Best Cryptocurrencies for Metaverse Gambling
The crypto gambling trend has been taking the world by storm and without a doubt, metaverse gambling is the next evolution. Although the concept is still extremely fresh, here’s a compiled list of the best metaverse gambling cryptocurrencies that will allow you to experience the futuristic way of betting.
Ethereum is an amazing metaverse gambling cryptocurrency that can be easily utilized across different worlds. This is because many of the metaverse projects are actually ERC-20 tokens powered by the Ethereum platform. This means that most of the Ethereum metaverses will accept Ether as a gambling currency.
But even if ETH isn’t directly accepted, conversion to a different coin will be extremely easy since they share the same network. You can consider Ethereum as the easy beginner choice for anyone new to Metaverse gambling.
Decentraland is a complete 3D metaverse, which features multiple full-fledged cryptocurrency casinos in collaboration with Decentral Games (DG). It is by far the most popular place for metaverse gambling and supports a number of currencies. Here is a list of the supported tokens and their purpose.
MANA is an ERC-20 token and Decentraland’s native currency that is essentially used for everything within the Decentraland universe. In addition to gambling, it can also be used for buying and selling virtual land plots, goods, user services, etc. This is the best option for players who are looking for a complete metaverse experience as opposed to just gambling.
Instead of just simply cashing out your winnings, you can use your MANA tokens to enjoy the 3D virtual world to the fullest. Take part in concerts, challenge your friends to minigames, attend virtual concerts, or even purchase your dream home that has the potential to increase in value over time.
Dai is another ERC-20 token based on the Ethereum platform which is however unspecific to Decentraland. The token is a popular stablecoin that has its value pegged to the value of a US dollar. The Dai stablecoin is not backed by US dollars in a bank account, unlike most stablecoins. It is instead backed by collateral on the MakerDAO platform.
In this case, this option is a great multipurpose choice much like Ethereum. Dai tokens are utilized for all kinds of purposes outside of this virtual space. They are moreover a perfect choice for players looking to dip their toes in metaverse gambling or crypto gambling in general since the currency is stable.
Decentral Games (DG)
As mentioned before, the casinos in Decentraland are possible thanks to Decentral Games, which is a decentralized autonomous organization (DAO). As with the other tokens mentioned above, this currency can be used as a gambling token within the metaverse’s casinos.
However, the DG token is also the governance token that controls the Decentral Games treasury. This currency allows holders to vote on community proposals. These include the building of various structures such as casinos, games, NFT art galleries, and many more on any of the 400 virtual LAND parcels of the DG DAO.
The DG metaverse crypto coins are the perfect option for frequent visitors of Decentraland, who are specifically invested in the gaming sector of the game. The token possesses voting power as well as allows you to have some fun whenever you demand it.
ICE (Decentral Games ICE Poker)
ICE are special tokens utilized in the exclusive poker rooms of ICE casinos inside Decentraland. These tokens are only usable for the ICE poker games which are slightly different from your regular Texas Hold’em games. This is because the card game follows the play-to-earn (P2E) model!
The game lets you participate in a variety of challenges, which reward you with more ICE. Also, there’s a progressive leaderboard that can also earn you more crypto. The main drawback however is that in order to receive ICE tokens you’ll need to own or rent at least one special ICE wearable NFT.
Depending on how many of these NFTs you own, you’ll receive a respective amount of chips daily. Additionally, If you manage to get your hands on one of these NFTs, besides receiving ICE tokens, you’ll be able to delegate your wearables to other players, which will allow you to rake in a percentage of their gaming profits.
Sand Vegas Casino Club (SVCC)
The Sand Vegas Casino Club is an upcoming casino project in The Sandbox metaverse. This is a virtual world where players can create, own, and monetize their gaming experiences. The platform is arguably the 2nd most popular 3D metaverse after Decentraland.
The Sand Vegas Casino Club aims to be one of the gambling leaders in the metaverse space. Featuring various weekly gambling tournaments and dedicated VIP areas for maximum immersive experience.
SAND (The Sandbox)
Since the virtual casino is being developed inside The Sandbox, it is safe to assume that the native SAND metaverse coins will be available as gambling currency. This token can be purchased through various exchanges and is used for transactions and interactions within The Sandbox metaverse.
Much like MANA, the token of Decentraland, the SAND token is a great choice for gamers looking for a completely immersive experience within The Sandbox virtual worlds. Dubbed the crypto Minecraft, you can use SAND to create your character, games, or even entire planets!
Blocktopia is a cyberpunk-styled universe built on the Polygon blockchain. The game features a 21-storied skyscraper that seems to be inspired by the Sword Art Online metaverse and the aim of Bloktopia is to be the shopping mall of your dreams! In place of retail stores, the game will provide you with your dream locations and different themes throughout each floor as well as an exclusive gaming area on the very top floor that will include casino games as well.
Bloktopia has its own currency called BLOK, which will be used within the metaverse and undoubtedly for gaming. The token is traded on a number of renowned exchanges such as OKX, Bitget, KuCoin, Gate.io, and Hoo.
CUBE (Somnium Space)
Somnium Space is often called the most realistic virtual blockchain game on the market. This is because the game was designed from the ground up with the sole purpose of capturing immersive virtual reality. It accomplishes this through the use of tools such as the Teslasuit, a full-body motion tracksuit that allows you to feel a sensation throughout your whole body. For this reason, it has the biggest potential when it comes to embodying the soul of a real physical casino.
Through the use of NFTs, players, namely landowners, have the ability to create their own gaming experiences and sell them to others for CUBEs (the game’s native currency). While the platform does not yet offer fully developed metaverse casinos, since its economy is driven by gaming, the development of gambling hubs is surely soon underway. With the use of their metaverse platforms, Somnium Space is not only a way to bet tokens in the metaverse, but also an opportunity to run your very own gambling empire.
Choosing the Right Metaverse Coin
Despite all of the metaverse tokens mentioned being without a doubt extremely promising virtual reality platform projects, the fact remains that no metaverse is yet in its final state. So, it’s important to keep in mind that metaverse gambling is still a concept that’s a work in progress.
However, that being said, so far the most complete metaverse gambling experience can be most likely found within Decentraland. So, make sure you choose any of their supported currencies, based on your personal preference of course, and hit up the tables in the Vegas City district.