Are NFT games also another way to gamble your money? - page 4.

carlisle1

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Quote from: Dedewahyu on August 23, 2021, 09:24:41 AM

I always do research in making decisions, for me not all NFT games are bad, one of which Project Itam with its Middleware will launch the Lime Odissey M game, an MMORPG game based on play to earn, and this game can be played for free. there is no difference all players can get the playtoearn, every NFT that is obtained from the game, can be staked to get LimeM coins. for ROI problems, I think this game will quickly achieve ROI.

just make to do your research whatever NFT project you support as long as you do your job
it lessen the chance of making mistake in choosing the right one for you.

Play to earn still hot and lots of new projects are showing up from time to time.

Sorting and picking the best one always rely with your own decision after working with your study.

You are risking money how good the project might it be but with high confidence the chance to earn is very possible after.

andireynold98

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Quote from: CryptoG99 on August 23, 2021, 09:16:58 AM

Getting an NFT is like getting any other asset, just because it is digital doesn't make it any different.
Your asset is worth whatever someone else is willing to pay for it.
I like to use Colosseum Cards as a current example. In this upcoming NFT game you can get Football players as NFTs and use them within the game. No difference the collecting and trading magic or baseball cards back in the day. The only difference with Colosseum Cards, since they are digital, they can be traded worldwide, used in the utility of the "game" and also you as the original opener of the NFT card can get passive income when those cards are ever traded again.

Yes really love Colosseum Cars with their football players as NFT. Also that i heard they will release for a whole sports in the future, so this is really huge for those sport fans. I do really basketball rather than football so yeah, i will looking forward to Colosseum Card as well. Also with their feature that we can make a dream team for sure that i really love it

Pelana vreo

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I have 2 NFT game characters, and currently in Demo version but in the next 3 weeks the game will be released, this project has a NFT trading platform, so I bought it and yes, it seems when the number of demand is increasing and the number of game characters is limited then the price will go up, it's like trading in general, but NFT has value good artistic and digital art.
Etna.network have a great idea for #P2E games and I'm planning to do some more research on a new project that has a gaming platform.

Dedewahyu

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I always do research in making decisions, for me not all NFT games are bad, one of which Project Itam with its Middleware will launch the Lime Odissey M game, an MMORPG game based on play to earn, and this game can be played for free. there is no difference all players can get the playtoearn, every NFT that is obtained from the game, can be staked to get LimeM coins. for ROI problems, I think this game will quickly achieve ROI.

CryptoG99

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Getting an NFT is like getting any other asset, just because it is digital doesn't make it any different.
Your asset is worth whatever someone else is willing to pay for it.
I like to use Colosseum Cards as a current example. In this upcoming NFT game you can get Football players as NFTs and use them within the game. No difference the collecting and trading magic or baseball cards back in the day. The only difference with Colosseum Cards, since they are digital, they can be traded worldwide, used in the utility of the "game" and also you as the original opener of the NFT card can get passive income when those cards are ever traded again.

KTChampions

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Quote from: finaleshot2016 on August 22, 2021, 10:42:39 AM

I also invested in an NFT game called MIST, which is an MMORPG game, and I believe it will be successful soon because it is a popular game type. It's also an investment, and I'd like to risk a tiny portion of my funds on it because it's still in development and has the potential to grow in the future. I'm hoping that this game will provide me with a quick return on investment, allowing me to reap the benefits of being an early investor in an NFT game.

Have you participated in ICO? I looked at the distribution of the project tokens here and it does not seem optimistic to me in terms of price growth https://coinmarketcap.com/currencies/mist/ico/ - The overwhelming majority of tokens are controlled by the project team and early investors; this does not cause a desire to invest in the project.

finaleshot2016

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NFT and play to earn are considered gambling they are in the market and because they are in the market they are considered investment and investment in Cryptocurrency is considered gambling, that is why we have this saying only invest what you can afford to lose, I invested in 3 NFT and waiting for their development I know it's gambling and I take the risk just like I do when playing in a gambling site.

I also invested in an NFT game called MIST, which is an MMORPG game, and I believe it will be successful soon because it is a popular game type. It's also an investment, and I'd like to risk a tiny portion of my funds on it because it's still in development and has the potential to grow in the future. I'm hoping that this game will provide me with a quick return on investment, allowing me to reap the benefits of being an early investor in an NFT game.

KTChampions

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Quote from: JohnBitCo on August 22, 2021, 03:43:12 AM

NFT games can give you big return if you are able to choose between the good and the bad. Because of the recent trend of NFT games, there are many fake games in the market which are made to get money from you and have no future. You should not invest in these types of games and only look to invest in games which are legit and have good feedback from the players.

