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What Is the Metaverse?
The Metaverse is a blend of VR, AR and the tangible reality as we know it. But, to put it another way, it's a collection of platforms like the Sandbox and Decentraland where individuals may communicate in a variety of ways.
Since Mark Zuckerberg declared that Facebook would change its name to Meta and spend at least $10 billion on developing and marketing the metaverse, interest in it has skyrocketed. Businesses have already begun to establish new endeavours in this digital area as more consumers are already starting to take to it.
The Metaverse is characterized by persistent virtual environments that exist even when you're not connected to the Metaverse. Just like how life goes and things continue to transpire around the world when you sleep, the Metaverse continues to function even when you're not online.
How to Gamble in The Metaverse
If you want to get the most out of the Metaverse, a computer or smartphone may not cut it. While smartphones and PCs can manage multiplayer games like Fortnite, their computational power may be insufficient to sustain whole virtual planets with millions of players connected simultaneously. That's why Oculus VR headsets and augmented reality glasses are how Facebook envisions most Metaverse users will connect. Having said that, if you just want to gamble at some Metaverse casinos, you can get away with just using a laptop or PC for now.
Even younger, more tech-savvy individuals may find that logging on to the Metaverse and exploring various digital worlds is a bit of a learning process. Since it is not just a new technology, but a whole new version of the internet itself that enables the development and deployment of newer technologies, it is understandable that there is a little bit of setup involved. Here are the main steps to get started gambling on the Metaverse.
Create and customize your Metaverse Avatar: Either by taking a selfie or utilizing one of the platform's readymade avatar templates and then customizing it, you may quickly construct your own 3D avatar. You may then design your avatar with a variety of clothing and accessory options. This includes any NFT-based digital assets that you may possess. Once you've got your avatar looking the way you want it, you're all set to start showing off your new self and unravelling the Metaverse universe.
Choose a Metaverse Casino: There are now a number of Metaverse casino projects that are already functioning, and tons more under development. If you wish to play gambling games for actual money on the Metaverse, you'll need to choose the right Metaverse casino as per your preferences and device configuration. It's critical to understand what elements to consider when selecting a Metaverse casino; we'll go over how to do so in a later portion of this article.
Obtain Metaverse Recognized Tokens: Because you can't play with fiat at the Decentralized casino, you'll need to possess some Metaverse friendly tokens. However, before you proceed to one of the listed crypto exchanges, make sure you buy the right tokens by ensuring the Metaverse casino accepts and supports them. So, to get started, you need to acquire the supported/relevant crypto tokens which can be done by using the services of the top crypto exchanges such as Binance or Coinbase.
Get a Metaverse friendly wallet: Now you'll need a wallet that can connect to the Metaverse casino directly. This may also be used as a wallet for storing bitcoin. The Metamask Chrome addon is highly recommended. This is essentially an extension wallet that can be used to store both bitcoins and NFTs.
This is how you go about installing the Metamask extension on chrome:
- Download Metamask from Metamask.io.
- Add the Chrome extension to your Google Chrome browser.
- Select the Meta icon (represented by a Fox logo)
- To make a wallet, follow the steps below.
- Note down the seed phrase you and always keep this info confidential (you can lose money if you share this info with anyone else)
- Now you can go ahead and either purchase tokens or transfer them from any other crypto wallet that you may have
Go Play: That’s all there is to it, you now have tokens with which you can gamble and you have also designed your 3D self in the Metaverse (your avatar). The only thing left to do is walk your avatar into a Metaverse casino, explore the different sections of the casino, meet new people, find slots, table games and other games and join the action.
Metaverse Casino Bonuses
Online casino bonuses are a must for any traditional web casino. Since there are hundreds, if not thousands, of casinos for any given regulated market, the only way they can attract players to their sites is by giving them free stuff. Who doesn’t love free stuff?
There aren’t yet as many Metaverse casinos as there are traditional web casinos, but we still observe the trend to offer players plenty of bonuses on the Metaverse too. Very soon, competition in the Metaverse is going to be stiff and casinos want to secure players and capture the market at the earliest possible chance. Some of the popular types of bonuses one can expect at a standard Metaverse casino are as follows.
Metaverse Casino Free Spins
If you've played at a regular online casino, you've definitely utilized free spins and know how valuable they are, especially when you've newly signed up with a casino. On the Metaverse, the foundations of free spins are the same.
Free spins are essentially free money that may be used to play video slots at Metaverse casinos. Simply because you're playing for fun doesn't mean you can't win real money. Real money profits can be obtained with free spins; however, these earnings are normally subject to wagering requirements. Free spins are frequently included as part of new player welcome bonuses or awarded for making certain deposits or given away for free as a sign-up bonus.
