{"id":386332,"date":"2025-03-04T09:17:54","date_gmt":"2025-03-04T09:17:54","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=386332"},"modified":"2025-03-04T09:17:54","modified_gmt":"2025-03-04T09:17:54","slug":"why-nfts-are-perfect-for-crypto-web3-casinos","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/why-nfts-are-perfect-for-crypto-web3-casinos","title":{"rendered":"Crypto Casinos &#038; NFTs: A Match Made in Decentralized Heaven?"},"content":{"rendered":"<p>How much does a non-fungible token (NFT) weigh? It\u2019s hard to pin down. A single byte of data weighs <a href=\"https:\/\/www.nytimes.com\/2011\/10\/25\/science\/25qna.html?_r=0\" target=\"_blank\">one quintillionth of a gram<\/a>. A typical NFT takes up about 100 mb \u2013 so about 100 million quintillionths.<\/p>\n<p>That\u2019s not a lot, yet non-fungible tokens have a heft that maths alone can&#8217;t calculate: cool factor, cachet, collectability, and a certain talismanic appeal.<\/p>\n<p>Those are intangibles some casino marketers are transmuting into stickier gaming experiences and more repeat business.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h2><span id=\"key_takeaways\">Key Takeaways<\/span><\/h2>\n<ul>\n<li>Retaining players and minimizing churn is vital to the long-term success of any iGaming business.<\/li>\n<li>Crypto and Web3 casinos may have found a unique way to use NFTs as a loyalty booster.<\/li>\n<li>NFTs are singular, scarce, programmable, tradeable, and very much of-the-moment.<\/li>\n<li>They can enhance the online betting experience by giving players special privileges, access, and rewards.<\/li>\n<li>Tokens can also become the basis for members-only internal marketplaces, where access can only be gained by playing, earning, and trading tokens for NFTs.<\/li>\n<li>Then NFTs can be accumulated, sold, swapped, or proudly displayed as virtual swag.<\/li>\n<\/ul>\n<\/div><\/div>\n<div>\n    <section class=\"toc-sticky w-100 bg-white \">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\"\n                 aria-controls=\"multiCollapse1\"\n                 data-bs-target=\"#multiCollapse1\">\n                <button\n                        class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\"\n                >\n                    <i class=\"icon-chevron-up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n                <span class=\"toc-main-title-permanent\">Table of Contents<\/span>\n            <\/div>\n            <div\n                    class=\"collapse my-3\"\n                    id=\"multiCollapse1\"\n            >\n                <ol class=\"StepProgress\">\n                                                                        <li class=\"StepProgress-item current\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"key_takeaways\"\n                               onclick=handleScrollToTitle(\"key_takeaways\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Key Takeaways<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"worth_their_weight_in_loyalty\"\n                               onclick=handleScrollToTitle(\"worth_their_weight_in_loyalty\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Worth Their Weight in Loyalty<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"binding_players_to_the_brand\"\n                               onclick=handleScrollToTitle(\"binding_players_to_the_brand\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Binding Players to the Brand<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"embracing_tokenomics\"\n                               onclick=handleScrollToTitle(\"embracing_tokenomics\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Embracing Tokenomics<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"charming_customers_with_nfts\"\n                               onclick=handleScrollToTitle(\"charming_customers_with_nfts\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Charming Customers With NFTs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"challenges_concerns\"\n                               onclick=handleScrollToTitle(\"challenges_concerns\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Challenges &amp; Concerns<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"future_innovations\"\n                               onclick=handleScrollToTitle(\"future_innovations\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Future Innovations<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"the_bottom_line\"\n                               onclick=handleScrollToTitle(\"the_bottom_line\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">The Bottom Line<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"faqs\"\n                               onclick=handleScrollToTitle(\"faqs\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"references\"\n                               onclick=handleScrollToTitle(\"references\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">References<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                    <\/ol>\n                <div class=\"toc-sticky__container__disperse\"><\/div>\n                <div class=\"toc-sticky__btn-top justify-content-center\">\n                    <button class=\"btn