Will NFT bring any change in crypto gambling industry? - page 4.

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Quote from: avikz on March 24, 2021, 01:51:11 AM

Quote from: tabas on March 20, 2021, 07:32:03 PM

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.

Gaming world and gambling world are very different. In the gaming world you could still build a new dapp, which may not be a mmorpg like world of warcraft where you get an item and each item is NFT or something like that, but you could basically have a web page based game where you could have NFT and we now have a lot of dapp games that people could play.

Remember all those games that we played as a kid, all those flash games or anything else, even online ones, well it could be like that but built on blockchain and every transaction is a real one on the ledger, you could earn real money, and lose real money depending on what you do with it, you could put money in the game to buy NFT and get your gear rate up, or you could lose a fight and lose tokens for it. Anything could happen, it is all about technology improving towards that direction by some great developers.

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Quote from: avikz on March 24, 2021, 01:51:11 AM

Quote from: tabas on March 20, 2021, 07:32:03 PM

Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

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.

avikz

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Quote from: tabas on March 20, 2021, 07:32:03 PM

Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

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Quote from: South Park on March 19, 2021, 09:15:45 PM

Quote from: johhnyUA on March 19, 2021, 06:14:14 PM

Quote from: pawanjain on March 14, 2021, 12:43:33 PM

There are more number of ways NFT can be utilized in the field of gambling. The area is unexplored yet.
Only time will tell how potential NFTs can be in gamling.

Maybe you have something on your mind? Because as for me, for example, there is no any legitimate use for NFT in gambling. In fact, as i said previously here, "Buying NFT is gambling by itself" Grin

But how can casino use them? I don't know. The only way is to bet for how much price some NFT will be sold

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.

NFTs can various usecases in my perspective. In gambling it can be used for betting, it can be used as a reward, it can be used for bonuses etc... It depends on how we are implementing NFT. It doesn't always has to be a valuable barring asset.
NFT can also be used inside the games to exchange/purchase in game items etc...

As for the lateral part in your post, yes even I think that people are just getting scammed in the name of NFT. All these NFTs being sold are nothing but images sold in the form of tokens. I think it's just because of the hype.

tabas

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Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

mindrust

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Quote from: dunfida on March 20, 2021, 07:19:54 PM

Quote from: mindrust on March 20, 2021, 07:11:36 PM

Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

I 've never thought about that use case. But to make use of that feature shouldn't they design new games that operate on the eth blockchain? I mean your dota2 or CSGO items are saved at the steam servers you can't take the advantage of NFT on those.

For sure it would really be having those limitation on what are the only things that i can scope out and that wont really be changing up that much w hen it is applied on typical Dota2 or csgo games.

So far the noise had normalized down about NFT's which as expecting.Anything new does really have some noise but later on this one neither would be adopted or
forgotten.

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.

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Quote from: mindrust on March 20, 2021, 07:11:36 PM

Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

I 've never thought about that use case. But to make use of that feature shouldn't they design new games that operate on the eth blockchain? I mean your dota2 or CSGO items are saved at the steam servers you can't take the advantage of NFT on those.

For sure it would really be having those limitation on what are the only things that i can scope out and that wont really be changing up that much w hen it is applied on typical Dota2 or csgo games.

So far the noise had normalized down about NFT's which as expecting.Anything new does really have some noise but later on this one neither would be adopted or
forgotten.

mindrust

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Quote from: 2double0 on March 20, 2021, 05:00:20 PM

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.

I 've never thought about that use case. But to make use of that feature shouldn't they design new games that operate on the eth blockchain? I mean your dota2 or CSGO items are saved at the steam servers you can't take the advantage of NFT on those.

2double0

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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.

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If the crypto gambling industry evolves to a new business or expands to a new thing, maybe NFT can bring a change. But I guess that is not happening this year, and the crypto gambling industry will still be like what we see. We do not know what will happen in the future as I think the NFT will grow and if the NFT can benefit the crypto world, no matter if that is a gambling website or the other things that have relation to the crypto world. Maybe NFT needs to show the benefits to people, so there is a chance for the NFT to be used in the crypto world.

