Future of Online Gambling and Retail Investors Can Get a Piece of the Action

The development of metaverse has started taking over the gambling industry. XR Casino, one of the recent Metaverse startups, has helped online casinos and sports betting sites to reach new customers through SaaS solutions. This means that players will meet each other on the startup’s unique cross-technology platform, regardless of the applied equipment.

So how does XR technology work? Players get access to single and multiplayer games, private game rooms, and public game rooms through XR Casino’s platform. Then, they can start gambling on their favorite games like blackjack, roulette, slot machines, and even sports betting.

XR Casino also plans to use blockchain and AI to resolve the issues of iGaming and sports betting businesses. These include cybersecurity concerns, missing transparency, and player attrition.

After joining StartEngine, XR Casino has received a great investment of more than one million dollars. This allows retail investors to enjoy some equity in the early stage of the company’s development.

XR Casino is determined to license its technology to be able to distribute it to other online casinos and sports betting organizations. Its product is expected to enhance the revenue streams. Through the sale of NFTs, casino chips, and subscription fees, the revenues can be boosted all over the B2C segment.

XR Casino is currently working on its own native coin to enable cryptocurrency staking and proof-of-stake mining. Just check out the working concept of Pokemon Go! This way, the company tries to support the most devoted players.

As a potentially strong startup, XR Casino can enter the metaverse using blockchain technology. In fact, it is about to happen in the nearest future. XR Casino is considering the idea of selling one-of-a-kind NFTs in the format of skin designs. Those can be used for poker tables, blackjack tables, roulette tables, slot machines, jackpot boards, online avatars, and other graphical assets.

The growing potential of online gambling is about to reach 80% over the next several years. So, the revenue of the entire industry may get as high as $150 billion, says investing.com. Every online casino and sports betting industry will most likely have to integrate XR technologies to stay relevant.