NFTs and their use have had such a profound impact all over the digital marketing space. From art to collectible sports relics and real estate, NFTs are spilling over to practically every industry you can think of. Gambling is one of the newest added to the list, but here’s exactly why.
Casinos have now started to strategically evaluate the marketing ploys of what goes on, currently within the gambling industry. With many gaming companies jumping on the bandwagon of creating their own NFT collectibles, it makes complete sense why gambling needs to join the digital space too. While many sites now operate with blockchain technology and crypto wallets, this does not mean that more traditional routes such as using Paysafecard to play at online casinos are outdated, just like blockchain, Paysafecard is possibly one of the securest ways of paying on the internet.
Currently, gambling projects include the Las Vegas casino partnership with Flamingo club. What the initiative provides to the gambling industry is, that those gamblers who either purchase or win exclusive NFTs, will find 300 incentives for their rarity. Buyers of the NFT initiatives can call themselves investors of the gambling facilities that they purchase from, which in turn does add further excitement beyond the idea of having your own NFT collectible.
The concept of rarity drives a large part of the economy when gambling NFTs are conceded. Rarity keeps the concept of high demand and diversifies further projects within the NFT sector for a gambling site.
What are the benefits of introducing NFT schemes to gambling sectors?
The biggest benefit is of course the increased saturation of users. Gamblers in the industry were once just that, now we have people involving themselves with the gambling scene, like never before. All of them want their ‘in’ to further crypto opportunities alongside rare investments.
Other initiatives from Flamingo, have seen table games that have their own NFT series. Should a player have the unique and rare collectibles, they immediately can play with larger chances of winning, in addition to changing their luck to higher limit games, just because of the NFT collectible they happened to be lucky enough to have.
Furthermore, draws and prizes are more imminent within the gambling experience amongst NFT holders. With the pool of gamblers having unique NFTs, exclusive prize draws will be given to those who are rare NFT holders. What this could mean is that more profit could be there, holidays and other exclusive items that are sought by most people nowadays could be nabbed much more easily, with the smaller pool of competition, as statistics are more in the favor of NFT holders.
NFTs in the gambling industry is revolutionizing the way money can be made from an online casino. Gaming houses usually have their odds stacked high, and while the house edge differs depending on the game played, NFT holders can make a share of returns, just from the profits made by the casino club too. Imagine that. Once, a casino edge made players lose out on a percentage of their winnings, now there is the potential to take back practically all profits, just because you are an NFT holder.
While the NFTs are generally running on the major cryptocurrencies of Bitcoin and Ethereum, more and more windows of opportunities in the NFT sector are opening up. So, if you happen to have rarer and exclusive cryptocurrencies, never fear, they will be coming into action slowly with time. With an increased market cap, more NFT incentives will be developed as time progresses. It is just a waiting game, for NFTs to become more and more prevalent, as the metaverse engulfs the digital world as we know it.
