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Startups in the NFT industry must also navigate the legal and regulatory landscape, as there are concerns around copyright infringement and ownership rights. One potential application of NFTs in the gambling industry is the use of NFTs to represent ownership of in-game items or rewards. NFTs can offer a more transparent and secure way to track ownership of in-game assets, reducing the risk of fraud and hacking. NFTs can also offer a way to monetize in-game assets, providing a new revenue stream for game developers and publishers. However, the adoption of NFTs in the gambling industry is still in its early stages, and there are several challenges to overcome, such as regulatory compliance and customer adoption.s can offer provably fair games and reduce the risk of fraud and hacking.

Table of Contents Blockchain technology can be used to create decentralized applications (DApps) that offer more secure and transparent gambling activities. DApps can offer provably fair games and reduce the risk of fraud and hacking. Refrences : Subscribe