industry. It is important for players, operators, and investors to stay up-to-date on the latest trends and developments in the industry to take advantage of these new opportunities.