btn-link d-flex align-items-center\" onclick={btnTop()}><p>Show Full Guide<\/p><img decoding=\"async\"\n                                src=\"\/wp-content\/plugins\/table-of-contents\/assets\/images\/arrow-up-circle.svg\"\n                                alt=\"arrow-up-circle\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n    <div class=\"toc-sticky-list\">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\" aria-controls=\"multiCollapse2\" data-bs-target=\"#multiCollapse2\">\n                <button class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\">\n                    <i class=\"icon-chevron-up up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n            <\/div>\n            <div  class=\"collapse my-3\" id=\"multiCollapse2\">\n                <ol class=\"StepProgress\">\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item current \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"key_takeaways\"\n                                   onclick=handleScrollToTitle(\"key_takeaways\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Key Takeaways<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"worth_their_weight_in_loyalty\"\n                                   onclick=handleScrollToTitle(\"worth_their_weight_in_loyalty\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Worth Their Weight in Loyalty<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"binding_players_to_the_brand\"\n                                   onclick=handleScrollToTitle(\"binding_players_to_the_brand\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Binding Players to the Brand<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t\n\t\t\t\t\t\t <span class=\"show_moretoc\">Show Full Guide<\/span>\n\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"embracing_tokenomics\"\n                                   onclick=handleScrollToTitle(\"embracing_tokenomics\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Embracing Tokenomics<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"charming_customers_with_nfts\"\n                                   onclick=handleScrollToTitle(\"charming_customers_with_nfts\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Charming Customers With NFTs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"challenges_concerns\"\n                                   onclick=handleScrollToTitle(\"challenges_concerns\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Challenges &amp; Concerns<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"future_innovations\"\n                                   onclick=handleScrollToTitle(\"future_innovations\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Future Innovations<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"the_bottom_line\"\n                                   onclick=handleScrollToTitle(\"the_bottom_line\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">The Bottom Line<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"faqs\"\n                                   onclick=handleScrollToTitle(\"faqs\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FAQs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                     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pageLegend.classList.remove('overflow-auto');\n        pageLegend.style.height = 'auto';\n        window.scrollTo({\n            top: 0,\n            behavior: 'smooth'\n        });\n    }\n\n    const handleScrollToTitle = (id) => {\n        const el = document.getElementById(id);\n        const headerHeightDifference = window.innerWidth < 992 ? -30 : -15;\n        window.scrollTo({\n            top: el.offsetTop - 60 - headerHeightDifference - 10,\n        });\n    }\n<\/script>\n\n<h2><span id=\"worth_their_weight_in_loyalty\">Worth Their Weight in Loyalty<\/span><\/h2>\n<p>NFTs and gambling seem made for one another. Both deliver outcomes driven by the hot desire for winnings and the cold logic of supply and demand. The difference between the <a href=\"https:\/\/dappgambl.com\/nfts\/dead-nfts\/\" target=\"_blank\">95% of NFTs considered worthless<\/a> and a <a href=\"https:\/\/www.bbc.com\/news\/entertainment-arts-56368868\" target=\"_blank\">$69 million encrypted .jpeg<\/a> is down to chance, dictated by a complex interplay of odds and shifting cultural variables. Easier to just call it \u2018luck.\u2019<\/p>\n<p>When luck is associated with an object, the object gains special significance. In an online casino environment, NFTs could be a virtual rabbit\u2019s foot or a badge of honor bestowed on a select few.<\/p>\n<p>Savvy <a href=\"https:\/\/www.techopedia.com\/payments\/best-bitcoin-sports-betting-sites\">crypto and Web3 betting sites<\/a> are using the built-in scarcity, uniqueness, and technical capabilities of NFTs to make the gambling experience more aspirational \u2013 and more personal \u2013 to keep players engaged and hungry for more.<\/p>\n<h2><span id=\"binding_players_to_the_brand\">Binding Players to the Brand<\/span><\/h2>\n<p>Think of NFTs as digital VIP lanyards. They give players special access to certain areas and verifiable rights to certain rewards. Players display them for exclusive privileges or embellish them with seals and stickers earned after repeated plays. The house controls what they do and how they\u2019re used by coding in rules and use-by dates.