The term “metaverse” has recently entered common parlance thanks to the recent announcement that Facebook has changed its name to Meta. It was great for the company as it provided millions of free promotions for Facebook / Meta and its growing line of products, with all media in the world covering it.
However, for the general public it was mainly a confusing experience that provided more questions than answers. In fact, research data has revealed that of the 2.62 million searches for the word “metaverse” in October, almost all of them were for people trying to figure out what it really is.
In this void of knowledge, theories and suggestions on what the Metaverse could do for different industries and how it will change the world.
Bloomberg recently reported how fashion companies, crypto enthusiasts and tech startups come together to create virtual fashion items that could be used in the metaverse.
Source: Bloomberg Quicktake
In this report, the definition of metaverse has been extended to refer to just about any digital world, including social media accounts, video games, and other similar platforms. The most immediate use is in the game since avatars and playable characters are already highly customizable on most platforms.
Could the Metaverse be iGaming’s next technological breakthrough?
The iGaming industry has always been at the forefront of technology. In the 1990s, the early pioneers combined new developments like the Internet and digital payment services to create the first online casinos.
In the years that followed, iGaming companies continued to embrace advancements such as HTML5, smartphones, and video streaming to create innovative products and new ways of playing for their customers.
Today that means that there are versions of popular classics like roulette that appeal to almost everyone. Although they all use the same wheel with 37 (or 38) pockets, they offer different functionality. For example, multiplayer allows multiple people to play together while live dealer games include a video feed of a human dealer instead of just digital graphics.
With that in mind, it seems pretty reasonable to assume that the Metaverse could be the next big thing in iGaming.
What would an iGaming metaverse look like?
Although the definition of the metaverse varies, the most commonly accepted one is that it is a “persistent synchronous environment” that we all access through the Internet. Most people assume that this is a 3D world, although some argue that it can contain 2D elements as well.
Early examples of 3D metavers include Second Life, a video game in which players create a digital avatar that they can customize and use to explore an open digital world.
This could easily be applied to iGaming as it could help create an even more immersive digital environment for gamers to enjoy.
Instead of a series of menus for making deposits, choosing a game, and selecting limits, a metaverse online casino could be a virtual reality game room with a cash desk, a video slot game bank. and rows of tables.
Players were able to roam freely around the gaming room, interacting with other customers and casino staff. When they find the game they want to play, they can sit down, put their chips on the table and start betting.
A metaverse online casino could be designed to closely mirror the gaming grounds we see in the integrated resorts we see in cities like Las Vegas and Macau or it could be completely different, perhaps with different theme options like under. -marine, space or wild West.
Players could also be customizable for free. As the NFT fashion developers reported by Bloomberg, players could purchase outfits, accessories, and other customizations for their casino avatar. This would create a more diverse world for those who participate in the game, as they would see a wide range of people, just like in a land-based casino.
It could also be another source of income for the iGaming companies, as they could open digital gift shops in the casino’s metaverse where players could purchase souvenirs, clothing and other items.
It’s probably a long way off though. Technologies such as virtual reality are still maturing and the agreed definition of what the metaverse really is remains to be defined. That said, the iGaming industry’s track record of embracing new ideas shows us that we can expect it to be at the forefront of this new digital world.