Latest News

What NFTs and gaming have in common

Published

2 years ago

August 22, 2022

Reading Time: 2 minutes

If there is one thing that seems to be gaining a lot of attention in the media at the moment, it is NFTs. An NFT is a non-fungible token with a unique serial number and cannot be subdivided.

How does an NFT have value? Two NFTs will still be unique even if they tokenize the same thing. Unlike Bitcoin and other cryptocurrencies, you cannot replace one NFT for another and it simply be the same, or have the same value.

We are seeing NFTs make a big impact on many different industries, and one, in particular, is the world of gaming. Continue reading to discover everything you need to know.

Making in-game items into NFTs

Some cryptocurrency enthusiasts believe that the future of in-game economies involves turning in-game items, such as character skins or guns, into NFTs. They feel that NFTs will generate true ownership, creating the ability to resell in-game items that a person no longer wants.

We have also seen some people claim that NFT items, including characters, could be transferred from one game to another.

Of course, nothing is guaranteed, though. Just because an NFT is yours for as long as you decide to keep it, does not mean it is going to retain its in-game value. There is always a risk. However, it is certainly exciting to see where the future lies in this regard.

Becoming a unique character

Both NFTs and games play on the fact that we love the opportunity to tap into another world and become someone else. More and more games give people the ability to create and amend their in-game characters.

This is something that NFT games embrace. However, they go one step further than this, as you can own your character as well. This means that no one else is going to be able to have the same character as you.

The head of research at Bequant, a prime brokerage and digital asset exchange platform, Martha Reyes, has spoken about this:

“NFT purchases allow the player to purchase their own character which is either unique to them or readily available to the wider ecosystem.

“This gives players the ability to play as whoever they want, rather than being dictated by the developers, giving them more freedom in the gaming worlds.”

Training to add value

Gamers go on a journey whenever they play a game. Their character does not start out perfect. Progression and development are needed. The same can be said for NFT games as well, ensuring that everyone can still get involved. Otherwise, powerful characters would only be for those with lots of money to spend.

This is something that Reyes has also explained in full:

“In games such as Blockchain Cuties, players can train and upgrade their existing characters, making them more powerful in the game and valuable on the marketplace.

“This means that the training process can actually add value to the player’s NFT, making them more money when they sell it on.

“This also means that the richest players can’t just buy their way to success and less experienced players can earn their way up the gaming ladder.”

The exciting world of NFTs and gaming

So there you have it: an insight into how the worlds of NFTs and gaming are colliding effectively. This is an area that is only going to get more and more fascinating, with great opportunities for gamers to develop NFT characters, which they own and can make better as well.

Eastern Europe

Soft2Bet Invest Wins the “Outstanding Contribution to Gaming 2024” Award at SiGMA East Europe

Published

2 days ago

September 6, 2024

Adrienn Sarkany

Reading Time: < 1 minute

Soft2Bet is delighted to announce that its Soft2Bet Invest venture has won the Outstanding Contribution to Gaming 2024 award at this year’s SiGMA East Europe taking place this week in Budapest, Hungary.

The award celebrates executives and organisations that make significant impacts on the industry through technical innovation, advocacy or mentoring and investments. Winning the “Outstanding Contribution to Gaming 2024” award for this category is therefore fantastic recognition of Sof2Bet’s work and efforts in the field.

Soft2Bet Invest launched a €50m iGaming Innovation Fund to support innovative iGaming and casual gaming companies and provide financial and business support to entrepreneurs. It reaches across the corporate spectrum and is open to growth-stage and/or mature companies that are harnessing pioneering technologies in casual gaming, AI, traffic differentiators or behavioural-UX analytics.

Launched in 2024, Soft2Bet Invest has already attracted major interest from iGaming startups and visionaries wanting to innovate and revolutionise the sector. Its investment bracket ranges from €500K to €1m per individual project, with the investment strategy to be discussed on a case-by-case basis.

Martin Collins, Chief Business Development Officer at Soft2Bet, commented: “Winning this award is highly rewarding since we launched Soft2Bet Invest just this year. It shows the hunger there is among our industry peers for a specialist investment fund that can harness the energy within iGaming and turn entrepreneurial dreams into realities. Soft2Bet’s focus has always been innovation, of spirit, business and technology, and this award recognises those qualities. We’re truly delighted to have won it!”