Good advice! Like selling on highs, buy on low Wink

In fact, it is quite difficult to understand which project is serious and will arouse public interest and which is a dummy, especially at an early stage. And after it is already clear that the project is working and it is promising, it is too late to make investments, since the prices are already high. By the way, maybe you can advise projects that would be worth paying attention to?

pawanjain

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Nothing lasts forever

If you look at it from that perspective then everything is pretty much a gamble.
For example : You invest in any particular coin then you are taking the risk and hoping for it to increase in price over the years.

NFT doesn't have anything to do with gambling itself and it's just a way of representing a particular thing.
And yes, NFTs can also be gambled because when you buy it you are putting your money at risk and hoping that someone else would buy it from you at a higher price.
That's ofcourse if you are buying to make a profit out of it and not just to showcase.

maju69

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Quote from: RokokGudangGaram on August 20, 2021, 11:45:43 AM

It will be dependent on how a user see and choose to use NFT. And I am glad to know that we are one on the thought that it is an actual game that is fun, flexible, and can be profitable as well for the players of the game.

One of the Games I'm trying to work on is quite fun, and before launch we've done some mining using the NFT, we can sell it as well we can hire it to generate GFT Tokens. The more rare it will guarantee the price. Maybe that's my thinking where NFT is more about development which can't be called gambling.

If you want to try it then you can learn about NFT https://github.com/GameFantasyDev/StarLinkBetaTest/blob/main/GameGuide-EN.md

JohnBitCo

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Quote from: uneng on August 20, 2021, 01:31:51 PM

Quote from: Dread Pirate Roberts on August 20, 2021, 07:11:54 AM

Quote from: uneng on August 19, 2021, 07:42:32 PM

It's not too risky depending the game. If it's a well developed game which people also play for fun and because the game is good the risk is lower. But if the game is just like a common site where players click few times a day to collect daily income then the risk is much higher. It's like low and high risk bets. Between both options I think it's better to invest in the first category, because they tend to last longer and make more success on long run.

Most of NFT games are built for their user ecosystem and not for players risk their money. so yes nft are less risk than gambling . the concept is play to earn. and of course capital is needed to start because basically this is a financial investment in a gaming system. maybe there is an NFT that provides gambling features like that. but what is popular today in NFT games are offers more user play to earn.

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

NFT games can give you big return if you are able to choose between the good and the bad. Because of the recent trend of NFT games, there are many fake games in the market which are made to get money from you and have no future. You should not invest in these types of games and only look to invest in games which are legit and have good feedback from the players.

smyslov

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Quote from: lienfaye on August 22, 2021, 02:59:37 AM

It has risk so yes its gambling, playing games while investing on the tokens are profitable if you happen to hit the right project to invest your hard-earned money.

DPET boss fight event was such a huge failure many incurred big fees without return of their investment and many are crying foul and disappointed because the developers are not yet ready for a massive transaction that so many transactions failed but they are charged I consider these NFT as gambling, you have to invest to earn here and the play to earn features are not yet launched if you don't consider this as gambling then only Join when they have it and when the price is already high.

lienfaye

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Quote from: molsewid on August 22, 2021, 02:38:08 AM

Quote from: uneng on August 20, 2021, 01:31:51 PM

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

Now, NFT games were in a hype and every exchanges were reporting that the most trending token today were almost associated with NFT games that features a "play to earn" concept. Many of this NFT games were now open to play to earn and so far many people that was an early investors of these projects so far took already their return of investments, however there are also some new NFT game projects that catch already many investors however the "play to earn" is not yet open. But so far, this kind of projects is just a good project and I think it's worth it for investment but of course be ready to take the risks.

Many people are showing interest with NFT games because aside from investing on their tokens (and possible gain from it in the future), the additional way to earn while playing their games are really attractive.

Thats why even other projects are not yet opening their play to earn feature, investors are already taking advantage by engaging themselves while its still cheap.

It has risk so yes its gambling, playing games while investing on the tokens are profitable if you happen to hit the right project to invest your hard-earned money.

molsewid

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Quote from: uneng on August 20, 2021, 01:31:51 PM

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

Now, NFT games were in a hype and every exchanges were reporting that the most trending token today were almost associated with NFT games that features a "play to earn" concept. Many of this NFT games were now open to play to earn and so far many people that was an early investors of these projects so far took already their return of investments, however there are also some new NFT game projects that catch already many investors however the "play to earn" is not yet open. But so far, this kind of projects is just a good project and I think it's worth it for investment but of course be ready to take the risks.

uneng

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Quote from: Dread Pirate Roberts on August 20, 2021, 07:11:54 AM

Quote from: uneng on August 19, 2021, 07:42:32 PM

It's not too risky depending the game. If it's a well developed game which people also play for fun and because the game is good the risk is lower. But if the game is just like a common site where players click few times a day to collect daily income then the risk is much higher. It's like low and high risk bets. Between both options I think it's better to invest in the first category, because they tend to last longer and make more success on long run.

