Topic: Maybe Yet to be seen? - page 2. (Read 802 times)

People will play every game in the market to make and grab money from you. Whether it be NFT or Play to Earn games, it seems everything is being developed by greedy developers to just make money. They will do everything to create fake hype and every immoral thing in the book that you make people lose money and developers being the beneficiary.

I do not understand how regulating the NFT will the scammer not fool the people. Also, NFT won't be regulated everywhere and people will always find loopholes to get away with all the restrictions which may be put in to protect the interest of the general public.

NFT is something that can be seen in many ways, for me the technology passed through very bad hands, they were used a lot for evil, the games developed by which many people got involved and lost was something devastating for him that everything related to the NFTs, what happens is that they tainted their vision, if the image of the NFTs had not been damaged, currently everything would be under the NFTs, but it must be recognized that some casinos have managed to place all this technology for what it was always created and they have raised everything that NFTs mean, for me this is something that has a lot to do with what enthusiasts always want.


Well, it is obvious that now they do everything to be able to get money, now NFTs are regulated, it seems very good to me because that way they stop scamming people, many investors are always looking for the best options to put their money. and if they were scared in 2021 when a group of devs made pyramid systems, ponzi schemes within games that was of the "Make Money" style and that was what shook the NFTs a lot and that is why now many do not trust the NFTs, In fact, what has made people trust NFT again is the trust that casinos give to implement that technology and in turn things will grow on the part of the metaverses.

Playing with Slotie's NFTs Regulators in four states of Texas, Kentucky, New Jersey and Alabama considered that Slotie was involved investors in illegal gambling activities in the metaverse and also illegally placed shares under the guise of selling 10,000 NFTs.
According to the order, Slotie must immediately stop selling NFT until it registers them as securities, in case of non-compliance with the requirements, the founders of the firm face a fine of up to $ 10,000.

Source: https://www.cnbc.com/2022/10/20/four-us-states-order-a-metaverse-casino-to-halt-sale-of-nfts.html

Well, the NFTs are a very scratchy topic, because since 2021 it has been a controversial topic because thanks to the very bad performance of some devs they managed to make highly developed ponzi schemes and other schemes that left people with very bad money, they made them lose a lot of money and in fact this was put into it, but fortunately there are casinos that have somewhat rescued the image of NFTs, as in the case of ROLLBIT, it is a casino that has its own NFTs and it was very easy for me to take advantage of that to be able to get a good deal on them Proevho, maybe in your project you have as a projection to take advantage of slots based on NFT balance.

If we see casinos as a way to revive NFTs, there is no need to be afraid, in part I know many have lost money here with NFT games, but there is something they do not see, it is the potential that NFTs really have and when it is associated with a casino there is a guarantee that things will not get out of hand and that they will not implement an unbearable economy nor will they scam us, in context I think that we, as we have been in many crypto events and have seen what it is capable of if the technology is achieved, it cannot just stay there, the metaverses are coming, and in a casino within a metaverse with NFT things will look very different.

Right. I think that's why NFTs are so interesting. There are endless possibilities of how they can be used to improve the user experience for a variety of businesses. Adding non-fungible tokens to an online gambling platform can bring a lot of value to customers. We already saw what ERC721 tokens did for online gaming with cryptokitties and they can do the same for online gambling sites that have embraced them. One of the things I've noticed with this model is that users see value in their tokens, which creates loyalty and increases engagement level.
At this point, they're not a necessity by any means, but in the long run, online casinos will have to start incorporating them if they want to reach the next level of innovation. It's all about giving customers what they want and providing unique experiences and opportunities. How long before gambling is based on NFTs and everything you play with has some value to you? It will be interesting to see what happens.

I am with you on this, more is to be done soon, and many developments would surprise people towards what they did not expect. I had thought of it myself and since I have seen this thread in addition, it means many people are thinking the same thing. So, it will not take long before professionals in the field will put their hands on the desk. NFT should not be an issue in gambling, the adoption should be simpler with the level at which technology surrounding crypto and gambling is advancing.

We cant actually tell the right time on when these innovations would pop out and would be applied on the current games that we do have today but pretty much sure that there would be new things that could really be seen in the future.Changes and innovation doesnt really stop as years going by and this is an inevitable thing.We cant just remain on the same system like forever.Knowing on such industry where
competition is high which companies or teams will really be definitely finding ways for them to create something new or havent been offered or seen in the market since we know
that being the first would really be the ones who would get the biggest revenue as gamblers would really be tending to try something new.

^Definitely right, it is a part of the revolution in which we know our technology is revolving.
Virtual games are already there that are pretty sure can be used in NFTs games to gamble, it has been a hot topic here before but I don't know why it suddenly appears, and probably some developers now working on it on how to apply NFTs are to the gambling industry.
However, we are in the processing stage at the moment and probably there will be a better result by next year regarding NFTs games.

