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Sony Publishes Patent for Crypto-Powered Esports Betting

Thanks to the massive success of its PlayStation ecosystem, Sony is arguably the most cherished gaming company on the planet right now. This has not stopped the company from pursuing various areas of growth and, as it turns out, crypto seems to be one of the areas that the company has been looking at. In mid-May, this was confirmed following a report from Market Research Telecast which states that the Japanese video game company had finally published a crypto-related patent that they had filed back in 2019.

The report gave a glimpse of Sony’s plans for the crypto industry. It plans to start accepting bitcoin payments which would allow for live in-game esports betting. The platform would reportedly use both traditional or fiat currency as well as digital currencies but we are naturally more interested in the crypto aspect of the whole thing particularly because it represents yet another massive growth milestone for the sector.

How Would It Work?

Sony already boasts of a massive network as it stands and perhaps their next moves in this regard will revolve around making the new technologies work with their existing products. From what we could gather, the new crypto esports betting feature will simply work as an overlay. This means that the gamblers will still be able to watch the games live and be able to bet in real-time.

When it comes to the betting odds, the company will reportedly rely on artificial intelligence (AI) system that will be utilizing data related to the game’s history and that of the players. To make it even better, Sony seems to be planning to make the amazing new feature available to users of other platforms as well. In the patent, the company mentions porting it other consoles and gaming devices from companies like Nintendo and Microsoft which are the company’s biggest competitors.

Why This Matters

Digital currencies have generally been all the buzz lately and while most of the attention it has been getting could be good, there are still lots of people that are not sold on the idea yet. Sony’s, which owns the most recognizable gaming brands on the planet, entry paves the way for even more adoption.

Gaming has always been one of the most promising use-cases of digital currencies and with the massive rise in esports, there is certainly no better time to begin this journey than now. If everything falls into place, gamers all around the world will soon be able to have an even more refined glimpse of what the video game company has in store for them.

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Atari Crypto Casino Coming in 2021

In March, renowned video game developer Atari announced that it has plans to launch a crypto casino. Known as Atari Casino, the new crypto casino would allow users to enjoy playing the company’s iconic gaming titles such as Pac-Man, Pong, Space Invaders, and Asteroids among others using digital currencies like Bitcoin. While the game developer is yet to provide any information regarding a specific launch date, it is anticipated that the launch could be as early as May or even April depending on various factors.

Still, this is a very exciting move for Atari. Last year in October, the company launched its first digital currency. This was shortly followed by the announcement of its plans to join the Ethereum virtual reality game Sandbox. Needless to say, these were the first indicators of Atari’s growing interest in expanding its presence in the crypto space. It is safe to say, an Atari-owned crypto-based gaming site was inevitable.

Lucrative Collaboration

For this venture, Atari partnered with Decentral Games on the Ethereum blockchain. The two partners have been working on several Atari-themed games as well as Atari non-fungible tokens (NFTs) – players will be able to leverage the latter to earn more digital currency. NFTs have grown very popular over the past several months and it is not surprising to see that big brands such as Atari are trying to capitalize on it.

Atari Casino will be based in “Vegas City” which is a gaming district in Decentraland, the Decentral Game’s metaverse. For anyone who is not familiar with the concept, Decentraland is simply a virtual world where visitors can visit using their avatars.

“By combining our expertise in building crypto casinos with Atari’s decades of experience in developing video games, we are excited for our community to immerse themselves in an innovative and new gaming experience,” Decentral Games’ statement read.

Some of the amazing things that players can look forward to on Atari Casino include games of luck as well as several titles that require both skill and luck. Anyone familiar with Atari’s classic offerings will be very happy with the nostalgia-inducing games that will be available on the platform.

High Hopes

According to the joint statement from Atari and Decentral Games, they expect to see bets of up to $150 million in 2021. This is further expected to rise to a whopping $400 million over two years. These are some pretty ambitious projections but they are pretty confident in being able to pull it off. For now, we will just have to wait and see how it all plays out.

