MetaVerse Casino – Newbie Guide to Decentralized casinos

So we’re all aware of the extremely cool stuff going on in the Metaverse at this very moment and are happy to be the first online casino guide to cover the topic of Metaverse casinos, or Decentralized casinos as they are also called.

This will be a quite comprehensive article that covers the whole topic of how they work, how to get started, the perks and the pitfalls. As Metaverse casino is something that is in fact completely fresh out of the oven, we will be updating this article as we go so let’s get to it!

  • What is the Metaverse?
  • How to Gamble Decentralized
  • Currencies
  • List of Metaverse Casinos
  • Licenses/ Pros and Cons

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What is a Metaverse Casino?

First and foremost, let us give you a brief explanation of what the Metaverse is: A virtual world in which you create your avatar in order to socialize, play games, trade and live an alternative life online. The Metaverse is a big aspect of Web 3.0.

A Metaverse casino is a virtual casino within a Metaverse such as Decentraland that is interactive for its players and played with cryptocurrency.

The casino is often located and hosted in the Metaverse and originates from a popular land-based casino, and operates very much like one. It allows its users to interact with each other, play casino games together and gamble. The players can use a range of tokens to gamble such as DAI, MANA, ETH or similar. In order to play with these tokens, gamblers first need to convert real money from fiat to the given token. We'll talk about how this is done further in this article.

blackjack table at a metaverse casino
Playing blackjack at a Metaverse casino

How to Start Playing at a Metaverse Casino?

Ultimately these are no account casinos as you won’t need to open an account in order to play. You do need to fulfill some other steps, however. The very first step is to find a Metaverse casino that you find appealing and fun. You might want to gear up with a VR or AR headset in order to get the full experience. If you do not have a headset that's ok as it's not a requirement, however.

1: Buy the Cryptocurrency That You’ll Need

As we mentioned earlier, you will need to have accepted tokens at the Decentralized casino as you cannot play with fiat. It might feel a bit frustrating not being able to top up your online casino account like you're used to but this is the whole idea of a Metaverse casino, that it is decentralized. Before you go to one of the suggested crypto exchanges however make sure that you buy the right currently to gamble.

So the first step is ultimately to buy the tokens which can be done from the bigger crypto exchanges such as:

2: Get Metamask

Now you're going to need a wallet that you can connect directly to the Metaverse casino. This is also a wallet to store your cryptocurrency. We recommend you install the Metamask Chrome extension. This is basically an extension wallet that you can use to hold cryptocurrencies as well as NFT’s.
This is how it’s done:

  1. Go to Metamask.io and download it
  2. Add the extension to your Chrome browser
  3. Click on the Fox icon in your extensions
  4. Follow the steps to create a wallet
  5. Write down the seed phrase that you receive and NEVER share it with ANYONE
  6. Buy the tokens or import from another wallet
connect wallet to a metaverse casino

That’s it, you can now start playing at a Decentralized casino.

3: Connect Your Wallet

Once you've gotten Metamask, it is time to connect it to the Metaverse casino of your choice.
There is usually a “Connect Wallet” button or similar where you click in order to link your Metamask wallet to the Decentralised casino. This is a completely safe process as long as you are sure that you are at the right website. I suggest that you double-check the URL before connecting.

You might need to insert your password if this is the first time that you are connecting. Once that is done, you are connected and ready to enjoy decentralized gambling.

Decentralized Casino Games To Play

As the whole idea of decentralized casinos is to be a Metaverse option of traditional land-based casinos, there is a big variety of casino games to play. Once you've converted your fiat to the token that you can use at the Metaverse casino and connected your wallet it's time to play some virtual casino games!

You'll be gladly surprised by the selection! Have a stroll around and navigate your way in the Metaverse before jumping on the first table that you find. It's a true satisfaction to navigate around in a Metaverse casino.

  • Slots
  • Roulette
  • Blackjack
  • Backgammon
  • Lotteries
  • Dice games

What happens is that you create your own character and walk around in the casino and choose what you want to play in a social environment with other players.

Wearable NFT’s – Create Your Virtual Character

While walking around in the Metaverse casino to pick the games that you want to play, you can even do so with wearable NFT’s which is pretty cool. You wouldn't show up at a land-based casino with a simple t-shirt so why do so in the Metaverse?

There are plenty of opportunities to pimp up your character with unique clothing and accessories. You might have heard about the big brands such as Adidas or Nike and their future presence in the Metaverse? The time is now to start buying your wearables and NFT's, it's a growing market that increases in value daily.

The NFT’s can be purchased on marketplaces such as Opensea or won at the casino. Just look at the chart shown below, if this doesn't make you “Bullish” then I don't know what will.

