After the emergence of this cryptocurrency all over the world.The same was implemented in the gambling and casino.Most of the crypto currency based on casino was emerged after 2020.As you said the Kyc verification of this website was understandable one.So if anyone required to do kyc for this kindly follow the method.Many people using the gambling site to launder of money.Many people get into crypto gambling now and they don’t know to market on crypto currency forum.This forum is best to market for the crypto gambling and casino.Bitcoin is the accepted one in most of crypto gambling.
Technology's impact on society and life is intriguing. Crypto gaming is one way we're adopting new technologies. We can make these sites safe and secure for everyone with adequate rules and KYC verification. These sites accept Bitcoin the most. Yet other cryptocurrencies are also gaining traction. I'm delighted folks are taking advantage of the exciting crypto community. Crypto gaming is a new social tool that helps us connect in new and fascinating ways. 
Topic: A way to attract new users or a misunderstanding? - page 10. (Read 10103 times)
Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
In the web3 technology a gambler does not have to register an account only on the website. In this case, connecting a wallet will create an account automatically and That wallet will be the access key to that site. But if that casino site is licensed then you must complete kyc to place high quality bets or claim high amount there like other casino sites. Here you will get the benefit of Quick Access only through Wallet Connected. that is the point The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling
Regarding crypto is anonymous, I agree because maintaining our identity is very important for the security of the crypto assets that we have.here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling
About crypto casinos asking for KYC requirements actually not because casino owners want to know their customers in detail but because there are demands from the license used by casinos that require KYC requirements for each casino customer itself.
It seems impossible for the government to take over data for their interests because many people play a big role in gambling because it is impossible for casinos to easily allow the data of their customers to be leaked and taken over even though it is the government that is taking over.
In fact, the government will not dare to interfere in casino or gambling issues if the casino already has a clear license and the government also gets their share of the tax fee so that it will be detrimental to the government if it gets too involved in gambling issues.
In this era, everything can be solved with money, so you don't need to worry too much.
These casinos are well informed than you may be thinking, these are gimmicks they use as part of market strategies and attractions to lure in many new users that might wanna pick interest or out of curiosity to know what the nomenclature web3.0 depicts for a casino, along the line they might end up registering with them becoming a new user and as such business is moving for them. See this as a way of manipulating gamblers at all cost to their site but it's better they obviously make it known to the gambler from the initial that they're KYC oriented instead of doing so in a cloak.
It funny some gambler with any kind of experience would rather to join a "web 3.0" casino, without knowing what W3.0 is, rather than doing their own research. W3.0 by definition is about decentralization and managing a service through one's private/public keys, etc.
If they took a few minutes to read about all this, they would spot something weird would be going own as soon as the casino asked for an email, username or password. An actual decentralized app/service does not need anything but to know the public keys of their users to work.
But because it is just an advertisement gimmick, sadly many will have an unpleasant experience with KYC.
legendary
Activity: 2226
Merit: 1049
Leading Crypto Sports Betting & Casino Platform
Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.
So, we can call it high-quality bait to attract new users.
I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.So, we can call it high-quality bait to attract new users.
I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling
It is not about the owner wanting to know the members in detail, but if they are planning to have license,
they need to require KYC from the players. However, if there's no license yet, there's no reason for them to oblige their players.
Web 3.0 platforms should operate on what they are promoting, users connected to a decentralized network.
If they require KYC and at the same time proud to be a web 3.0 site, then, something is wrong with the situation.
For me, I personally believe that a web 3 casino is not supposed to even have a licence, not to talk of having the ability to request kyc verification from their users.
In web 3, casino should be completely decentralized, with every single game hosted on chain, even in a way that the casino owners do not have access to the game code once the smart contract is deployed, this a a type of game that could keep running even after hundreds of years when the develops must have passed on.
So like I've said before, majority of casinos are now using the term web 3, as a means of advertising their casinos, not solely because the casino is a web 3 project.
Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.
So, we can call it high-quality bait to attract new users.
I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.So, we can call it high-quality bait to attract new users.
I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling
It is not about the owner wanting to know the members in detail, but if they are planning to have license,
they need to require KYC from the players. However, if there's no license yet, there's no reason for them to oblige their players.
