What will be the next big industry move? - page 18.

molsewid

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Quote from: Smartprofit on February 28, 2022, 02:48:07 AM

Now there are already concepts of the Metaverse, but a full-fledged Metaverse has not yet been created.

Creating a metaverse is difficult ...

This requires very powerful servers. New generation computers. And here the difficulties are associated with the creation of microcircuits. The Covid-19 coronavirus pandemic and geopolitical tensions are slowing down scientific and technological progress.

Also, to create the Metaverse, new generation networks are needed - 5g and 6g networks.

We need high-quality and cheap virtual reality devices. Because without them, you can't get into the Metaverse.

Talented software architects, designers, screenwriters, developers are also required.

Well, I guess it's because the concept of Metaverse was being introduced to us by Mark Zuckerberg the earlier he can before the concept Is ready to show feature. And with that being said it only shows that the hyped of this concept of Metaverse is really that high and that even we haven't know exactly what this concept could give us we are already speculating the best thing it can contribute to the crypto industry especially in gambling industry.

@ghbwoy5

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Quote from: paxmao on December 29, 2021, 08:27:08 AM

Let's dedicate a little time to see the last decade headlines on gambling and business (or rather the business of gambling):

https://medium.com/@visualmodo/online-gambling-history-18caa7ec7758

Some headlines:

- Online sports betting sites come to live in the middle of 90s. These have evolved massively (online poker did not even have graphics at first).

- Regulations on gambling are clarified and old laws reinterpreted

Quote

The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance

- In 2019, Disney generated around 55B. The gambling industry 59B.

Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry?

Chips.gg is leading the way with an exciting trend in crypto gambling where the house shares it's winnings with players. Players receive 50% of daily house earnings and each player earns in proportion to their reward tokens which is based on the volume of their wagers

Smartprofit

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Quote from: jostorres on February 28, 2022, 01:14:31 AM

Quote from: Smartprofit on February 27, 2022, 12:33:38 PM

In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies.

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits.

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities.

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

But, are NFT and cryptos related to each other? and without cryptos, I don't think there will also be NFT or metaverse that will exist so don't say that they are more valuable than crypto but NFTs and metaverse can be more valuable than a fiat money, that is for sure.

I like how you describe NFT there. NFT is like an indispensable tool when you venture into the world of metaverse. Not sure if we already have a gambling site that is based in the metaverse world and uses an NFT because I never heard of any except the metaverse and NFT games but I think that they are now being considered by the gambling operators and gambling developers. I'm so excited about this.

Now there are already concepts of the Metaverse, but a full-fledged Metaverse has not yet been created.

Creating a metaverse is difficult ...

This requires very powerful servers. New generation computers. And here the difficulties are associated with the creation of microcircuits. The Covid-19 coronavirus pandemic and geopolitical tensions are slowing down scientific and technological progress.

Also, to create the Metaverse, new generation networks are needed - 5g and 6g networks.

We need high-quality and cheap virtual reality devices. Because without them, you can't get into the Metaverse.

Talented software architects, designers, screenwriters, developers are also required.

jostorres

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Quote from: Smartprofit on February 27, 2022, 12:33:38 PM

In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies.

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits.

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities.

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

But, are NFT and cryptos related to each other? and without cryptos, I don't think there will also be NFT or metaverse that will exist so don't say that they are more valuable than crypto but NFTs and metaverse can be more valuable than a fiat money, that is for sure.

I like how you describe NFT there. NFT is like an indispensable tool when you venture into the world of metaverse. Not sure if we already have a gambling site that is based in the metaverse world and uses an NFT because I never heard of any except the metaverse and NFT games but I think that they are now being considered by the gambling operators and gambling developers. I'm so excited about this.

Smartprofit

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In the Metaverse, NFTs are a more valuable asset than fiat money or cryptocurrencies.

NFT in the Metaverse is a unique program that gives the inhabitant of the Metaverse significant benefits.

