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How Web3 will transform iGaming in 2024

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Evgeniy Babitsyn, CMO of Bets.io, shared the below words with us.

 

The iGaming sector will be transformed by Web3 technologies. From blockchain applications to AI, NFTs and cryptocurrencies, iGaming platforms are already exploring how Web3 can not only improve their ways of working, but provide an exceptional standard of user experiences.

However, there is still a knowledge gap within the industry when it comes to understanding just how Web3 can be integrated into existing services. The discussion has been dominated by bold thinking on how Web3 will forever transform society. While this has created an exciting public discourse, it can sometimes overshadow the more practical ways that companies across all sectors can already start using Web3 to their advantage.

There are plenty of other considerations as well. These range from the limitations of certain early-stage technologies through to regulatory compliance and risk management. Hastily embracing Web3 without consideration of these issues can leave an entity exposed to a host of challenges which could undermine their relationship with their clients and services. Conversely, taking a risk averse approach which ignores Web3 will ultimately result in organizations being left behind.

Bets.io has been at the helm of research and development to understand how Web3 is revolutionizing the iGaming sector. Already, new initiatives are underway which will result in the rollout of Web3-enabled services and products throughout 2024, tailored to the needs of our clients.

Through our research, we have identified two key ways that Web3 will transform iGaming in 2024.

Speed, transparency and security

The benefits of Web3 revolve around three core principles of speed, transparency and security. Collectively, these principles are directly relatable to the iGaming sector and are based on the process of decentralization i.e. where the activities of a gaming ecosystem or a gaming platform, like the ownership of gaming assets and decision-making in all aspects of gaming, are delegated away from a central authority. This leads to transparency and security advantages.

For example, smart contracts can be deployed to automate the rules and logic of particular online games, ranging from the rewards and penalties set, to the changing nature of the challenges that players face. These smart contracts act as self-executing agreements that run on a blockchain system, meaning that it is incredibly difficult for games to be manipulated or hacked by an outside party.

The use of peer-to-peer networks works in a similar way, promoting cross-play functionality and an international network of gamers. This also means less of a reliance on a centralized server or platform which could slow-down network work performance or limit certain regions and devices from connecting with other players.

Tailored fun for all

Alongside the technical conversation on Web3, we should not forget the fun and engaging elements involved in iGaming and how this can be enhanced. The iGaming sector is global in nature and scope, bringing together players from a diverse collection of communities and regions. This makes the interests of players diverse. Rather than relying on one award system and one style of game, Web3 technologies allow iGaming platforms to deliver a bespoke experience for each individual player.

To understand how this would work in practice, we can consider the reward systems in place. Linking rewards with tokenization is one example of this, most prominently demonstrated through non-fungible tokens (NFTs) that directly correlate to the interests of a player. NFTs can be integrated into iGaming to create unique, tradable, and collectible items that can be won or traded between players. It creates an added value to the player and another avenue to encourage engagement.

Adaptive and tailored gameplay can also be produced through the combination of AI and blockchain data. The different gaming systems can learn from a player’s behavior and preferences to adjust difficulty levels, storyline progression, and in-game events in real-time. Limits can be set and the individual can play games on a difficulty level which is tailored to their skill-level.

2024 will be a defining year for the iGaming sector, and its progress will be led by the integration and use of Web3 technologies. The success of this will depend on iGaming platforms readily exploring how Web3 can be used, with the player experience guiding all the decisions made. Bets.io is already making strides in this space and we look forward to providing future updates shortly.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Ancient mysteries await in 3 Oaks Gaming’s 3 Egypt Chests: Hold and Win

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Distributor’s newest release exhibits powerful Progress symbols

3 Oaks Gaming, an established distributor of iGaming content, has gone live with 3 Egypt Chests: Hold and Win, an action-packed adventure showcasing a trio of colourful Progress symbols alongside unique Boosters, paving the way to dig for hidden treasures.

Across 10 paylines, the slot’s biggest prizes lay within the fabled 3 Pots mechanic, with the Progress symbols the key to unlocking the riches on offer in this title.

Once the Hold and Win bonus round is activated, a red, blue or green Progress symbol uncovers one of the three modifiers – Multi Feature, Extra Feature and Double Feature.

Filling the Treasure Chest Meter with red Progress symbols begins the Multi Feature, where random multipliers boost the Bonus symbols, turbocharging the way for enhanced wins, while Blue Progress symbols grant access to the Extra Feature, increasing respins and prolonging the gametime.

