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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 think that NFT can change how we play in gambling although it won't be for a lot of games, maybe they will introduce NFT chips in poker where you have the chips have a corresponding value and the only way for them to grow in value is when they are being used in poker matches. NFTs can be used as a means of payment for almost any games that I can think of in any online casinos. Also, Elon doesn't have a wife, he is divorced and his current partner is Grimes meaning that they aren't yet husband and wife, but that is not the point, the ones who get in the NFT bandwagon first is definitely seeing a big profit.

Sorare players trade cards for thousands of dollars already. I think the NFT collectibles market is going to explode in popularity soon.

I don't think it will bring a radical change to the crypto industry even in the long run but I agree with you it can have a huge success in being used in games where you have to buy things to upgrade your player,Steam should think about this as it can also be a successful addition there.

Those who would benefit from the NFT's are probably those with unique winning bets or the casino itself.

Imagine someone well-known in the gambling industry, let's say the winner of WSOP events. He can sell the video of him winning or something like that. Since NFT is relatively new, it's still won't be well known, but the value of NFT would be dependent on how famous the person is. It's always going to be linked to that.

Premium things would be ideal, like the first poker bet, number 1 bet on a specific site. That could be an ideal NFT. If someone is going to buy it, it will have value.

That's just my view on it. It's still too early to say, but it's going to grow, IMO. Not too much in the gambling industry but in other sectors, probably.

In another thread here it was mentioned that Atari is planning an online casino where many of their classics can be played. This would definitely be an opportunity to make more money with NFTs. Imagine Atari releasing a limited edition artwork of their most famous games as NFTs ... there would be a lot of buyers here in my opinion.

So in a combination with crypto casinos, I actually see a market for NFTs. I don't know if Bustadice should also offer an NFT, but for brands that are known beyond the crypto scene - like Atari - it definitely makes sense.

If I understand correctly, NFT is a digital art. It has no real usage and their value is determined only by demand. I dont understand what kind of changes NFT could bring, but I think it will be similar to skins in esports. Players will trade them just to look different or stand out.
In my opinion, NFT will be just another "payment" method in crypto gambling. And it will be used most in PvP gambling games only.

I think the influence largely depends on whether NFTs indeed become the next big thing. There's a lot of hype now, but it might be temporary. If, however, this is just the beginning, there can be various use cases. For instance, there could be bets on the price of a particular NFT at a particular point in time; there could be sports-related NFTs (potentially) that boost the popularity of some teams. But I think that gaming rather than gambling is likely to become more affected with NFTs because many games rely on digital items heavily already, so it could be a way to expand for them.

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. ;D
 

Possibly, but I cannot think of specific large-scale gambling games such as dice, roulette, poker, etc which need of non-fungible tokens. It is a lot better for the tokens or coins used in gambling to be fungible. BTC and other altcoins used in gambling are much preferred as they are also currencies in themselves. It does not matter whether the BTC you are winning is coming from anybody because it is BTC. Possibly, a highly niche-based specific game involving bets which are sort of collectibles will surface one day.

I have to make some research on NFT to be honest.

I love gambling, I'm constantly playing but I only use altcoins and bitcoin for my gambling.
What's really the concept of this project, why is it special and why we think it has a great potential in the future?

I check in CMC and find this. https://coinmarketcap.com/currencies/nft/markets/ (is this it?)

I think it will mark in the gambling space as well, just this day I see at https://v.cent.co even those tweets are getting sold and I think the same as to gambling but I don't see on what areas yet it will bloom. I think of few things like a jackpot bet, a unique bet from sports or any type of gambling bet, a video of your jackpot, I'd see there are areas it may bloom maybe there are others that may share their ideas.

First bet on crypto gambling as an NFT? I think that may be hectic to search but it's worth it to auction I think.

First, I think if you can sell/trade it, you can gamble it. It means that it will open the possibility to bet NFT to get another NFT or use it as a prize. Secondly, we can use NFT to get perks. For example, golden or platinum dice will get you -%HE, etc. Try Traderacemanager by IOI, as it implements the second concept where users can get perks from owning NFT cars.

I don't see big changes to the 'gambling' industry to be honest unless the game providers would create avenue for NFTs and take advantage of the hype. I don't consider gamblers or gambling companies making collectibles and selling them as bringing "change".

Aside from the digital art, Blockchain Items that we can get from different blockchain games can be considered as NFT too.

