Trends Shaping the Future of Online Casinos and Gaming
Here in India, seven out of ten people are self-professed online gamers. The situation is practically the same in countries like Australia and the U.S. Nearly everywhere you look in the developed world, online casinos and games are taking over. And this global takeover is marked by certain trends that are shaping the future of this rapidly growing industry.
Blockchain Transactions
Blockchain technology is paving the way for streamlining faster, more affordable, and more convenient transactions for players of online casinos and other games. In a report by Worldwide Asset eXchange, an estimated 75% of gamers online “want to exchange their virtual assets for a currency that they could use to buy and sell on other platforms.” Cryptocurrency is already allowing players in certain online casinos and games to do this.
By transacting with cryptocurrencies like Bitcoin, Ethereum, Litecoin, and many others, online gamers are able to bypass bank fees, slow turnaround times, and known security issues with digital fiat cash payments. This is making blockchain or cryptocurrency-based transactions more and more common in online casinos, eSports, and other web-based games in which players exchange virtual assets. And as blockchain technology continues to develop more use cases across other rapidly growing industries, it will continue to shape transactions in the online gaming world.
Retro Games
By giving a nod to the past, retro game developers and the web-based casinos which host these games are paving the way for the future. Much of this is thanks to how the Internet has made series, movies, music, and other entertainment media from the past easily accessible to younger audiences today. This has reopened the doors for retro media to re-emerge as current trends. And for online casinos, this means more opportunities for raking in wider audiences.
Featuring retro titles such as Spinal Tap, Beavis and Butt-Head, and Terminator, the large and varied selection of thematic slots on Foxy Games is increasingly catering to old school fandoms. This development isn’t exclusive to online casinos either. In fact, it can also be observed in how Nintendo Switch Online is reviving NES and Super Nintendo titles like Prehistorik Man, Psycho Dream, and Doomsday Warrior. The popularity of retro titles and themes is nothing new. It’s been going on in online gaming for years, and will most likely continue throughout the next decade. This underscores the inherently cyclical nature of gaming and entertainment media – and the fact that even the world of online casinos and gaming fall into this cycle.
Mobile Experiences
You don’t need to be a gaming industry expert to know that mobile devices and platforms are only going to get more popular over the years. According to the State of Online Gaming 2020 report, mobile phones are the top choice of device for most gamers – followed by personal computers, consoles, and tablets. This underscores the value of convenience for online gamers. While this is especially true for online casino players, mobile has increasingly become a priority in other forms of connected gaming as well. Indeed, it was smartphone technology that paved the way for emerging gaming technologies like augmented reality and virtual reality to go mainstream. Today, mobile is a philosophy, and it will continue to be crucial to tech development in the online gaming world.
These are just some of the key trends that will shape this industry. As online games continue to evolve, we can expect to see these technologies and trends evolving right beside them.
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