Will NFT bring any change in crypto gambling industry?

[uneng]

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.

[Vaskiy]

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.

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.

[mindrust]

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.

[electronicash]

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.

[acquafredda]

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!

[Jackl87]

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.

[Quidat]

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!

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.

[mindrust]

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.

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.

[Fredomago]

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.

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.

[Lanatsa]

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.

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.

[verita1]

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/

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

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

https://niftygateway.com/collections/warnymphvolume1

[Saint-loup]

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.

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.

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.

[imstillthebest]

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!

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 .

[AmoreJaz]

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!

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?

[South Park]

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 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.

[adzino]

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.

[Kittygalore]

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.

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.

[JohnBitCo]

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.

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 

[mu_enrico]

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.

[RealMalatesta]

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!

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?