Now with regards to NFT being connected to crypto gambling, NFT's doesn't have any connection with it directly at least for now. The connection that I can only see between these 2 is that when the owner of NFT decides to sell his NFT and then use the money into crypto gambling but aside from that, nothing more but who knows. We can't predict what can happen in the future :D. We might see some gambling sites that has NFT feature on it. We'll see about that :)

May be the gaming industry might adopt the concept, when i first heard about it i had no idea about how successful it could be and how long we will see that succeed as i have my doubts in the entire digital arts concept and how it can be valuable but then there are games that allows you to trade like Entropia and the NFT concept is prime for games like that and we might see a revolution. 

IMO, there’s NFT with some feature nowadays. Gambling industry especially crypto gambling industry could take advantage from that.

Use cases:
The gambling company can create an NFT which has a feature like boosting players’ winning chance, doubling their stake every certain rolls, free rolls or free bets, and many more.

This will appeal more to serious collectors on the trading card niche. I'm pretty sure the gambling industry will find some uses on NFT given the idea is quite fitting and complementary on some of the aspects of the industry. Though the potential is there, the hype around NFTs on other markets/industries IMO would not be carried towards the gambling scene.

Of course NFTs can influence the development of the gambling industry because they provide gambling sites with the opportunity to introduce completely new reward systems for a more exciting interaction with the players. I think there is a reason why more and more big companies are interested in using NFTs in gambling - Atari Set to Launch Cryptocurrency Casino Featuring Atari-themed Games and NFTs (https://bitcointalk.org/index.php?topic=5322555.0).

I never thought about having NFT in a cryptocurrency gambling site because it is supposed to be used for art works, anyway if it is possible then which gambling site is going to adopt them. I still don't get the advantages of NFT in gambling field.

NFTs are more related to online games items and collectible goods in general. I'm not sure if it will be very impacting to crypto gambling industry. Maybe some competitions in casinos can reward gamblers with valuable NFT tokens and of course it will be used as a smart marketing strategy by many casinos to attract new gamblers rewarding them with NFTs created by the own casinos, with the promise the NFT will become valuable futurely.
It might become the new trend after the ICO ones, when casinos introduced their own altcoins.

NFT has been marking a big change through its potential usage on the collectibles. The same process can't be used with gambling platform. NFT to get used on the gambling industry is quite low, even if it is used we can't find anything innovative with the NFT.

I don't get the hype. I don't understand why would anybody pay to take the ownership of a digital asset at all. No need to say I don't think that it is going to affect gambling industry in any way. This is just another toy for the super rich people so they can show off imo.

me neither. this is somewhat like the cryptokitties but this time it's the popular people who release NFTs like Logan Paul for instance which his NFT card was sold for $5M. i don't understand how the price came to be that high but jeez it's a digital card. now I'm not sure how NFTs could be in the gambling industry unless there will be someone/popular company that will create unique NFT for MMORPG games probably as prize for the winners.

Every new crypto-thing gets hyped every now and then and yes, now is the time of these non-fungible tokens. I see they are getting quite popular but I personally do not follow them. I understand they could be useful in some real world use cases (tokenized securities, property, real world assets...) but fro the time being I would rather prefer that our old good bitcoin could become completely FUNGIBLE once and for all. That is the only fungibility I care about!

One way to implement NFT's into gambling or casino games would be to be able to win NFT's which grant access to a poker event for example where you can win a big prize.
You could win those NFT's by playing the normal casino games on the platform and of course you could also trade that NFT so someone else could take part in the event.
Or valuable NFT's could just be another possible prize in addition to BTC.

Ive read up several articles connected to it.
https://economictimes.indiatimes.com/tech/trendspotting/what-is-nft-and-why-it-matters-in-the-crypto-world/articleshow/81410583.cms
https://www.pittwire.pitt.edu/news/what-nft-pitt-experts-explain-digital-tokens

All i can say on using it near future and its potential? I dont see the relevance but having this option isnt bad either.

A painting, for example Mona Lisa, it is impossible to produce the exact same painting today. By exactly, I mean exactly literally. You can come pretty close and even if you somehow get too close, it is still not going to be the same painting because of the aged material.

That's not the case with the digital assets. You can copy the same video, music as many times as you want and they will all be the same. The only difference that NFT thing adds is like adding a PGP key to that digital asset.

What people are paying for is that PGP key! It is like paying a famous guy to get his signature on your t-shirt.

The more I think about it the crazier it gets.

If there's a will then there's a way, if someone very known from the industry promotes this project we can expect that support will flow.

