|
Getting your Trinity Audio player ready...
|
BetProtocol is now allowing individuals to launch gaming platforms in a space of few minutes. BetProtocol came into play in 2019 through its Portugal based team.
The gaming platform allow the requirement of coding redundant. However, with the coming of blockchain technology these platforms are very safe and they have triggered the coming of Social Casino gaming online.
However, since FOMO week has started, BetProtocol has went on and release it latest gaming module “The Social Casino.” This new gaming platform will assist in unlocking an enormous $5.5 billion market.
There is no doubt that social casinos are booming. And there is real possibility that you can launch your own. Last year the social casino market was $5.5 billion, and there is a high probability that it is set to grow 7% per year.
The good news is that there is now a solid plan that will enable social casino growth in the online gambling trade. And its good thing that BetProtocol is now initiating it to attract more real money gamblers.
There has been a strategy of developing top-class software focusing on social casino games. This has been the development:
Revenues growing 83% year-over-year to $13 million- Leading Apps Revenues increasing 282% to $11 million
- Net loss decrease 52% year-after-year to $265K.
The Real Definition of Social Casinos
A lot of individuals have their own definition of a social online casino. The reason being that a lot of social casinos are merely available in different flavours. There are moments whereby you will come across a very extensive presence of social casinos online all over the world.
Social casinos have become very popular that they are likely to grow at a very steady rate. And maybe that is the main reason BetProtocol has made a move in making sure they add social casino to their casino gaming technology.
However, players need to keep in mind that social casinos do not have betting currencies of real value. This means that users will be able to play casino games without wagering any real money. Therefore, players will be able to receive free chips during a gameplay.
How Social Casino Make Money
Since players do not really wager real money at social gambling one would wonder how do the casino makes money then. Well, the casinos make money via advertising, in-game purchase of virtual goods, these may include; clothes for avatars, badges or VIP status, product placement, and many others.
Conclusion
During this period of lockdown, we are all stuck in doors and there are moments you feels like you miss playing casino games with your friends. Most casinos are closed and there is no movement whatsoever. Simply make use of social casino and engage with your friends for some amazing gambling extravaganza.