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Cloudbet Unveils New Suite of Games Under Arcade Tab

Renowned crypto-firsts online betting platform Cloudbet has had a pretty busy 2020. The operator has over the past year been able to launch several new and innovative products all of which were heartily welcome by its massive customer base. However, that is not all that the company. To round up the year and give its customers a gift to bring to 2021, Cloudbet has recently unveiled a suite of exciting, provably fair games. All of these titles are now available under the newly-created Arcade tab on the operator’s website.

One of the things that Cloudbet is popular for is the outstanding quality of the games that it offers its customers. The same applies to its new selection of provably fair arcade games which will include some amazing titles like Aviator, Mines, Dice, and Plinko.

Already these games are getting a lot of attention from crypto and arcade game enthusiasts. Most people within the crypto community will probably already be familiar with the particularly because they are all timeless favorites that have received praise from the crypto community since their launch a little over ten years ago. For instance, Aviator is just an updated taken on the classic crypto game Crash – if you loved this game then you will probably really enjoy Aviator.

A Long Time Coming

As it turns out, the launch of the new arcade games is partly in response to customer feedback – apparently lots of people had been looking forward to the return of these arcade games. According to one of Cloudbet’s spokespeople, their customers had been asking for the inclusion of class crypto games that were available elsewhere.

The move is therefore not too surprising especially considering that the company has said time and time again that it is very committed to bringing in content and features that matter to its customers. As a result, the crypto-powered iGaming platform has been able to grow big enough that it is now considered to be the ultimate one-stop-shop for those looking for an amazing experience while playing their favorite crypto games.

More Developments

In addition to bringing several new features such as better sports odds and a state-of-the-art betting platform, Cloudbet has also been extending its reach in the crypto space. In 2020, the company added a record six digital currencies to its portfolio. This brings the total number of currencies currently supported by the platform to a 9 and summed up, this accounts for nearly 80 percent of the total market capitalization of all digital currencies.

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Hamster-Powered Marble Races Come to Ethereum

Crypto gambling continues to grow thanks to several innovative developments that have been causing quite a stir in the gambling industry. We have already seen lots of amazing innovations but, as it turns out, there is so much more to come. The latest development in the sector has come in the form of a new model of gaming.

Referred to as “Mia & the Marbles” the new model of gambling that is now available on Ethereum has been in development for over two years. It is a pretty ambitious project that has the potential to shake up the crypto gambling sector in many ways.

How Does It Work?

Mia & the Marbles (M&M) is powered by Mia, a female Djungarian or “winter white dwarf” hamster, and her trusty hamster wheel. With the help of a group of accomplished developers, Mia and her wheel make some very fun and engaging marble races possible. The result is a very unique and surprisingly robust marble-racing and wagering platform.

Needless to say, this is a rather unusual form of gambling but it is implementation has proven that there is indeed room for such extraordinary ideas. Speaking on the project, the developers behind Mia & the Marbles affirmed that participants can rest assured that they will be treated to all the benefits that come with Ethereum. That is, all the marble races are provably fair, provably live, and easily-verifiable.

“We can guarantee that the races are taking place in real-time and are not pre-recorded. We do this with our provably live video stream that shows the first 8 bits of the current Ethereum blockhash physically on the race track with 8 movable pegs. A high peg stands for a 1, a low peg for a 0.”

Also integrated into the new model of gambling is a compensation service. This has been put in place to sort out any races where accurate results cannot be introduced after two days.

More to Come?

Many ambitious projects are currently being pursued in the crypto gambling space but, as expected, not many of them see the light of day. The M&M project’s success is, however, proof that with the right kind of push, just about anything is possible. Even though the form of gambling the new game introduces stands out quite a bit for being unusual, the strong push for fair gambling was certainly bound to turn some heads.

That said, there are lots of opportunities in the online gambling and crypto sectors which means that M&M is probably just the beginning of even more launches.