The Double Bonus game transports users to an additional board, doubling the prize amount including two Grand Jackpots, worth 10,000x a player’s bet.

Additionally, when a Progress symbol appears alongside a Boost symbol, it collects all visible monetary values, bolstering a player’s winning prize pool.

Yuriy Muratov, Chief Commercial Officer at 3 Oaks Gaming, said: “3 Egypt Chests: Hold and Win is a pulsating journey into ancient Egypt where pharaohs roam and guard the ancient treasure.

“The return of our 3 Pots Mechanic will undoubtedly prove popular once again with users as the trio of captivating Boosters elevates the gameplay and the overall player experience.”

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Stakelogic Live Signs Partnership with betFIRST in Belgium

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Popular Betsson Group brand becomes the latest Belgium operator to host Stakelogic Live’s full suite of games

betFIRST, a leading online casino and sport betting brand in Belgium owned by the Betsson Group, has put pen to paper on a deal with in-demand live casino content provider Stakelogic Live.

Stakelogic Live already has a strong presence in the Belgium market, working with several leading operators. It will now add the hugely popular betfirstcasino.be website to its roster of partners, with the site gaining complete access to its live casino content.

As a result of this deal, players at betFIRST will now have a huge selection of exciting live casino games at their fingertips. Stakelogic Live has established itself as a must-have live casino provider, serving up a unique brand of thrilling live casino action broadcast live from state-of-the-art studios in The Netherlands and Malta.

Stakelogic Live’s catalogue of games includes immersive takes on popular classics such as American Blackjack, Speed Baccarat, and Auto Roulette, as well as a plethora of game-show-style titles, all of which can now be enjoyed in betFIRST s live casino lobby.

There is also the opportunity for players at betfirst.be to experience the exciting Super Wheel prize feature. This innovative prize, when triggered, gives players the chance to spin a giant money wheel, with instant-win prizes and a selection of action-packed up for grabs. 

Neil Tanti, Senior Sales Manager at Stakelogic, said:” betFIRST is an operator with a tremendous reputation and is an excellent partner to work alongside as we continue to cement our position as the leading live-casino content provider in the Belgium market.

As a studio, we go to great lengths to ensure our products are head and shoulders above the competition, priding ourselves on the highly engaging and immersive experiences we are able to offer players. Partnering with us enables betFIRST to stand out in what is a very competitive market. “

Julien Roux, CPO at betFIRST, said: At betFIRST, “We pride ourselves on knowing exactly what our customers want and providing them with it. This is why we have chosen to work with a leading provider like Stakelogic Live.

Live casino is an extremely important vertical for us, and by partnering with Stakelogic Live, we can now add one of the best providers in the business to our lobby, ensuring the best possible experience for our fans. “

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Playson goes on an Arabian adventure with 3 Magic Lamps: Hold and Win

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Hold and Win round enhanced by special lamp modifiers in mystical game

Playson, the fast-growing digital entertainment supplier, is uncovering spellbinding prizes with 3 Magic Lamps: Hold and Win, a slot stacked with unique features including a trio of powerful Bonus rounds.

Set within a world of Arabian luxury and grandeur, this title is elevated by the appearance of three distinctive features that are unlocked by the presence of green, red and blue coins within either the main game or Free Spins round.

The green coin awards the Double Feature, with a prize of up to x50, thanks to a selection of multipliers, whilst the Mystery Feature is granted when red coins are visible, rewarding players with a win of up to x150. If a blue version lands, this uncovers the Collect Feature, gathering the values of all the symbols on show and adding them to the total win.

During the Hold and Win feature, the appearance of Major, Mini or Minor coins the corresponding jackpots of x15, x50 or x150. The Grand Jackpot worth x5,000 is awarded should all 15 cells be filled with symbols.

3 Magic Lamps: Hold and Win’s Free Spins mode is triggered when three Scatter icons grant eight turns, with that number doubled if a trio of Scatters reappear during the round. A Wild symbol can double a win if it appears on a specific payline.

This latest release, with highly-detailed graphics, an upbeat soundtrack and alluring characters follows the success of Playson’s two 3 Pots Riches releases, which have proven the studio’s power to take a well-loved mechanic and add exciting new twists.

Tamas Kusztos, CCO at Playson, said:3 Magic Lamps: Hold and Win is a captivating addition to our portfolio, giving players the chance to meet the Genie and hope he propels them to extravagant riches.

“The creative enhancements to the Bonus round truly boost the overall player experience and we believe that this slot will be a huge success for us, offering differentiation to the market.”

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