NFT is a new hype in the crypto market and it can be used in gambling sector too. Gamblers can sell the event of winning or something like that. Basically, NFT is a new trend and it js getting popular day by day. So, it may bring some change in crypto gambling industry but not radically.
If NFT can explode and become a new trend in the crypto gambling site, it can change the gambling industry as people can use NFT for playing gambling. But we will see if NFT is just a temporary trend or it can continue in the future because that will depend on how people support NFT to be used for playing gambling. But still, bitcoin and altcoin are more popular than NFT, and I think people prefer to use them to play gambling. 
Topic: Will NFT bring any change in crypto gambling industry? - page 3. (Read 1223 times)
It seems the main participation of NFTs in gambling would be as reward prize. My fear is that these non fungible tokens start being rewarded to lucky gamblers without any real value in fact. Similar to ICOs rewarding bounty hunters priceless tokens in exchange for their promoting services. To make NFTs worthful as prizes they have to be really special and demanded by the market, otherwise it makes no sense to wager money in order to earn them.
Yeah I think I can see a way for this. Imagine if you could "mine" tokens to buy NFTs, as in tokens only minable from wagering, and NFTs that can only be purchased with those specific tokens.
You could definitely get some sponsors/ambassadors to put up some item of theirs for this.
At this time NFT'S are most hyped trend in crypto market and most probably they are stick to digital artworks,tweets,songs,gaming but not to the crytpo-related gambling sites.They just represent Digital ownership of something unique that everyone can see.The gamblers might also be selling their unique titles or high winning bets or any piece of gambling which they have achieved in the form of NFT for millions few days later,who knows.Giving right to the VIP member and providing them privileges over other members may be another technique of casino owners.The trends can lead in any way you can't say exactly.
I'm still thinking how that could be possible. The application of NFT in the gambling industry. We can only define one thing in gambling and that's we're going to spend it.
As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
How about gambling with NFT's on the line? From what I understood, it should work like a trading card game where each card is unique, so basically it's like there's an n amount of cards in the world and people could place a value on them when buying it, and then use that to trade/gamble. Heck, it could also be used as a sort of prize for lucky wheels or something like that. It isn't necessarily used in the process of gambling though, but probably the payments used could be influenced by NFTs. As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
You've got a good idea about gambling with it and can be defined with their rarity based on the value of it and how many have been made. That would be a cool idea if the NFTs as you've said trading cards.
Like pokemon, nba and other popular trading cards that's put as NFT.
NFT is a new hype in the crypto market and it can be used in gambling sector too. Gamblers can sell the event of winning or something like that. Basically, NFT is a new trend and it js getting popular day by day. So, it may bring some change in crypto gambling industry but not radically.
I'm still thinking how that could be possible. The application of NFT in the gambling industry. We can only define one thing in gambling and that's we're going to spend it.
As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
How about gambling with NFT's on the line? From what I understood, it should work like a trading card game where each card is unique, so basically it's like there's an n amount of cards in the world and people could place a value on them when buying it, and then use that to trade/gamble. Heck, it could also be used as a sort of prize for lucky wheels or something like that. It isn't necessarily used in the process of gambling though, but probably the payments used could be influenced by NFTs. As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
You've got a good idea about gambling with it and can be defined with their rarity based on the value of it and how many have been made. That would be a cool idea if the NFTs as you've said trading cards.
Like pokemon, nba and other popular trading cards that's put as NFT.
The same on NFT art scene we need fire starter to hype up the NFT in gambling since if rich people will invest on it inform of gambling for sure it will create a massive news an might this could bring a good infect on gambling industry. But the question here now is who will invest a lot of money to help the gambling community? Maybe there are people will come to support this so maybe lets speculate on what will happen next.
Exactly but before who are the people that will invest in NFT related to gambling, what shall be the application of it.But just as the guy who bought beeple's nft, if there is a really rich person that just wants to show support to the community, he might do it.
Do you think NFT concept will be used in crypto gambling industry in near future? What change it will bring into this industry? Let's discuss!
I do agree that NFT has brought new and fresher ideas about crypto use cases. Creativity is now open widely in relation to crypto.Well, about applying NFT in the gambling industry, actually I still don't have an idea about what kind of implementation it will be. However, if there is at least one that is trying to implement it, I am pretty sure that many others may be also following.
NFT in the gambling industry may be implemented in one of the parts of the industry.
The same on NFT art scene we need fire starter to hype up the NFT in gambling since if rich people will invest on it inform of gambling for sure it will create a massive news an might this could bring a good infect on gambling industry. But the question here now is who will invest a lot of money to help the gambling community? Maybe there are people will come to support this so maybe lets speculate on what will happen next.
If investments have prospects for making a profit, then there will be a lot of them. If they are not there, then most likely this means that investors regard this direction as unpromising and I tend to agree with them. At the moment, it looks like a hype with ghostly chances of moving into something really useful after some time.
NFTs are creating a huge mess everywhere and for the first time since I heard bitcoin I am not excited at all about these non-fungible tokens. To me, they are silly, useless to say the least. I see they could have an actual use in the gambling or online gaming industry but I cannot care less about them!
But a player-driven economy would actually make it progress quite well imo. I myself am actually looking for one such games tbh, and one that can also be rather friendly to newbies so that they can easily integrate into the game. Besides, if selling was an issue, game devs can just put out fees, or taxes so to speak. I'd reckon they'd agree to such a thing, especially since it'd be glaringly obvious the game was for others to use their creativity and sell stuff based on that. The game dev would be hit by a reputation loss if they ever tried to claim ownership of that (lest they put it in T&A ofc)
When real money gets involved, the game turns into a buy low/sell high ebay game.
