On the last day of January 2021, Entain Holdings announced that the company will be incorporating blockchain into their operations. On the same day, a similar announcement was made by the partypoker division of the company. In the poker room, the adoption will take the form of non-fungible tokens (NFTs) while plans by the parent company involve the creation of the Ennovate innovation center. It is from this center that gaming products supported by the new technology will be developed.
What we cover
Tokens by Partypoker
The first time there was a mention of the non-fungible tokens (NFTs) in the poker circles was in 2021. At the time, WPT used them as a means of sparking player interest when the high roller cash games were being live streamed. By creating collectible cards and unique game videos, the NFT format was introduced.
When it comes to online poker, the use of tokens has been minimal with notable appearances in obscure projects such as the ICE Poker and Virtue Poker. There is currently a new wave of interest that originates from one of the leading poker rooms in the New Jersey gaming market. Poker Dogs Club is backed by 1998 WSOP Main Event winner, Scotty Nguyen. As a start up in the poker hosting business, the club has already curved out a niche in the Metaverse.
The greater poker market is obviously aware of this new product but its adoption will depend on how well it is going to perform in the initial days. It is a good idea to have its launch in New Jersey because the market has already been simplified; new innovations are readily accepted and a new feature is likely to succeed.
An important feature of the newly unveiled digital platform is the 7,777 poker-themed NFTs – released on January 30. NFTs are now available for sale for anybody that wishes to acquire them to join the Poker Dogs Club. As a member, you get to enjoy a wide range of benefits which include opportunities for growing your NFT value, free poker games and more than $200,000 worth of tournament prizes.
NFT cub membership
For those who have not interacted with NFTs and the Metaverse before, this could be a daunting project to understand. To break it down, think of joining an elite club by virtue of the fact that you own a Poker Dog Club NFT. For every Poker Dogs Club NFT owned, the equivalent value is 0.069 ETH. Purchasing an NFT coin entitles users to direct access when they want to participate in private games hosted in the Poker Dogs Club Metaverse.
Another way of easily understanding what the Poker Dogs Club is imagining a virtual environment for members to play games, earn prizes or simply connect with each other. Users are also able to earn incentives through NFT ownership through a setup that closely resembles that of PokerFi.
Ultimately, those who choose to make purchases within the Poker Dogs Club are making an investment. The current popularity of NFTs might be an indication of a rise of demand in the near future. While it is not a guarantee that the value of NFTs will increase with time, but the chances increase if the market conditions are favorable.
Partypoker joining the Metaverse
While there is a prevalence of NFT use in poker, the trend has not been adopted by new businesses alone. Poker Dogs Club is using play-to-earn games to grant users entry in to the metaverse. This arrangement is not likely to last long because Partypoker is currently working on having its own collection of NFTs.
If Partypoker manages to introduce NFTs as planned, they will be used in depicting some of the operator’s most popular events. This is going to happen in alliance with Theta Labs based on present collaboration. Poker players on Partypoker will also have access to PokerApes which is a special collection of digital artwork. In addition to a “Partypoker twist” these extra characters will bear distinct characteristics.
The popularity of the Metaverse is growing rapidly and in poker the visibility is due to creation of NFTs by established gambling operators. When such efforts are coupled with technological advancements such as bitcoin are bound to revolutionize the online poker industry. There are already poker sites such as CoinPoker that are powered by crypto and ethereum.
Now that Partypoker has opened up the betting arena, it is expected that other poker sites will duplicate these advances. The focus is on PokerStars and other sites which offer Bitcoin, ETH and the like to take up the new trend. When that becomes the new norm for poker players, the concept of grinding MTTs and trading poker NFTs over in the Metaverse will cease to be a pipe dream. Players whose perception of the Metaverse is blurred will have an easy time understanding it.
In the recent past, the number of poker sites using Ethereum has been increasing. Such sites allow poker players to place Bitcoin, Ripple, or ETH bets. Apart from providing players with a flexible payment system, such platforms also offer incentives and other enticing rewards. Even though the use of bitcoin is highly publicized in promotional materials for supporting poker sites, players are still allowed to transfer funds through standard options.
The rapid rise in the launch of Ethereum sportsbooks stems from an industry’s urgency to withdraw and deposit funds quickly and conveniently.
Final Thoughts
The Poker Dogs Club is the poker equivalent of what scientists call teleportation. It is the latest technology that will link poker lovers from different parts of the world and create virtual environments in which they can interact and enjoy their prizes. Accessing the metaverse takes players to a totally new environment and they can be able to escape reality to soak in the thrill of poker. The Poker Dogs Clubs is open to all players and the sooner they start accumulating NFTs they more they will enjoy the innovation.