NFTs in the Metaverse can be compared to magical items in fairy tales (for example, a ring of omnipotence, an invisibility hat, King Arthur's sword, etc.) These will be unique game items that will give the inhabitants of the Metaverse more rights and opportunities.

In online casinos located in the Metaverse, gaming bets will be made not with fiat money (and not even with cryptocurrency), but with NFT.

maydna

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Quote from: madnessteat on February 27, 2022, 02:50:54 AM

Quote from: Lordshiva on February 26, 2022, 02:42:26 PM

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

In any case, regulators will find leverage on decentralized gambling sites. A good example is the story of Uniswap when they had to exclude some assets from their "decentralized" trading platform due to questions from regulators.

Yes, that is a great example. We know that regulators can find ways to regulate or require KYC procedures in casinos so that casinos can regulate gamblers to follow KYC procedures from regulators. But it looks like that won't make the regulators do anything for the next generation of casinos because the Web 3.0 casino itself is still not very developed, so maybe the regulators will just leave it at that. Still, they will keep an eye on it from far.

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Quote from: FatFork on February 25, 2022, 03:06:47 PM

Quote from: Lucasgabd on February 25, 2022, 08:20:39 AM

that's true FatFork!

I wonder what innovations we'll see on the next years in the sector.

It's hard to tell. If I knew that, I would probably already be working for a prominent casino's R&D department. Cheesy

Quote from: Lucasgabd on February 25, 2022, 08:20:39 AM

How hard it is to create an online casino? Probably easier than a crypto exchange I'd guess?

That's a good question. I guess there are several challenges. To begin with, one needs to learn how to code. A good casino software solution must involve a complex cryptography and security layer. There are quite a few online casino solutions in the market but not all are well-designed and have all the right features. Additionally, a good gambling casino must also have a good liquidity on the bank's part. That is the only way to ensure that your online casino runs smoothly.

Quote from: Lucasgabd on February 25, 2022, 08:20:39 AM

do you know how many people work on online casinos like roobet and duelbits?

Honestly, I don't know. My guess would be at least one good team of programmers, an enthusiastic marketing team, and a support team. Probably a team of people in the legal department as well.

I wouldnt be suprised if it was a small team like up to 10 people
but maybe it's much bigger, with legal, finances and huge teams... could be

nice to see they growing and staying strong on the marketing here

madnessteat

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Quote from: Lordshiva on February 26, 2022, 02:42:26 PM

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

In any case, regulators will find leverage on decentralized gambling sites. A good example is the story of Uniswap when they had to exclude some assets from their "decentralized" trading platform due to questions from regulators.

STT

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Meta is already here with us, it doesnt have to actually be 3D or virtual world just digital economy items that only exist within the sphere of that game or universe construct that is a real thing now. I was making sports bets using meta items back in 2014 onwards so its certainly a very in demand thing for similar reasons to why crypto is so in demand globally, we have very weak currencies and its not hard even for a virtual worth Meta item to have the value that can involve gambling on game outcomes of sports or casino etc.
It will be a thing, Ive done very similar type activities and it was so popular the game maker feared the gambling business was taking over their game, lots of demand for sure.

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Quote from: Lanatsa on February 26, 2022, 02:51:28 PM

Quote from: Lordshiva on February 26, 2022, 02:42:26 PM

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

We've seen some 3.0 as of this moment but have you ever think off that it could be possibly done earlier but still most casinos do still stick out into those traditional ways?

No one really knows on what the actual reason but for sure they would rather prefer out on sticking than on totally switching to 3.0 but lets see on how they would be taking those things.
We don't know on where the industry would be possibly be going but at least we do have some hints and glimpse on whats the current trend that we do have.

I think it depends on the Strategy applied. Indeed, for some casinos that already have regular customers there don't really take into account whether it's traditional or modern because there are already a lot of regulars there and indeed those visitors are very confident in the casino so they don't really care whether they play traditional or modern for sure. they are satisfied with the service and others.
But on the other hand, actually with this 3.0, casinos have to be smart to make good promos so that they can add visitors and make competitiveness between competitors alive.