Web 3.0 platforms should operate on what they are promoting, users connected to a decentralized network.
If they require KYC and at the same time proud to be a web 3.0 site, then, something is wrong with the situation.
They are not truly a web 3 site but trying to emulate its concept. Players should doubt their motive on this regard.
Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.
So, we can call it high-quality bait to attract new users.
I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.So, we can call it high-quality bait to attract new users.
I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling
These casinos are well informed than you may be thinking, these are gimmicks they use as part of market strategies and attractions to lure in many new users that might wanna pick interest or out of curiosity to know what the nomenclature web3.0 depicts for a casino, along the line they might end up registering with them becoming a new user and as such business is moving for them. See this as a way of manipulating gamblers at all cost to their site but it's better they obviously make it known to the gambler from the initial that they're KYC oriented instead of doing so in a cloak.
After the emergence of this cryptocurrency all over the world.The same was implemented in the gambling and casino.Most of the crypto currency based on casino was emerged after 2020.As you said the Kyc verification of this website was understandable one.So if anyone required to do kyc for this kindly follow the method.Many people using the gambling site to launder of money.Many people get into crypto gambling now and they don’t know to market on crypto currency forum.This forum is best to market for the crypto gambling and casino.Bitcoin is the accepted one in most of crypto gambling.
I understand what you mean, but not all gamblers require KYC and not all gamblers want KYC either.So doing KYC only to deposit at gambling for me is up to the gambler, but if asked for KYC to be able to withdraw big wins or have serious problems, it is necessary.
Actually asking for KYC is not a problem and doing KYC in gambling is also fine.
Because there are indeed a lot of gamblers who use money laundered to bet.
It's fine if gambling platforms use web 3.0 in their descriptions, as they know that web 3.0 is currently trending, and to be honest, online casinos will end up running on web3.0 regardless, but right now it's not, no single online casino is running on true web3.0 yet, as many have said in this thread. I don't know what these people are doing wrong, it's part of the marketing strategy, so I don't see what they are doing wrong.
After the emergence of this cryptocurrency all over the world.The same was implemented in the gambling and casino.Most of the crypto currency based on casino was emerged after 2020.As you said the Kyc verification of this website was understandable one.So if anyone required to do kyc for this kindly follow the method.Many people using the gambling site to launder of money.Many people get into crypto gambling now and they don’t know to market on crypto currency forum.This forum is best to market for the crypto gambling and casino.Bitcoin is the accepted one in most of crypto gambling.
There are still no true web 3.0 casino, most probably the way to attract customers... As for KYC, I doubt that there will ever be a stable casino with no KYC, since when the question is in cryptocurrency stakes, then thats a good stuff, but evrythin becomes a different deal when money withdrawal appears...
I agree with your point about the absence of a true web 3.0 casino. While there are many online casinos that operate using blockchain technology, most of them still lack the sophistication and features that are expected from a true web 3.0 casino. Regarding KYC, it is understandable why online casinos require their customers to go through this process. This is to prevent fraud and money laundering activities, which can be prevalent in the online gambling industry. However, with the advancement of blockchain technology, there are now solutions that allow for secure and private transactions, without compromising the safety of the platform. But perhaps the adoption of web 3.0 technology is still in its early stages. As more companies begin to embrace this technology and its potential, we can expect to see more innovative solutions that address the current limitations in the online gambling industry.I would be delighted if in a web3 casino they can have their clients without kyc, I don't know how much they can do, but they should achieve it, because with kyc everything is not only a drama but also a nuisance, all casinos have kyc and if one comes out that it is with web3 and is the same as the others, it does not perform the function that we are looking for, everything is somewhat the same but with different functions, for that reason I stay in the casinos that I always play, I only play in dulebits and it goes well for me, I do not I complicate and I know that it is a casino that if you comply with its kyc it is not so complicated with the subject.
There are still no true web 3.0 casino, most probably the way to attract customers... As for KYC, I doubt that there will ever be a stable casino with no KYC, since when the question is in cryptocurrency stakes, then thats a good stuff, but evrythin becomes a different deal when money withdrawal appears...
