The Japanese and Canadian investors have invested $5 million into Foggystar Casino, a crypto-first company that is scaling up plans to create its own gaming token and expand the business.

 

The initiative, which was first announced in 2022, now has a library of crypto gambling games from Play’n Go, Pragmatic Play and NetEnt. A bonus gaming product especially for the cryptocurrency community has also been introduced.

 

On the project, FoggyStar said:“We try to not only develop a product, but also to follow the industry trends while placing our target audience’s interests first.” The project’s goal is to improve users’ and infrastructure security and transparency.

 

Foggystar’s future in crypto-gambling

 

The staff is dedicated to developing the project with cutting-edge technologies and procedures, resulting in a completely new gaming experience. FoggyStar will use blockchain technologies to keep gambling transparent and decentralised, as well as develop new casino experiences in the future.

 

With a slew of gambling businesses investing in the wider metaverse marketplaces, NFT or metaverse sectors, FoggyStar thinks this is one approach to quickly expand its audience. “We are going to see a world where virtual reality is not only accessible and affordable, but also used in many workplaces.” says Roblox CEO David Baszucki, “By the end of 2022, the metaverse will be widespread and will serve as a utility for human co-experiences.”

 

“There will be people coming together to watch a new movie trailer or chuckle at a user-generated video.” Recent partnerships with Hash Zero and Polygon have allowed DraftKings to earn ‘staking’ rewards; those which can be earned by assisting blockchains in verifying crypto transactions. In March, BetOnline became the latest betting site to accept bitcoin, adding ApeCoin to its list of payment options.