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Blockchain-Based Approach to Change iGaming Industry

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Blockchain-Based Approach to Change iGaming Industry
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What has been the biggest user concern with online casinos? No doubt, it’s trust. Players have to trust the casino with their money, but they can’t make sure the casino is honest with everything, from filing small wins to paying out big jackpots. This issue has not been sufficiently dealt with for many years and there wasn’t a complete solution to make online casinos trustworthy enough for clients.

The blockchain approach is exactly what the industry needed for a while. Using blockchain to write down each casino’s transaction makes entertaining platforms transparent, therefore, attractive to players. And what happens when players find out there are in fact both trusted casinos and old-style, less transparent casinos? They’ll never go back to traditional, untrustworthy ones. Therefore, the blockchain approach will soon be compulsory in the iGaming business.

While creating a whole blockchain casino from scratch is difficult and expensive, there’s another way to make the existing casino trustworthy for players. Trueplay addressed this problem and offered a great idea to iGaming – a blockchain-based iFrame widget with tokenized loyalty programs.

 

What does it give to players?

  • An opportunity to get rewards in crypto tokens — a more interesting modern offer compared to traditional in-game bonuses
  • A reason to trust the casino. With Trueplay every transaction is stored in the blockchain, which means no one can edit anything. Players can see and verify each transaction in real-time, without the need to request any information from the online casinos.

 

And how do online casinos benefit from Trueplay?

  • Boosted average deposit per player
  • Higher time spent on the platform
  • Better user engagement and retention
  • Players’ trust

 

How does it work?

  • Operators create their own crypto token and add the Trueplay widget to their platform. It takes no more than 48 hours.
  • Players start receiving tokens for certain actions on the platform like making bets or staking tokens.
  • Players can verify any transaction through the transparent blockchain explorer and make sure the casino works honestly.
  • Players trust the casino’s brand, play more, spend more, and invite referrals.

 

You can see how the Trueplay widget works or book a call to get a personalized specialist who’ll show all the advantages of the blockchain solution.

The idea of switching online casinos to a blockchain is not new. Everyone believes in the bright future of the industry. But the solution to implement tokenized loyalty programs in less than 48 hours is something truly innovative.

Trueplay offers all the perks of blockchain transparency without the need for existing casinos to break the bank by investing a fortune. It’s an easy and ready-to-go solution that requires minimal effort from the operator’s side and no investments.

 

Blockchain

Torque Squad out in force for MotoGP weekend

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Torque Squad out in force for MotoGP weekend
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The Torque Squad, part of the Motorverse Corporation and subsidiary of Animoca Brands, went to MotoGP for the first time as it revved up for the MotoGP™ Monster Energy British Grand Prix.

Brad Binder, MotoGP rider and Torque Squad Ambassador, took to the stage at Silverstone. A tough Qualifying saw the 26-year-old sitting 0.176 seconds off Q2, but the Torqies cheered Binder from P14 on the grid to a P11 finish.

The South African currently sits seventh in the standings, with one podium under his belt, as the MotoGP riders prepare to take on tracks in Austria and Italy before heading to Spain for the MotoGP™ Gran Premio de Aragón, where Animoca Brands will star as title sponsor.

This marks the latest step for Torque Squad and Animoca Brands as they build on a growing partnership with MotoGP™, with Animoca Brands also serving the role of title sponsor at the Australian Motorcycle Grand Prix in October.

The Torqies at Silverstone secured their VIP experience at the MotoGP™ Monster Energy British Grand Prix via both REVV Motorsport Discord and Torque Squad Discord.

As well as meeting Brad Binder, the lucky winners also came face-to-face with three-time MotoGP World Champion Jorge Lorenzo as part of a special experience that featured meet & greets, paddock tours, pit lane walks, bike simulators and more.

The event also followed news that Torque Squad had partnered with Lorenzo as part of the Spaniard’s involvement with X-Fuera.

Matt Solomon, Motorverse Co-Founder and CEO, said: “It was great to see so many Torqies at Silverstone for MotoGP. The event marked our first collaboration with the series and it was a huge success.

“We were delighted that our Torqies got to experience the full VIP package at Silverstone and we look forward to our next event!”

Earlier this year Motorverse Corporation announced the launch of Torque Squad – a collection of 8,888 racing avatars NFTs called “Torqies”. Torqie NFTs are generated with individually styled details and intricate hand-drawn artwork to delight motorsport enthusiasts.

These Torqies will act as the entry point to the Motorverse ecosystem. Partnered with the REVV Motorsport ecosystem, the Motorverse will support various REVV ecosystem NFTs in some of the upcoming Motorverse experiences.

These experiences include both the real and virtual worlds of motorsport, with Torque Squad NFTs offering true utility across multiple areas. Next up for the Torqies will be the Phillip Island Circuit in Australia, where Binder and the rest of the MotoGP grid will battle it out as the season nears its end.