I agree with your point about the absence of a true web 3.0 casino. While there are many online casinos that operate using blockchain technology, most of them still lack the sophistication and features that are expected from a true web 3.0 casino. Regarding KYC, it is understandable why online casinos require their customers to go through this process. This is to prevent fraud and money laundering activities, which can be prevalent in the online gambling industry. However, with the advancement of blockchain technology, there are now solutions that allow for secure and private transactions, without compromising the safety of the platform. But perhaps the adoption of web 3.0 technology is still in its early stages. As more companies begin to embrace this technology and its potential, we can expect to see more innovative solutions that address the current limitations in the online gambling industry. Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
Well, in business, any thing to bring in or win more customers over to the company is always a go and it's welcomed.I am not surprised though, things like this are not new, casinos can claim to be what they aren't just for the sole purpose of attracting customers, and I do not blame them, this is an industry where everyone is trying to stay anonymous but still want to get involved in businesses that does not require customers to be anonymous due to some reasons best known to them.
And to keep the business going, they have to make the customer feel that they(the business) is actually what they(the customers) want, so if it takes the casino claiming to be a web 3.0 casinos where as they aren't, it is still a business strategy.
Well, if you do not see anything special, as a user, then there is nothing special. The fact that you ask if there is something behind is already a good clue that there is nothing behind. Anyone can claim, 4D effects or Web 3.0 or Crypto-enhanced or, my favourite : "driven by AI". In the end it is about you and your experience and if it does not feel different is not different.
If there's something new then its up to someone whether they would really be engaging into that or would pass because there's no something new or not really that interested at all.
Companies would be doing their best on making something which would hook up the gambling community.The market is somewhat saturated already and we
would really like to see some offerings which hadnt been seen before.
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
Well, in business, any thing to bring in or win more customers over to the company is always a go and it's welcomed.I am not surprised though, things like this are not new, casinos can claim to be what they aren't just for the sole purpose of attracting customers, and I do not blame them, this is an industry where everyone is trying to stay anonymous but still want to get involved in businesses that does not require customers to be anonymous due to some reasons best known to them.
And to keep the business going, they have to make the customer feel that they(the business) is actually what they(the customers) want, so if it takes the casino claiming to be a web 3.0 casinos where as they aren't, it is still a business strategy.
Well, if you do not see anything special, as a user, then there is nothing special. The fact that you ask if there is something behind is already a good clue that there is nothing behind. Anyone can claim, 4D effects or Web 3.0 or Crypto-enhanced or, my favourite : "driven by AI". In the end it is about you and your experience and if it does not feel different is not different.
There are still no true web 3.0 casino, most probably the way to attract customers... As for KYC, I doubt that there will ever be a stable casino with no KYC, since when the question is in cryptocurrency stakes, then thats a good stuff, but evrythin becomes a different deal when money withdrawal appears...
If the casino is licensed, then they have certain obligations, and if they are not fulfilled, they will simply be blocked in the markets where they provide the service. It is also the to protect against money laundering and casino abuse.
That's what it is nowadays. But look at many casinos today, still, they won't ask for kyc as long as you're on the threshold that they've set and you're not obligated in providing them your identification unless they start asking so. But as per experience, not all of them are like that and you're free to gamble wherever you are it's funny to think that some casinos are into web3 which is all about decentralization and yet, they're asking for some kyc. So, basically they just came in for the hype providing that they're a casino that has described themselves as web 3.0 but overall, they're not having the attitude of what it is to be.
most of them who are promoting web 3.0 are just riding the hype. but if you dig deeper, they are not practicing its true purpose. a lot of licensed casinos that you can find in this forum still don't require kyc. but definitely, if it is clearly stated in their terms, better prepare for it rather than pretending you don't know about such requirement. stick to the reputable casinos known to this forum and you won't encounter much trouble. a lot of members will also assist you if you have valid problem towards the site.
It's what many have noticed about them. They're for the current trend and not really for the actual description of what that trend is all about.
The true thing about them is they just want to garner customers through it because it seems effective as marketing but eventually, they'll change their ways just as the normal way of a casino that implements their local rules.