<\/p>\n<p>That opens the door to inventive <a href=\"https:\/\/www.techopedia.com\/crypto-gambling-trends\">new gambling experiences<\/a> enabled by the blockchain technology NFTs are built with:<\/p>\n<h3>1. More Ways to Win<\/h3>\n<p>NFTs can be collected and kept in a virtual treasure chest that players can dip into at their convenience. For instance, after 10 plays of an online slot machine, a player might earn an NFT that can be redeemed later for a gift or used immediately for an upgrade to their luck level.<\/p>\n<h3>2. Adding Digital Memories<\/h3>\n<p>Even after it has been created, an NFT can have new content attached to it, perhaps to verify participation or attach a memory. After a notable win or action-packed session, the NFT could have the payout displayed or add a souvenir photo of the player.<\/p>\n<h3>3. Trading &amp; Upgrading<\/h3>\n<p>Because NFTs can be shared, transferred, and traded, crypto and Web3 casinos can create their own internal economies and allow players to swap what they have or purchase more on member-only marketplaces, enabling them to gain access to higher-level rewards.<\/p>\n<h3>4. Programming Control<\/h3>\n<p>By using blockchain smart contracts, a casino could, if it wanted to, take a transaction fee for selling an NFT or cap the number of times it&#8217;s traded. Rewards could be set to expire on a certain date or deliver additional benefits at off-peak playing periods.<\/p>\n<h2><span id=\"embracing_tokenomics\">Embracing Tokenomics<\/span><\/h2>\n<p>There could also be an opportunity to create bespoke, casino-branded cryptocurrencies and build an internal economy around them. For example, a Web3 casino could create its own native tokens and allow players to earn them through repeated play or by taking part in specific promotions.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<p>These mini-cryptocurrencies could be used to obtain NFTs, unlock VIP games, win exclusive rewards, or achieve higher loyalty status \u2013 giving players added incentive to keep going.<br \/>\n<\/div><\/div>\n<p><strong>Lisa JY Tan, an economist specializing in blockchain and token market dynamics<\/strong>, <a href=\"https:\/\/www.linkedin.com\/pulse\/nfts-gaming-good-bad-profitable-lisa-jy-tan\/\" target=\"_blank\">says<\/a>:<\/p>\n<blockquote><p>\u201cNFTs provide players with proof of ownership and authenticity of their in-game items. This can create a sense of exclusivity and scarcity \u2026 encouraging them to invest more time and resources into the game to acquire valuable items.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ In Web3, the game changes. Tokens aren&#39;t just shares\u2014 they capture different types of value: utility, speculative potential, community access, or future benefits. <\/p>\n<p>But the core rule remains: *value takes time to establish*.<\/p>\n<p>This value is what we call *intrinsic value*.<\/p>\n<p>&mdash; Lisa JY Tan \u27a1\ufe0f Consensus HK &amp; ETH Denver (@lisajytan) <a href=\"https:\/\/twitter.com\/lisajytan\/status\/1853813891786227779?ref_src=twsrc%5Etfw\" target=\"_blank\">November 5, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span id=\"charming_customers_with_nfts\">Charming Customers With NFTs<\/span><\/h2>\n<p>In a case study published on the Mintology website, Las Vegas-based <a href=\"https:\/\/www.stationcasinos.com\" target=\"_blank\">Station Casinos<\/a> explained how it deepened its connection with high-value players through a loyalty campaign centered around NFTs.<\/p>\n<p>The company created a series of collectable \u2018good luck charm\u2019 NFTs available only to members of its Boarding Pass loyalty scheme, allowing them to access unique rewards and customize their playing experiences. The NFT charms were color-coded based on the level of difficulty (\u2018luck levels\u2019 in the program&#8217;s parlance) required to obtain them.<\/p>\n<blockquote class=\"instagram-media\" data-instgrm-permalink=\"https:\/\/www.instagram.com\/reel\/CqdRFwzJTWV\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\"background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);\">\n<div style=\"padding: 16px;\">\n<p><a href=\"https:\/\/www.instagram.com\/reel\/CqdRFwzJTWV\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\"background: #FFFFFF; line-height: 0; padding: 0 0; text-align: center; text-decoration: none; width: 100%;\" target=\"_blank\" rel=\"noopener\"> <\/a><\/p>\n<div style=\"display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display: block; height: 50px; margin: 0 auto 12px; width: 50px;\"><svg width=\"50px\" height=\"50px\" viewbox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\"color: #3897f0; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: 550; line-height: 18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #f4f4f4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg);\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\"width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\"background-color: #f4f4f4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\"width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\"background-color: #f4f4f4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; line-height: 17px; margin-bottom: 0; margin-top: 8px; overflow: hidden; padding: 8px 0 7px; text-align: center; text-overflow: ellipsis; white-space: nowrap;\"><a href=\"https:\/\/www.instagram.com\/reel\/CqdRFwzJTWV\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\"color: #c9c8cd; font-family: Arial,sans-serif; font-size: 14px; font-style: normal; font-weight: normal; line-height: 17px; text-decoration: none;\" target=\"_blank\" rel=\"noopener\">A post shared by STN Charms (@stncharms)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n<p>The hierarchy gave the NFTs an injection of excitement and the company says customer engagement improved as a result, particularly with slot machine play. Once obtained, Boarding Pass members could buy, sell, or display their NFTs.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<p>The result? Over 250,000 boarding pass members have created \u2018charm boxes\u2019 to hold their NFTs, and <strong>over 1.6 million<\/strong> of <a href=\"https:\/\/stncharms.com\/charms\/marketplace\/dashboard\" target=\"_blank\">the branded NFTs<\/a> have been earned.<br \/>\n<\/div><\/div>\n<p>The campaign improved engagement with Boarding Pass members, Station says, particularly those in the premium \u2018Chairman\u2019 tier, strengthening their loyalty to the company\u2019s iGaming brand.<\/p>\n<h2><span id=\"challenges_concerns\">Challenges &amp; Concerns<\/span><\/h2>\n<p>While Station\u2019s NFT charm offensive looks to have delivered the goods, NFTs aren\u2019t entirely user-friendly. There are also issues with governance to iron out if they\u2019re going to see mainstream iGaming adoption.<\/p>\n<h3>Regulatory Rules Are Still in Flux<\/h3>\n<p>Uncertainty about the regulatory environment for NFTs in different jurisdictions needs to be addressed.<\/p>\n<p>The recent Crypto directive from the Trump White House gives new impetus to create a clear framework of rules and definitions, and for defining how future US crypto regulation will align internationally with regimes like the EU\u2019s MiCA regulation. After years of uncertainty, 2025 will hopefully bring clarity.<\/p>\n<h3>User Experience Is a Barrier<\/h3>\n<p>Perceptions that NFTs are complicated to work with could dull player enthusiasm.<\/p>\n<p>Buying mainstream NFTs can be a byzantine process that non-technical users already find maddening: purchasing crypto on an exchange, moving it to a wallet, connecting the wallet to an app, connecting the app to a marketplace, all within the inflexible rules defined by smart contracts.<\/p>\n<p>After dozens of Google Searches about gas fees, the average iGamer might give up. Web3 and crypto casinos will need to make the NFT user experience simple and frictionless.<\/p>\n<h3>High Transaction Fees<\/h3>\n<p>Most NFTs run on the Ethereum blockchain, and the computing-intensive processes used to verify transactions on the network can extract a heavy cost. The \u2018gas fees\u2019 paid to miners for processing transactions can be expensive.<\/p>\n<p>While Ethereum and NFT exchanges like OpenSea have taken steps to reduce them, casinos might look to other blockchains that charge less for \u2018minting\u2019 their proprietary NFTs.<\/p>\n<h3>Carbon Footprint<\/h3>\n<p>Blockchains and transaction processing also take a toll on the environment through heavy electricity consumption.<\/p>\n<p>When firms like Entain have promised to be carbon-neutral by 2035 and others like DraftKings have committed to planting one million trees, green concerns are very much top-of-mind in the gambling industry.<\/p>\n<p>How further blockchain adoption can be balanced with ESG commitments remains to be seen.<\/p>\n<h2><span id=\"future_innovations\">Future Innovations<\/span><\/h2>\n<p>Loyalty programs aren&#8217;t the only place where NFTs could fit into Crypto\/Web3 casino models. Parallel development in the video gaming market could spill over into iGaming as well.<\/p>\n<h3>Play-to-Earn (P2E)<\/h3>\n<p>Taking a page from blockchain games like Axie Infinity and their proprietary internal trading economies, the play-to-earn (P2E) approach could see wider casino adoption.<\/p>\n<p>In P2E, players can earn real-world rewards simply by putting in the time, giving the wagering experience a new economic dimension. Axie Infinity players can gather valuable NFTs and native tokens as they play.<\/p>\n<p>In iGaming, time spent in the casino could arguably become a potential income source, win <i>or<\/i> lose.<\/p>\n<h3>Virtual &amp; Augmented Reality<\/h3>\n<p>Building <a href=\"https:\/\/www.techopedia.com\/virtual-reality-vr-casino-future\">virtual casinos in the metaverse<\/a> could be a way to blend the best of in-person and digital gambling online.<\/p>\n<p>NFTs could become part of a more immersive iGaming experience where players interact, play, and trade in a 3D environment, arguably making virtual rewards more \u2018real\u2019 and appealing.<\/p>\n<h2><span id=\"the_bottom_line\">The Bottom Line<\/span><\/h2>\n<p>In the online gambling world, players <a href=\"https:\/\/digitalscholarship.unlv.edu\/cgi\/viewcontent.cgi?article=1354&amp;context=grrj\" target=\"_blank\">routinely churn<\/a> from one site to the next. Incentivizing them to stick around is vital to success.