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Metaverse Online Casinos

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Virtual worlds, NFTs and cryptocurrency in the Metaverse.

The term metaverse is on everyone’s lips. But what is the metaverse or metaverse? Facebook has renamed itself Meta, clearly showing the direction in which the company wants to develop. Technology like 3D glasses and headsets already let us experience virtual worlds in an impressive way. Metaverse combines virtualities and the real world, making it more than just a computer game.

Will we be playing in Metaverse online casinos in the future? Is the Metaverse still science fiction or just a new name for the Internet and the answer to the Covid-19 pandemic since we store and work at home? We take apart the term and provide answers, plus we look at Decentral Games, the first online casinos in the metaverse!

What is meant by Metaverse?

The term metaverse itself is a combination of meta and universe, and thus refers to an entire universe beyond our own. So is it science fiction, or just a fancy term for everything that is happening on the Internet or will be possible in the future?

When companies, researchers and big names in the tech industry talk about the metaverse. They are talking about digital platforms that have some or all of these characteristics:

  • Functions that cover existing Internet applications and often combine the real and virtual worlds, such as Google Maps
  • An environment mapped by 3D graphics in real time and with personalized characters for users, called avatars
  • An immersive experience or augmentation of the representation through virtual reality and augmented reality hardware such as headsets or 3D glasses and future inventions in the field
  • The opportunity for social and personal interaction with other users in a setting that is not necessarily competitive or in line with the goals of computer games
  • The ability for users to create and operate their own virtual environments and to create, trade and barter virtual items
  • Connecting existing economic cycles so that real profit is possible with virtual things. As well as trading and payments across platforms

Why is a definition of the Metaverse so difficult?

There is no universally valid definition of the metaverse. If we think of science fiction, there is often a virtual world, good or bad, in which everyone resides. Such as the Matrix in the movie of the same name or The Oasis in the book Ready Player One by Ernest Cline.

However, virtual worlds of the most diverse kind have already existed and exist, and many more are being developed or planned. Metaverse is emerging as the generic term for the sum and plurality of all these worlds. Loosely based on the principle: many connected worlds, one universe. Even Facebook admits that no company can claim the metaverse for itself and speaks of a “multitude of virtual spaces”.

A useful paraphrase is provided by venture capitalist Matthew Ball, who writes about the various aspects of the metaverse in The Metaverse Primer:

The metaverse is a massively scaled and interoperable network of real-time 3D virtual worlds that a virtually unlimited number of users can experience synchronously and persistently. With continuity of data such as identity, timing, permissions, objects, communications, and payments.

Matthew Ball is making an important point: a single world does not constitute a universe. A single version of virtual reality alone does not constitute a metaverse. A metaverse in the sense of “beyond” our universe only emerges when we connect the many virtual spaces that exist and will exist into a network.

Virtual worlds in the past and today

Virtual worlds online are almost as old as the Internet itself and bring together several users to experience. Play or construct something together or against each other. Their simultaneous existence forms a multiverse with many parallel worlds, but only their connection creates a multiverse.

In the past and to this day, however, the opposite of connection and linkage tends to be the case: The individual platforms exist as fenced-in gardens, as it were. With little or no contact with the outside world, and if they do, then always under the control of the developers or operators.

Virtual Reality Examples: Doesn’t the metaverse already exist?

Haven’t we already done that? There is already a network, the Internet. The many existing virtual worlds of all kinds exist online, if they connect users with each other. Why do we have to start from scratch with a metaverse?

We don’t have to, but we can, or rather we are on the threshold. The following components, of which we do not yet possess all of them in a mature form by far, can let a metaverse come into being first:

  • Hardware: On the end-user side, for example, VR headsets, mobile devices, and hardware with haptic feedback; on the industrial side, cameras, sensors, and laser technology for capturing movements, for example.
  • Networks: persistent, real-time, high-bandwidth connections with hardware for distribution and “delivery” to the end user.
  • Computing power: support and rendering of virtual worlds in a metaverse require computations for graphics and physics of the environments, as well as synchronization, artificial intelligence, and data processing.
  • Virtual platforms: Virtual reality itself requires designs and creation and consistent maintenance.
  • Interfaces and standards: In order for one virtual reality to connect to another, interfaces and standards are needed to exchange data.
  • Payments: In a metaverse, it must be possible to exchange real currency and fiat money into digital currencies, and payments must also be able to flow between platforms.
  • Virtual content, services, objects: In a metaverse, things are created that are not tied to any single platform and thus exist independently of any operator or provider. Possessions and properties must be managed.
  • User behavior: How users, individually and collectively, interact with the platforms and the metaverse as a whole will influence and shape the metaverse in the long term.

What is the connection between Metaverse and cryptocurrency?

Cryptocurrencies are another buzzword that comes up in connection with the metaverse. If several virtual worlds merge to form a metaverse and are connected to the real world and economy in various ways. Not only users and information must be able to move across borders, but also payments.

Cryptocurrencies are currently the best approach here, as they enable electronic and comparatively fast transactions. However, a few innovations are still needed here. Wallet addresses are long and unwieldy and payments can be lost due to errors in the entry or choice of protocol. One currency can only be exchanged for another at one exchange.

The entire cryptocurrency world is frayed into many individual networks. Routing across multiple networks requires interfaces and translation or conversion of protocols. Decentralized solutions are working on exchanges, while new cryptocurrencies are trying to create interfaces.

Play online and earn cryptocurrency

Decentral Games is a decentralized autonomous organization (DAO) within Decentraland. The names sound similar, but have nothing to do with each other. Decentral Games offers gambling and casino games within Decentraland, making it the first Metaverse online casino community.

In a DAO, cryptocurrency holders get a say and can vote on the future of the community, such as which games are offered. Those who invest the so-called DG tokens can also receive passive income as a result. Decentral Games itself puts it this way: With DG Tokens, holders are able to be players and bankers at the same time, as they can have a say in how the profits are spent.

However, DG Tokens can also be won while gambling. Currently, the offer consists of slots with five reels, roulette tables for up to eight players and the European roulette variant, blackjack tables for up to four players and poker tables for two to six players.

Players are not limited to one crypto casinos, however. So far, there are six different Decentral Games venues:

  • Tominoya: The Japanese-style casino spans two floors, each with three wings and a conference center on the top floor where live video streams are held.
  • Atari: The Atari Casino has an open floor plan and a building design inspired by the iconic Atari logo.
  • Satoshi Castle: This casino combines Art Deco instpiration, theater, nightclub and stratosphere.
  • DEXT Poker Lounge: There are eight Texas Holdem poker tables here, located in a skyscraper penthouse and accessed via a ground-floor teleporter.
  • Bored Ape Yacht Club: This gaming venue combines zoo and riverboat casino with ape croupiers stylized in the style of an extremely popular NFT collection.
  • Aquarium: The casino is designed with underwater theme and neon lights, water art and virtual fish.

Metaverse Crypto Casino