From Blockchain to NFTs: How Emerging Tech Was Spotlighted at iGaming Events in 2024

To guarantee a better gaming experience, software developers and casino operators use iGaming summit platforms to launch new gaming tech. At these events, attendees get first-hand knowledge of how new tech helps improve their online gambling experience. Some operators, like the Vulkan casino , can te st virtual reality games and features by projecting them on huge high-definition screens where everyone can see how they work or boast of any other innovations. The aim of such events is to demonstrate enhanced functionalities used in each game for more immersive experiences. Find out which of these emerging tech innovations stole the spotlight at 2024 online gaming events.

Top Technologies on Show at iGaming Conferences in 2024

So far, many virtual gaming conferences have captivated our attention this year. The following are salient points we've heard many speakers emphasize at such events.

Crypto & Blockchain in iGaming

Crypto gamblers form a significant percentage of iGaming gross revenue annually. If such payment and withdrawal options aren't safe and secure, players won’t be comfortable using them. By infusing blockchain technology into iGaming, gamblers can make money using crypto assets on these platforms. If you’ve ever asked — is crypto safe for betting online? Then, you should compare the hurdles of other traditional payout options. Betting websites that accept crypto offer low transaction costs, which makes sense to the average player.

With crypto widely accepted on gambling sites today, casino operators can tap into the global betting market. This helps the player and business owner eliminate restrictions on payments or payouts in fiat currencies. Seeing these possibilities, it's no wonder that crypto in casino fun was a dominant topic this year.

Non-Fungible Tokens (NFT)

NFTs are online artistic assets you can own, hold, and monetize, which sound perfect for games. As such, they have been a hot topic at numerous online gaming conventions this year. NFTs enable the true ownership of in-game assets, allowing players to buy, sell, and trade items across different titles and platforms. What this means is a player-driven economy where you can monetize your skills and creativity. For example, rare items like skins, weapons, and virtual properties can be tokenized as NFTs.

The integration of NFTs into the metaverse was another key theme at these events. Courtesy of NFTs, the multiverse — a virtual universe where players can interact, socialize, and play —  is becoming a reality. These tokens form the foundation for a decentralized, player-owned economy within the metaverse, offering new opportunities for engagement and revenue generation.

VR & AR

With this evolution, we now have high-functioning VR casinos and AR video games, making online and offline gaming a lot of fun. Both tech products were on display at many events, where they showed how much influence they have on the player's imagination and overall experience. Common examples of the VR & AR features can be seen in 3D virtual avatars and the following video games:

• Jurassic World Alive;
• Ingress;
• Pokémon Go;
• Walking Dead.

Emerging tech like VR & AR help bettors have interactive experiences, especially in multiplayer games. Another trend that has unexpectedly contributed to the industry is Metaverse — causing players to create their own characters, which is a lot of fun.

AI & Machine Learning in iGaming

Artificial intelligence and machine learning contribute rapidly to social gaming in general. Therefore, speakers at iGaming events have constantly pointed out how machine learning and AI in gaming enhance tailoring player experience. Bookmakers and investors also use the tech-savvy approach when investing in marketing and product design. They only push out products and advertising materials that resonate with everyday gamers.

These are two major ways betting operators infuse machine learning and artificial intelligence into their services. They were both on display at this year's conferences:

• Chatbots & virtual assistant:  From registration to payouts, players need help from customer reps while playing. Without instant responses to queries, a player could lose the little edge they have over winning a stake;
• Responsible gambling measures: Artificial intelligence helps players identify potential problematic gambling patterns.

5G Mobile & Easy-To-Use Web Apps

Casino games top the trend of fast-growing mobile gaming genres. That's because, as these events proved, the industry can now perform wonders with 5G. We saw how it works on reduced latency and guarantees faster speeds during games. Most virtual reality gaming options rely solely on 5G technology at online casinos — eliminating lagging, especially during multiplayer games.

Web apps require strong connectivity for a better experience. The combination of 5G and progressive web apps makes staking at live auctions, sporting events, and live casino games seamless.

Take Advantage of Emerging Tech Breakthroughs to Enjoy Better Gaming!

The gambling industry generates a lot of revenue from new and existing players annually. It only makes sense that investors and casino operators give gamers better gaming experiences in return. With the help of AR, VR, machine learning, crypto, and blockchain in iGaming, players can now rest assured of an overall gaming experience. Want to learn more about these various technologies and their impacts? Consider checking out the keynotes of 2024’s most popular iGaming congresses!