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The iGaming world has grown significantly in the past decade, creating exciting prospects for both players and industry professionals. The industry reports reveal its significant expansion in the upcoming years: the market was valued at $63.53 billion in 2022 and is expected to grow at a CAGR of 11.5% from 2023 to 2030. The industry’s future in 2024 and beyond looks bright, so let’s explore the key trends and the attributes of leading platforms.
Overview: Key Market Insights
Nowadays, iGaming represents a new era in digital entertainment in unity with cryptocurrencies. Backed by the blockchain revolution, this combination empowers players with secure, anonymous, and borderless transactions with fast, low-cost payment options. Furthermore, it facilitates the rise of platforms with unique elements, such as native tokens, liquidity staking options, Play to earn models, and others, enhancing player loyalty and experiences.
The iGaming space developed these key trends for 2024:
- Blockchain technology: The use of blockchain in the gaming market is expected to expand at a CAGR of 68.3% from 2023 to 2030. Notable companies like Axie Infinity and Horizon Blockchain Games keep securing substantial funding to develop blockchain games.
- Mobile gaming: Mobile games now make up 51% of global gaming industry revenues, highlighting the connection between smartphone improvements and mobile gaming. Statistics show that 62% of smartphone owners install a game within a week of obtaining their phone.
- Artificial intelligence, virtual and augmented reality: Juniper Research predicts that the worldwide investment in AI-based financial fraud prevention will exceed $10 billion by 2027. The VR and AR market is also on the rise, with an estimated 12.60% growth, reaching $58.1 billion by 2028.
- Social gaming: Online casinos are converting into dynamic entertainment hubs – up to 80% of users engage with social features offered by iGaming platforms, such as in-game chats, leaderboards, multiplayer modes, and others.
Navigating Excellence: Trends Brought to Life
Using these cutting-edge trends, Fairspin is leading the industry with multiple success stories, proving impressive jackpots and multipliers are within reach. For example, the recent November records changed the lives of five players, who won from $10,875 to $48,849 each with up to 4,165x multipliers. The core of this success lies in adopting blockchain technology, an innovation emphasizing the platforms’ dedication to transparency, safety, and fairness of outcomes.
An additional layer of the Fairspins’ reliability is provided by security protocol encryption (SSL) to protect player information and transactions. Moreover, Fairspin operates under a Curacao license, adhering to strict standards for iGaming operators.
Fairspin is shaping the iGaming future by introducing its native TFS Token. It is a central part of the platform’s loyalty program and can be multiplied, exchanged, and used to unlock bonuses or rakeback payments.
And there is even more in store – Fairspin offers innovative program. Liquidity staking involves staking TFS Tokens and earning rewards based on the contributions. The Play to Earn model grants players for their gaming activities. The Hold to Earn program provides exceptional incentives for holding TFS Tokens with a fantastic APR.
Top Tips For Beginner Success
Before diving deeper into the lucrative opportunities mentioned above, ensure your successful iGaming start with these tips:
- Choose reliable platforms with SSL protocols and licenses, and aim for the best welcome bonuses.
- Look for user-centric interfaces and explore the diversity of the platform’s games, including free trial options and mobile capabilities.
- Prioritize multi-channel 24/7 customer support and numerous payment methods.
Fairspin is an ideal choice for new players, confirming fairness, safety, generous welcome bonuses, and top perks for beginning a gaming journey easily.
Got Information – Take The Action
Approaching 2024, it’s clear that integrating advanced technologies, such as blockchain and cryptocurrencies, will continue to elevate the player experience. Platforms like Fairspin are at the forefront of this shift, offering transparent, secure, and engaging gaming environments.
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