As traditional casinos become increasingly saturated, players who have previously frequented Web2 casinos now find themselves inundated with options. However, this surge in online casinos also brings forth a proliferation of scams and unlicensed establishments, exploiting the opportunity to deceive players and swindle their hard-earned money.
Therefore, the emergence of Web3 casinos, or crypto-based blockchain casinos, has seized upon this opportunity to enter the gaming market, providing transparency and facilitating seamless fund transfers between clients' crypto-wallets and the gaming platform. Moreover, Web3 casinos introduce a novel opportunity for players to not only earn income through the platform's games but also through the tokens available for collection and earning via staking and trading on cryptocurrency exchanges.
This development also implies that individuals who comprehend the utility and benefits of cryptocurrency stand to gain from these blockchain-based casinos, potentially rendering traditional players obsolete or limiting their access and understanding of this lucrative opportunity.
After conducting in-depth research and gaining a comprehensive understanding of the marketplace, 3Play acknowledges that many of our players may have missed out on the opportunity to profit in 2021 when BTC reached its peak of nearly USD 70,000. However, over the past three years following the collapse, or stabilization, of the BTC token, which saw prices drop to less than USD 20,000, we have observed a rapid increase in BTC prices in 2024. The value has surged northward, effectively doubling from its levels during the 2022 decline.
Now, you might wonder how this narrative relates to 3Play and what our focus has been up to this point.
As mentioned earlier, the online casino community has experienced a surge in recent years, with numerous companies entering the market with varying levels of expertise. Unfortunately, many of these entrants lack sufficient understanding of the industry, leading some to operate in a grey area, hoping to capitalize on unsuspecting players. While some may find success, others may abruptly shut down, leaving players with lost credits and funds. Consequently, this has caused many seasoned players to leave or cease playing on online platforms altogether.
Furthermore, the rise of Web3 casinos, or casinos that exclusively use cryptocurrency for transactions, presents a challenge for seasoned or experienced players unfamiliar with how cryptocurrency operates. As discussed earlier, this can result in missed opportunities for these players to participate in this evolving landscape.
3Play acknowledges these challenges, and after thorough deliberation with our team, we have made the decision to launch a hybrid Web2 licensed casino. This initiative aims to cater to seasoned and traditional online casino players, enabling them to participate in this lucrative opportunity. In our casino, players will have the option to use FIAT currencies, maintaining the familiar deposit and withdrawal methods they've used in the past. Additionally, they will become part of the 3Play.io community, where we will provide them with learning resources on how to capitalize on the next golden opportunity. This includes not only profiting from playing in our casino but also utilizing 3Play's token for additional earning potential.
As we continue to engage with our players, early adopters who have embarked on this journey with us will receive tokens on an ad-hoc basis. These tokens will be issued according to specific rules and regulations, as well as the frequency of gaming activity on our platform. Consequently, our players will have the opportunity to profit not only from their winnings on our platform but also from staking and trading our coin. This multifaceted approach enhances the potential for earnings and further incentivizes participation in our ecosystem.
This opportunity opens doors for both experienced traditional online casino players and seasoned crypto-based players to participate and capitalize on the potential for profits. For those accustomed to traditional online casinos, this presents a chance to transition smoothly into a new era of gaming while leveraging their existing knowledge and experience. Meanwhile, for crypto-based players, this represents yet another significant opportunity to tap into and generate profits within the evolving landscape of blockchain-based casinos.
In summary, 3Play endeavors to serve as the platform for all our players to embark on this opportunity with us. We strive to provide an inclusive environment where every player has the chance to participate and profit together. Our goal is to create a community where all members can thrive and succeed collectively.
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