But web 3 is something that is almost in the pipeline for many casinos, when a particular casino launches it, all the casinos will join there, and the advantage that this particular casino has will be skewed in a very short period of time. If we take into account that these things can happen, we also have to consider that now when a casino starts with the metaverses, everyone also adapts to the same thing, so there would be no advantage, what comes out cannot be adapted, and they don't have to be both with web 3, or metaverses, I think that's what it's about here, and also in attracting many more customers with the new features that new technologies can give us.
If the casino is licensed, then they have certain obligations, and if they are not fulfilled, they will simply be blocked in the markets where they provide the service. It is also the to protect against money laundering and casino abuse.
That's what it is nowadays. But look at many casinos today, still, they won't ask for kyc as long as you're on the threshold that they've set and you're not obligated in providing them your identification unless they start asking so. But as per experience, not all of them are like that and you're free to gamble wherever you are it's funny to think that some casinos are into web3 which is all about decentralization and yet, they're asking for some kyc. So, basically they just came in for the hype providing that they're a casino that has described themselves as web 3.0 but overall, they're not having the attitude of what it is to be.
most of them who are promoting web 3.0 are just riding the hype. but if you dig deeper, they are not practicing its true purpose. a lot of licensed casinos that you can find in this forum still don't require kyc. but definitely, if it is clearly stated in their terms, better prepare for it rather than pretending you don't know about such requirement. stick to the reputable casinos known to this forum and you won't encounter much trouble. a lot of members will also assist you if you have valid problem towards the site.
It's what many have noticed about them. They're for the current trend and not really for the actual description of what that trend is all about.
The true thing about them is they just want to garner customers through it because it seems effective as marketing but eventually, they'll change their ways just as the normal way of a casino that implements their local rules.
Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
Do not let us deceive ourselves and do not let those developers and sites to deceive us, the initial plan was to make web 3.0 to be decentralized, I expect it to be like how Filecoin or those BitTorrent blockchain are used to store files on computer, but it was not and yet it is not.A casino with a good reputation and is trusted will try to maintain its reputation and provide comfort for its users and all of its members and will not be unfair to them. We have seen this being given to a trusted casino, so many of us choose to keep playing at the casino because we have found comfort in playing gambling. But some casinos cannot maintain and provide this to their members but. They instead provide cases of delays in the withdrawal process for various reasons. And this is what makes casinos like that abandoned by gamblers because they don't find comfort playing gambling there.
Slow withdrawal process would be one of the reasons gamblers can leave a casino, a better one can be gone for. That has been the reason I left fiat casino because of the slow withdrawal process. I have used like two that take weeks, some can take days, I used some local ones that that 24 hours, but crypto casinos take lesser time to process withdrawal, which is the reason I have moved entirely to crypto casino.This is why those reputable casinos already know the need for community satisfaction and constant loyalty program for their players, but with recent updates, most casinos have instant withdrawal time. But web 3 casino like owl has some time gap in between and high fees also.
If the casino is licensed, then they have certain obligations, and if they are not fulfilled, they will simply be blocked in the markets where they provide the service. It is also the to protect against money laundering and casino abuse.
That's what it is nowadays. But look at many casinos today, still, they won't ask for kyc as long as you're on the threshold that they've set and you're not obligated in providing them your identification unless they start asking so. But as per experience, not all of them are like that and you're free to gamble wherever you are it's funny to think that some casinos are into web3 which is all about decentralization and yet, they're asking for some kyc. So, basically they just came in for the hype providing that they're a casino that has described themselves as web 3.0 but overall, they're not having the attitude of what it is to be.
most of them who are promoting web 3.0 are just riding the hype. but if you dig deeper, they are not practicing its true purpose. a lot of licensed casinos that you can find in this forum still don't require kyc. but definitely, if it is clearly stated in their terms, better prepare for it rather than pretending you don't know about such requirement. stick to the reputable casinos known to this forum and you won't encounter much trouble. a lot of members will also assist you if you have valid problem towards the site.
It's what many have noticed about them. They're for the current trend and not really for the actual description of what that trend is all about.
The true thing about them is they just want to garner customers through it because it seems effective as marketing but eventually, they'll change their ways just as the normal way of a casino that implements their local rules.
Jump to: