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Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
Be the first to get exclusive No Deposit bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.
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Expertise: Journalism & PR, SEO Writing, Content Writing, International Gambling Markets
Hey, I'm Stelly! I oversee the whole content at CasinoWow, from breaking gambling news to in-depth guides and game coverage. My job is to make sure everything we publish is accurate, useful, and genuinely worth reading for every type of player.
In recent years there have been a lot of developments within the online gambling industry. Some of the biggest game changers include the adoption of cryptocurrency and NFTs.
The latter has been a reason for a lot of confusion, concern, speculation, but also hope. In this guide, we do a deep dive into NFTs and online gameplay. Taking a closer look at what NFTs are, how they are connected to online casinos and the best sites featuring NFTs.
If you're new to crypto gambling or the use of NFTs, then you're in the right place. Keep reading to find out more.
What are NFTs?
NFTs (non-fungible tokens) are cryptographic assets based on blockchain technology. Unlike other cryptographic assets, however, they cannot be exchanged or traded equally.
How NFTs and the online gambling industry collide
They cannot be replaced or interchanged, thanks to the unique properties they hold. Whereas cryptocurrency and fiat currency are fungible, making them tradeable and exchangeable.
NFTs are cryptographically unique, and the tokens are linked to digital and physical content, which creates proof of ownership. They are used in artworks, digital collectables, items in video games, music, and more.
Collectible vs utility NFTs
Do you know what the difference is between collectible and utility NFTs? It all comes down to the added benefits of the one:
Traditional NFTs
Utility NFTs
Used for art or digital collectables
Can be applied practically within a set platform or application
You own them and keep them in store.
They come with added benefits, which increase their value over time.
Look good for show and tell.
Can get you real access to a game or virtual world.
Let's say you have an NFT representing a rare basketball card. With a utility NFT, you can get access to exclusive events or even meet-and-greets with the player on the card. That's why it's more desirable and even increases in value.
So, in short, you get NFT projects that are art-focused and are quite popular. But creators are starting to add rewards and real experiences to the digital collectables, making them utility NFTs and increasing their value. In the end, they become more than collectable.
Popular NFT projects
There are a couple of interesting NFT projects that you need to look out for. Learn more about them below:
NBA Top Shot
This is a digital trading cards world with video NFTs of all the best game highlights and game-winning shots. The cards are referred to as NBA moments and there is a limited supply of every card.
You can buy and sell these cards in the marketplace.
You can also buy randomised packs.
If you choose to buy a couple, you could potentially get thousands in cash out.
These cards can be extremely valuable. In April 2021, one LeBron James dunk card was exchanged for a cool $390,000. Top Shot feels similar to sports betting and has become quite popular since the pandemic, especially in the USA.
Sorare
Sorare has become quite popular in Europe. It's a football player NFT based on the Ethereum blockchain. With Sorare, you can participate in fantasy tournaments with a team made out of the cards you own.
There are no randomised packs to buy, but you can purchase predefined bundles or single cards.
CryptoPunks
This profile picture (PFP) series started in 2017, developed by Larva Labs. Basically, CryptoPunks is a series of 10,000 24x24 pixel art images. They depict 'punks' with randomised attributes, including headgear, eyewear and gender. They were released for free at first, but their popularity led to monetisation.
Did you know that the rarest CryptoPunks can be sold for millions of dollars? They got so popular that even VISA decided to get involved and added CryptoPunk #7610 to their collection of historic commerce artefacts (one they've been building over 60 years).
Axie Infinity
Axie Infinity is an NFT video game that quickly became the most traded NFT collection in 2021. Trading volumes were over $2.5 billion. The game has a Pokémon-style design where you can collect monsters known as Axies.
You then get them to compete in battles and even breed new Axies. The play-to-earn mechanic has captured the attention of many countries, including the Philippines.
Rari
Rari is the first governance token to enter the NFT space. It is used to reward creators and collectors. You can only earn it by actively participating on the Rarible platform.
How to use NFTs in online gambling
There are many options to choose from: you can use them as game tokens and make deposits or win them as rewards, to name a few. Even more, they come with a lot of benefits:
They are decentralised and independent.