There's always possibilities and beside it's already showing high interest by now, the gambling industry might adopt this asset and let the
gamblers decide to whichever they'll going to use it.

Like the post above you, it's showing another toy from super rich community who knows what comes from behind.

People who doesn't care about new hype or trend would most like to have this kind of reaction or simply he is done with those so-called innovations from projects which do hits up those industries which

aren't actually needing some innovation or not really that relevant at all to be integrated on.As I have read into those articles given links above by some user about NFT's then it did really give out some idea on whats it all about.

Bringing any changes? It will matter on the public on how would they able to make out impressions out of this something.

Of course! NFT is penetrating the crypto space and as it becomes more popular any type of business can enter and the gambling industry should be no exception.

It is great what is happening with Blockchain technology and those who follow the trends will be gaining advantages in innovation.
More in-depth opinions on NFT and gambling in this article.

https://www.google.com/amp/s/venturebeat.com/2021/02/26/the-deanbeat-how-non-fungible-tokens-nfts-will-change-games/amp/ (https://www.google.com/amp/s/venturebeat.com/2021/02/26/the-deanbeat-how-non-fungible-tokens-nfts-will-change-games/amp/)

Also as OP mentioned in the previous article, Elon Musk's girlfriend Grimes was referred to. She designed a one-of-a-kind NFT collection that sold for $ 5.8 million in a matter of minutes.
More details:
https://art.art/blog/how-is-elon-musk-girlfriend-grimes-making-millions-selling-nft-art (https://art.art/blog/how-is-elon-musk-girlfriend-grimes-making-millions-selling-nft-art)

Grimes' NFT art piece called WarNymph collection can be seen here:

https://niftygateway.com/collections/warnymphvolume1 (https://niftygateway.com/collections/warnymphvolume1)

You're not totally right, the most interesting use case of NFTs is to represent a real physical asset. For example you can get a NFT representing a real painting somewhere in the world and if you want to get the painting you will just need to show your NFT to the holder. It's like a title of ownership on the blockchain. You can even share a physical good into several NFTs, each NFT representing a part of the good.

for now it will be rarely used in gambling because it was new but if gambling operators found out that nft is verry compatible with online crypto gambling and can make the gambling more fun and exciting  we can expect that crypto casinos or sports betting sites will add nft in their next updates .
the changes will be positive definetly because if im the crypto gambling owner i wont add anything that is bad that can harm my gambling site or can affect my sales .

sooner or later, these gambling casinos will find out that NFT concept will be profitable to them also. but right now, no one yet has explored this aspect on their platform. if one casino will start on this venture, it will be a domino effect. just a matter of time before they discover the potential of NFT in gambling platforms. or does anyone here know that a gambling site is already into this business or starting to develop their NFT?

I am not so sure I agree, I can see how this could help collector markets of digital items like player trade cards and other collectibles, casinos could make use of the NFT for those items but after that I am not sure in what else those tokens could be used, I know that people are very excited about this but I do not really think this is that different than what we saw with icos and we all know how that ended, with a lot of people losing a fortune in the process.

I have been hearing a lot about NFTs the last couple of days. Seems more like a hype that might die soon but who knows. Though I like the abstraction of being able to sell digital art that will be "uniquely" owned by the buyer. But looking at the marketplace, I sometimes think people are crazy. I am sure most of them are not "collectors". They are just buying those so that they can sell it later at a higher price (albeit risky).
As of now I doubt it is going to bring any change to the crypto gambling industry. It's more focused on digital creators and collectors.

You can use them maybe as a token for your bets or plays in the casino like chips in poker, blackjack and coins in slots. No matter how much we think that NFT is not going to bring any change, it will just prove us wrong just like bitcoin prove itself against FUDsters and people who lack the faith to invest in it.

If anyone asked can defi bring any change in the gambling industry ? The simple answer will be No. Same is the case with NFT which have a different use case not related to gambling. The only thing which comes in my mind is that gambling sites make their own NFTs and auction them for the gamblers  ???

NFT is not only about tokenizing digital or real-world assets as collectibles but also a means to create some kind of "preferred stock." The token can have various perks that differ from another. For example, instead of bronze - platinum VIP membership, the casino can create NFT (let's say bronze - platinum token) so that the perks can be exchangeable, thus have the dollar value.

Instead of exchanging accounts that usually violate ToS, they can exchange NFT on the marketplace.