No Deposit Metaverse Casino Bonus
Usually, the reward in this type of bonus is either a few free spins or a small number of casino credits. This is a strategic way for a casino to greet newly signed up players and a great way to motivate players to sign up in the first place. The sign-up bonus also encourages players to accept the casino’s terms and conditions and give out their personal details (as required to enrol as a member). With that, the casino not only has a new player, but also a way to contact the player and send the marketing material in the future.
For the player, a no deposit bonus is a risk-free way to try games and get a taste of a new Metaverse casino without actually having to spend any money, while still enjoying the prospects of being able to win real money.
Deposit Metaverse Casino Bonus
If you are a new player at the casino, you can get a deposit match bonus. It's simple to grasp since you only need to know two things: the percentage by which the casino will equal your bonus and the maximum amount by which they will match it. These are significant because if there was no restriction on the amount of money they would match, there is a risk of a large initial deposit. Regardless of how large your first deposit is, they would have to add the exact amount to your account.
An example of a deposit bonus is as follows: make the first deposit of at least 1 MANA and receive a 100% match bonus up to 3 MANA. In this case, if you were to make a first deposit of 2 MANA, you would receive another 2 MANA as a bonus from the Metaverse casino.
No Wagering Metaverse Casino Bonus
To grasp the concept of a no wagering bonus, you must first comprehend the idea of wagering requirements.
Before any bonus cash can be withdrawn, the wagering requirements stipulate how much money you must spend at the casino. So, if you have claimed a bonus and received a bonus reward of 1 MANA, but the wagering requirement is 10x. It means that in order to transfer the 1 MANA from your casino cashier to your Metamask wallet, you will first need to lay down at least 10 MANA in bets at the casino.
A no wagering bonus, on the other hand, is any bonus where the wagering requirements are 0. In such a bonus, you can withdraw your bonus funds right away, with no further wagering required.
Reload Metaverse Casino Bonus
The above-mentioned bonuses are geared toward new players. However, a reload bonus is for existing members of a casino. A reload bonus is basically the same thing as a deposit bonus, except that it can be claimed by players that are no longer eligible for the welcome bonus (basically, the players that aren't new and have already made prior deposits).
Usually, the reload bonus may not be as lucrative as the welcome bonus, but it can still be worth a good amount of money.
Currencies in The Metaverse
The first and most fundamental necessity for making metaverse purchases and receiving payments on the Metaverse is a crypto wallet. Before creating an account on a virtual platform like the Sandbox or Decentraland, users must have a crypto wallet. Metamask is the most widely used wallet, and it may be linked to any platform you choose.
Because Metaverse platforms are based on blockchain technology, each one requires its own native coin to allow platform transactions. Metaverse tokens are a cryptocurrency that is linked to the Metaverse.
Every Metaverse token can be redeemed for fiat cash at any time by its owner. Here are some of the most commonly utilized cryptocurrencies for making purchases in the metaverse:
MANA: The Decentraland platform's native currency allows users to purchase property, clothes, avatars, and other Metaverse assets. Owners of the MANA token have a vote when improvements to the platform are suggested since Decentraland is a Decentralized Autonomous Organization (DAO). The MANA token is now selling at $2.48 on major cryptocurrency platforms.
SAND: This is the Sandbox platform's native token, and it functions similarly to MANA. Users may purchase and sell assets in return for SAND, which can also be exchanged for fiat cash on major crypto exchanges. At the time of writing, it is trading at $3.16.
AXS: This is the token linked with the Axie Infinity gaming platform. Users may not only buy these tokens on cryptocurrency exchanges, but they can even obtain them by rearing Axies, in-game pets. Each Axie is a one-of-a-kind NFT that can be entered into virtual competitions to compete with others. At the time of writing, the AXS token is worth $50.79
Metaverse Casino Games
Slots
Several thousands of slot games are available at Metaverse casinos, with different reel formats, themes, special symbols, special rounds, and more. All slots feature different reels and symbols, and the slot rewards you when these symbols align up to make a winning combination at the conclusion of a spin. Apart from the visually appealing theming and accompanying soundtracks, slots are popular with gamers because they are intuitive to play.
Progressive Jackpots
Progressive jackpots are commonly found in slot machines, although they can also be found in table games. The main distinction between a standard slot and a progressive jackpot is that in the former, the maximum prize/reward is a set amount, whilst in the latter, it is an accumulative sum. Basically, a portion of every bet made on a certain jackpot game is credited to the total jackpot value, which in most cases drives up the prize amount to gigantic amounts.
The majority of stories you hear about people winning huge amounts of money playing online casino games are about people who won the progressive jackpot.
Live Dealer Games
Because the Metaverse is a virtual space that mimics portions of the real world and actual companies, you may enter a Metaverse casino with your avatar just like you would in a real casino. As a result, table games are frequently staffed by genuine human dealers who are portrayed by avatars. In fact, casinos on the Metaverse are actually hiring real dealers to operate their games in their respective Avatars. Most table games in the metaverse will be live dealer table games due to the intrinsic quality of how the environment functions.
