How NFT-Based Rewards Are Changing Loyalty Programs in Crypto Casinos

There’s already a lot to love about crypto casinos and related promo codes, especially the privacy and the provably fair gaming. And because the market’s still new and always growing, casinos are falling over each other to offer something better than the competition. Great news for gamers.

Something you might soon start to notice popping up at your favorite crypto casino is reward schemes, specifically ones that offer NFT rewards.

What are NFTs?

Wondering what on earth they are? Well, NFT stands for Non-Fungible Token, which is a totally weird way of naming a digital ID that’s permanently recorded on blockchain. They’re similar to cryptocurrencies in the sense that they show a unit of ownership, but they’re different because they can’t be exchanged like-for-like. An NFT is designed to be unique.

Imagine if Pokémon released just one specific collector’s card. Just one, in the whole world. That’s a physical equivalent of an NFT.

Why crypto casinos are locking onto NFT loyalty programs

NFTs offer a potential new way to reward crypto customers, using the same blockchain infrastructure that supports the entire casino. So, a casino might build an NFT rewards program around activities that they want you to do, like making a deposit, or hitting a wagering milestone.

You might see NFT rewards offered if you join a tournament, take part in a promo challenge of some kind, or refer a new sign-up. And you’ll almost certainty unlock rewards from an NFT loyalty scheme if you\r ea long-term, loyal customer.

So, rather than getting a random ‘loyalty point’, you get a bespoke NFT from the casino, and as you get more, you’ll unlock different rewards.

What you might get from a casino NFT loyalty scheme

Usually from a points-based loyalty scheme, like the type you’ll be used to at traditional casinos, you’ll build up points and swap them for things like free spins, or maybe cashback. But from our perspective as customers, these schemes don’t have a lot of value. If you stop playing at that casino, you lose all your points and it’s game over. Literally

But with an NFT based loyalty program, things are different. The NFT exists on the broader public blockchain and once you own it, it’s truly yours. This means you can do extra things with the NFTs you build up through gaming, like:

●     Trading your rewards with other gamers

●     Selling them on certain marketplaces

●     Getting access to promotions

●     Keeping hold of NFts in the hope they rise in value over time

●     Building an NFT collection for general interest, status, or for kicks!

Increasingly, you’ll also see these NFT-style loyalty schemes attached to the more premium, VIP-type bonus or membership schemes at your fave crypto casino. So this might look like NFTs that give you ‘jump the queue’ style faster payment processing, more cashback, or access to ‘secret’ tournaments.

You might also get invites to test new games before other members or even get your own account manager for that VIP feel that keeps you playing. It’s certainly going to be interesting to see how crypto casinos start rolling these features out and making their packages even more interesting!

Sharable NFTs - the ultimate flex

And perhaps the most exciting thing of all about these NFT-based rewards is that they won’t be  tied to the casino that awards them to you. So, say you earn a 10% cashback NFT or some kind of collectible.

 It’s yours, so you could look at selling it, swapping it or gifting it if you didn’t just want to keep it for yourself. We think the secondary market for NFTs is likely to explode in the coming months as more casinos lock onto this new trend and start rolling out NFT loyalty schemes of different kinds.

Just remember though, NFTs are still relatively new and casinos are working out ways to use them to reward and engage players. So yes, in theory, there could be a mega new market about to emerge for the tokens you might accrue through gaming, but it’s pretty unproven at this stage, so just keep watching and learning - and gather up any NFTs you do get offered to see how their value changes over time.

Finding the right crypto casino

Some of the best crypto casinos are starting to look at developing these NFT based rewards schemes, but it’s early days.

The key is to play at the trusted and reputable crypto casinos with the right licensing, service and processes in place because they’re priming themselves to succeed in this growth market, and most likely to look at NFT loyalty schemes in response to customer demand.

 So the crypto casinos we’d recommend exploring in this brave new world include the ones listed below. They’re tried, tested and well reviewed and there’s no danger of getting scammed (as you inevitably would if you were to click on that ‘magic new casino’ sign-up link that appears in your social feed, messages or email… just don’t do it!)

Ultimate word to the wise, don’t ever chase a casino membership because it’s offering NFT rewards. These schemes are always going to be favorable to the casino, so never fall into the trap of gambling more or spending more just to grab a token of any kind, even if it’s touted as ‘rare’ collectible!

Just view them as a great way to enjoy even more from what you already love doing - gambling and crypto gaming, with all the right emphasis on fun and entertainment, not stress and hassle!