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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    $3.62B Already Sold in 2025

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    Avalanche Selects Funtico to Support Indie Game Developers

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    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

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    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

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    SoonVerse Partners with Arris to Enhance User Experience

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

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    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Gaming

Are NFT Marketplaces the Future of Online Gambling Payments?

May 12, 2025
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Are NFT Marketplaces the Future of Online Gambling Payments?
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Cryptocurrency and other crypto assets, like NFTs, are becoming increasingly commonplace in the online casino world. In particular, cryptocurrencies are popular because they offer fast, inexpensive, borderless transactions.

NFTs are seeing some use in platform gamification, where they are given as rewards to regular players, and some online gambling platforms enable NFT staking.

In the future, these assets could be transferred between casinos and platforms, and even bought or sold at NFT platforms, although they are unlikely to become a standard method of payment.  

Online Gambling And Blockchain

Blockchain technology has found many uses. The digital ledger can be used to hold records and store data, while cryptocurrencies like Bitcoin and Ethereum have become popular with some businesses and e-commerce stores.

iGaming sites have started accepting crypto deposits, enabling them to offer instant withdrawals and deposits as well as provably fair gaming. According to online betting expert Brett Curtis, the low costs associated with cryptocurrency payments also enable crypto casinos to offer some of the most generous bonuses and rewards.

While they do offer benefits over traditional online casinos, cryptocurrency casinos also offer some unique challenges to players. Users need to use crypto wallets as well as crypto exchanges, and for those players who accept NFTs as prizes or loyalty rewards, and want to sell them, they will need to use dedicated NFT marketplaces.

How Are NFTs Used in iGaming?

NFTs are digital assets stored on the blockchain. Every NFT is unique, and it usually represents digital artwork, audio, or another digital file. Initially, NFTs were used primarily to trade digital collectibles. Artists would create an NFT and then sell it. Collectors and speculative investors purchased the NFTs, hoping they would increase in value over time.

Over time, though, companies and individuals have found increasingly unique ways to use NFTs. NFT trading games, which operate similarly to physical trading card games like Pokémon and Magic: The Gathering, have become popular.

Companies, sports teams, and even celebrities and individuals have also launched their own series of NFTs that can include additional privileges such as voting rights or discounted products and services.

Rewards

One way that online casinos use NFTs is as a form of reward for their players. Typically, these are given out as part of loyalty programs or to high rollers who regularly engage with the games on the site. Rewards like this are used to attract players back to the site so they keep playing.

The NFTs may also come with additional benefits, such as quicker deposits, access to exclusive games, or potentially even invitations to physical tournaments and other events. NFTs are a convenient alternative to traditional rewards. They feel more prestigious than a simple email or QR code link, and they can be stored in a compatible NFT wallet that the user can carry to any physical location, such as an associated retail casino.

NFT Trading

NFTs can be traded on open marketplaces. If a player receives a reward they don’t want or won’t use, they could potentially sell the associated NFTs on relevant marketplaces. This transfers the crypto key to the new recipient, and they effectively become the holder and owner of the token.

See also  interview with the founder of NFT art project Burnt

For the selling player, this would enable them to convert their digital reward into cryptocurrency. The buyer not only receives the NFT but also any bonus or other feature that accompanies that token.

Collectibles

WSOP poker bracelets are awarded to the world’s best poker players when they win World Series of Poker games. The bracelets are highly cherished, and the number of bracelets a player has won is used as an indication of that player’s success at the table.

Although there isn’t really anything similar to that for other online casino games, there is the potential for casinos to introduce them. Players who win slot jackpots, call house at an online bingo game, or hold their nerve to cash out a 100x multiplier at crash games could be rewarded with a digital bracelet.

Because NFTs are developed on the blockchain, rather than on the casino software, these could be transferable between casinos, making them highly coveted collectibles.

NFT Staking

NFT gambling is still a relatively niche area of iGaming, but it does exist. NFT gambling games work in much the same way as any other gambling game. Players stake their NFTs in games of skill or luck, and the gambling site or other players match the stake.

Once a fair price has been agreed upon by all parties, the game commences, and the winner stands to collect NFTs, cryptocurrency, or other blockchain-based assets. For the NFT collector, this can represent a fun way to expand their collection. For speculative investors, it could present a way of getting hold of highly sought-after collectibles.

Other Crypto iGaming Uses

While NFTs continue to gather pace in the cryptocurrency world and are finding purpose as collectibles and rewards at online casinos, they are unlikely to prove as popular as iGaming cryptocurrencies.

Cryptocurrency payments can be completed in a matter of seconds, especially with coins like Solana, which has been ranked the quickest blockchain for transactions, rather than the several working days it takes for traditional payments to complete. As well as being faster, they are also cheaper, with some cryptocurrencies offering trades at less than one cent per trade, on average.

Because blockchain transactions are immutable, the use of cryptocurrencies can also help combat fraud while providing casinos and their players with verifiably fair gaming practices. All of these same benefits are attributable to NFTs, which is why blockchain and crypto assets are considered the future of iGaming.

Conclusion

NFTs have been implemented in some online casinos. In particular, they are used as a method of rewarding loyal players, with the tokens including additional benefits like unique bonuses or access to exclusive games and events. In the future, NFTs may be transferable between casino platforms and even with other types of platforms to further expand their uses and benefits. 

