Will NFT bring any change in crypto gambling industry?

[avikz]

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!

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[Kong Hey Pakboy]

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.

[Wendigo]

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

[swogerino]

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 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.

[crwth]

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.

[Lakai01]

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

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.

[bakasabo]

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.

[kryptqnick]

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.

[davis196]

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.
 

[Fundamentals Of]

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.

[Yamifoud]

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?)

[rhomelmabini]

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 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.

[mu_enrico]

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.

[Yogee]

....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 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".

[LogitechMouse]

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.

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 . We might see some gambling sites that has NFT feature on it. We'll see about that

[7788bitcoin]

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!

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. 

[TedMosby]

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.

[dothebeats]

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.

[madnessteat]

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.

[semobo]

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.