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The Rise of Crypto Online Casinos During the Lockdown

The online gambling sector is already a pretty big deal with its value expected to rise to a whopping $125 billion by 2025. Needless to say, these are some pretty huge figures but considering all of the developments that have been going on in the sector, it is hard to dismiss these claims. If there is a time where online gambling showed its might it is during the lockdowns and shutdowns that followed the spread of the COVID-19 pandemic across the globe.

The gambling sector is pretty huge but nearly all sectors saw tremendous plunges in revenues and operation. Online gambling, on the other hand, actually rose quite significantly. An uptick in iGaming traffic was expected but no one would have imagined that would to the extents that we have witnessed.

As always, crypto and blockchain are playing a huge role in this transition. Innovation is an important aspect of the sector’s growth and one of the areas where we have seen some of the most developments is in the utilization of digital currencies and related technologies.

One of the things that have been key to the developments in the sector is the concept of the casino of the future. The pandemic and all of its impacts have fast-tracked a number of things. Now, rather than just thinking about the casino of the future, we are pondering over what gambling and entertainment will look like post-COVID-19.

Decentraland and Post-COVID Gambling

There are tons of ways that crypto has been used in casinos but perhaps the most exciting development as of this writing is the emergence of Decentraland which is essentially a crypto-centric version of Second Life. It is the very first Ethereum-powered space that is a fully user-owned virtual habitat where the currency used is referred to as non-fungible token (NFT).

This very ambitious project stands particularly because it exists in perpetuity. This means that it cannot be shut down and since it is virtual, it cannot be impacted directly by such things as pandemics. In fact, the virtual habitat already has space for all things casinos and entertainment. Crypto Valley, its large virtual business district has a casino and even virtual conference facilities that are working exceptionally well despite the project is just beginning to catch our attention.

Everything is divided into quarters in Decentraland and each serves a purpose. Speaking on the development, the masterminds behind this innovative venture pointed out how “each quarter presents a different context for gaming, from the out and out glitz of the Casino Quarter, to sophisticated gaming rooms with Las Vegas-style stage shows in the Entertainment Quarter.”

Clearly, the casino of the future is going to be a very fun place to go to, and maybe it might arrive sooner than we expected.

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Bitcoin Gambling Comes to Android with Dragon BSV Casino

Digital currencies such as Bitcoin have truly revolutionized payments and even though they are yet to fully surpass traditional forms of payment, they are slowly heading there. No other industry has benefited as much as the gambling industry in as far as the crypto and blockchain revolution is concerned. Gambling operators have been utilizing both digital currencies and the blockchain technology that power them to deliver next-level experiences to their customers for quite some time now. So far, the reception has been very encouraging.

Android users are about to get a taste of this awesome combination thanks to the launch of BitBoss’ Dragon BSV Casino. This app gives mobile gamers a whole new way of enjoying their favorite games while having access to all the perks that are associated with the technology. While no timeline has been specified, the experience will also be coming to iOS in the near future.

In addition to ensuring such things as unmatched security, low transaction costs as well as super-fast transaction processing, the new app also taps into the concept of provably fair gaming. Bitcoin SV (BSV) has been around for a while and is just as popular as other digital currencies. However, what makes it stand out is its emphasis on unlimited scalability, security, stability, and efficiency.

That makes it the perfect option for online gambling operators who are on the lookout for a platform that offers robust authentication protocols as well as better transparency. The fact that it can work with Bitcoin makes it even more desirable since that is the digital currency that very many people will be familiar with.

What Can You Expect from The App?

To begin with, even though Dragon BSV Casino’s primary currency is Bitcoin, the platform also accepts several other digital tokens. In fact, players can have the app display the currency of their choosing by default and it even automatically converts Bitcoin into the preferred currencies.

Needless to say, the gaming experience itself is the most important thing for the users. As it stands, the app already packs Lottery, Baccarat, and Roulette titles. The game collection is set to grow even further with the addition of other popular titles including Sic Bo and Blackjack. To make it even better, third-party game developers will also have the opportunity to add their titles to the BitBoss ecosystem. As such, the users of the app can look forward to a very robust portfolio of games.