Video Poker
Video poker is a fixed-odds poker game based on a five-card draw that may be played at online casinos or on terminals that look like slot machines in actual casinos. It does, however, vary from slots in one important way. Unlike slots, video poker requires skill, as it requires you to play the hand you've been given in the best possible way according to the poker hand rankings.
Before betting any money on the slots, you usually check the paytable, and the same is applicable for video poker too, where rewards for different hands can vary substantially in different versions of video poker. One of the main reasons players love video poker is because some video poker games can have an RTP% of 100, provided you make the best strategic move at every stage. Since video poker involves skill, players that understand the game well stand to profit consistently.
Others
The types of games mentioned above are some of the most common game categories that you will come across at web casinos, Metaverse casinos and even land-based casinos. However, some of the bigger Metaverse casinos will have tons of other types of games too. This could include Bingo games, Keno, Specialty games, Arcade-style games, and more.
Metaverse Casino Experience
Metaverse casinos in the future could be similar to visiting a casino in the Matrix, life-like but simulated. The kind of Metaverse casino gaming experience you have will be largely determined by the hardware at your disposal. While it may be possible to access and play at Metaverse casinos with a PC or laptop, you will need VR/AR visual apparatus and computing power for a proper Metaverse experience in the near future.
The beginning of a new age of gamification will be marked by the launch of the eternally popular online casino gaming business in a digitally accessible universe. The new standards will encompass more intricate and contemporary games. Metaverse casino gambling is a big step towards the future for many of us, something we've only ever imagined or seen in movies.
The biggest distinction between online and metaverse casino gaming is that in the metaverse, the whole experience is completely immersive.
Security, Licensing, and Regulations
There Is Currently No Comprehensive Understanding of What Type of Legal Frameworks Will Be Used to Regulate Metaverse Casinos. Will Existing Laws Around Online Casino Gaming in Different Jurisdictions Be Applied in The Same Way to Metaverse Casinos Too? or Will They Be Handled by Special Regulators Altogether? how Will the Laws Around Cryptocurrencies Affect Metaverse Casinos in Different Countries and States?
There are a lot of questions concerning Metaverse rules right now, but the answers are still obscure. Many independent groups are advocating for laws of the land to also be applicable to everything that transpires on the Metaverse if and when the user is based in that area in reality.
Staying Safe While Gambling in The Metaverse
While tech giants are working round the clock to make the Metaverse a safe haven for gamers of all ages and backgrounds, there are plenty of risks and even scams on the Metaverse as it is today. By exercising precautions and a few safety-related best practices, you can effectively mitigate the risk of falling prey to common Metaverse gaming scams.
Here are some pointers to help you stay safe when playing on the Metaverse.
- If another player asks you for personal details or any wallet/crypto-related details, do not share them. They can use this info to launch various types of scams and steal your money or identity.
- Make sure you use a strong password. The best way to do it would be to use a password generator set to strong. There are many automated scripts that can crack simple or common passwords.
- Whenever possible, set up two-factor authentication on all your social media accounts. This way, if an imposter tries to access your account, you will receive an approval request on your linked smartphone/email, etc. and they cannot access your account with that approval.
- Metaverse casinos may have chat forums, be careful not to click on any links, scripts or other interactive elements shared on such forums. This could be malware.
- Just like in the real world, be wary of strangers or new friends and never share sensitive details with someone you don’t know or trust.
Pros and Cons of Metaverse Casinos
- Games are decentralized and hence all results are 100% fair and verifiable
- Metaverse casinos offer a lower house edge than traditional web casinos thanks to lower operating costs
- Many Metaverse casinos offer a play to earn feature
- An immersive and life-like casino experience
- All transactions are super-efficient in terms of speed and reliability
- Regulation and legal issues around Metaverse casinos are not yet fully defined at this time For an immersive, 3D experience, players may need to invest in expensive visual devices.
- Players cannot use fiat currencies directly
- They require a degree of familiarity with new technologies
How to Choose a Metaverse Casino
Use our list: There are many Metaverse casinos to choose from and this list is growing rapidly along with the Metaverse itself. Soon, there are going to be thousands of options to choose from. On this page, we have listed ten of the best Metaverse casinos available right now. You can simply start by using this pool of casinos to choose from since 10 is a lot more manageable than several hundreds.
Sign up and test: The notion of free play or demo mode gaming started with traditional online casinos and has now spread to the Metaverse. This is a fantastic choice for gamers who are still determining which Metaverse casino they want to invest their tokens and time at. Sign up bonuses that usually manifest as free cash or free spins are available at several Metaverse casinos, and these incentives may be utilized in the same way to play and test games without spending your own cash.