Alongside Binder, Torque Squad project has partnered with numerous other top racers from across the world of motorsport, including Juan Pablo Montoya and his son Sebastian, Joey Logano and Rene Rast.

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Blockchain

Pinnacle Solution agrees blockchain partnership with Azuro

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Pinnacle Solution agrees blockchain partnership with Azuro
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Pinnacle Solution, the award-winning sports betting supplier, has agreed a pioneering data partnership with decentralised betting ecosystem Azuro.

The award-winning sports betting supplier will provide Azuro with its market-leading sports and esports prices, with the feed available to front-end operators connected to Azuro’s blockchain protocol.

The Azuro protocol, capable of deployment on multiple blockchains, facilitates interactions between independent data and liquidity providers, and operators. This network then delivers thousands of liquid betting markets to end users in a trustless manner with the clean UX expected from successful web 3.0 use cases.

As one of the Azuro protocol’s first data providers, Pinnacle Solution will be pivotal in delivering its benchmark pricing capabilities across global sporting events to users, with all activity on the front and back-end processed on-chain in a secure, seamless fashion.

Rohini Sardana, BD Director at Pinnacle Solution, said: “We’ve been advancing trading standards in sports betting for over two decades and always have an eye on technologies that will shape the future of our success and the wider industry.

“This partnership with Azuro is a prime example of how blockchain can take our sector forward. We’re excited to integrate our prices into the ecosystem and to deliver a multi-jurisdictional user base of decentralised bettors our world-class prices.”

Paruyr Shahbazyan, Azuro Protocol’s Core Contributor, commented: “As the first truly viable decentralised sports betting solution, it’s only right that we want the biggest names in sports betting to connect to Azuro. The partnership with Pinnacle gives us the best feed and prices out there, while keeping betting markets fully transparent, open, and trustless, which gives bettors the peace of mind that no intermediaries are controlling their funds.

“Pinnacle Solution’s data feeds will be a significant boost for the network of front-end operators connected to Azuro, as well as their users, and we can’t wait to kick off the partnership and push blockchain betting further into the mainstream.”

Azuro is available for providers and operators to utilise now, with Pinnacle Solution’s feed set to go live in the coming weeks.

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Torque Squad ready for MotoGP debut

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Torque Squad ready for MotoGP debut
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The Torque Squad, part of the Motorverse Corporation and subsidiary of Animoca Brands, is heading to MotoGP for the first time as it prepares for the MotoGP™ Monster Energy British Grand Prix this weekend.

It promises to be a huge weekend all round, with South African Brad Binder, MotoGP rider and Torque Squad Ambassador, taking centre stage at Silverstone. The 26-year-old is currently sixth in the standings with one podium achieved so far this season and will be hoping for more this weekend.

What’s more, a number of Torqies have secured their VIP experience at the MotoGP™ Monster Energy British Grand Prix via both REVV Motorsport Discord and Torque Squad Discord.

The lucky winners will get to experience the following:

  • Paddock Tour on Saturday and Sunday
  • Pit Lane Walk on Saturday and Sunday at scheduled times
  • VIP Raffle Prize: MotoGP™ Official Merchandising / Pit Wall Experience
  • Bike Simulator
  • Expo-Show Bike
  • MotoGP™ World Champions Trophy Photo Opportunity
  • Meet & Greet/Q&A Session with MotoGP™ Championship riders
  • VIP Shuttle Shopping Experience

This marks the latest step for Torque Squad and Animoca Brands as they build on a growing partnership with MotoGP™.

MotoGP™ also recently announced Animoca Brands as the title sponsor for MotoGP™ Gran Premio de Aragón and Australian Motorcycle Grand Prix.

Matt Solomon, Motorverse Co-Founder and CEO, said: “We’re incredibly excited to be getting involved in MotoGP. There is no brand more distinguished when it comes to motorcycle racing, and it’s great to see the Motorverse developing, whether it be racing on two wheels or four wheels.

“From our virtual world to the Silverstone circuit, our Torqies are in for an amazing experience this weekend as our NFTs continue to deliver true utility across multiple areas.”

Earlier this year Motorverse Corporation announced the launch of Torque Squad – a collection of 8,888 racing avatars NFTs called “Torqies”. Torqie NFTs are generated with individually styled details and intricate hand-drawn artwork to delight motorsport enthusiasts.

These Torqies will act as the entry point to the Motorverse ecosystem, which is partnered with the REVV Motorsport ecosystem and is adopting the REVV Token as its ecosystem utility token.

Additionally, various REVV ecosystem NFTs will be supported in several of the upcoming Motorverse experiences in both the real and virtual worlds of motorsport.

The Torque Squad project has also partnered with numerous top racers from across the world of motorsport, including Juan Pablo Montoya and his son Sebastian, Joey Logano and Rene Rast, as well as Binder.

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