Are NFT games also another way to gamble your money? - page 11.

Fredomago

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Quote from: LUCKMCFLY on August 13, 2021, 11:44:36 AM

NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.

And simply to say that it's also now being gaining more attention coming from those people who will gamble or risk their money just to get the opportunities to play first or invest first.

NFT is one of the most popular now I also thanking axie for bringing this idea, play to earn attracts huge attentions making more people to quest inside crypto market.

With more success of NFT, it will help to bring more attention and interest to this market.

uneng

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Quote from: Qunenin on August 13, 2021, 08:31:26 AM

Quote from: Tegxy on August 13, 2021, 08:14:41 AM

Quote from: yazher on August 08, 2021, 08:58:54 PM

Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...

If you compare NFT with DEFI i think current NFT has more scope and worth investing. NFT games like Axis are giving insane returns.
There are two ways to earn via NFT project. First if you have time, you could play these games and earn passive income on daily basis. Also if you do not have the time, you can only invest in NFT coins as these coins prices rises as the game become more popular.

NFTs have a much superior potential when compared to DEFI projects. Although both can be considered gambling, since you are risking your money, NFTs usually have an entertainment activity or product behind them, that are the online competitive games, while DEFI is all about pure speculation. Not that some NFTs aren't also speculative, including some which seem to have a scam approach, but there are more chances you find a legit sustainable NFT concept than a DEFI one. From a gambling perspective I think we could say the odds are more interesting in NFT niche than in DEFI one.

LUCKMCFLY

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NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.

Qunenin

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Quote from: Tegxy on August 13, 2021, 08:14:41 AM

Quote from: yazher on August 08, 2021, 08:58:54 PM

Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...

If you compare NFT with DEFI i think current NFT has more scope and worth investing. NFT games like Axis are giving insane returns.
There are two ways to earn via NFT project. First if you have time, you could play these games and earn passive income on daily basis. Also if you do not have the time, you can only invest in NFT coins as these coins prices rises as the game become more popular.

Tegxy

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Quote from: yazher on August 08, 2021, 08:58:54 PM

Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...

boyptc

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Quote from: fortunecrypto on August 12, 2021, 05:19:34 AM

All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.

I think you're right that description about gambling with those nft projects that haven't set yet some ways of making money.

The money you invest on it seems being gambled because you're only depending on their road map. And the gamble is, what if they don't get into the whole promise that's written on their road map? well, that's just an if situation.

But I think dpet is a good project and perfect example that it's flourishing its way first.

Twinkledoe

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Quote from: Dread Pirate Roberts on August 12, 2021, 07:09:50 PM

Quote from: kotajikikox on August 09, 2021, 01:38:58 AM

Actually the Idea of we need to spend money before playing is already a way of gambling mate because there are tons of free games in internet that we can enjoy without spending even a single buck but these games obliging us from buying or paying just to start the game in which not my type as a gamer

The concept of NFT games that exist today is investment. Even though they are in the form of games, they still claim that it is an investment. surely if the goal is to play games there are many games out there that are much better and no need money to spend at all. but the concept of nft games remains on the basis of investment. and definitely requires capital up front.

Like in Axie infinity, if you have no funds to shell out, you can't play, unless you will go to other route like their scholarship or something. But most players of this kind of platform are not only after for the enjoyment of the game but for the potential earnings of course. They are hoping that they will get good profits out of it. The consolation here is that you are enjoying the game while potentially earning some money. A lot of gamers are wasting a lot of time without earning anything, but this kind of game, this is a good opportunity for them. And it will also be a good introduction to gamers who are not yet crypto users. So we are looking at crypto adoption here as well.

Dread Pirate Roberts

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Quote from: kotajikikox on August 09, 2021, 01:38:58 AM

Actually the Idea of we need to spend money before playing is already a way of gambling mate because there are tons of free games in internet that we can enjoy without spending even a single buck but these games obliging us from buying or paying just to start the game in which not my type as a gamer

The concept of NFT games that exist today is investment. Even though they are in the form of games, they still claim that it is an investment. surely if the goal is to play games there are many games out there that are much better and no need money to spend at all. but the concept of nft games remains on the basis of investment. and definitely requires capital up front.

iv4n

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Quote from: fortunecrypto on August 12, 2021, 05:19:34 AM

All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.

With NFT you gamble with the price and in the game! As you said, with the hope that playing will yield some profit, but that's is not guaranteed! Also in the volatile market, you can expect big price drops!
I think that NFT games are just at the beginning, I didn't pay too much attention in this early stage, but NFT is definitely something interesting to look into it, and I think we will see many new things in the future!
Gamble or not, always invest what you can afford to lose! It's for fun and entertainment, and when you start investing more than you can afford to lose it can become a serious problem!

fortunecrypto

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All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.