It's not about how you feel about NFTs or what you think about it. I've read a lot about this subject and it seems that many old adopters believe NFT is the next revolution. I totally agree with them as there is no limitation to where NFTs can be useful. What may limit you is your own imagination.
You can make a Google search about where NFTs can be used and you will be amazed by the answers.

I think instead of having the old way of achieving a VIP through wagers, some casino just came up with a new idea and introduce NFT. Becoming a VIP this way is much faster but the catch is that the price of the NFT's are also expensive.

Degenverse partners with a popular site like b.c game to help them market their NFT's faster but it's great that there are different ways to obtain the NFT and not just by buying it directly. If we get lucky then we can win money while at the same time getting the NFT for free which will also entitles us for more prizes later on. I think many will look forward on the Twitter and forum giveaway since it's likely to be free as well.

Casinos want to embrace the hype of NFTs introducing a concept related to it to their platforms. I think it's more marketing than anything else, but at same time it doesn't mean it's a complete waste of time and money for gamblers, because depending the benefits offered by the house, some NFTs can be really rewarding and profitable. Keep in mind profit isn't made only when selling NFTs, but also by holding them when the casino guarantees a benefit for you when doing so. Therefore, you don't need to rely yourself only on speculation to make profit with NFTs, what is an extra guarantee when going for this kind of token.

Why not? What's wrong with rewarding players with NFTs? They are tokens After all and if the casino can guaratee they will have some value and can be exchanged then I don't see anything wrong with this idea.
Besides, NFTs can be used in different ways to improve the user experience. For example, a player can get access to special features and promotions or have a special membership depending on the NFT he owns.

NFT I would equate with in game items for games that can be traded on a market.  They can have a monetary value in exchange and in time can be used as gambling tokens, this is all meta from 2014 or earlier and its not new just because of us recognizing the current variant of NFT.  Though its hit the mainstream we've had sites for selective tokens to examine, collect, advertise, exchange, sell, gamble for many years now.   The systems Ive seen have been centralized not really what I would call crypto but still comparable to the ideas proposed now.
   The main problem with the artwork NFT I've seen is they do go out of their way to vary them considerably, thats the main obstacle can an automated website recognize a value possible to gamble with accurately.  Not completely straightforward but like anything if there is demand it can happen, there is some premium to operate this idea say about 5% maybe more to start is probably fair and thats attractive to business to proceed with and deal with any demand to gamble NFT.

NFT is not all about art since its a token wrapped. It just being used to store an art during its initial release but it's use already diversify in different category and one of them is on casino industry. Some casino like Rollbit introduced there Rollbet NFT to give additional benefits to there players by just holding it. The benefits varies on the rarity of the casino which makes casino players crazy to hunt a rare NFT ro have a better casino benefits.

I don't see the point of using NFT in gambling.

NFT is art) Why don't casinos reward players with paintings by Picasso, Malevich, Dali? Did that question make you smile? But these artists made art. Well if casinos are using NFT to reward players it would only make me smile.

(1) Yes, it is possible just like how some casinos have already made their own tokens so why not integrate their casino with an NFT. However, it will still depend on the casino itself if they see that NFT will be profitable on their end.
(2) In case casinos will integrate or create an NFT for their platform then the use case of each NFT will depend on the casino and how they will assign each of it. One possible use case that I can think of is exclusive bonuses, promotions, and services that they can receive and enjoy for their corresponding NFTs.

- I have no idea about this dude. Maybe that depends on the owner of a crypto-gambling platform.


- Maybe it still depends on the status of an NFT to be introduced in crypto gambling. If it has a good value in the market, maybe a gambler can grab it.


- I don't think I've ever seen someone do such a thing as an influencer on the live platform of gambling here in cryptocurrency using web3, or maybe it's not updated.

With the recent update with Rollbit, I think all of this are already available on that platform since they already allow to create a team which aims to beat the house so probably you can bring your friend and gamble together. NFTs are also available on this platform, it’s utilities is more on giving privileges where you can get something if you are holding NFTs. They also have promotions before if you are going to deposit NFTs on their platform, you can get huge bonuses for that. Rollbit seems to be ahead when it comes to NFTs adoption.

The utility that you're looking for could be the same with the tokens that some casinos have. There could be some benefits like lessening withdrawal fees and having you a portion of what they earn.

And for a way to meet other players and interact with them, just sit on a poker table with your friends and play as you discuss anything you want to do. No video but you can chat freely but I think what you like is sort of part of the Metaverse projects where there's an in-game casino and that's it.

As some users here already mentioned, we have some gambling sites that already issued an nft as a reward to they players in the past and rollbit is one of such casinos that have launched their own NFTs issuance in the past and other cases may have followed similar steps also.

 We are aware of the many possibilities in the NFTs and web3 development and how impactful it has become in the gaming industry at this moment.