MMORPG makes sense but that is not used that much anymore, unfortunately there is a lack of interest towards it compared to old days, then moba took place games like LOL and Dota and some others that resembled it, and eventually pubg and fortnite type of games took over, meanwhile minecraft was just minecraft during that period, I do not know what is popular nowadays.

I clearly believe that game types change every period, it could be any kind of game but this could be applied anywhere, NFT could be used in moba too, like have skins and just print out 100 nft skins for characters and you could use that, or have pubg like skins, and sell nft, and be limited and provable thanks to those skins of weapons or clothes basically all NFT, it could always be used in gaming. But when it is gambling, what are you going to use it for? What is the reason? How?

Yesterday I was surfing in the Internet and found an article, where it was written that rock band King of Leon are first to release an album as an NFT (https://www.rollingstone.com/pro/news/kings-of-leon-when-you-see-yourself-album-nft-crypto-1135192/). In general, this is the same album, that can be purchased online, but it has some bonuses (like different album cover and I guess the price was a bit lower). Buyers will find only a link behind NFT.

Regarding gambling and NFT, casinos might hide bonuses, promotions, specials offers behind NFT. For example get a NFT and inside you will find a deposit bonus. The other thing I have thought about is how users are going to get this NFT. Will they receive them for playing, or will be buying to get a random bonus (looks similar to what gambling is).

And what if somebody buys that NFT product and share the special content on the internet? What keeps them from doing it? If you mean they are going to produce a different album cover and different bonuses for every NFT purchase there is, now that's a whole different story.

I've never heard of casinos implementing this system or having made an announcement about that as a project for the near future, but that's a really great idea... For users at least, because I'm not sure casinos would really be eager to give bonuses to small gamblers who just bought their status to someone else.

despite the features that could be offered with those NFTs, crypto gambling sites also could take advantage of the royalties feature.
ICYMI, you could set royalties on your NFT.

Royalties are how much you gain for each sale of your artwork on the secondary market. If you set it at 20%, each and every time anyone sells any copies of the artwork, you get 20% of that sale - at the current sale price!
https://www.darkdays.photography/rarible-nft-guide-for-artists

I doubt about that. NFT is too different to make something close to gamble (except the fact that we can bet on for what price some NFT will be sold  ;D ) NFT this is the lever for famous people to get more money from nothing.
And yeah, this is because there too much money in the world, so people spending them to any weird shit.

The NFT bubble is cooking nicely and it reminds me much about the ICO frenzy back in 2017-18 where everyone, at some point, could not keep up with all the shitty whitepapers and projects that we popping up like mushrooms in the woods after heavy rain.
There will be a saturation point where supply will get higher and higher while demand will fade away.
Read this piece by Jimmy Song and do not burn yourselves with non-fungible tokens

https://jimmysong.substack.com/p/nfts-are-doomed-bitcoin-tech-talk

This is not a bubble like the ICO bubble imo because this isn't a crypto bubble. This is a FIAT bubble. The FIAT desperately looks for a new space to expand but cannot find it. And now the CB printed another $1.9 Trillion, some of that money will indeed inflate the crypto/NFT assets. Many people who'll get their stimulus checks maybe don't really need that money for their survival and they will spend it on stocks & crypto.

I think there is a big difference between ICOs and NFTs. 99% of ICOs' products were useless, developed only for speculative reasons. Most NFTs I'm seeing are completely different from that and they actually have an unique use, like the items which players acquire in online games in order to advance on these games. Look how many players there are in multiplayer online games nowadays and imagine if all of them really owned in real world all the items they collected on these games. This market has a lot of potential and can increase in value much more without saturation.

However if crypto gambling industry will adopt NFTs efficiently it is another story.

It is the new momentary new kid in town, that is it, nothing more nothing less. I hope you spent some time to read through Jimmy Song's post as I am not going to repeat what he wrote there. That is my opinion too and I expect nothing from the new NFT craze.
I fail to see the evidence of why it should be used in the gambling industry, nobody made compelling arguments here.

NFTs can surely be incorporated in gambling in many ways such as betting on NFT prices where people can predict what will be the selling price of NFT.
NFT can also be incorporated as an award token such that when someone achieves something on the gambling site they will be rewarded with a particular NFT.
Similarly we can think of many more use cases for NFT in gambling.