Main Image Credit: Unsplash

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Cryptocurrency and other crypto assets, like NFTs, are becoming increasingly commonplace in the online casino world. In particular, cryptocurrencies are popular because they offer fast, inexpensive, borderless transactions.

See also  CryptoPunk Prices Surge as Bitcoin Gains Help Pump NFT Market

NFTs are seeing some use in platform gamification, where they are given as rewards to regular players, and some online gambling platforms enable NFT staking.

In the future, these assets could be transferred between casinos and platforms, and even bought or sold at NFT platforms, although they are unlikely to become a standard method of payment.  

Online Gambling And Blockchain

Blockchain technology has found many uses. The digital ledger can be used to hold records and store data, while cryptocurrencies like Bitcoin and Ethereum have become popular with some businesses and e-commerce stores.

iGaming sites have started accepting crypto deposits, enabling them to offer instant withdrawals and deposits as well as provably fair gaming. According to online betting expert Brett Curtis, the low costs associated with cryptocurrency payments also enable crypto casinos to offer some of the most generous bonuses and rewards.

While they do offer benefits over traditional online casinos, cryptocurrency casinos also offer some unique challenges to players. Users need to use crypto wallets as well as crypto exchanges, and for those players who accept NFTs as prizes or loyalty rewards, and want to sell them, they will need to use dedicated NFT marketplaces.

How Are NFTs Used in iGaming?

NFTs are digital assets stored on the blockchain. Every NFT is unique, and it usually represents digital artwork, audio, or another digital file. Initially, NFTs were used primarily to trade digital collectibles. Artists would create an NFT and then sell it. Collectors and speculative investors purchased the NFTs, hoping they would increase in value over time.

Over time, though, companies and individuals have found increasingly unique ways to use NFTs. NFT trading games, which operate similarly to physical trading card games like Pokémon and Magic: The Gathering, have become popular.

Companies, sports teams, and even celebrities and individuals have also launched their own series of NFTs that can include additional privileges such as voting rights or discounted products and services.

Rewards

One way that online casinos use NFTs is as a form of reward for their players. Typically, these are given out as part of loyalty programs or to high rollers who regularly engage with the games on the site. Rewards like this are used to attract players back to the site so they keep playing.

The NFTs may also come with additional benefits, such as quicker deposits, access to exclusive games, or potentially even invitations to physical tournaments and other events. NFTs are a convenient alternative to traditional rewards. They feel more prestigious than a simple email or QR code link, and they can be stored in a compatible NFT wallet that the user can carry to any physical location, such as an associated retail casino.

NFT Trading

NFTs can be traded on open marketplaces. If a player receives a reward they don’t want or won’t use, they could potentially sell the associated NFTs on relevant marketplaces. This transfers the crypto key to the new recipient, and they effectively become the holder and owner of the token.

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For the selling player, this would enable them to convert their digital reward into cryptocurrency. The buyer not only receives the NFT but also any bonus or other feature that accompanies that token.

Collectibles

WSOP poker bracelets are awarded to the world’s best poker players when they win World Series of Poker games. The bracelets are highly cherished, and the number of bracelets a player has won is used as an indication of that player’s success at the table.

Although there isn’t really anything similar to that for other online casino games, there is the potential for casinos to introduce them. Players who win slot jackpots, call house at an online bingo game, or hold their nerve to cash out a 100x multiplier at crash games could be rewarded with a digital bracelet.

Because NFTs are developed on the blockchain, rather than on the casino software, these could be transferable between casinos, making them highly coveted collectibles.

NFT Staking

NFT gambling is still a relatively niche area of iGaming, but it does exist. NFT gambling games work in much the same way as any other gambling game. Players stake their NFTs in games of skill or luck, and the gambling site or other players match the stake.

Once a fair price has been agreed upon by all parties, the game commences, and the winner stands to collect NFTs, cryptocurrency, or other blockchain-based assets. For the NFT collector, this can represent a fun way to expand their collection. For speculative investors, it could present a way of getting hold of highly sought-after collectibles.

Other Crypto iGaming Uses

While NFTs continue to gather pace in the cryptocurrency world and are finding purpose as collectibles and rewards at online casinos, they are unlikely to prove as popular as iGaming cryptocurrencies.

Cryptocurrency payments can be completed in a matter of seconds, especially with coins like Solana, which has been ranked the quickest blockchain for transactions, rather than the several working days it takes for traditional payments to complete. As well as being faster, they are also cheaper, with some cryptocurrencies offering trades at less than one cent per trade, on average.

Because blockchain transactions are immutable, the use of cryptocurrencies can also help combat fraud while providing casinos and their players with verifiably fair gaming practices. All of these same benefits are attributable to NFTs, which is why blockchain and crypto assets are considered the future of iGaming.

Conclusion

NFTs have been implemented in some online casinos. In particular, they are used as a method of rewarding loyal players, with the tokens including additional benefits like unique bonuses or access to exclusive games and events. In the future, NFTs may be transferable between casino platforms and even with other types of platforms to further expand their uses and benefits. 

Main Image Credit: Unsplash

Tags: FutureGamblingMarketplacesNFTOnlinePayments

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