Games: If you enjoy slots, it's only natural to join a Metaverse casino with a diverse selection of games. When you choose a Metaverse casino with a rich and high-quality gaming library, you will not have to look for another Metaverse casino in a few weeks or months because you are bored of playing the same games over and over again.
Promotions: Bonuses are an integral feature of casino games, and when wisely utilized, players may boost their odds of winning. Before you join an online casino, thoroughly study the terms and conditions of bonuses and other matters so that you do not inadvertently break any rules. Understanding different bonuses can help you optimize your wins and provide you with more chances to play your favorite casino game.
Banking: You won't be able to directly finance your Metaverse gambling activities using traditional payment methods like credit cards or e-wallets, only cryptocurrencies are accepted on the Metaverse for making purchases and each Metaverse casino may have its own list of supported tokens, some could even have their own native tokens. Certain Metaverse coins will be required, and the value of these crypto tokens is volatile. Players should do their homework on the tokens they want to invest in and make sure that the Metaverse casinos they pick support them.
Customer Support for Metaverse Casinos
Customer service at Metaverse casinos may be very different from customer service at typical web casinos. When you visit a standard online casino website, you will often be offered contact choices for contacting customer service. Email, phone, and live chat are the most common communication options.
Casinos in the Metaverse, on the other hand, may have professional support personnel stationed in the virtual casino facility to assist you with any worries or issues. A Metaverse casino, for example, may have support agents strolling around on all levels, and your avatar may just walk up to one of them for assistance.
Metaverse Casino Login
Think about how you would walk into a casino in real life, you don’t have to log in per se. You may be required to prove your identification and age as per legal requirements, but you don’t have to actually log in unless you are some privileged member with a special card, etc.
In the Metaverse too, casinos would operate similarly. Since you’re already logged in to the Metaverse, the casino can simply request to identify you and you can approve the request. There is no need to have a special username and password for a Metaverse casino which is separate from your login credentials for the Metaverse itself.
Final Word
It is still very early days in the Metaverse universe. At this time the possibilities are boundless and playing at a Metaverse casino in the future could be akin to something like what we’ve seen in the matrix.
Right now, with the right hardware, you can already get an unparalleled gaming experience at Metaverse casinos. On the downside, there are still some kinds with regards to legal challenges that need to be ironed out. Finding the right Metaverse casino for your needs is key to having a good, and most importantly, safe gaming experience.
FAQs About the Best Metaverse Casinos
Which currencies are accepted at Metaverse casinos?
You'll almost always be able to employ decentralized crypto coins at Metaverse casinos. The precise tokens that you may use will be determined by the casino's support for them and the tokens you have in your wallet. MANA (Decentraland), SAND (The Sandbox), AXS (Axie Infinity), and ETH (Ethereum) are some of the most popular tokens in use on the Metaverse right now.
Can I win real money in Metaverse casinos?
Yes, when you win games at Metaverse casinos, you will be rewarded with crypto tokens (the same token you used to place your wager). These tokens can then be exchanged for fiat currencies like the US Dollar or you can simply continue holding onto the token and using it as currency on the Metaverse itself.
Are Metaverse casinos legal?
The legality of Metaverse wagering is determined by your jurisdiction. It might be allowed in some nations, unlawful in others, or just completely unregulated. At this time, you could use this rule of thumb to determine whether Metaverse gambling is legal where you live - if your jurisdiction and the laws in effect therein allow for crypto trading, then crypto-based gaming on the Metaverse should likely not be an issue as long as you are of legal gaming age.
Are Metaverse casinos safe?
The Metaverse is constantly evolving and right now, it is evolving very rapidly. Many massive tech companies that are invested in the Metaverse are working constantly on making the Metaverse a safer place. Nevertheless, there are various scams and other risks that one should avoid in order to be safe on the Metaverse. In this article, we have covered a few basic safety-related best practices that you can adhere to in order to mitigate the risks of being a scam victim on the Metaverse.
How do I withdraw money from Metaverse casinos?
When you win money on a Metaverse casino, it is directly added to your crypto wallet as long as the wallet is directly plugged into the Metaverse (such as Metamask). There is no need to request a withdrawal as such. From your Metamask wallet, you could further transfer the tokens to another wallet or trade the tokens for fiat currencies and then transfer the fiat currencies to a conventional bank account if you so wish.
Editor & Product Owner
Robert Kruger is an experienced writer for Online Gambling SA. Born and raised in Port Shepstone, Ryan studied sport science and psychology where he developed a passion for writing and sports. His extensive knowledge of online casinos and his ability to write engaging and informative content have made him a valuable member of the team. His favorite online casino is Punt Casino, which he considers to be one of the best in South Africa.
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