Non-fungible tokens, otherwise known as NFTs, have been all the buzz over the past year. One of the reasons why this is the case is how divisive they have proven to be as investment assets. There is a group of people who swear by it and believe that it is the future of both art and gaming. An equally large number of people see it as nothing more than a gimmick and a bubble that will fade away just as quickly as it rose.
Now, objectively speaking, nothing is cast in stone at this point. Still, the amount of interest in the sector is worth paying attention to. Several mainstream sectors are getting involved and one of the most notable ones is the poker industry. Recently, poker pros like Ryan Daut, Jeff Gross, Mike McDonald and Dan Smith have gotten in on NFTs. In total, the players have CryptoPunks NFTs worth about a whopping $400,000 as their Twitter profile pictures. Bill Perkins, another high-stakes poker player, has a World of Women NFT.
A Perfect Match?
Crypto and blockchain have found use cases in the world of online gambling and continue to thrive in the sector. For poker, especially in live dealer games, this has mostly been limited to payments. NFTs seem to be changing that. High-stakes poker professionals have a reputation for being risk-takers which makes NFTs a great fit for them.
The goal is profitability, something that is not always guaranteed. That is often overridden by the idea of the Expected Value (EV). NFTs present a rather unique opportunity for this as seen from their mind-blowing price surges in the past year. As it turns out, this fusion of poker and NFTs is already being explored on other fronts.
Recently, a new and innovative version of poker that brings together the loved game and NFTs was unveiled. Polker, the game, has been built using Unreal Engine 4 and is expected to usher in the next generation of online poker gaming. It is the first free-to-play and play-to-earn poker game that takes immersion to new heights. Most notably, Polker will be the first game of its kind to integrate NFTs throughout the game structure.
The gambling industry has always been known for its dynamism. Now we are at the tipping point in the way we gamble online and such innovations promise to take the poker experience we know and love to the next level. It will take a bit of time but it will certainly be worth the wait.