Unlike traditional payment methods, there are no limitations on access.
The ownership information is stored on blockchains, ensuring higher levels of transparency.
They are also present in provably fair games, enabling you to verify the results of previous rounds. They cannot be influenced or manipulated by anyone.
Can be used to access casinos, the metaverse, or even VIP and loyalty programs, where you can enjoy jackpots, tournaments, and special bonuses.
Casinos also use them as a security tool that can block access for minors or assist with self-exclusion.
All in all, NFT casinos open the iGaming industry up to a wider audience. They appeal to younger (but legal) players as they offer the chance to collect digital assets and play your favourite games.
How are NFTs different from crypto betting?
In short, crypto betting is a real and tangible thing, while NFTs are still more conceptual. It's true that they share many similarities, but they are still different.
The obvious similarity is that you can use both to place bets at applicable sites. You can enjoy a more traditional gameplay using crypto to fund your way to crypto or hybrid platforms.
Still, the range of NFT-friendly sites is growing, despite it being more conceptual. The ability to exchange NFTs or receive them as rewards is not as straightforward, as the values can differ a lot more than cryptocurrencies.
How to get NFTs?
You need a digital wallet and reputable NFT providers to buy from. It's understandable to want to venture into buying NFTs, now that you understand what they are and what advantages they have. Here's the process of acquiring them broken down below:
First, you need a digital wallet which allows you to store cryptocurrencies and NFTs.
Now you can buy cryptocurrency accepted by your NFT provider.
From there, you can move your purchases from the exchange to your wallet.
Take note: Many exchanges charge a small percentage fee on crypto purchase transactions.
NFT marketplaces
As soon as you've got your wallet ready, the only thing left to do is to buy NFTs. Here is a quick list of the top NFT marketplaces:
Foundation – Here, artists are required to receive or send an invitation to fellow creators before they can post their art. It's an exclusive community which allows for higher-quality artwork.
Rarible – This marketplace allows artists and creators to issue and sell NFTs. As a holder, you get to weigh in on important features such as community reels and possible fees.
OpenSea – You can browse different NFT collections and even discover new artists. The site is known for its wide range of rare collectables and digital items.
NFTs can also be used for gaming, web3 identification, art and collectables, event ticketing, supply chains, music, food, drinks, decentralised finance loans, virtual real estate and fashion.
Where to play with NFTs
There is a growing range of casinos that allow NFT gambling and the use of crypto transactions, including BC.Game, Rollbit, and Wagmi. Browse our list of recommendations to know you're starting at a safe and secure space:
Rollbit Casino
One of the top recommendations is Rollbit Casino. The site has various NFT features, which you can take advantage of, like the exclusive VIP program with NFTs and Rollbot Drops (with which you can win some of the 10,000 unique Rollbots).
Members have discounted offers and access to the RLB lottery, where you can earn tickets for weekly draws.
There is already a public sale of the NFT program. The best part is that you don't even have to spend real money to get involved. The site hides over 900 of the NFTs in loot boxes, which go out to new and existing customers.
BC.Game
BC.Game Casino has its own exclusive NFTs available to win. There are also NFT giveaways you can take part in.
They are committed to growing NFT betting and support exchanges, reloads, and cashouts. As a result, the company has bagged numerous awards for its offering. The site has a dedicated NFT section with exclusive access to features like giveaways.
Metaspins Casino
Metaspins is a crypto casino that plans to include Web3 functionalities. This will allow you to play all your favourite casino games using the NFTs you own. They also plan to add their own MetaSpins NFTs, loot boxes and crypto staking.
In conclusion
NFT gambling may seem like a far too complicated or conceptual thing to some, but that doesn't stop players and casinos from using it. If you're wondering where to start, it might be useful to learn more about how the marketplaces work and then jump into any of the gambling options above.
Each has its own unique offers and ways to embrace NFTs and is part of the most popular sites available online at this current moment.
Expertise: Journalism & PR, SEO Writing, Content Writing, International Gambling Markets
Hey, I'm Stelly! I oversee the whole content at CasinoWow, from breaking gambling news to in-depth guides and game coverage. My job is to make sure everything we publish is accurate, useful, and genuinely worth reading for every type of player.
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