StLucifer

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We have seen the latest breakthrough in gambling with the development of the Internet. Meta universes are a huge prospect to make a new breakthrough in the gambling industry. Have no doubt that the gambling industry giants as well as the technology giants will follow the trends that bring us new technologies. The gambling industry has a lot of money that will be used to attract new players and improve the experience of existing players.

Lanatsa

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Quote from: Lordshiva on February 26, 2022, 02:42:26 PM

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

We've seen some 3.0 as of this moment but have you ever think off that it could be possibly done earlier but still most casinos do still stick out into those traditional ways?

No one really knows on what the actual reason but for sure they would rather prefer out on sticking than on totally switching to 3.0 but lets see on how they would be taking those things.
We don't know on where the industry would be possibly be going but at least we do have some hints and glimpse on whats the current trend that we do have.

Lordshiva

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Welcome back 🙏

Actually I don't what will the regulators next approach on the next generation Online Casino since most of them is moving toward Web 3.0 format which is a completely decentralized. I wonder how can they still regulate or required KYC procedure for gamblers that playing on exceeding amount of the required for the KYC.

passwordnow

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Quote from: pieppiep on February 26, 2022, 05:32:39 AM

Quote from: passwordnow on February 25, 2022, 04:41:41 PM

The question is, what is that new technology that they should apply? The most common answer will be VR technology. It's a good and adaptable technology and it can be adopted by most casinos.
But it's true that there will be that won't be ready to adopt it and doesn't see the special thing within it.
And maybe, eventually, there will be more of these casinos that will just ignore it if there's no real demand on it.

VR technology is the closest to the situation in the gambling industry. However, for the equipment, it's probably still very expensive and only people who have a lot of money will be able to afford it. Gamblers who don't want to see technological developments will not be ready to see the latest technology released by casinos but they inevitably have to follow suit. But they also have another option: they can move to a casino that has not implemented VR technology. But don't worry, because VR technology is still not widely developed, we can still play gambling as we are used to.

Not really that a lot of money. It's going to be affordable for most of the demand hits it. When there's really the demand for that headgear for the VR application, it will drop in prices and everyone will be able to avail it just like the smartphones that we have. Due to the demand of it, now, everyone is able to avail it. Regardless of the country that you're living in, you can save for it and buy it if you really want to have it. And being a gambler, doesn't have money to pay for that experience? You have money to gamble but you can't afford that, well, it's subjective and if you're not into it even if you have money, you won't purchase.

izsara

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Quote from: Wexnident on February 25, 2022, 06:53:33 PM

Quote from: passwordnow on February 25, 2022, 04:41:41 PM

The question is, what is that new technology that they should apply? The most common answer will be VR technology. It's a good and adaptable technology and it can be adopted by most casinos.
But it's true that there will be that won't be ready to adopt it and doesn't see the special thing within it.
And maybe, eventually, there will be more of these casinos that will just ignore it if there's no real demand on it.

But it's not worth the money for most users. VR is simply for letting you experience or view stuff from an irl perspective, but that's about it. Games would benefit more about it than gambling really. The process of gambling wouldn't really be changed, but providers would probably need to create something unique and great to actually use the capabilities of VR to their advantage. Probably a new way of enjoying gambling or something. At the moment, only table games such as poker or blackjack really benefit from VR, and it's not by much.

Indeed, from this fact, it is actually only to be a facilitator, but indeed if we say it is for profit and loss, of course for gamblers who don't really do well, it will only make this a double loss.
VR is only a facilitator and gambling, there will still be profits and there will also be losses and most of them will lose Cheesy

and it depends on the ability of each person

Smartprofit

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Quote from: coolcoinz on February 25, 2022, 04:36:55 PM

I feel like Physical casinos are going to slowly disappear. It can take another 50 years or so, but eventually online gambling will take over completely just like online gaming is taking over. Nowadays people prefer to play social games like poker via computer which tells a lot about the direction in which the industry is going.
30 years ago people weren't ordering food online or gambling online. All they were doing was chatting with people and sending emails, Now you do everything online: date, gamble, get food, play games, have video conferences with people, watch streams and movies, work. This is winning because people are lazy and prefer to gamble in their underwear eating pizza than ding it in a crowded casino. Also, covid doesn't make physical casinos more popular.

