How tech startups are disrupting iGaming and online casino sphere

The gaming industry is one of the most exciting places to look for new tech innovations. In over two decades since its creation, the iGaming industry has enjoyed explosive growth. With the explosion of smart devices, online gamers now have convenient and exciting ways to bet on sports, play classic casino games, and wager modern video slots.

But as new technologies like blockchain become available, there is a paradigm shift and new innovative tech startups are beginning to join the space and compete with big players. The sudden explosion of non-fungible tokens (NFTs) has led to the introduction of blockchain-powered games like Crypto Kittie’s games, which open new rewards for players and monetization opportunities for startup companies.

As competitions heat up, new startups are also betting on cryptocurrency in games. Some of these startups have created their own currency to offer as rewards to loyal players. However, big players are also acquiring new startups to expand their footprint and dominate the gaming market. Just last month, for example, DraftKings acquired Israeli global jackpot and gaming startup BlueRibbon as part of its effort to offer personalized promotions and rewards tailored to the individual customer or jackpots that payout across its various product offerings.

Apart from offering promotions and rewards to players, new startups also focused on improving the sports betting experience. Some players prefer an anonymous betting approach to keep themselves out of the spotlight.

However, launching an online gaming business is not without risks. Just as a game player have a stalking plan, a method that helps them determine how much money you should risk on a wager, a startup venturing into the online gaming space should also consider the associated risks. So, try to stick to your overall staking plan.