What to Expect From Crypto Casinos in 2023
3 minutes
Last Updated: February 3, 2023
With each passing year, crypto casinos and online gambling grow and prosper, with new players joining the fray to see what the fuss is about, and innovations taking the experience to the next level.
2023 is set to be no different in all of these respects, so let’s dig a little deeper and discuss exactly what you can expect over the coming months in the world of blockchain-based betting.
Altcoins Will Become More Widely Supported
While the original crypto gambling sites tended to favor Bitcoin as a method for deposits and withdrawals, as well as for wagering, that’s changing rapidly.
The rise of Doge casinos, for instance, signals that there’s an eagerness among operators to cater to players who are more interested in using altcoins for their online gambling activities.
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This is good news for all involved, because Doge in particular is well known for its comparative efficiency when it comes to transactions, and also its low cost.
It could ultimately lower the barrier of entry to crypt casinos so that even more people take a punt, who might otherwise have overlooked it.
Games from Mainstream Developers Will Explode on Crypto Casino Sites
Some online casino game developers have been reluctant to dabble with adapting their games to work with the blockchain, but the amount of momentum that this market has gathered recently means that they can no longer ignore the demand that exists.
As such, we will likely see all of the major players throwing their lot in with crypto gambling, which is exciting to think about if you’ve been waiting for your favorite game to appear on a crypto casino, but have so far been disappointed.
This also increases the likelihood of the actual quality and depth of the gameplay increasing as well, as more seasoned teams get their hands on this tech.
We’re already seeing slots, different types of poker and other table games being adapted with decent graphics and audio, but the bar should get much higher in 2023, particularly if things like VR and AR are implemented more widely in this scene.
The Metaverse Will Hold Sway Over Unique Crypto Gambling Experiences
There has been much debate around the rise of the metaverse, fueled in part by attempts to put a firm definition on it in the first place.
Suffice it to say that the decentralized, virtual communities and ecosystems that it loosely represents will continue to be impactful in an online gambling context.
Casino sites have long attempted to foster communities for players to inhabit and enjoy, to varying degrees of success.
The decentralized nature of the metaverse is beginning to overcome the limitations of past technologies, and promises to produce all sorts of interactive experiences that are entirely immersive and crucially not controlled by one entity, which is well suited to gambling and all sorts of other activities.
This ties back into the idea of VR being key to what makes crypto casinos intriguing in 2023. Successive generations of hardware have made virtual reality less expensive and cumbersome, and the launch of the second generation of the PlayStation VR headset shows that this is still very much a mainstream concern, not just a niche product.
Legalization and Regulation Is Needed to Legitimize Crypto Gambling
For a long time, crypto casinos and online gambling more generally have gotten by because they exist in a legal gray area in many parts of the world.
This is both good and bad for players; good because it means they can access casino experiences online even if they aren’t available at land-based venues, and bad because a lack of regulation leaves them at risk to underhanded practices from some operators.
The icy stance on web-based gambling is thawing in many parts of the world, and crypto casinos are partly responsible for this.
There’s no point prohibiting something if it’s also impossible for governments to enforce laws against it, so it’s better to bring it in from the cold and control it.
Final Thoughts
It seems all but certain that the crypto casino industry will grow this year, although predicting what shape it will take and how quickly it will expand is difficult. Players just need to buckle up and keep their eyes open, because it’s sure to be a wild ride.
