{"id":31004,"date":"2022-02-25T14:33:49","date_gmt":"2022-02-25T14:33:49","guid":{"rendered":"https:\/\/www.casinosonline.com\/?p=31004"},"modified":"2022-03-01T11:01:45","modified_gmt":"2022-03-01T11:01:45","slug":"metaverse-gambling-guide","status":"publish","type":"post","link":"https:\/\/www.casinosonline.com\/articles\/metaverse-gambling-guide\/","title":{"rendered":"Gambling in the Metaverse"},"content":{"rendered":"

\"metaverse<\/p>\n

When Facebook announced its name change to Meta, the tech world had many questions, but one of them seemed to be the most asked of them all: what is that Meta, and what does it have to do with us? Turns out, Meta is not a figment of Facebook\u2019s imagination, but rather a concept dating back to 1992. So, not a new thing, but Facebook\u2019s introduction brought the Metaverse to a wider audience. The question of today is, what is the Metaverse? And what, for the love of casinos, is Metaverse gambling? Stay tuned, dear readers. We are about to embark on a virtual journey around digital cities, VR landmarks, and tour Metaverse casinos located in Decentraland, the Las Vegas of VR gambling.<\/p>\n

Table of Contents [hide]<\/span><\/p>


\n What is the Metaverse?<\/a>
\n Metaverse History<\/a>
\n The Meta Effect on Gambling<\/a>
\n Important Elements of Metaverse Gambling<\/a>
\n NFTs<\/a>
\n Crypto Payments<\/a>
\n Web3 Casinos<\/a>
\n Our Tour Around Decentraland Casinos<\/a>
\n<\/div><\/div><\/div>\n

What Is the Metaverse?<\/h2>\n

 <\/p>\n

\"What<\/p>\n

The Metaverse is a virtual web of 3D worlds existing in the virtual space, i.e., completely online. The Metaverse is a term often used interchangeably with Web 3.0, the next generation of the internet.\u00a0<\/strong><\/p>\n

In the Metaverse, players build worlds using different technologies. They mix and match them to create a unique experience that is neither VR, MR, nor AR \u2013 but all of them combined.<\/p>\n

Understanding the Metaverse can be both easy and complex, depending on the angle from which you approach the subject. At its core, the Metaverse represents \u2013 like its name suggests \u2013 a virtual universe that\u2019s the digital equivalent of the real cosmos. Much like the cosmos, the digital universe consists of worlds (like planets) in which visitors from the real world traipse around using their avatars.<\/p>\n

Some of the most popular Metaverse worlds include Decentraland<\/a><\/strong>, The Sandbox<\/a><\/strong>, Genesis World, and many others. Of course, Decentraland is the most famous one, with countless visitors who are there to have fun and use many of its perks.<\/p>\n

Short Metaverse History<\/h2>\n

We\u2019ll keep this brief. The history of Metaverse officially begins in 1992, when the name first appeared in the sci-fi novel\u00a0Snow Crash<\/em>\u00a0by Neal Stephenson. Stephenson is the first person to use the term to refer to a 3D virtual space.<\/p>\n

However, it was in 2003 when the world got to meet its first rudimentary version of the Metaverse. Second Life, the project developed by the Liden Lab team headed by Phillip Rosedale, was the first virtual online world. Three years later, Roblox joined the scene to offer players a chance to create content and share it with other users. Another key point is the emergence of Bitcoin<\/a><\/strong> in 2009. The blockchain platform and cryptocurrency influenced the creation of hundreds of other blockchain-based currencies.<\/p>\n

The year 2011 introduced the novel\u00a0Ready Player One\u00a0<\/em>by Ernest Cline, another sci-fi novel that discussed online virtual worlds. However, it took three years to see the Facebook acquisition of Oculus and the first version of Decentraland (but this happened in 2015). If you remember the viral Pok\u00e9mon Go game that took the world by storm in 2016, you might remember it included the collection of AR objects scattered across the globe. This, along with the launch of Fortnite the next year, influenced the appearance of Axie Infinity, the first virtual world game. Axie Infinity runs on the Ethereum<\/a><\/strong> blockchain and has its native cryptocurrency that can be exchanged for other cryptocurrencies or fiat currencies. Finally, Microsoft\u2019s Mesh and Facebook\u2019s Meta rebrand pushed the envelope further and brought the Metaverse under the spotlight.<\/p>\n

The Meta Effect on Gambling<\/h2>\n

Imagine a situation in which you are standing at a virtual table in a virtual world and watching Pepe the Frog spin the roulette wheel. You aren\u2019t there \u2013 but your avatar, who looks just like you always imagined you\u2019d look if you lived in Cyberpunk 2077 \u2013 is, which means you are too. You step away to browse other gambling tables and finally find a blackjack table that sounds interesting \u2013 so you decide to convert some ETH or MANA and bet on a round. The legendary meme Pepe the Frog once again plays the part of a croupier and deals the cards as you chat about the weather in the virtual Metaverse casino.<\/p>\n

How does this sound, too futuristic? It\u2019s actually not. The described situation is very much a (virtual) reality in Metaverse casinos. The Metaverse is here and it\u2019s completely ready to host players looking for top-tier gambling experiences \u2013 you just need to know where to look.<\/p>\n

\n

How is it different from playing casino games at regular online casinos?<\/h3>\n<\/blockquote>\n

Let\u2019s try to explain the difference between online and virtual gambling at Decentraland gambling facilities. We\u2019ll start by giving a rundown of a typical visit to a Metaverse casino.<\/p>\n