Evolution Gaming, one of the world’s leading casino game providers and live game operators has taken the crypto gambling craze one step further with the latest slot release from the company’s Red Tiger Gaming band.
NFTs (Non-Fungible Tokens) have become a popular form of investment for those dipping into the digital asset market and looking for the newest trends in the fintech industry. And now, Evolution has come up with an innovative way to combine the popularity of NFTs with online gambling by purchasing four CryptoPunks to feature in Red Tiger’s newest release, NFT Megaways slot.
What are NFTs?
NFTs are digital tokens that represent the ownership of an item in a digital form, kind of like a digital pink slip or deed of ownership for assets. They allow users to tokenize assets such as artworks, music, photos, videos, collectibles, and even real estate, such as the digital properties in Decentraland.
The term non-fungible refers to an item that is totally unique and cannot be replaced. A digital coin such as Bitcoin, for example, would be seen as a fungible token, as it can be traded for another which is exactly the same. NFTs however, are unique and store extra information on the blockchain to prove the originality of the asset.
Most NFTs are part of the Ethereum blockchain, the digital ledger of the Ethereum cryptocurrency which also supports NFT functionality. An NFT can have only one owner at a time, which is accomplished through a unique ID and metadata that cannot be replicated. One of the most famous NFTs is an artwork from a graphic designer called Beeple, which sold for a record-breaking $69.3 million at a Christie’s auction earlier this year.
Why are CryptoPunk NFTs so special?
CryptoPunks is an Ethereum-based NFT project which started out in 2017, making the range of artworks in the collection some of the earliest examples of NFT collectibles and forming the foundations of what NFTs are today.
These CryptoPunk NFTs were created by Larva Labs, a mobile software company based in New York. There are 10,000 CryptoPunk NFTs in the range, some maintaining multi-million dollar values.
The CryptoPunks, in particular, are a set of randomly generated pixel-based avatars which come in an array of designs, such as people, zombies, aliens, and even apes. The alien and zombie avatars are some of the most sought-after CryptoPunks with prices reaching millions. Even high-profile celebs such as rapper Jay-Z and investor Gary Vaynerchuk are proud owners of CryptoPunk NFTs.
Evolution’s NFT investment
NFTs are now making a debut into the world of online gambling with Red Tiger’s latest release, NFT Megaways slot. Evolution has purchased four CryptoPunks to the value of $162,000 to be showcased as symbols in the world’s first slot game to integrate NFTs.
The game was released in early September and was inspired by the growing interest in cryptocurrencies and the trading of unique, digital-only assets. This original online slot game sees Evolution’s four CryptoPunks coming together to multiply the value of cash prizes offered to players in the game.
At Evolution, we have a long record of innovation and being first with distinctively different new ideas. With all of our group brands, our goal is always to offer players the most feature-rich and vivid gameplay possible. In essence, it’s all about creativity and originality and that’s why the CryptoPunks were such a great fit for us.” said Todd Haushalter, Chief Product Officer at Evolution.
He went on to say that “Evolution is in a unique position to contribute to the crypto-community by taking the first NFT on Ethereum and featuring it in the world’s first NFT-based slot. One of the open questions in this community is how to display your NFTs and we thought this was a really fun way to do that, where there’s a chance for lots of players to admire them and also to interact with them in a completely new way! We are honoured to now be part of the crypto-asset history.
NFT Megaways is a game that’s taken this crypto trend and transformed it into a form of entertainment – and it’s the first of its kind. Players have the chance to be a part of history in the making. As a game, it’s going to appeal to lovers of slot games everywhere, as well as bringing in those crypto fans who want to see a new way of using this CryptoPunk artwork. The team has done a brilliant job on this launch, and we’re looking forward to the game being live.”
Experience the unique NFT Megaways slot!
NFT Megaways slot is played on six reels with seven rows and creates a unique and exciting pixelated world with crypto-related symbols and images. Within the game are CryptoPunks #914, #3008, #4701 and #8143, which are four particularly diverse and exotic-looking characters now owned by Evolution.
The aim of the game? It’s simple! Get the punks – win the cash! The CryptoPunks act as Wild symbols that can land only on the CryptoPunks Bar and will substitute for all paying symbols. When a CryptoPunk lands on this bar and substitutes in a winning combination with low-paying symbols, the CryptoPunk will collect the symbols.
The CryptoPunk’s multiplier will then increase by 1x for each low-paying symbol collected. The CryptoPunks multiplier can increase up to 30x, and up to two Crypto Punks can land in the same spin. If two CryptoPunks participate in the same winning combo, their multipliers are multiplied by each other.
Want to get a little taste of the NFT Megaways slot? You can try out this sensational new game at BitStarz Casino, Cloudbet Casino, and King Billy Casino – some of the top-rated casinos in the industry. Various other casinos also offer this new release from Red Tiger Gaming so check out our list of the latest casino reviews to find more. Good Luck!