## Waterhouse Venture Capital: Evaluating Crypto Gaming Possibilities
In a recent piece, Tom Waterhouse investigated the possibilities offered by crypto gaming and examined the performance of some top crypto gaming firms.
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Waterhouse Venture Capital: Evaluating Crypto Gaming Possibilities
Last May, we initially explored the potential of crypto gaming, which is the most rapidly expanding sector of the gaming industry. Some online crypto operators have swiftly become major players and well-known global brands, such as Stake.com and Sportsbet.io.
In 2021, the global online gaming industry generated roughly $58.2 billion in revenue, and is projected to reach $145.6 billion by 2030. We anticipate that increased crypto gaming penetration will drive much of the industry’s growth.
Sportsbet.io has achieved $2.7 billion in monthly turnover. To put this into perspective, the largest operator in Australia averaged $1.2 billion in monthly turnover in 2021, holding approximately 50% of the market share in the nation.
Sportsbet.io has formed strategic partnerships with several high-profile football clubs, such as Southampton, Arsenal, and São Paulo.
**Why Digital Currencies?**
Digital currencies like Bitcoin, Ethereum, and Litecoin enable quick and smooth transactions with lower fees compared to conventional methods.
Its not just about making payments happen in a flash, but also about cutting down on the costs of running cryptocurrency gambling businesses.
Gamers can appreciate rapid and smooth deposits and withdrawals, along with anonymity, safety, and data protection when wagering online.
Operators like Stake.com and BitStarz Casino have already built a top-notch user experience (UX) compared to online fiat operators. Cryptocurrency gambling operators are always putting their customers first and are now leading the way in UX. Meanwhile, traditional operators are generally slower to adapt.
For instance, Stake.com regularly develops new slot games while keeping its own Stake Originals proprietary games.
Cryptocurrency gambling operators’ customers can enjoy bigger bonuses, promotions, and better odds. This is because operators share some of their saved costs with customers. These costs include lower deposit/withdrawal transaction fees and lower merchant fees compared to fiat operators.
The following Trustpilot rating selections show the preference of players for up-and-coming cryptocurrency operators (represented by Stake.com and BitStarz Casino) over established fiat operators.
In the cryptocurrency gambling world, there’s a unique chance to provide cutting-edge backend platforms for cryptocurrency gambling operators.
A new wave of gambling platforms.
Although there are numerous established conventional money gambling service providers, such as Kambi, SBTech, Entain, OpenBet, Amelco, and Aspire Global, there are very few platforms specifically designed for cryptocurrency operators.
Following a thorough assessment, we discovered that these platforms still exhibit certain shortcomings in their functionality.
We have outlined the essential features we anticipate in a cutting-edge gambling platform. The majority of existing platform providers are built on traditional technology, necessitating substantial development efforts for any modifications.
Contemporary platforms should offer horse racing, sports, and games, while seamlessly integrating cryptocurrency and conventional fiat currency payment methods. New platforms should incorporate cryptocurrency as an integral component of their technological infrastructure, rather than treating it as an afterthought.
One of the advantages of investing in a gambling platform is the ability to achieve revenue diversification across a global operator customer base. Platforms typically charge integration fees, as well as up to 25% of gross gaming revenue (GGR), depending on the quantity and nature of services provided.
Certain platforms also charge optional ongoing development fees to developers. By receiving revenue shares from numerous operators, cryptocurrency gambling platforms can capitalize on the growth of the entire sector, rather than facing the operational risks of a single cryptocurrency gambling business.
Sanco Technology
Waterhouse VC is dedicated to identifying teams with exceptional expertise. They seek out specialists who have successfully developed and managed betting platforms in challenging markets.
One such team has recently established a company named Sanco Technology. They are currently in the process of securing funding to construct their platform.
Sanco’s platform is designed to be remarkably user-friendly, particularly for cryptocurrency transactions. Their target market encompasses a global audience, with a specific focus on emerging cryptocurrency betting enterprises. The platform will be adaptable, allowing each company to personalize it according to their requirements.
Sanco Technology is merely one of the numerous captivating cryptocurrency betting projects that Waterhouse VC is actively engaged in.
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This information is solely for general understanding. It is not intended as investment counsel. You should consult with a financial professional regarding your individual circumstances.
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