The game developers don't want that because people start to see it as a job and look for ways to exploit the game. When ebay gaming becomes more attractive the game itself, it is a problem.
I was a diablo iii player for a while and the exact same thing happened. Diablo came out with a real money auction house and few months later the devs removed it.
The same on NFT art scene we need fire starter to hype up the NFT in gambling since if rich people will invest on it inform of gambling for sure it will create a massive news an might this could bring a good infect on gambling industry. But the question here now is who will invest a lot of money to help the gambling community? Maybe there are people will come to support this so maybe lets speculate on what will happen next.
I'm still thinking how that could be possible. The application of NFT in the gambling industry. We can only define one thing in gambling and that's we're going to spend it.
As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
How about gambling with NFT's on the line? From what I understood, it should work like a trading card game where each card is unique, so basically it's like there's an n amount of cards in the world and people could place a value on them when buying it, and then use that to trade/gamble. Heck, it could also be used as a sort of prize for lucky wheels or something like that. It isn't necessarily used in the process of gambling though, but probably the payments used could be influenced by NFTs. As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
Exactly.
There is another issue. The game developers won't want a market which is out of their control. Think about a game like World of Warcraft. If you don't get caught (it is an offense I believe), you can sell game gold for money but the gold transaction is happening in game where blizzard have the control, not on a blockchain where blizzard can't do anything. Why is this important? The game masters can delete or add gold to whoever they want or reverse the transactions. Why they can do that? Because it is their game that's why.
If the game creator cannot control his own game's economy, that means he practically doesn't own that game anymore and no game dev would want it.
But a player-driven economy would actually make it progress quite well imo. I myself am actually looking for one such games tbh, and one that can also be rather friendly to newbies so that they can easily integrate into the game. Besides, if selling was an issue, game devs can just put out fees, or taxes so to speak. I'd reckon they'd agree to such a thing, especially since it'd be glaringly obvious the game was for others to use their creativity and sell stuff based on that. The game dev would be hit by a reputation loss if they ever tried to claim ownership of that (lest they put it in T&A ofc) There is another issue. The game developers won't want a market which is out of their control. Think about a game like World of Warcraft. If you don't get caught (it is an offense I believe), you can sell game gold for money but the gold transaction is happening in game where blizzard have the control, not on a blockchain where blizzard can't do anything. Why is this important? The game masters can delete or add gold to whoever they want or reverse the transactions. Why they can do that? Because it is their game that's why.
If the game creator cannot control his own game's economy, that means he practically doesn't own that game anymore and no game dev would want it.
I think that's for sure...
NFT is trending and in the discussion, maybe there will be a good concept that can combine NFT with gambling. *NFT is pretty interesting IMO
I'm still thinking how that could be possible. The application of NFT in the gambling industry. We can only define one thing in gambling and that's we're going to spend it. NFT is trending and in the discussion, maybe there will be a good concept that can combine NFT with gambling. *NFT is pretty interesting IMO
As for NFT, there will be produced for only one NFT and seen some others for a very few quantities. How could that be able to be applied but I'm sure that there must be some interesting part on that matter.
In the end I still don't see the need for an NFT for virtual game items. It is not that you need the accuracy of a blockchain when you are trading game items. The centralized steam servers already work fine for that job.
NFT is just another solution looking for a problem.
NFT is just another solution looking for a problem.
Most game publishers are trying to block the sale of in-game items outside their platform, so they will not even consider the possibilities of the NTF, since they are not initially interested in such trading. In addition, in order for the NTF token to exactly correspond to the right to some object within the game, this game must use the blockchain. To be honest, I don't remember a single successful game on the blockchain except dice
In my opinion NFTs will not bring any big change in crypto gambling, because it is just a big hype right now. Nothing more. Most people invest, no, let's say speculate with NFTs just for one reason: They want to make money. The art market on the other hand is there because people want to show what they have. This is very problematic with NFTs because you have firstly to open your wallet...
NFT can be implemented as special prizes, if not jackpots to some games that require some stroke of luck. It can also be implemented as milestone rewards in certain sites for patronizing their specific platform instead of others. The world is your oyster when it comes to NFT, so to say that it doesn't show huge potential is like saying that a guy working diligently can't make it in life.
I think that's for sure...
NFT is trending and in the discussion, maybe there will be a good concept that can combine NFT with gambling. *NFT is pretty interesting IMO
NFT is trending and in the discussion, maybe there will be a good concept that can combine NFT with gambling. *NFT is pretty interesting IMO
I think the same, the only way I could see something like this eventually becoming part of the gambling scene is if there was something similar to sport bets but with NFTs in which the casino gave odds for the price in which a NFT could be sold, something like an over and under, other than that I think that NFTs despite their good intention will be nothing more but yet another fad that will be used by scammers to get all the money they can from gullible investors.
Another idea is to bet with NFT, lol. You've got a pack of NFT tokens with different value and you use them as chips in poker. All bets with such nft is stored in blockchain so we can see who owned our "chip" few days ago
In my opinion NFTs will not bring any big change in crypto gambling, because it is just a big hype right now. Nothing more. Most people invest, no, let's say speculate with NFTs just for one reason: They want to make money. The art market on the other hand is there because people want to show what they have. This is very problematic with NFTs because you have firstly to open your wallet...
Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.
It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it.
then there would be some changes but i wont really still make out some assumptions that this could really be a successful one.
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