Africa

Tusk Casino Celebrates Trace’s R2.3 Million Jackpot Victory

Published

2 days ago

September 6, 2024

George Miller

Tusk Casino Celebrates Trace's R2.3 Million Jackpot Victory

Reading Time: 2 minutes

Tusk Casino proudly announces another thrilling win for one of its players, Trace, who secured an impressive R2.3 Million on the Secrets of Cleopatra slot, crafted by PG Soft. This notable win is proof of the exciting potential of Tusk Casino, supported by www.SouthAfricanCasinos.co.za, the leading online gambling guide for South African players.

Trace’s Winning Moment at Tusk Casino

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SouthAfricanCasinos.co.za: Gateway to Winning Opportunities

As a premier guide for mobile casinos enthusiasts, SouthAfricanCasinos.co.za has earned the trust of countless players. Trace, after his significant win, commented, “Coming across Tusk Casino thanks to SouthAfricanCasinos.co.za was a turning point.” His experience mirrors that of many others who have benefited from the platform’s professional advice and well-researched recommendations.

About Tusk Casino

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A Bright Future for Online Gambling in South Africa

Thanks to the support from SouthAfricanCasinos.co.za, Tusk Casino reaffirms its position as a leading venue for safe and exciting online gaming. This partnership provides players with the most up-to-date information and prime gambling opportunities, ensuring a secure and enjoyable experience for all participants.

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Trace’s impressive win at Tusk Casino not only transforms his life but also underscores the exciting possibilities available through SouthAfricanCasinos.co.za and Tusk Casino, marking a significant moment in the South African online gambling landscape.

Latest News

Atlaslive Celebrates Multiple Nominations for EIGE 2024, Including Best Marketing Campaign

Published

2 days ago

September 6, 2024

Wladimir P.

Reading Time: 2 minutes

Atlaslive, a B2B software provider delivering high-quality solutions for the iGaming industry, has been shortlisted in all four of its nominated categories for the upcoming European iGaming Excellence (EIGE) Awards 2024. This recognition underscores Atlaslive’s commitment to innovation, excellence, and leadership in the iGaming industry.

The nominations include:

Best Marketing Campaign: Our rebranding campaign has been recognized for its strategic approach and impact, reflecting Atlaslive’s dynamic evolution and our continuous efforts to connect more deeply with our partners.
Best eSports Betting Provider: This nomination highlights our cutting-edge eSports offerings, which are designed to meet the growing demand for immersive and reliable eSports betting experiences.
Innovation in iGaming Technology: At Atlaslive, we thrive on challenges and excel in high-pressure, high-traffic moments. Our peak performance technology, which ensures seamless operations even during the most demanding periods, has earned us a spot in this category.
Best iGaming Supplier: Being recognized as one of the leading suppliers in the iGaming industry is a testament to our comprehensive and scalable solutions, which continue to set new standards for reliability and excellence.

The final vote for the EIGE 2024 Awards will take place during the European Gaming Congress, held on October 15-16, 2024, in Warsaw. Atlaslive is proud to attend as an industry leader, contributing its expertise in two key panel discussions:

The Future of Esports: Opportunities and Challenges – October 15
Optimizing Sportsbook Operations for Enhanced Performance – October 16

Atlaslive’s CEO, Maxim Slobodyanyuk, commented, “Our success is built on a foundation of relentless innovation and a deep understanding of the iGaming landscape. Every solution we develop is designed with our partners’ growth and success in mind, ensuring they have the tools they need to thrive in a competitive market. These nominations validate our strategic direction and the trust our partners place in us. We’re not just reacting to industry trends; we’re actively shaping the future of iGaming. By staying ahead of technological advancements and continuously refining our offerings, we aim to lead the industry in delivering exceptional value. Our vision is clear: to be the go-to partner for businesses seeking not only cutting-edge technology but also a collaborative and forward-thinking approach to long-term success.”

Join Atlaslive as the company shares insights and shapes the future of iGaming.