Most of NFT games are built for their user ecosystem and not for players risk their money. so yes nft are less risk than gambling . the concept is play to earn. and of course capital is needed to start because basically this is a financial investment in a gaming system. maybe there is an NFT that provides gambling features like that. but what is popular today in NFT games are offers more user play to earn.

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

Fredomago

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Quote from: ultrloa on August 20, 2021, 07:19:47 AM

All type of investment is so risky so even if we Do our research still we cannot eliminate the risk but as long as we are riding the hype and go with those project who have good liquidities then provably we can get a little assurance that they will not rug pull easily and stay for quite sometime. Also always think about when investing is invest only what we can afford to lose and forget our money when we are in the platform so that we will not get hurt when all things goes bad between your investments.

Said it right! Nothing is sure in terms of investment, not even you completely deal with your research chances that the project will fail still possible, there are good team at the start but in long process they also runaway with investors' money.

If you ride with the right train though your chance is great, like what's happening with Axie most of those who ride are getting decent profits and they really enjoying it.

Investment is for those who can take and handle the risk, but more for those who are wise who know how to pick the right ride. Grin

KTChampions

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Quote from: timerland on August 19, 2021, 07:01:46 PM

I see it differently based on the nature of the project.

Stuff like pulling cards are completely random and therefore probably can be considered as gambling. Whereas picking individual projects to invest in does not necessarily constitute gambling in the traditional sense as if you have the right networks and insight you can certainly gain an edge over the rest of the crowd.

Is the latter still risky? Absolutely. But there are certainly prolific NFT investors that have shown that they have the strategy/platform to consistently pick winners - so it's speculation at best.

I think the majority of successful NTF investments (whether it's a game or just individual NTFs) is most likely insider trading. This area is practically not regulated in any way and nothing prevents large players from making their own project and then imitating its popularity with the help of bots and fake transactions. In a growing market, this is pretty easy.

RokokGudangGaram

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Quote from: maju69 on August 20, 2021, 09:53:04 AM

Quote from: Johnyz on August 19, 2021, 04:54:07 PM

Quote from: maju69 on August 19, 2021, 11:10:24 AM

Quote from: RokokGudangGaram on August 19, 2021, 12:46:57 AM

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

Because most of today's NFT Games are actually very fun and can't really be said to be completely gambling. We are still playing and benefiting from NFT which can be employed such as completing tasks, some even doing mining. I'm currently using it to mine some tokens that can be traded on their own site and that's very profitable.

It will be dependent on how a user see and choose to use NFT. And I am glad to know that we are one on the thought that it is an actual game that is fun, flexible, and can be profitable as well for the players of the game.

maju69

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Quote from: Johnyz on August 19, 2021, 04:54:07 PM

Quote from: maju69 on August 19, 2021, 11:10:24 AM

Quote from: RokokGudangGaram on August 19, 2021, 12:46:57 AM

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

Because most of today's NFT Games are actually very fun and can't really be said to be completely gambling. We are still playing and benefiting from NFT which can be employed such as completing tasks, some even doing mining. I'm currently using it to mine some tokens that can be traded on their own site and that's very profitable.

Wexnident

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Quote from: Oilacris on August 20, 2021, 05:29:52 AM

Actually its really just too easy to say but choosing the best one would really be a hard thing to be considered but using up your common would also help on making out decisions specially to this.

You could at least make out presumptions that it would have potential.I do normally check out on their whitepaper and roadmap and look if they do actually able to follow it or else i would simply skip it.

For initial phase or talking literally into those games which had recently started then its hard to determine but somehow you can look basing up on UI/UX itself it its really worth the risk.

On the other hand, though, most nft projects bring about the biggest profits at the initial launch. Mostly because most of the stuff that's happening right now is being hyped and most people are just entering everything literally at day one since they believe that every nft is a chance to make money. It is though but in the long run? It's too early to say I'd reckon. Look at Axie Infinity, it took quite a while for it to boom, experienced a high period, then dropped off slowly, until they release more content.

Topic: Are NFT games also another way to gamble your money? - page 4. (Read 2292 times)