There can be NFT tokens added on the gambling sites for sure but at the same time the main thing is not the token itself because everyday we have 1000 of Altcoins added and removed the main thing is that it represents ownership. I do believe that it can be used as a token for the sports industry. For example : NFT indicates the ownership of a particular thing and if people starts selling them for players , for teams then they can have a whole different set there. It is already being done by making new tokens for that particular games but NFT since it's non interchangeable will mean it's value will be more and people would be able to OWN such teams , now they can try and make some decisions and even participate in particular events.
I do think it can also be given out by different casinos to the people who do invest the most in them ! Which would be like a proof of being loyal to that casino and might come with some benefits.
This has a wide scope. Who knows how one will use it ?

So basically this new coin is just hyped up and is making some crazy speculation around if that's what you meant. Plus that digital artwork sold from auction in millions is also crazy since there are worth it real artwork handcrafted by the great people before just like example of the "Mona Lisa by Leonardo da Vinci".

People are throwing huge money just for this hyped NFT and I don't see where it is coming or what is the use of it in terms of gambling. Will the casino notice a person if he's using a NFT when betting?

If you do talk about application of nft on gambling then you could read up something on how its relevant into this industry.
https://www.gemini.com/cryptopedia/nft-blockchain-gaming-industry

you would see that this is indeed some relevant thing but somehow i agree that everything that is new would really be getting that kind of hype and interest.

Lets see on how this would be recognized and not just that slip away when hype is over.

Any casino who will successfully tap into the abilities of NFT will surely come out of the top at the gambling industry ladder. It is the hottest thing right now, and that is because of what it can offer to the table. And it is super easy to integrate into a pre-existing system so it's not like the coders will need to burn their hairs out thinking of a plan to put them into the spotlight.
NFT Gambling Milestone rewards, trading cards for sports betting, the world is your oyster with NFT. You can never just be so secluded in a particular idea because it offers so much versatility and is the perfect collector's item.

this is the reason why sooner or later, these gambling sites will find a way how to explore the world of NFTs. there are so many collectors across the globe and they are willing to pay a staggering amount. and with NFTs, this is an easy access whether that person really owns a particular item without checking the real item and he can show it at anytime, anywhere. collector's items are going digital now. and it will not be long before gambling industry will join this new trend.

Never thought of such an idea but with what I see with all of these NFTS. Anything can be put into it and bring value. It is interesting who will be the casino to bring up the very first NFT in the crypto gambling industry.
Or is there already one in existence?

The NFT market is relatively new and I don't think there's any gambling website that has incorporated NFT yet.
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.

I am hard to be surprised and I am not getting the overall excitement that is spreading all over this new NFT markets. It is either because I have seen too much crap in crypto or I cannot grasp what is under the veil yet. Will keep an eye on this but I believe this is a short-lived development.
Until there is no clear killer app for these NFTs and they are only being discussed as a new speculative asset class I would rather be out of it.

I guess so too that there's no one in existence but I haven't browsed a lot and maybe somebody found out that there's already one. But yeah, it's safe to assume that there's none currently.
What the NFT market is focused on are with those popular digital arts and those pieces of history like the NBA top shots and other first things in the internet space.

No! There's currently no gambling house available that had incorporated NFTs. NFT is currently being used as a tool in digital auctions. That's their focus area as of now. But that doesn't mean NFT wouldn't have any use cases for gambling! It's just that we don't know yet! It's quite possible that a gambling house would want to take all their gambling activities through a custom blockchain to prevent fraud and to make their bets verifiable. In that case, NFT can become handy! But the high cost of transactions are really making things difficult for all of us! Unless and until the transaction costs of ETH blockchain normalizes, it's difficult to see NFT in a customer focused industry like gambling.

I don't think that NFT will change the gambling landscape that much because what can they contribute to it in the first place besides the possibility that they can be a token that you can get when you win in your games. Maybe if the NFT that the gambling website/house is going to use is going to go up in value then maybe, there will be some changes.

Yes, we haven't seen one and maybe one of the most known or oldest casinos will also dive into NFT and will make their own. And the time about fees will decrease.
I think that we're about to see that but that could happen within the next 4 months or so and hopefully that it won't be longer and delayed.

nft's are introduced in crypto because they have a purpose , so if cryptos introduced in a gambling the nft's can also do the same  . a gambling site can make a new game mode that makes a gambler win nft's and many are going to participate with it due to the expensive value of nft's right now  .

i think this is possible because if we can see for now the value of nft's are already high now that the demand for it is still low but in the future where nft's are already popoular the demand can skyrocket as well so as the price  .

gambling coin can be everything as long as the users will trust the project and also offers Low transaction fees.

I remember the time when Only Bitcoin was the currency use to gamble but now there are many of them that accepted by gambling site so why not NFT?
and besides this will help the community of gambling to experience another coins with good potential .
It may not change a Lot but still will change something for sure.

I more or less think the same, the concept is novel and it could have some uses especially when it comes to the world of art however I really think that people are just speculating with this the same way they speculated with icos, ieos and other forms of investment, and like always there are going to be people that make a fortune and there are also going to be a lot of people that will lose everything they invest in those NFT and will regret the day they did so.

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.

When there's a new innovation then expect that it would really be hyped but lets see if it would really be that useful or significant after several months or years to pass.Just like other things that mentioned earlier
where they did really get some recognition and then passed up to another one and this isnt surprising and lets just make use of this one and lets find out on what would be the sentiments of people on upcoming months.

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 do not really know and I do not really get it, but if you ask me it is not going to be really good way to use it, let the art world use NFT as much as they want and let others that want to implement it use it the way they want but there is really nothing that would be beneficial for the gambling world at all, that's at least what I think and that is why I do not think that anything major will change in the gambling world anytime soon.

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.

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.

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

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.

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"  ;D
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  :)

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

And with this kind of system for those developer wont able to make some money with it then they wont really be considering it at all.Integrating something into their ecosystem specially NFT
then there would be some changes but i wont really still make out some assumptions that this could really be a successful one.

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...

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  :D

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 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.

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  ;D

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.

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)

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.

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.

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!

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.

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.

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.

Maybe for certain NFT that can be considered by the casino or a platform that's dedicated to it.

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.

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.

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.

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.

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.

Its just a new hype and i dont see any reason for this to become the new trend or could really be applied or integrate on gambling industry.
Sure well they are really making some noise now but nothing beats up Bitcoin and some top alts with this aspect.I dont see any change if there one then
i wont be surprised because community could really support anything in a snap and become the standard thing.

It's hard to think but maybe those moments when they've started like first bets, first cashout, first withdrawals, first tournaments. Just like those tweets that was put into auction as an NFT. Memorabilia I guess and only those loyal folks that has tons of money will be able to buy for it. Maybe they could also set up some competition on whom will take the most NFT that will be produced by that casino. I can't also think of it.

I totally agree with this.

As I've seen in different NFT's platform, art and games are the ones who's using NFT that much, and many people are earning money on it especially in arts, like photography or even painting. But it has to be unique in the market so it could be easily sell to someone who'll have interest on it or else you'll just going to waste the gas fee in converting your art into an NFT and sell it in the market.

yups , And Yesterday Even @Theymos ride the Popularity of NFT to Aprils Fool day  ;D

NFT is fast growing platform now ,w e can see so much thread about this one and we can also see the growing market continues.

Gambling is one of the most active and expensive place to circulate the coins and NFT find this to become a target.

Gambling always open everything that can bring funds one way or another , so basically this will help in some ways.

We do not know for sure because the NFT just starts and we need more time to know if NFT can become the next trend in the gambling industry. If we can not compare to bitcoin and the other top 10 coin position list because NFT is just a newcomer in the crypto world, but we will see what will happen to NFT later. So we need to wait for a while and still try to do the things that we did before.

Yes, it is too early for NFTs to enter the gambling industry and whatever is trending in the crypto world will definitely be promoted with the gambling industry.
We don't know in the future whether this is just a temporary trend and if there are significant developments whether to enter the world of gambling, we will see further developments with the NFT and to beat the top bitcoins and coins in my opinion it is impossible and not that fast.

Yes, it is too early and I agree with you it needs more time to get stable then it can enter into the gambling sector. But one thing can be mentioned here that temporary thing can be permanent one and I believe everything is possible in cryptocurrency world. NFT will be more popular as my visionary mind says.

The point is, the hype cycles are getting shorter and shorter. DeFi is almost over and NFT is near its high or already slightly above it. In the high phase, such tokens are then offered for all possible applications, whether it makes sense or not.

But if we check on the history, usually, if a new thing comes to the crypto, it will booming temporary and invite many investors and invest their money in that thing and then that thing is ended. So NFT can be a new baby born in the crypto that can boom and be the next trend and attract more people to invest in that project. But this time, I hope the investor and people will not be too greedy to make a big profit and stay away from scams that will always try to scam them.

Yeah, let's say that it can bring funds to them or at least another way of making money but through how they're going to implement this to their casinos?
A lot of questions are being made and we all can just speculate until a casino starts to make it on their own and answer that question. So far, there's no casino that have done it so we're still going to be around speculating about it.

