3 Blockchain Projects Shaping the Future of Casino Industry

Blockchain is the next big opportunity for casino operators to reshape their industries, offering new competitive advantages and greater opportunities. Here are 3 blockchain projects that have changed the game so far:
1) FunFair Technologies – A Blockchain Gaming Platform
2) Smart Reply – The Universal Automation Bot Solution
3) GoChain -Gaming on a Public Chain

The “blockchain gambling projects” are 3 blockchain-based companies that are shaping the future of casino industry.

In recent months, “NFT” (non-fungible tokens) has become a buzzword, but did you realize that these tokens are based on blockchain technology? What exactly is a blockchain? In layman’s words, it’s effectively a decentralized ledger of all digital asset transactions, such as crypto currencies and NFTs. No one entity can manage or change the ledger, which is confirmed by everyone on the network, since it is decentralized. This gives a foolproof means for individuals who don’t know one other on the internet to trust each other and do business. Essentially, you may communicate vital digital data with one another in a secure manner that is unaffected by third parties.

The benefits of blockchain technology and crypto are many and undeniable: transactions are safe, they are generally lightning quick, they provide a high level of privacy and anonymity since no personal data is required, and transactions are incredibly cost-effective. Given these many advantages, it is just a matter of time until blockchain and crypto coins begin to supplant conventional fiat currencies and financial institutions. The online gambling business is one of the fastest expanding industries, with a market value of 265 billion dollars in 2019.

Cryptocurrencies are already being accepted by a number of online gaming companies. As of now, gamers in the North American gaming sector may discover a plethora of high-quality online casinos and sportsbooks that take prominent crypto currencies such as Bitcoin, Ethereum, Litecoin, Tether, and others. However, we are just scratching the surface, and blockchain application in the online gambling business is just getting started. Today, we’ll look at three blockchain initiatives with a lot of promise; these tokens, or later versions of them, might very well define the future of the online gambling business.

$FUN

One of the world’s largest Bitcoin gambling sites, Freebitco.in, just bought the $FUN token. This network is said to have over 40 million members globally, making it the world’s largest bitcoin gambling platform.

$FUN was purchased by Freebitcoin.in in order to utilize it as part of their loyalty program to reward regular gamers. A business named Funfair Technologies invented this token. The firm was taken up by Freebitco.in in 2021 and renamed FUN Token.

BETR, a startup dedicated only to enhancing sports betting via cryptocurrency, was also bought by Freebitco.in. BETR was planning to provide decentralized sports betting, much as $FUN, however it was canceled. To enhance $FUN, Freebitco.in will now use BETR technology. Since the takeover, one of FUN Token’s top focuses has been to move away from the more expensive ERC20 standard. A number of ERC20-based projects, including tokens like $FUN and $BTR, are experiencing gas issues. They suggest developing an ad side-chain sponsored by off-chain components to counteract the high gas expenses associated with Ethereum.

Integrating BETR’s sports betting technology will vastly increase the applications and provide FUN token holders with access to the full spectrum of online gambling options. The team plans to build on social gaming in addition to traditional gambling apps. $FUN also aims to alleviate the sometimes lonely nature of online casino gambling by allowing players to interact with one another through peer-to-peer multi-player games.

Token $ATARI (ATRI)

Atari is most known for being one of the first and biggest video game creators and producers in the world. Since its inception over five decades ago, the corporation has remained a juggernaut in the video game industry. Atari launched their own cryptocurrency, the Atari Token, in 2020, as a foray into blockchain technology (ATRI). The Atari Token was launched as an Ethereum-based ERC-20 token with the goal of being used as a payment method on cryptocurrency gaming sites.

Atari has not stood idly by while the world of blockchain technology has enveloped us. They have successfully entrenched themselves in each of the bedrocks and foundations of blockchain itself, as well as being highly engaged in the metaverse, by creating their own coin, crypto wallet, decentralized exchange (DEX), and DeFi platform. Atari has invested in the two most prominent blockchain-based gaming metaverses today, with its own Atari theme park in the Sandbox and the Atari Casino in Decentraland. Atari has also teamed up with some of the most well-known blockchain businesses to sell Atari-themed clothing, NFTs, and in-game items.

Nearly 20% of the circulating supply of ATRI has transferred to Fantom Network, which is cheaper, quicker, more scalable, while Ethereum upgrades to Ethereum 2.0.

$CHP

CHP is an Ethereum-based coin created by CoinPoker, a crypto poker startup. It may be used as an in-game money on the poker platform, but it can also be utilized as a stand-alone digital currency. Transactions are instantaneous and free of charge since CHP does not need the use of a middleman or banking institutions.

However, the success of this currency seems to be linked to that of the CoinPoker platform. This platform is one of the most popular poker sites for crypto fans, and it provides both blockchain security and smart contract benefits. CoinPoker is also recognized for its generous bonuses.

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Blockchain is a type of distributed ledger technology that can be used for different purposes. The three projects shaping the future of casino industry are Bitcoin, Ethereum, and Ripple. Reference: what is blockchain technology and how does it work.

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