What Effect Could the Metaverse Have on the iGaming Industry?

November 18, 2021 iGaming & Gambling Industry Updates

The term “metaverse” has recently entered common parlance thanks to the recent announcement that Facebook has changed its name to Meta. This was great for the company as it provided millions in free promotion for Facebook/Meta and its growing range of products with every news outlet in the world covering it.

However, for the wider public, it was mostly just a confusing experience that provided more questions than answers. In fact, search data has revealed that of the 2.62 million searches for the word “metaverse” that were made in October, almost all of them were of people trying to understand what it actually is.

In this vacuum of knowledge, theories, and suggestions of what the metaverse could do for different industries and how it will change the world.

Bloomberg recently reported how fashion companies, crypto enthusiasts, and tech startups are coming together to create virtual fashion items that could be used in the metaverse.