Technology is advancing at a breakneck pace and continues to reshape our lives every day. Today, we live in or are slowly transitioning to a new digital environment as a result of what is being called the Fourth Industrial Revolution which is generally the culmination of a ‘technological convergence’ of sorts.
In essence, this convergence refers to the merger, integration, and transformation of technologies that were previously unconnected. Prime examples of these are the Internet of Things (IoT), Big Data, Robotics, Artificial Intelligence (AI), Blockchain, and Virtual Reality (VR).
The Metaverse represents the apex of this technological convergence. This term describes a reality that exists outside of the physical cosmos and we can already get a glimpse of how it will impact various aspects of our lives. Online gaming, as expected, has taken the center stage in demonstrating its potential.
Video Games in Metaverse
Most of the original products that showcased the capabilities of the Metaverse were all gaming-related or tied to gaming in one way or the other. Gaming in the Metaverse is certainly ahead of most other sectors, but it still has a long way to go before mass mainstream adoption. The expectation is for a more immersive playing experience.
Virtual reality or augmented reality are currently the most promising technologies in this regard. They will likely be used by businesses to immerse people in a different environment. Although the technology is still being refined, future-focused companies such as Meta (formerly Facebook) have been developing and upgrading these VR and AR devices that will let us experience the Metaverse.
What’s more interesting is what this could mean for the fast-rising field of eSports. Players will likely shift to playing in a virtual reality environment as the Metaverse develops as the new playing field for internet gaming. Keeping that in mind, eSports participants and fans can look forward to enjoying a gaming experience that is like no other.
The Metaverse and the Casino of the Future
Online gambling has been around for over two decades now and if history is anything to go by, it is going to be one of the pioneering businesses in the Metaverse. This is, in fact, a unique opportunity especially considering how the fusion of the digital and physical worlds has been a key challenge for the sector. The closest the sector has come is live dealer casinos that have tried to bridge the gap between the brick-and-mortar casino and virtual gaming.
Online casino sites especially in the US have shown immense interest in using the Metaverse to create more accessible, immersive, and value-driven gaming environments. Sportsbooks, racebooks, and even esports betting sites have not been left behind. These, like most other sites that work based on payments and payouts, will almost certainly be fully interactive. It could also mean a shift in the way we view existing sports betting laws. Case in point, the Metaverse is not…