How Will the Metaverse Change Online Gambling?

February 3, 2022 iGaming & Gambling

The whole concept of the metaverse was first introduced in a 1992 Neal Stephenson novel called Snow Crash. In the book, Stephenson established the metaverse as a virtual three-dimensional world wherein users from the actual physical world could explore via avatars. Within the metaverse of Stephenson’s novel, characters had the opportunity to add to the virtual world by building establishments and acquiring digital assets for themselves. At the same time, these characters’ avatars could interact with the virtual environment and with other users who happened to be online at the same time. When the book was first released, the whole concept surrounding the metaverse was pure science fiction. The technology of the time was not sophisticated enough to be able to materialize an actual metaverse that people could freely interact in.

30 years later, the internet is now one of life’s basic commodities and is vastly present in various parts of the globe. People these days are no longer strangers to online interactions and digital transactions. More than that, computer hardware has progressed in leaps and bounds over the past three decades to the point that the metaverse is no longer something that’s out of science fiction. The metaverse is now a reality and is being practiced by a large part of the consumer market in various parts of the globe.

While the concept of the metaverse might have only been in mainstream dialogues over the course of the past few months, the technology that powers various metaverses around the world has actually been around for a while. One big reason why more people are talking about the metaverse these days is that tech giant Mark Zuckerberg recently announced that Facebook’s parent company will officially be adopting the change Meta. This implies that one of the most valuable brands in the world is going to invest heavily in metaverse-related tech. Naturally, this has sparked numerous discussions surrounding the concept of the metaverse and many of its applications.