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I don't think we will see any change in gambling industry about NFT. But however it's a changing industry and new products are always welcome.
the only problem is related the real value of the items. I made a "bet" years ago buying some Crypto kitties (probably I have spent around 0.30 eth). Nowadays they are pretty worthless despite the hype of NFT. It could be valuable for the final user risk money with a bet and receive a worthless token?

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Quote from: avikz on March 11, 2021, 03:34:27 AM

As many of you might be aware of NFTs as it is getting a lot of attention from the crypto community. People are selling digital goods, artworks, gamea and unique things for millions of dollars. Even Elon's Partner has joined the bandwagon and already earned few millions. As of now, NFTs are only popular in digital marketplaces to mark the ownership of an asset through blockchain.

Now from where I see, NFT has a very good potential to be used in MMORPG games and fantasy sports segment. Even big developers like UBISoft has shown interest in NFT. Since NFT concept is very new we still have many unexplored areas of application.

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 recently read about Microsoft Mesh. This is a virtual reality technology that allows different people to interact with each other, solving different problems.

Currently, NFT is a simple encrypted file, a means of monetizing an image or video file. However, this is just the beginning!

In virtual reality, the NFT will not be a simple file, but a very complex program (tutorial, location, or virtual character). We saw such complex programs in the movie "The Matrix".

In my opinion, NFT is ideal for use in fantasy sports.

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Quote from: johhnyUA on March 19, 2021, 06:14:14 PM

Quote from: pawanjain on March 14, 2021, 12:43:33 PM

There are more number of ways NFT can be utilized in the field of gambling. The area is unexplored yet.
Only time will tell how potential NFTs can be in gamling.

Maybe you have something on your mind? Because as for me, for example, there is no any legitimate use for NFT in gambling. In fact, as i said previously here, "Buying NFT is gambling by itself" Grin

But how can casino use them? I don't know. The only way is to bet for how much price some NFT will be sold

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.

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Quote from: Lanatsa on March 19, 2021, 04:44:49 PM

Will NFT bring any change in crypto gambling industry? If one of them will be making some integration then possibly.

It can be.

But it's like a marketplace and owning and selling of what you've purchased in the market place. So if the token that's being sold and owned can be passed onto the others.

I'm wandering how it's exactly going to work, maybe they'll allow multiple ownership. Just guessing.

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Quote from: pawanjain on March 14, 2021, 12:43:33 PM

There are more number of ways NFT can be utilized in the field of gambling. The area is unexplored yet.
Only time will tell how potential NFTs can be in gamling.

Maybe you have something on your mind? Because as for me, for example, there is no any legitimate use for NFT in gambling. In fact, as i said previously here, "Buying NFT is gambling by itself" Grin

But how can casino use them? I don't know. The only way is to bet for how much price some NFT will be sold

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Quote from: RealMalatesta on March 17, 2021, 09:47:31 AM

I really do not get why NFT should be implemented for gambling neither, I mean sure it is a good project for art related stuff and even there it shouldn't really worth this much if you ask me but at least that makes sense, how would you implement NFT into gambling? That doesn't really sound like an ideal way to gamble. There is this one thing and you can own it if you pay and nobody else can own it and you.. gamble with it?

There should be the reason to implement NFT in gambling sector, Roobet runs more of art contests in the service board where they selct the best art, haven't you asked yourself what Roobet team will do with the art? For beautification or a sampling thing on their wall? To me that's where the implementation of NFT will definitely start from, or in other way round you may not even expect.

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Quote from: Swopon on March 16, 2021, 02:11:04 PM

Quote from: davis196 on March 11, 2021, 08:05:11 AM

I don't think that NTF will ever going to be implemented in the online crypto gambling industry.
The Non Fungible Tokens will stay in the gaming industry.The gambling industry is different than the gaming industry.The gambling games are based on luck,not on skills,so buying and selling game items/tokens would be pointless.The main goal of every casino is to squeeze more money from the gamblers every day,not to issue a token and sell it to the gamblers for a one-time fee,so they could trade that token with each other. Grin

Exactly, NFT is a new hype for crypto market after many phases like ICO, IEO, DEFI etc. Here, in gambling industry, casino will provide many promotional things for creating a flow of money by the gamblers. NFT will provide a trading system by which gamblers will exchange it to one another. New model can be suggested by which NFT can bring change in this industry too.

