Crypto-currencies exclusively dedicated to online gambling reportedly have a current aggregated value of more than $100 million and this market is expected to become increasingly lucrative thanks to the emergence of even more block-chain platforms.
FunFair Technologies leads the way:
According to a report from European Gaming Media and Events citing an inquiry from crypto-currency and block-chain gaming information portal, CryptoGamblingNews.com, the ten most popular gambling-focused digital currencies already have a combined value of around $86.7 million. This market is purportedly dominated by the United Kingdom’s FunFair Technologies thanks to its tokens holding an aggregated value of about $29 million.
Other large players in the gambling-focused crypto-currency sector include the decentralized sportsbetting platform from Wagerr.com with an estimated $15.1 million in tokens while its online casino counterpart at Edgeless.io is not far behind thanks to its service with a pooled worth of approximately $12.5 million.
However, there are dozens of other lesser known gambling-friendly crypto-currency providers with the sector as a whole said to be currently holding a collective value in excess of $100 million. Although this is significantly down on January of last year when the entire market was said to have held a combined value of $1.5 billion. It is believed that the demand for such coins will now rise due to ‘the emergence of a handful of platforms that are finally live and accepting wagers in these crypto-currencies.’
Reportedly read a statement from CryptoGamblingNews.com…
“Gambling remains a key early use case for crypto-currencies and block-chain technology. We are seeing these projects implementing some fantastic features that are simply not possible with fiat currencies such as provably fair games, full decentralization and near-instantaneous withdrawals.”