I wonder if the end of the excitement around the NFT coincides with the end of the excitement around the DEFI, will this lead to a fall in the entire market? These two areas (especially DEFI) have had a very strong impact on the entire crypto market and led to significant price increases.

If you can't see any way to use NFT in crypto gambling and can't imagine how NFT cards would work... how can you say there is potential?. :d What you said doesn't make any sense. If you think there is any potential, then you must have understood the possible use cases for NFT which you already admitted that you don't.

I agree that the time gets near for it to have its hype end. I've read one of the richest person who bought himself NFT, he has a use for it but it will be included to his virtual game or world as display for the project he's working on. But on gambling sites, I don't think that there's a necessity for such.

paraphrasing... thats quite common here this thread gets already a number of pages, most of them are just random opinions, and maybe from these last 2-3 pages mist of them are just like that,...
So nothing to do here, just let them be. (JM2C)

I am not optimistic about the DeFi market and i am still expecting that they would crash eventually but NFT can be a real game changer for real artist where they can own the original masterpiece in a blockchain which can be unique and that is what is fetching insane amount of money in the market.

May be we might not see insane amounts in the future but the digital art market will have a face lift which included the gaming industry especially online gaming.

That's what happens in most topics here  ;D
OP should close this topic, because there not too much thoughts and some people already told their opinions two or three times in a row. Like me (joke. I only wrote here two times  ;D ).

Bitcasino.io doing good here: open question topic and close it after 5-10 pages.

I don't see much of a usage case for NFTs tbh.

There is simply no utility for it. Why in the world would anyone need a NFT to certify that they own a certain in-game item? If the game developer does not honour the legitimacy of the NFT, then there isn't going to be any value associated with it anyway.

In essence, it's something that's marketed as decentralised, but in reality its value is still completely centralised in the hands of the service provider - not something I would personally drop millions of dollars on.

I have the exact opposite opinion - I can understand the applicability of DEFI  :) but I do not fully understand the applicability of NTF - this is just a secondary confirmation of the uniqueness of something in digital form. If the game developer (for example) adds copies of unique digital items in the game that were protected by the NTF, then it turns out that this protection is nothing more than fiction.

Benefits of reading a forum where people post only to get paid. :D Most of the time I feel like I am talking to the bots. If the admin is OK with this current situation, there is nothing I can do to change it. The show will go on, people will get paid and more junk will get posted. Horraay.

This forum is just like the US economy. (fake)

Defi is decentralized finance which can never die if the crypto is to be adopted. NFT will also be used for digital paintings etc but its not that everyone will be using the NFTs. I think defi is here to stay although i have some doubts about the NFTs.

NFT will crash if a new trend is coming. And as usual, the latest trend will replace the existing trend and attract people to invest in their project. So maybe right now, NFT is trying to search for the opportunity to attract people attention to come and invest in their project as they will bring a new experience to the gambling industry. We do not know NFT can be the potential to give more chances to crypto to boom because people will always search for that opportunity to make money.

Just like how NBA cards did get a hype back in the '90s but there are still collectors of those rare cards I think the NFT's digital asset will sure embark into something great like what NBA cards have made for itself, but this kind of gimmick might not be for everyone else but for some fans and collectors of that certain NFT's, and right now I am playing Alien Worlds that could get you rare and epic cards that you may collect, bought and sold depending on the rarity and dependent for the game itself. 

NFT offers a lot of opportunities especially to the gambling industry. Imagine a new form of gambling where you use avatars that are powered by NFT, which could help decide how much you can earn per win, or just plain simple rewards given in the form of NFT cards, wouldn't that be cool? This is just the surface of what NFT could really provide for gambling, and of course as time goes by people will find novel and innovative ways to integrate NFT into their gambling system.

I don't know if it would work. First we need to have sure NFT reward cards would really price something, otherwise it doesn't worth to risk money betting to win them. And to invest in NFT avatars to decide how much to earn from bets isn't advantageous as we can already set our betting configurations at every crypto casino.
Furthermore, if casinos start promising too many advantages through NFTs there is a serious chance they aren't going to be able to pay everyone in the end.

Isnt something new and we've been seeing this scenario for how many years now where topics do become megathreads and further replies arent really that much off significant.
Sorry for bumping this up since this had been almost 20 days gap in response but i cant just deny on whats the reality we are facing on but since this is an off topic then
better create threads in related to this manner.

On topic reply about  NFT's on bringing up some changes then i dont think for it to be that relevant.They might be applied but wont really
be mainstream.

