The gambling industry is one of the fastest transforming sectors which is fueled by huge competition and new technology. Over the last couple of decades, the speed of innovation has increased greatly which is mainly due to the inventions of the internet, smartphone, and blockchain. In this article, I will talk about the latest gambling trends for 2021 along with where the sector is heading in the future.
Faster Internet Means Better Gaming Experience
5G technology is being rolled out around the world which will make a massive difference in our daily lives. It will mean that data can be transferred to a device connected to the internet almost immediately. Gambling companies like Ufabet are creating highly detailed complex games especially for 5G technology. At present one of the limiting factors is that internet connections cannot have massive size files. It creates lagging and if you have a bad internet connection you will not be able to stream live.
eSports Gaming Gone Into Hyperdrive
The lockdowns around the world have meant that many have turned to console gaming to relieve boredom. The eSports industry was already booming before this but now it is on hyperdrive. Many are trying to use their gaming skills on games such as FIFA to bet against other players and compete live against each other online. It is also popular to bet on other players along with teams that compete in the world’s largest events.
Blockchain Gaming Development On The Rise
The blockchain is not only a place for transferring and storing digital money but it can also be used for a wide range of things. Developers now have been using this technology to create the next generation of gambling games. It is done by instead of betting transactions being processed centralized which can be open to manipulation, they are processed over the decentralized blockchain. A copy of each transaction is publically available and this new type of gambling is called “Provably Fair”
Bitcoin Gambling Transactions SkyRocketing
The price of Bitcoin is currently skyrocketing and is more than double its previous record already at the start of the year. It has made many people extremely wealthy and online casinos are desperate to get their hands on this newfound wealth. That is why most now accept at least bitcoin as part of their financial options along with it presenting them with cost savings.
The major developments that are happening in 2021 in 5G and blockchain technology. Both of these combined will completely transform the gaming industry and we will see this move forward fast over the coming years. The pandemic is slowing down many projects but now many companies are getting a structure in place so that working from home does not delay ongoing work. The habits of consumers are rapidly changing due to the world’s current situation so expect to see casinos and sports betting companies concentrate their efforts online as the land-based model is dead.