crypto casinos are shutting down while everyone keeps launching another stake clone
@luckio is gone.
@XTPcom, @betstrike, casinostriker stopped operating too and many others
remember
@luckio paying influencers up to $500k/month, $1.2b in lifetime wagers. still shut down
i've been talking to founders of smaller casinos that didn't survive, and one of them told me, "we were following the big platforms, but didn't have their budgets. streamer marketing doesn't work when you can't afford to compete"
and i think he's right
you can spend a shitload on streamers and get some traffic, but you're competing against platforms that already have years of reputation, loyal players and way more operational experience
why would anyone switch?
i think we're heading towards 2 types of crypto casinos that can actually survive
1. freak brands like duel
crazy marketing, founder-led content, mascots, memes. people talk about them even when they're not gambling
2. platforms building something of their own
in-house tech, original games, unique mechanics. actual reasons to choose them over another casino
everyone stuck somewhere in the middle is gonna have a hard time
btw, this is exactly why at
@verifluence we focus on smaller creators with real audiences instead of chasing the biggest streamers. smaller operators need ways to test acquisition without burning their entire budget
curious what founders think