I could get behind the second one, where you are rewarded for winning but the first seems like a pay to win scheme in my opinion, having your NFT decide how much you are winning doesn't leave a good taste in my mouth. I would love if NFT could be used as a reward for games or maybe even a prize for a lottery.

NFT has been there since then. Many actually tried to create NFTs related to Gambling, however, it didn't take long when they got eliminated because of the gambling industry’s regulations besides, it is really irrelevant to the Gambling industry. The relationship between the two is too far to be connected.

Tokens being considered as poker has been there before, but again, it did not take long. I’m just looking forward to the regulatory board to at least give chance for alt tokens to be used as chips in digital gambling platforms. But the percentage of the change is very much low.

Anything that needs preventing counterfeiting and decentralized storage for preventing manipulation then blockchain must be a good platform for them to host. I guess this is what exactly happening right now with NFT things. But, when billionaires will be participating, I could foresee where this trend will land in very short period of time itself.

Already some gambling developers started showing implementing NFT with respect to gambling approach definitely a good news to have. Still, I wonder how I am going to make use of the merge of NFT and gambling. At least this new approach of gambling get me some profits or will remain as usual gambling... 8).

I discovered REALFEVR
guys are making football NFT moments
I think NFT will be hyped in coming years ::)

You received a lot of answers that do not address gambling so I will. NFTs in gambling could be used as rewards for playing that could be used to increase your odds or allow you to access high roller tables etc. like being a VIP at a casino in Vegas. Custom playing cards could be collected as NFTs. NFTs could be gifted to players when they withdraw from a casino like mixercasino dot com, which will use 0xMR token.

maybe the concept in NFT will be used in the crypto gambling industry, I think it's a very good concept that has been applied by NFT developers, in other words NFT is the art of gambling in crypto or NFT will only be a "payment" method in online gambling games

I believe that NFTs will be important in the gambling industry; I see a lot of good use cases for NFTs in gambling if gambling platform developers become more creative and idealistic. If they're making a gambling game, or a card game, their cards can be NFTs that can be wagered on. If you check NFTs in the gaming industry, it's being used to play the game and earn some money so if we are using that idea, we can also use NFTs in order to win some extra in gambling games or use it as an asset for betting.

if you think that many in-game markets will open access to NFT for their goods, then definitely not on ETH and not in the close future. How are you going to make purchases, for example games? With such a commission, it is simply impossible, well, or even if you take some in-game items like in CS:GO. No one will agree with the purchase to pay fees of 1000% on the value of the item. Perhaps some projects will offer some kind of concept to large companies, for example Near or Solana, their blockchains may well be suitable for introducing NFT into games. But personally with ETH it is impossible to do this.

Maybe not a major impact to crypto enthusiasm because there are a lot of people who don't play gambling since it is a place to washout money instantly. Although a place to earn money instantly also just by bits and luck. For people who wants or love playing gambling, probably they will love it and NFT will change their way of playing.

Gambling is different from gaming and the only thing nFT do better at is gaming, the reason behind high demand is because NFT tokens can be used as in game purchases not gambling and I haven't seen NFT gambling projects before

I think NFT is applicable to any content that have "playable" style on it. We could just easily imagine that people are betting their NFT to gamble for another NFT. So i think it's really reliable if NFT implemented to a gambling system, but i also haven't heard about gambling project who adopted it yet but it could.

If you are going to ask me then I think that I would agree that the NFT feature is a revolutionary idea that was made into one of the most exciting digital piece that can be owned by investors. Many people has been creative in making NFT's a reality and it became a game changer in the crypto world. All I can see for NFTs in the gambling industry is to use them possibly as prices to the gamblers. Of course gamblers would prefer cryptos instead of NFTs but that might change in time.

NFT system should work for gambling since it's still a game but I'm not so sure about the adoption part because we can't really compare gambling with video gaming, gambling is striving to make more money but gaming is having fun and making money still in the process, anyways only time will tell

Nft has now become the order of the day presently. Whereby you can create something unique and original with your computer system without stress.
For those that are wondering how to go about creating their original image of NFT, worry less as you read this guide on how to practice making your own NFT.
Website to guide you on how to make your own NFt is dogermint.com/dogeparty/

NFT is seriously making name for itself in the gaming industry and it's on the verge of turning the game visualisation into unique features. It's more exciting playing against some crucial players by winning some awards or tokens. It amazes me to see how far NFTs have gone in the gaming industry. So many new projects are adopting it to their roadmaps