Crypto gambling is on the rise - what to know in 2023?

Crypto Gaming is becoming more popular

Crypto gaming is among the areas that have experienced massive expansion during the past couple of years. Experts estimate that the value of the gaming sector might reach $350 billion by 2027, and all of this is thanks to cryptocurrency. At present, 48.6% of cryptocurrency owners intend to use their digital assets for online gambling or gaming at some point.

Blockchain in online gambling

The key driving factor behind the growth of the crypto gaming niche is the blockchain. The decentralized ledger brings many unparalleled advantages that are key to providing a high-quality player experience.

Even safer than the traditional online casinos

Greater safety and security rank among the most important benefits of the blockchain. The blockchain is hard, if not impossible, to hack, and so are cryptocurrencies. This means that your information is in safe hands. Instant processing and transactions are other great advantages of crypto games. Depositing is possible with minimal fuss, whereas withdrawals are instant.

Anonymity is another advantage

Anonymity is also what attracts players to crypto games. Some people prefer to stay low-key about their gaming habits, and the blockchain keeps your identity secret. Other perks of playing crypto games include easy access on the go and greater added value in terms of bonuses and promotions.

Bitcoin casinos are offering higher crypto bonuses

Online gamblers have benefited a lot from the introduction of crypto and the blockchain. They have been able to enjoy advantages such as top security, anonymity, immediate withdrawals, fair games, and many more.

Among other things, crypto casinos also offer bigger bonuses. When playing with digital assets, it is not unusual to get matches up to 4 or 5 BTC plus many free spins. There are both excellent crypto welcome bonuses as well as exciting regular player deals. Most of the quality Bitcoin casinos also have attractive multi-layered loyalty programs with tons of additional rewards.

New generation of bitcoin casino games

With the rise of blockchain technology, many new types of games have appeared. The most advanced gaming providers harness the power of the decentralized ledger to offer products with increased safety, intriguing plot twists, and exciting features.

The best thing about crypto games is that they have introduced the provably fair concept. Provably fair technology allows you to check if your result has been manipulated after you are done playing. This allows for greater transparency and security.

Aviator Crash game

Created by Spribe, the Aviator Crash game is a thrilling product that reminds me of old-time console games. The idea is to bet on an increasing multiplier and cash out before the aircraft flies away. Aviator has become very popular at crypto casinos because it is simple, fun, and provably fair. The game is also light, so it runs smoothly on different devices. There are live bets, an in-game chat, and live statistics.

Esports

Esports has been around since the early days of video gaming. The field has evolved a lot. The rise of the blockchain has further boosted its progress. Nowadays, Esports utilize cryptocurrency in many ways. For instance, using digital assets for sponsorships has become very common.

Also, event organizers often rely on crypto to avoid the inconveniences of unstable local currencies. On top of that, crypto has made Esports accessible to players, supporters, and punters worldwide. It allows you to make fast payments with minimal fees and in complete privacy. In other words, you can enjoy your favorite Esports without having to worry about anything.

Dice

Crypto dice is another game that has prospered thanks to the invention of the blockchain. The main reasons are that the game is extremely simple, fast-paced, and provably fair. Other than that, crypto dice variations follow pretty much the same gameplay.

Crypto gambling is here to grow

With that said, there is no doubt that the blockchain gaming industry will continue to expand. In 2021, it grew by 2,000 % with $4 billion raised in investments. To compare, Q1 of 2022 brought 2.5 billion in investment. The accelerated rate at which money is pouring into the industry showcases an upward trend.

What is more, 2022’s Q1 witnessed a market capitalization of blockchain-based games at $25 billion. Experts point out that – in the present turbulent times – the two most important cryptocurrency areas are blockchain games and NFTs. It is interesting to note that the two have synergized to create innovative, unrivaled products, much to players’ delight.

Author Bio

Daniel is a journalist and blogger focusing on the crypto niche. He got into crypto in 2017 by trading and investing. He began writing about blockchain in 2019. He has managed numerous crypto-related projects and is passionate about all things crypto.