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NFT Gambling: Prospects and Advantages of the Niche

Updated 26 august 2022
Online casino

NFT tokens are a special form of cryptocurrency assets that are gaining more and more popularity nowadays. Created in 2017, the technology is already valued at 9.487 billion dollars.

Casino Market specialists will be glad to tell you about the prospects that NFT tokens open for operators of gaming sites.

Statistics on the NFT Niche
The Nonfungible service monitors the state of the independent token market. Key facts from the reports provided by the agency:
10,463,604 — the total number of NFT transactions $906.71 — the average cost of the token 738,909 — total number of unique user wallets 6,222,977 — the number of primarily sold NFT elements 4,240,627 — the number of resold digital assets $69 million — a record price for the sale of a token in 2020 32% — the total share of transactions with NFT in the casino sector
Ways to Use NFT Technologies in the Online Casino Niche
Non-fungible tokens can be utilised to:
confirm copyright on the content organise financial settlements between operator and their clients provide improved visualisation of games promote the gambling brand sell the merchandise develop an exclusive bonus program
The Principles of NFT Machines Operation
Decentralised technologies in slots are responsible for:
formation of a sequence of game combinations encryption and storage of RNG results recording the results of sessions in Blockchain extraction of data to check the integrity of the draw
Benefits of an NFT-Based Casino
The use of NFT provides operators with the following benefits:
a guarantee of provable honesty absolute financial protection confidentiality of customers copyright protection improved content visualisation lack of centralised control
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James Burton James Burton The Casino Market partner, the owner of the gambling establishments’ network

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