Inside the glitzy metaverse casino where gamblers have spent $7.5MILLION in 12 weeks

ARE you feeling lucky?

The metaverse has tapped into a digital gold mine with a functional casino where users can play poker, trade in NFTs and complete gaming challenges.

Friends and strangers can come together to press their luck in Decentraland’s digital casino

There are entry requirements – and even an NFT-based dress code – users must meet to get into Decentraland’s casino.

The earnings are real – Decentraland has raked in almost $8million in only three months from unlucky meta-gamblers – but unlike a real casino, traditional currency won’t cut it.

ICE is the in-game cryptocurrency and it is measured in “chips“.

Users are given chips based on the number of wearable NFTs their avatar is decked out with.

A user’s ICE handle will go up for completing challenges, like playing a certain amount of hands, or from excelling at games and topping leaderboards.

Decentraland’s casino has taken hold of the traffic steering wheel.

About 30% of Decentraland’s daily visitors are there to test their luck and place wagers.

“At any given time, we have over 1,000 players playing poker,” Decentraland Games founder Miles Anthony told CoinDesk.

“It doesn’t sound like a lot of users, but when it comes to the open metaverse, it’s pretty substantial considering the main issue right now with metaverses is that they’re empty,” Anthony added.

Gambling, in virtual or traditional reality, is on the rise with New York state taking on $3.1billion in action just a few months after legalizing online wagering.

The casino is the latest adoption of a real-world activity becoming actionable in the metaverse.

Interested gamblers do not need a virtual reality headset, though it is recommended to appreciate the full experience.