In my opinion, offline casinos will not disappear completely.

Off-line casinos will become elite casinos. In such casinos, sheikhs, Wall Street businessmen, wealthy adventurers and other wealthy people will play poker and roulette. These casinos will have a strict dress code.

Probably, in order to get the right to play in an elite off-line casino, you will need to pay a solid monetary membership fee annually.

At the same time, online casinos will be available to everyone. Everyone who has a computer or smartphone will be able to play in the online casino.

pieppiep

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Quote from: passwordnow on February 25, 2022, 04:41:41 PM

The question is, what is that new technology that they should apply? The most common answer will be VR technology. It's a good and adaptable technology and it can be adopted by most casinos.
But it's true that there will be that won't be ready to adopt it and doesn't see the special thing within it.
And maybe, eventually, there will be more of these casinos that will just ignore it if there's no real demand on it.

VR technology is the closest to the situation in the gambling industry. However, for the equipment, it's probably still very expensive and only people who have a lot of money will be able to afford it. Gamblers who don't want to see technological developments will not be ready to see the latest technology released by casinos but they inevitably have to follow suit. But they also have another option: they can move to a casino that has not implemented VR technology. But don't worry, because VR technology is still not widely developed, we can still play gambling as we are used to.

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Quote from: coolcoinz on February 25, 2022, 04:36:55 PM

I feel like Physical casinos are going to slowly disappear. It can take another 50 years or so, but eventually online gambling will take over completely just like online gaming is taking over. Nowadays people prefer to play social games like poker via computer which tells a lot about the direction in which the industry is going.
30 years ago people weren't ordering food online or gambling online. All they were doing was chatting with people and sending emails, Now you do everything online: date, gamble, get food, play games, have video conferences with people, watch streams and movies, work. This is winning because people are lazy and prefer to gamble in their underwear eating pizza than ding it in a crowded casino. Also, covid doesn't make physical casinos more popular.

I don't think such a thing will happen, that casino games as we know them will disappear, people will always want to be in spaces that satisfy that social need and among those are the spaces dedicated to casinos.

They are also from the private industry that contribute the most taxes in most cities where they are located, job offers, etc. There is a lot of interest associated not only with regard to the world of betting, even real estate takes its cut.

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Quote from: coolcoinz on February 25, 2022, 04:36:55 PM

This is winning because people are lazy and prefer to gamble in their underwear eating pizza than ding it in a crowded casino. Also, covid doesn't make physical casinos more popular.

Not only they are lazy but also afraid of losing their winnings. There are people whose nature are evil and do everything just to earn including robbery. So and edge of playing online is a factor that they don't come to physical interactions just to play poker and the likes. When I was younger I used to gamble in different places, explore even in the suburb places, even to the slum part of our community where lurking eyes are visible because you've won in the game. That feeling puts me unease and told myself one day I ain't gonna make it alive when I continue this so I stopped going to go gambling in different unknown places. The time flies fast and look how it is now in terms of gambling, you could win without worrying about being hijacked on the way home, it feels safer.

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Quote from: passwordnow on February 25, 2022, 04:41:41 PM

The question is, what is that new technology that they should apply? The most common answer will be VR technology. It's a good and adaptable technology and it can be adopted by most casinos.
But it's true that there will be that won't be ready to adopt it and doesn't see the special thing within it.
And maybe, eventually, there will be more of these casinos that will just ignore it if there's no real demand on it.

But it's not worth the money for most users. VR is simply for letting you experience or view stuff from an irl perspective, but that's about it. Games would benefit more about it than gambling really. The process of gambling wouldn't really be changed, but providers would probably need to create something unique and great to actually use the capabilities of VR to their advantage. Probably a new way of enjoying gambling or something. At the moment, only table games such as poker or blackjack really benefit from VR, and it's not by much.

Topic: What will be the next big industry move? - page 18. (Read 4730 times)