Innovation in the world of online casinos: a bridge to millions of users on Web3
Date: 2024-05-18 Author: Oliver Abernathy Categories: IN WORLD
MyPrize CEO Zach Bruch highlighted the potential of crypto casinos to attract millions of users to Web3 in the latest episode of The Agenda podcast. He expressed confidence that these platforms open up new horizons for the digital ecosystem.
Cryptocurrencies and casinos: connecting on Web3
Bruch identified 2024 as the period when cryptocurrencies, especially memcoins, become the subject of massive speculation. He presented crypto casinos as a place where users can not only play, but also have fun speculating.
Path to success: Crypto casino Stake
MyPrize CEO shared impressive numbers for the success of online crypto casino Stake, noting that the platform generated $2.6 billion in gross revenue for 2022, highlighting the significant contribution of online casinos to the digital economy.
Challenges on the path of development
Despite the prospects, Bruch emphasized the complexities that come with operating online casinos, especially in the area of regulation. Projects like MyPrize have to comply with different regulatory requirements, which often requires creating separate sites for different markets.
Investing in the future
In March 2024, MyPrize raised $13 million in funding, highlighting investor confidence in the potential of crypto casinos in the digital ecosystem. The startup was valued at $140 million, which indicates a growing interest in innovation in online casinos.
