Latest News
ICE 2022 Has Been a Great Success for NetGaming: First Official NFT-Related Slot, New Games and Crypto Casino Features
ICE London attracts the crème of the gambling business since it is the world’s largest meeting of gaming experts searching for product and/or service solutions across all industries. For all B2B gaming industry specialists, ICE London is the Global Gaming Hub. The leading gaming technology convention for company growth, development, and networking, the event continues to be unmatched when it comes to gaming conventions.
NetGaming’s NFT Debut
This great reputation was, of course, what was behind NetGaming’s efforts to get a spot at the very lucrative exhibition. The company is an up-and-coming online casino developer that has been defying expectations with each new release. One of the highlights of their ICE London display was their membership in Mutant Ape Yacht Club, which marked their formal entry into the realm of non-fungible tokens (NFTs).
Pallavi Deshmukh, CEO of NetGaming, commented on the news, saying that they are thrilled to have obtained four rare MAYC NFTs while working to be the first in the business to build crypto and NFT-related games of that caliber.
“As an innovator in this space, we aim to get this title in the hands of our players in Q2 this year as we continue to offer unique propositions and make investments into the finest talents to ensure longevity for NetGaming with more exciting updates on the horizon,” Pallavi Deshmukh adds.
Since August 2021, the company’s crypto projects have undergone various adjustments to provide the finest possible product for its clients and ever-growing userbase. It has embraced this electric desire for a real NFT slot game by leveraging its world-class team to create the world’s first Mutant Ape-themed AAA standard slot game.
Hundreds of online gaming sites, including industry giants Unibet, Videoslots, and Parimatch, now have access to this new material.
The Rise of Crypto and NFT Casinos
It is impossible to ignore the rising popularity of online casinos that take cryptocurrencies. In fact, an increasing number of gamblers are experimenting with online casinos where they may deposit cryptocurrencies rather than fiat currency. Thankfully, it is now easier than ever to gamble using any of the popular currencies, such as Bitcoin and Ethereum, at an online casino that supports them.
We can readily explain why the cryptocurrency-based gambling sector is flourishing. Many modern players prefer to play online casino games without having to bother with currency conversion or payment processing costs. This is especially true for international iGaming sites.
With crypto-powered casinos, these gamblers can avoid any financial transaction costs, obtain faster withdrawals, and still play most of the popular casino games offered in typical fiat-based casinos by using cryptocurrencies.
Similar to digital currencies, the adoption of NFTs has also had a significant impact on a variety of businesses in recent years. The gambling industry is catching up as well. Currently, NFT initiatives are focusing primarily on this area, setting the tone for future advancements. The potential for development is huge, and some players have even discovered new ways to earn money as a passive income.
It’ll be fascinating to see how utility NFTs like NetGaming’s latest product fare once they enter the market and mature. This could be an excellent way to generate indirect, passive income from the online gambling industry.
There have been a few hiccups along the way. Still, the rate of development and advancement in the sector has been nothing short of impressive. Developers and stakeholders from various industries have been at the forefront of championing advancements, most of which are user-centered.
Powered by WPeMatico
Latest News
AGHANIM RESEARCH GAUGES DMA AWARENESS AND POTENTIAL IMPACT ON DIRECT-TO-CONSUMER DISTRIBUTION
Aghanim, a mobile gaming fintech company founded by the former CEO and CTO of Xsolla, today reveals fascinating new research among mobile game developers relating to the recently launched Digital Markets Act (DMA).
The research is based on interviews with 300 mobile game developers across the US, UK and Germany in the weeks leading up to the introduction of the Act. The new European Union legislation aims to ensure a higher degree of fairness and competition in European digital markets and designates a number of major tech corporations including Apple and Alphabet (Google) as “gatekeepers”.
The key findings of the study shows:
- 62% of mobile game developers are aware of the Digital Markets Act
- 82% have at least some understanding of how it will impact their business. Almost a fifth (19%) feel they have a complete understanding of the DMA’s impact
- 31% of mobile game developers feel they will have more freedom under the DMA, though just 9% are confident they’ll be able to keep more of their revenue
- Only 13% have ruled out making changes to their payment processes. A third (33%) have begun implementing them
- Awareness of the DMA is highest in Germany (70%), followed by the UK (68%). Less than half (47%) of US developers are aware of the legislation. While the DMA is a European framework, it applies to US developers operating in the EU
Constantin Andry, Co-founder and Co-CEO at Aghanim, commented: “This data shows that there’s an appetite for change among game developers. Yes, the platform holders instigated the $92 billion mobile games industry, but we need to be asking why game developers – the people who make the games – now only see about 10% of this. With direct-to-consumer distribution, there’s an opportunity to ensure a further $18 billion of annualized value remains within the video games industry, with game creators, which will help soften many ongoing issues including layoffs. Otherwise, the business of making mobile games could soon become unviable.”
Konstantin Golubitsky, Co-founder and Co-CEO at Aghanim, added: “The opportunity for game developers is to create a web-based game hub for their titles which provides added value for their most engaged and valuable users, keeping them coming back regularly. Ultimately, players spend where they see the most value, and our goal is to help developers provide them with the greatest value at the lowest cost.”
A key promise of the Digital Markets Act is to provide fairer competition and greater choice to gamers and game studios. However, Apple’s latest business terms introduced a Core Technology Fee which, for many game developers, cancels out the potential benefits of third-party distribution. Despite the game developers being surveyed before the introduction of the Core Technology fee, just 40% said Apple is a positive force for the games industry. 39% were neutral, while 21% felt Apple was having a negative impact. Since the introduction of App Tracking Transparency in 2021, game developers have increasingly explored direct-to-consumer platforms such as browser stores to supplement on-platform monetization with lower-fee options.
An online survey was conducted on behalf of Aghanim by Atomik Research among 305 mobile game developers in the UK (101), Germany (103), and the USA (101). The research fieldwork took place between 18-22 February 2024. Atomik Research is an independent creative market research agency that employs MRS-certified researchers and abides by MRS code.
Latest News
Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program
Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.
This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.
This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.
The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.
The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.
Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.
The post Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program appeared first on European Gaming Industry News.
Golden Matrix Group
Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program
Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.
This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.
This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.
The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.
The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.
Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.
-
Baltics7 days ago
GiG continues regulated market expansion growth, with new launch in Estonia
-
Latest News6 days ago
Games Global and AreaVegas Games unleash the mythical beast in Area Link™ Dragon
-
Alcohol and Gaming Commission of Ontario (AGCO)6 days ago
Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario
-
Compliance Updates5 days ago
Spinomenal is now a registered provider in Peru
-
Africa6 days ago
3 Oaks Gaming to enter South Africa with Supabets
-
eSports5 days ago
Axlebolt and Epic Esports Events announce WINLINE EPIC Standoff 2: Brasil #2
-
Canada5 days ago
Casino Time Elevates Social Gaming in Ontario with Launch of iGaming Website
-
Latest News5 days ago
Paf Focuses on Young People with Loss Limit Change