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Blockchain technology is known for its association with bitcoin and cryptocurrencies. However, it also holds huge potential for triggering the next evolution within the gaming industry. The signs are already here, as casino platforms based on blockchain technology are getting increasingly popular. Letâ€™s see our PPT which briefs you about blockchain technology is emerging as the next big thing in the gaming industry.
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“Blockchain Technology” is Emerging as The Next Big Thing in The Gaming Industry
Blockchain technology may be largely known for its association with bitcoin and crypto currencies, but it also holds enormous potential for triggering the next evolution in iGaming. • Console-based platform to an Internet-based gaming model and now, digital gaming that includes innovations such as Augmented Reality(AR) and Virtual Reality(VR). • The future of the gaming industry looks very lucrative indeed.
Onwards from Cryptocurrency to Gaming • The global cryptocurrency market reached an all-time high of over $700 billion. • This is a clear indicator of the increased interest in digital currencies & their underlying blockchain technology. • It is likely to revolutionize a number of various industry like healthcare, real estate, financial and importantly, gaming.
Gaming & Blockchain Technology are Compatibility Personified • The impact of this evolution is set to be as significant as the emergence of online gaming a decade ago. • Blockchain has the potential to revolutionize the entire gaming ecosystem, ranging from creating instant, transparent & secure payments to connecting developers & gamers from across the globe. • Blockchain technology can impact the gaming industry in the future.
Problem-solving Technology • Block chain's rise to fame in online gaming lies in its capabilities to solve problems with regards to game outcomes, payouts, winnings, and more. • To increase revenues and gain more users, gambling operators are looking to expand their global operations.
Transparency Breeds Credibility • It’s win-win as players can access a platform that offers more simplicity & transparency & online gaming providers become more credible, which, in turn, makes their expansion plans more realistic. • Decentralized gambling platform Luckchemy offers users an opportunity to play the most popular games from key industry players while benefiting from the security and transparency provided by blockchain technology.
Brand Affiliation • Brands work with their platform, Luckchemy will expand its White Label network. • Through this programme, gambling partners work with market partners to promote gambling products by leveraging the strength of their brands and increase profits from a share of the revenue.
Competition is on To Pioneer Blockchain Gaming • It’s win-win as players can access a platform that offers more simplicity & transparency & online gaming providers become more credible, which, in turn, makes their expansion plans more realistic. • Decentralized gambling platform Luckchemy offers users an opportunity to play the most popular games from key industry players while benefiting from the security and transparency provided by blockchain technology.
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