Opensea NFT chart

NFT Casino Sites

Since we touched on the topic of NFT's, we might as well cover the topic of NFT casino sites. Just as a Metaverse casino, NFT gambling sites are also decentralized and do not accept fiat at their sites. Instead, you use NFT's as your currency to place your bets.

The NFT's that you hold in your Coinbase or Metamask wallet are being counted as assets that can increase or decrease in value quite drastically, however. We do not recommend you to gamble with NFT's unless you're 100% aware of the risks. There are NFT casinos such as Rollbit Casino or Gambling Apes Casino where you can buy the NFT in order to become a co-owner of the casino and e the house. This is a new concept that we will definitely see more off in the near future.

Play to Earn Casino – Only in The Metaverse

Play to earn is something completely unheard of among regular online casinos. For those that have been involved in cryptocurrency for some time, however, play-to-earn games are pretty standard.

Decentralized casinos give you the option to play in order to earn their own tokens. As decentral.games for example, where you earn up to 50% of your expected losses back in their own token $DG.

You can then decide what you’d like to do with that token: either buy wearables, stake to earn even more or vote in the DAO to become the house.

Metaverse Casino Sites 2022

Decentral games casino screen shot

Decentral Games

Decentral Games is a Metaverse casino that is powered by $DG and also DAO-governed. Decentral.Games allow you to play everything from Blackjack, Slot machines, Roulette and other casino games on the Metaverse. They are pretty much first to market with their casino and support some of the most mainstream blockchain tokens for deposits and withdrawals. As a player on Decentral Games, you also get rewarded with DG coins for playing their games.

  • Founded: 2021
  • Currency: $DG
  • URL: decentral.games
  • Rating: 9/10

Decentraland Casino

Decentraland is a completely decentralized virtual universe for social interaction and basically a Matrix of opportunities. In the middle of Decentraland, there is in fact a crypto casino where players can meet virtually and gamble together by using the token MANA.

All possible casino games can be found from Metaverse game providers such as Chateau Satoshi or Tominoya.

  • Founded: 2015
  • Currency: MANA
  • URL: decentraland.org
  • Rating: 8/10

The Sandbox Game

The Sandbox casino is still under development and they have not yet officially released their Metaverse casino. However, they've partnered up with massive brands such as Adidas, Atari, Snoop Dogg and Deadmaus already to build the biggest Metaverse casino and ultimately call it Sand Vegas club.

  • Founded: TBA
  • Currency: SAND
  • URL: Sandbox.Game
  • Rating: N/A

MetaHero Casino

Metahero brand itself as “The gateway to the Metaverse” and has taken big steps already in augmented reality. The plan is to recreate yourself in the Metaverse. Gaming and casino are said to be among their biggest focuses where you'll be able to gamble using their own currency: HERO tokens.

  • Founded: 2021
  • Currency: HERO
  • URL: Metahero.io
  • Rating: N/A

Explore More Online Casino Types

Licenses and Regulations

Just like NFT's, Cryptocurrencies and ALT coins regulations around Metaverse casinos are a bit fuzzy and unclear. No doubt that this type of online gambling is futuristic and innovative. We're a little bit concerned about the gap in terms of regulations as we're still in the very early days of this technology. That being said, we're fast adopters at Topnoaccountcasinos and eager to try the latest before anybody else. There are two facts that we'd like to highlight here:

  • Some of the Decentralised casinos hold a valid Curacao license, the very same license as the crypto casinos we mentioned in our top list.
  • Decentralized casino games are coded as such that they cannot be rigged or controlled in any way.

Taking these points into account, we wouldn't recommend you gamble with a big chunk of money at Metaverse casinos just yet. What we can recommend you is to try them out with funds that you can afford to lose.

Pros

  • Decentralized casino games that cannot be rigged
  • Low House Edge
  • Play to earn options
  • Staking options to earn more coins

Cons

  • Uncertain Regulations
  • Coins are high volatile
  • No customer support
  • Might take time for the non-crypto savvy

Summary

We’d first and foremost like to announce that this is not in any matter financial advice and that gambling on Metaverse casinos can be highly addictive. We’ve gathered the information after weeks of research and are yet on the lookout for more information on the topic.

We find this way of social gambling very fun and different, this might be the future of online gambling but as it’s still not completely regulated we’ll stick to what we the online casinos that we know. We urge you to read more on the topic and do your homework before you start gambling on the Metaverse.

Share your thoughts and experiences on Twitter below on the topic of Metaverse casinos!

Last Updated on March 23, 2022 by Max Deranker