In short that would be impossible to implement right now, I too, can't imagine bringing NFT to gambling platforms as IMO NFTs are only good for auctions on Digital assets, etc. I also don't think this could be a hype even if it gets implemented, Most gamblers will still go on what they have used to. JM2C.

Quote from: Lanatsa on March 19, 2021, 04:44:49 PM

Will NFT bring any change in crypto gambling industry? If one of them will be making some integration then possibly.

That will depends on the flow of the market and the gambling industry. says 50-50.

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Quote from: RealMalatesta on March 17, 2021, 09:47:31 AM

I really do not get why NFT should be implemented for gambling neither, I mean sure it is a good project for art related stuff and even there it shouldn't really worth this much if you ask me but at least that makes sense, how would you implement NFT into gambling? That doesn't really sound like an ideal way to gamble. There is this one thing and you can own it if you pay and nobody else can own it and you.. gamble with it?

I guess the part of making profit for the casino is what they can do for these NFT. They can sell whichever is part of their history especially the popular casinos that have been staying into the industry for so long.
It's not about gambling with it but I think owning and making profit from that sold nft.

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Quote from: AmoreJaz on March 19, 2021, 04:34:35 PM

Quote from: Swopon on March 16, 2021, 02:11:04 PM

Quote from: davis196 on March 11, 2021, 08:05:11 AM

I don't think that NTF will ever going to be implemented in the online crypto gambling industry.
The Non Fungible Tokens will stay in the gaming industry.The gambling industry is different than the gaming industry.The gambling games are based on luck,not on skills,so buying and selling game items/tokens would be pointless.The main goal of every casino is to squeeze more money from the gamblers every day,not to issue a token and sell it to the gamblers for a one-time fee,so they could trade that token with each other. Grin

Exactly, NFT is a new hype for crypto market after many phases like ICO, IEO, DEFI etc. Here, in gambling industry, casino will provide many promotional things for creating a flow of money by the gamblers. NFT will provide a trading system by which gamblers will exchange it to one another. New model can be suggested by which NFT can bring change in this industry too.

it is a matter of time before these casinos will find a way how to make use of NFTs on their platform. right now, NFT is more on art collection or card collection. however, when there is hype surrounding a certain project, they will try to jump on it and look for ways how to join the bandwagon.
i have no idea what these casinos may come up with in terms of gambling, maybe gambling chips specially made for the casino? who knows? people are creative when it comes to finding reasons how join the race.

There's no doubt on what where people would join up the bandwagon if they do saw something new but lets wait for sometime if this one would really be applied or would just simply be forgotten.

Lots of hype been circling around with NFT's on this recent couple of weeks but as of this moment it seems the hype didn't really sustain that long.

Will NFT bring any change in crypto gambling industry? If one of them will be making some integration then possibly.

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Quote from: Swopon on March 16, 2021, 02:11:04 PM

Quote from: davis196 on March 11, 2021, 08:05:11 AM

I don't think that NTF will ever going to be implemented in the online crypto gambling industry.
The Non Fungible Tokens will stay in the gaming industry.The gambling industry is different than the gaming industry.The gambling games are based on luck,not on skills,so buying and selling game items/tokens would be pointless.The main goal of every casino is to squeeze more money from the gamblers every day,not to issue a token and sell it to the gamblers for a one-time fee,so they could trade that token with each other. Grin

Exactly, NFT is a new hype for crypto market after many phases like ICO, IEO, DEFI etc. Here, in gambling industry, casino will provide many promotional things for creating a flow of money by the gamblers. NFT will provide a trading system by which gamblers will exchange it to one another. New model can be suggested by which NFT can bring change in this industry too.

it is a matter of time before these casinos will find a way how to make use of NFTs on their platform. right now, NFT is more on art collection or card collection. however, when there is hype surrounding a certain project, they will try to jump on it and look for ways how to join the bandwagon.
i have no idea what these casinos may come up with in terms of gambling, maybe gambling chips specially made for the casino? who knows? people are creative when it comes to finding reasons how join the race.

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