Cryptos Platform logo Cryptos Platform logo
NewsBTC 2021-11-18 12:23:25

Slotie NFT is Building Community to Reshape Gambling Industry

According to reports, the gambling industry is worth billions of dollars. The gambling industry was estimated to have a market cap of 53.7 billion USD in 2019 and to grow at an 11 percent annual rate from 2020 to 2027. Although gambling has been a popular social activity since the 9th century in China, to the 17th-century card game, poker, the internet has significantly impacted the gambling sector based on the Persian game As- Nas. Online casinos and online gambling have become very popular in today’s world, and they have played a significant role in increasing the gambling sector’s market capitalization and driving user growth. With the introduction of blockchain technology, the online gambling industry appears to be poised for another surge. The gambling industry is currently highly centralized, which has resulted in a lot of friction between users and online casinos, betting companies, and so on. The use of blockchain technology eliminates the need for an intermediary to place bets. This article will look at Slotie, a fast-paced blockchain-based online casino, and how it intends to redefine the gambling industry. The Current State Of Online Gambling Currently, the gambling industry is highly centralized, with bookmakers deciding the fate of users in the gambling world. Over the years, numerous reports have been filed against online gambling companies for questionable and unfair practices. There have been report...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.