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Bitcoin SV and Provably Fair Gambling in the Online Space

It has been over a decade now since the online gambling industry began to tap into the mind-blowing features that crypto has to offer. One of the most notable concepts in that regard has been provably fair gambling that is made possible by the blockchain which is trusted for recording transactions both immutably and transparently.

Bitcoin, which is the mother of all digital currencies, has been an option for gamblers since 2014 but despite its popularity, it is receiving a decent amount of competition from other currencies such as Ethereum, Litecoin, Bitcoin Cash, and Bitcoin SV.

In several places, the Bitcoin SV (BSV) blockchain has been growing in popularity especially because of its growth and the tremendous development it has gone through. As it stands, the Bitcoin SV blockchain is considered to be the very best network when it comes to hosting provably fair games. Unlike other digital currency projects, Bitcoin SV has put aside most of its efforts to push electronic cash and instead opted to focus on allowing unlimited scalability. The ultimate goal has been to do all that while at the same time keeping the BSV blockchain secure, stable, and efficient.

That said, it is not too surprising that many online gambling operators are leaning towards Bitcoin SV. Already, people in some states in the United States and some countries around the world are able to buy the digital currency using either credit cards or bank transfers. This is made possible by BuyBSV.com, a site that is touted as one of the easiest and safest ways to buy Bitcoin SV.

Are There Alternatives?

There are, of course, a lot of things that make Bitcoin SV stand out from all the rest. However, its popularity and adoption are still undermined by the fact that it is undervalued. A decent number of digital currency exchanges do not support the currency and even the ones that do have made it quite hard to trade it.

Thankfully, the world of crypto is largely about freedom of choice. Gamblers and crypto enthusiasts can stick to BSV or try out some other options including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and USD Tether (USDT). USD Tether, for instance, has been gaining quite a bit of attention on the online gambling space due to the fact that it is tied to the US Dollar. This means that it is not nearly as volatile as other digital currencies. Most casinos can consider this as an option for gamers who are looking for an entry point into the world of crypto gambling.

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Crypto Gambling in 2020: What Should We Expect?

Happy new year everyone! 2020 is finally here and all you crypto, gambling and technology enthusiasts are definitely on the lookout for some huge developments. Twelve months is, of course, a very long time and a lot could happen in that period especially considering how dynamic everything about those sectors can be. Still, it will be a very interesting journey.

The Rise of Crypto Gambling

Digital currency-based gambling did not kick off in 2019 but the year did see to a number of neat developments in that space. This was fueled by the increasing numbers of mobile and internet users. Moreover, the world seems to be finally warming up to digital currencies. Awareness about the technology is the highest it has ever been. That is the recipe for the growing number of crypto-based gambling platform providers.

While the gambling industry is known for toying with new and innovative technologies from time to time, they may have just hit the jackpot with crypto. Lots of people have begun to understand that crypto payments are secure and extremely fast which makes them great options for gamers. There are hundreds of digital currencies currently available and each of them offers something unique and different. That is just the start though.

Is It Mature Enough?

Gamblers already have access to a number of new crypto-based casinos and they are quite popular among players from all over the world. Now, this has been an eye-opener of sorts to other online gambling operators and they have begun to integrate digital currencies. In 2020, this trend should be even more prominent. Soon your favorite online casino will have a digital currency option for deposits and withdrawals.  A few have already gotten on board with this trend.

Payments and banking aside, crypto-based technologies including the blockchain and smart contracts have also evolved tremendously. Most of the efforts in this regard were rather experimental or still in the nascent stages of their implementation. That said, a number of industry experts have confirmed that the technologies are mature enough to be rolled out on wider scales. In the past, the laxity was a little justified since gaming companies were not willing to overhaul their systems and replace it with experimental technology. Not anymore. The ones that hold out too long may even lose out in the long run.

The growth rate of crypto-based gambling solutions is very impressive, to say the least. Improvements will, of course, be necessary but that is a universal law of service delivery. We have already come far enough and there is still a long way to go.

