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ICE 2022 Has Been a Great Success for NetGaming: First Official NFT-Related Slot, New Games and Crypto Casino Features
ICE London attracts the crème of the gambling business since it is the world’s largest meeting of gaming experts searching for product and/or service solutions across all industries. For all B2B gaming industry specialists, ICE London is the Global Gaming Hub. The leading gaming technology convention for company growth, development, and networking, the event continues to be unmatched when it comes to gaming conventions.
NetGaming’s NFT Debut
This great reputation was, of course, what was behind NetGaming’s efforts to get a spot at the very lucrative exhibition. The company is an up-and-coming online casino developer that has been defying expectations with each new release. One of the highlights of their ICE London display was their membership in Mutant Ape Yacht Club, which marked their formal entry into the realm of non-fungible tokens (NFTs).
Pallavi Deshmukh, CEO of NetGaming, commented on the news, saying that they are thrilled to have obtained four rare MAYC NFTs while working to be the first in the business to build crypto and NFT-related games of that caliber.
“As an innovator in this space, we aim to get this title in the hands of our players in Q2 this year as we continue to offer unique propositions and make investments into the finest talents to ensure longevity for NetGaming with more exciting updates on the horizon,” Pallavi Deshmukh adds.
Since August 2021, the company’s crypto projects have undergone various adjustments to provide the finest possible product for its clients and ever-growing userbase. It has embraced this electric desire for a real NFT slot game by leveraging its world-class team to create the world’s first Mutant Ape-themed AAA standard slot game.
Hundreds of online gaming sites, including industry giants Unibet, Videoslots, and Parimatch, now have access to this new material.
The Rise of Crypto and NFT Casinos
It is impossible to ignore the rising popularity of online casinos that take cryptocurrencies. In fact, an increasing number of gamblers are experimenting with online casinos where they may deposit cryptocurrencies rather than fiat currency. Thankfully, it is now easier than ever to gamble using any of the popular currencies, such as Bitcoin and Ethereum, at an online casino that supports them.
We can readily explain why the cryptocurrency-based gambling sector is flourishing. Many modern players prefer to play online casino games without having to bother with currency conversion or payment processing costs. This is especially true for international iGaming sites.
With crypto-powered casinos, these gamblers can avoid any financial transaction costs, obtain faster withdrawals, and still play most of the popular casino games offered in typical fiat-based casinos by using cryptocurrencies.
Similar to digital currencies, the adoption of NFTs has also had a significant impact on a variety of businesses in recent years. The gambling industry is catching up as well. Currently, NFT initiatives are focusing primarily on this area, setting the tone for future advancements. The potential for development is huge, and some players have even discovered new ways to earn money as a passive income.
It’ll be fascinating to see how utility NFTs like NetGaming’s latest product fare once they enter the market and mature. This could be an excellent way to generate indirect, passive income from the online gambling industry.
There have been a few hiccups along the way. Still, the rate of development and advancement in the sector has been nothing short of impressive. Developers and stakeholders from various industries have been at the forefront of championing advancements, most of which are user-centered.
Asia
Goa Introduces an Entirely Online Lottery Platform
In a move towards modernising India’s lottery sector, the state of Goa has introduced an entirely online lottery platform, sanctioned by the Directorate of Small Savings and Lotteries. This initiative, known as Great Goa Games, aims to bring transparency and convenience to an industry that has long grappled with allegations of mismanagement and fraud.
Ticket sales commenced Monday, with the inaugural draw set for Sunday. Rhiti Group, led by founder Arun Pandey, was granted the license to operate and market the platform. “Our mission is to democratize opportunities through technology,” Pandey stated, emphasizing the secure and user-friendly nature of the app-based system.
Goa government official Narayan Gad lauded the move as a step forward for the Indian lottery sector. “With our online lottery streamlining processes through technology, we are setting a new standard in the lottery industry,” Gad remarked. “The technology-based product will enhance transparency and ensure improved monitoring and regulation of operations.”
This development follows new rules governing online lotteries, introduced by the Goa directorate in February 2023. Currently, 13 states in India, including Goa, allow lottery games, though others have banned them due to concerns over gambling addiction and operational irregularities.
Latest News
Catena Media Announces Board Changes
Catena Media’s board of directors announced the appointment of Stephen Taylor-Matthews as non-executive director and the departure of Øystein Engebretsen from the board of directors.
Based in London, Stephen Taylor-Matthews is a tech entrepreneur, executive advisor and investor with over two decades of experience in online gaming, sports betting and data analytics.
He is the founder of Polynate, an AI-first company delivering next-generation sports engagement solutions, and has worked at Underdog Fantasy, GoatGaming and Betgenius in previous roles.
Stephen Taylor-Matthews commented: “Catena Media is in a transformation phase and I’m excited to be joining the board at this juncture and to contributing my industry expertise and insight.”
The appointment coincides with the departure from the board of Øystein Engebretsen, who has served as non-executive director since September 2018.
Erik Flinck, Chairman of the Board of Directors, said: “Øystein has made a valuable and important contribution to Catena Media for more than six years. I warmly thank him for his efforts and wish him well in his current and future ventures. At the same time, I am delighted to welcome Stephen Taylor-Matthews to the board. His experience and expertise will be a valuable asset for Catena Media as we move forward.”
Stephen Taylor-Matthews’ appointment will become effective once all necessary filings are made with the Malta Business Registry, and his term will run up until the end of the next annual general meeting, in accordance with the Maltese Companies Act and Catena Media’s articles of association.
Latest News
Endorphina Partners with R. Franco Digital to Expand Reach
The leading online slot games provider, Endorphina, has announced a brand-new partnership with R. Franco Digital, a renowned manufacturer of AWP machines. This collaboration allows Endorphina to expand its reach in the Spanish and Latin American markets.
Endorphina is one of the top iGaming software providers for the B2B market, developing online slots that cater to a wide range of slot enthusiasts. Over the years, the provider has established itself as one of the most innovative slot suppliers in the industry, dedicated to expanding its products to players worldwide.
Zdenek Llosa, Senior Partnership Manager at Endorphina, said: “We are genuinely excited to join forces with R. Franco Digital, a trusted name with a rich legacy in the Spanish and Latin American gaming world. Partnering with a platform that shares our passion for quality and player satisfaction is truly inspiring. Together with the R. Franco team, we look forward to creating memorable, fun experiences that bring joy and excitement to our shared communities across Spain and LATAM. This collaboration feels like the beginning of something truly special.”
Franco Digital, a subsidiary of the Recreativos Franco Group, has been known for providing its customers with the best turnkey solutions for over 50 years. As a pioneering manufacturer of AWP machines, R. Franco Digital is founded on an innovative company culture that uses the best methodologies and technologies available, working with talented and disruptive people to deliver the best solutions.
“At R. Franco Digital, we are always striving to enhance our platform with innovative, top-quality content that resonates with our audiences, particularly in Spain and Latin America. Partnering with Endorphina allows us to bring a fresh, engaging catalog of games to our players, combining our platform’s power with Endorphina’s creativity and expertise. This collaboration underscores our commitment to delivering premium gaming experiences tailored for Spanish-speaking markets,” said Javier Sacristán, International Business Director of R. Franco Digital.
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