Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
By Sam Norman, Head of Partnerships at Rollbit
Crypto gambling is a fast-evolving form of leisure and entertainment, with regular innovation seeing it continually challenging traditional gaming outlets for user attention. The first quarter of last year saw a 44.6% surge in total crypto bets, and this rapid growth is set to continue, with the industry predicted to double by 2024, reaching $100 billion in global online gambling revenue. While retaining user attention is a constant challenge, 2024 is expected to bring with it further trends and innovations that will elevate player engagement. Here are five to look out for.
1. NFTs and gaming collectibles: A fusion of digital assets
Generally, the NFT market is still subdued and is unlikely, in the short term at least, to capture the excitement of a few years ago. However, experts are predicting that NFTs will have a greater role in the gaming and crypto casino worlds because of their unique ability to enhance digital ownership, provide exclusive in-game assets, and contribute to a more immersive and personalised gaming experience. There is a great appeal in spinning reels and unlocking exclusive NFTs representing rare in-game items which can then be traded, sold or utilised within the crypto casino ecosystem, providing players with a unique and engaging gaming experience.
2. Smart contracts: Effortless transactions redefined
In the digital era, efficiency is paramount, and understanding the imperative of streamlined transactions is critical for crypto casinos looking to elevate user experience. Smart contracts emerge as the solution, automating processes from deposits to withdrawals and even game outcomes. Winnings are transferred securely and instantaneously to players’ wallets, eliminating the need for intermediaries. The integration of smart contracts sets a new standard for seamless and trustworthy transactions for crypto casinos, setting a new standard for user experience in 2024.
3. AI-powered gaming: Personalising the experience
AI is becoming a transformative trend in crypto casinos. AI-powered gaming goes beyond automation, providing a personalised and unique experience for each player. In 2024, you can expect to enter a crypto casino where AI looks at your preferences, offers game recommendations and optimal betting strategies based on your unique gaming history. This level of personalisation transforms the gaming experience, similar to having your own virtual casino concierge, dedicated to your own individual taste.
4. Mobile gaming revolution: Anywhere, anytime entertainment
The mobile gaming revolution takes centre stage as crypto casinos adapt to the convenience of digital devices. From crypto slots to live dealer games, mobile optimisation ensures a smooth and immersive gaming experience on smaller screens. Approximately 85% of all online gamblers use their mobile devices, and this trend is set to surge in 2024. Crypto casinos cater to the on-the-go lifestyle, providing a portable casino accessible anytime, anywhere.
5. Championing responsible gambling practices
Recognising the importance of player wellbeing, the gaming and crypto casino industries are increasingly embracing responsible gambling measures. As the popularity of crypto casinos continues to grow, there is a heightened focus on implementing tools and features to ensure a safer and more controlled gaming environment. At Rollbit, for example, users can set limits on deposits, implement loss thresholds, and provide players with the option to self-exclude. By prioritising responsible gambling practices, crypto casinos aim to foster a more sustainable and enjoyable experience.
Author Bio
As Head of Partnerships at Rollbit, Sam is responsible for forging strategic alliances within the cryptocurrency and gaming sector. With an eye for emerging trends and innovation, Sam has overseen many of Rollbit’s impressive partnerships, including its recent collaboration with SSC Napoli.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.