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Crypto to Have More Impact on the Future of Online Gambling

Over the past decade, cryptocurrencies have, without a doubt, been one of the most influential technologies on the planet. Even though most people may only be aware of a couple of cryptocurrencies and a few rather mainstream applications, there is much more that underlies the industry. These are mostly in niche sectors but they have been significantly impacted nonetheless.

One of the growing numbers of areas where digital currencies and the blockchain are making a wave is in the gambling sector. This is especially true for the online gambling sector. For this piece, we are interested in breaking down some recent developments involving two digital currencies.

BlockchainTRON (TRX) Revolutionary Technology

On online gambling websites, bitcoin still reigns supreme but it has been receiving massive competition from BlockchainTRON (TRX) which is viewed by many to be a viable alternative. That said, as hard it may seem, there is a chance that the digital currency could potentially match up to or even dethrone bitcoin in the online gambling space.

Right off the bat, the TRX project is mainly aimed at ensuring the provision of a decentralized global digital gambling and entertainment system. In its quest to achieve that, it has managed to outshine bitcoin and some other digital currencies in a number of ways including its ability to provide simple and cost-effective sharing of digital content.

Perhaps the biggest advantage that TRX has is the fact that the platform already boasts of having a number of decentralized apps (dApps) on its network. Most of these ones are online casinos with a plethora of casino games that players can dive into.

As such, the future of online gambling will certainly be tied to crypto and blockchain technologies in one way or the other. TRX will definitely be a part of that thanks to its decentralized TRON blockchain platform.

The Rise of Tether

A year ago, Tether was not a very recognizable name, especially among mainstream users. However, things have changed dramatically with some digital currency payment processors revealing that they were recording up to 30 times the number Tether transactions they were processing last year.

Despite the controversies surrounding its use – there are speculations that it is being used to manipulate the prices of other digital assets – Tether actually has so much to offer. Its main selling point is its stability, that is, it was built on the principle of stability with its price being kept at a 1 to 1 ratio with the US Dollar. This is achieved through the use of reserves. It is this feature that has made it so popular among hundreds of merchants including a number of popular online gambling platforms.

In fact, it is being used in place of many other cryptocurrencies which is definitely proof that it might just be here to stay.

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Casino Web Scripts Releases Three New Crypto-Themed Games

Following the success of Bitcoin Billion, the crypto-themed slot game that it released in 2018, Casino Web Scripts has taken yet another leap by adding three more games to its portfolio. The three new games that the game developer currently has under its belt include a dice game and two tile-guessing games – the latter are very similar to the insanely popular Minesweeper game.

The Dice Game

Casino Web Scripts new dice game is referred to as Crypto Diceometer and it is a provably fair casino game that boasts of a number of mind-blowing features. The game has some pretty simple rules and includes some very smooth and exciting animations which make the gaming experience truly exceptional.

When it comes to gameplay, all that players need to do is guess the correct sum on the dices that pop up on their screens. This sum has to fall within an interval which the player must select before the dice ate thrown. Very simple, isn’t it? For this reason, the game is a great pastime option for just about any kind of player since no gambling skills are required.

The Tile-Guessing Games

The first of the two new tile-guessing games is Rock Paper Scissors Tile-Adventures. In this game, the player is required to select Rock, Paper or Scissors after which they will reveal a tile that they can beat with the selections. Here, the goal is essential to reveal as many winning tiles as possible.

Next, we have the Crypto Persian Prince tile-guessing game. As its name suggests, this unique game comes with an Arabian nights theme that will certainly appeal to any player who looks good-looking titles. The amazing tile-guessing game is all about testing one’s luck – the players are tasked with revealing as many magic lamps as possible without coming across as a thief. If you are lucky enough you might even get to land the game’s huge jackpot.

More to Come

Casino Web Scripts reportedly has plans for even more crypto-themed games especially now that the cryptocurrency market has regained its high value. That said, we can look forward to many new card games as well as a new version of slot tournaments.

This is, of course, going to be made easier due to the fact that Casino Web Scripts has already established itself as a reputable market leader when it comes to the creation of high quality and popular games and software. Its products and services are used by several popular online and mobile gaming companies.