SABA Sports, a leading Asian sportsbook provider, has invested $3 million in cryptocurrency-focused online casino EVO.io. With this commitment, SABA Sports is demonstrating its confidence in the expanding junction of blockchain technology and the international iGaming sector. A statement from SABA Sports shared the company’s optimism about the potential of blockchain in the gaming space, saying there’s no doubt that crypto will be pivotal in iGaming’s evolution.
“While it currently facilitates seamless deposits and withdrawals, blockchain’s potential extends far beyond that. Think transparency in casino games, on-chain betting data, and more innovative applications,” he said.
Why It Is Special
Backed by the potential of a decentralized Web3 network, EVO.io is positioning itself as a next-gen gaming platform, transforming how players interact with the iGaming world. The platform, scheduled to officially launch in September 2024, is currently in beta testing and undergoing a branding overhaul to prepare for its entry into the market. But what does it bring to the table?
Well, EVO.io is not just your typical crypto casino. While offering a full suite of casino games and betting options with digital currencies, it aims to go beyond the conventional model by leveraging decentralization to empower its players.
SABA Sports believes EVO.io is on a mission to revolutionize the industry by giving users more control—whether they want to “be the house” or challenge it, create their own games, control their funds, or bring in friends for a truly immersive and transparent experience.
More on Web3 Gaming and the Future of iGaming
Already, Web3 gaming is creating a stir with play-to-earn models, the selling of metaverse land, and the emergence of gaming DAOs. Whether it’s via in-game NFT income or secondary market asset selling, players may now make money in virtual worlds. Web3 betting has a promising future ahead of it, as blockchain transactions will make up a significant amount of gaming activity in recent years.
One of the many advantages of Web3 gaming is the increased security it provides. Thanks to blockchain technology, in-game data and assets are less likely to be compromised. Players may soon be able to transfer skins, equipment, and characters based on NFTs from one game to another, thanks to impending interoperability.
On the other hand, broad adoption continues to face significant obstacles, such as regulatory issues and the need for blockchain solutions that are scalable, quick, and secure. While full-scale cross-platform integration remains a challenge, early efforts are underway, offering a glimpse of the future. But as more developers and publishers, such as Ubisoft, experiment with distributed ledger technology (DLT), Web3 gaming’s footprint is set to grow.