<\/p>\n<p>But standard retention tactics can be off-putting. A study from Optimove found that <a href=\"https:\/\/www.optimove.com\/lp\/optimove-report-2023-bettors-preferences-in-igaming-marketing\" target=\"_blank\">86% of players leave online betting sites<\/a> due to the hailstorm of emails, texts, and push notifications that characterize traditional marketing campaigns.<\/p>\n<p>A typical email weighs about <a href=\"https:\/\/www.discovermagazine.com\/technology\/how-much-does-the-internet-weigh\" target=\"_blank\">two ten-thousandths of a quadrillionth<\/a> of an ounce. That\u2019s not a lot, but send enough of them, and they\u2019ll do more harm than good.<\/p>\n<p>A key benefit of NFTs is a sense of ownership. By offering players NFTs linked to their casino accomplishments, crypto and Web3 casino operators can create a stronger emotional bond. When players feel invested in their gaming identity and ecosystem, they may well be more likely to give the digital wheel another spin.<\/p>\n<h2><span id=\"faqs\">FAQs<\/span><\/h2>\n<div class=\"man_faq_sec\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><\/time><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">How are NFTs used in gambling?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Crypto and Web3 casino operators have used NFTs to improve customer retention by embedding them in loyalty programs, where they can be exchanged for gifts and other exclusive benefits.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Do online casinos accept crypto?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Wagering and payments in cryptocurrencies are now common in online casinos, but they are not universally accepted yet.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What is the difference between a crypto casino and an online casino?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Crypto casinos and decentralized Web3 casinos were created with crypto and blockchain in mind, so they remain distinct from traditional or mainstream online gambling sites.<\/p>\r\n                <\/div><\/div><\/section>\n<div class=\"reference-content\">\n<div class=\"reference-heading reference-content-collapsible-heading\">\n<h2><span id=\"references\">References<\/span><\/h2>\n<\/div>\n<div class=\"reference-content-body\">\n<ol>\n<li><a href=\"https:\/\/www.nytimes.com\/2011\/10\/25\/science\/25qna.html?_r=0\" target=\"_blank\">When an E-Reader Is Loaded With Books, Does It Gain Weight?<\/a>\u00a0(The New York Times)<\/li>\n<li><a href=\"https:\/\/dappgambl.com\/nfts\/dead-nfts\/\" target=\"_blank\">95% of NFTs are Dead &#8211; Trends, Predictions &amp; Statistics 2025<\/a> (DappGambl)<\/li>\n<li><a href=\"https:\/\/www.bbc.com\/news\/entertainment-arts-56368868\" target=\"_blank\">Everydays: The First 5000 Days &#8211; Will Gompertz reviews Beeple&#8217;s digital work<\/a>\u00a0(BBC)<\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/pulse\/nfts-gaming-good-bad-profitable-lisa-jy-tan\/\" target=\"_blank\">NFTs and Gaming: the Good, the Bad, and the Profitable<\/a>\u00a0(Linkedin)<\/li>\n<li><a href=\"https:\/\/www.stationcasinos.com\" target=\"_blank\">Las Vegas Hotels &amp; Resorts<\/a>\u00a0(Station Casinos)<\/li>\n<li><a href=\"https:\/\/stncharms.com\/charms\/marketplace\/dashboard\" target=\"_blank\">Featured Charms<\/a>\u00a0(STN Charms)<\/li>\n<li><a href=\"https:\/\/digitalscholarship.unlv.edu\/cgi\/viewcontent.cgi?article=1354&amp;context=grrj\" target=\"_blank\">Customer Retention: Reducing Online Casino Player Churn<br \/>\nThrough the Application of Predictive Modeling<\/a> (UNLV Gaming Research &amp; Review Journal)<\/li>\n<li><a href=\"https:\/\/www.optimove.com\/lp\/optimove-report-2023-bettors-preferences-in-igaming-marketing\" target=\"_blank\">Optimove Report: 2023 Bettors\u2019 Preferences in iGaming Marketing<\/a> (Optimove)<\/li>\n<li><a href=\"https:\/\/www.discovermagazine.com\/technology\/how-much-does-the-internet-weigh\" target=\"_blank\">How Much Does The Internet Weigh?<\/a> (The Magazine)<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>How much does a non-fungible token (NFT) weigh? It\u2019s hard to pin down. A single byte of data weighs one quintillionth of a gram. A typical NFT takes up about 100 mb \u2013 so about 100 million quintillionths. That\u2019s not a lot, yet non-fungible tokens have a heft that maths alone can&#8217;t calculate: cool factor, [&hellip;]<\/p>\n","protected":false},"author":286786,"featured_media":386361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[2180],"tags":[],"category_partsoff":[],"class_list":["post-386332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why NFTs Are Perfect for Crypto &amp; Web3 Casinos- Techopedia<\/title>\n<meta name=\"description\" content=\"Learn how crypto and Web3 betting sites use NFTs to create virtual economies and internal marketplaces to enhance the online gambling experience.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techopedia.com\/why-nfts-are-perfect-for-crypto-web3-casinos\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Casinos &amp; 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