Kyraishi

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Quote from: madnessteat on August 11, 2021, 10:04:52 AM

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

You're absolutely correct about this.

Most NFTs essentially a pyramid scheme that mimics the crash game. People are speculating on how far it will go up and how much the next persons are willing to pay for the same token that has no intrinsic value or hashpower to back it up.

Nothing wrong with this as long as people realise it is gambling - it is not an investment.

agustina2

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Quote from: madnessteat on August 11, 2021, 10:04:52 AM

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

It depends. What if the payment structure is stable even with the volatile market?

What's the difference between this when you buy a coin at peak then suddenly the market crashes. In these games that already built a good foundation, even in a market crash, the return of investment is possible. I think it's even quick to make an ROI here rather than waiting for a coin's price to the moon especially if the coin is not even in the Top 10 of coin's market capitalization.

Of course, there's still a risk as there's no perfect investment. But I can't consider it gambling here in NFT because we will manage it along the way. Although that was only applicable at those stable play to earn games.

just_Alice

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Quote from: just_Alice on August 10, 2021, 05:46:36 PM

I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

That is gambling in the strict definition,,, but you can gamble with your life, you can gamble with your career,,, you can definitely see people gambling in stock markets all day if you just see some stock markets, old men and old women watching the screens all day, just like in a casino:)

They consider these things games.

That’s why I gave two. Gambling with life, or in the stock markets, investment, etc. - is making risky decisions for a certain result. These NFT games, as noted by some here, look a lot like investment, but that’s also a type of gambling.

Games and gambling are different though. Not all gambling is a game and not all games are gambling.

madnessteat

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Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

adzino

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Looks like it is. And indeed a very risky form of gambling. More like people who get in first, earns the most. Currently those NFT games are the trend. Hence the value is going up with the trend. Highly likely it's going to end badly once the hype is completely over.

Quote from: cabron on August 08, 2021, 09:33:41 PM

If you could lose money from it, it's a way of gambling.

You have invest in tokens. After investing, what if the value drops? You have lost money. What if you don't get "good drops"? You again lost money. Most games are giving you items or drops which depends on your luck. So it is a form of gambling.

Cling18

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As for me, yes, I consider it as another way to gamble my money yet I could see a bigger assurance on it rather than the casual gambling that we're used to. It requires skills while we're enjoying at the same time but since it's playing to win games, I could still get my money back while earning a profit at the same time. I find it a better way to enjoy while risking a portion of my gambling funds.

perla

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Yes, it's another way to gamble your money since you are not sure if you are going to have profit after you purchase NFT but for me I think it's investment and not a gambling like placing bet. I think it's way more different than gambling itself if you consider it as a gambling then you might also consider trading as a gambling too.

bitterguy28

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Quote from: Kittygalore on August 10, 2021, 08:34:08 AM

I only play Axie Infinity so I really don't know if it's considered a gambling, the only part of it that I can think of that it's a gambling is the investment on the teams themselves, you buy them hoping that you can get a return of investment.

Yes and this does not count as Gambling literally but gamble from our choice of investments in which does not reflect in the game itself.

Quote from: just_Alice on August 10, 2021, 05:46:36 PM

I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

that is the literal definition if we talks about gambling games that offers to win or lose , but the mentioned games are created to bring fun and enjoyment though it has blended to earn.

Quote

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

but yes it is depend on what we believe and how we understand the definition of gambling .

just_Alice

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I think, based on your description, it can be considered gambling. The most popular definitions of gambling are:
“Play games of chance for money”. This one, I believe, doesn’t really apply here, because the games themselves aren’t games of chance, right? In those, you can use skills and features in order to advance further.

The other one is “Take risky action in the hope of a desired result”, which is appropriate here. While the game itself is not based on chance, it requires certain investments, and the price of NFTs changes, which makes it risky. Plus, apart from enjoying the game people seek profit here.

So yes, these games are 100% gambling.

lienfaye

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Quote from: Oasisman on August 10, 2021, 08:49:42 AM

There is a fine line between gambling and investment. Both have their own risk (high risk).
But once you lose in gambling, there's no way you can take back your money but to put more money on the next betting line (another risk).
On the other hand, when your investment declines, you could at least hold it or continue playing until you make profit without adding any more money to your capital investment.

Thats true, gambling and investment has risk but they're different when it comes to making money. NFT games are popular nowadays because of the opportunity to earn while enjoying the game, having your own strategy as an edge is necessary to have an advantage.

Plus aside from playing, investing on their tokens alone then hold are also profitable if you happen to buy the tokens at low price. So there's an option, its either you just only hold the tokens or play their games as well to maximize your profit.

Topic: Are NFT games also another way to gamble your money? - page 11. (Read 2285 times)