Will NFT bring any change in crypto gambling industry?

[mindrust]

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.

[dunfida]

Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.

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

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

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

[mindrust]

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.

[tabas]

Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.

It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.

[pawanjain]

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

Maybe you have something on your mind? Because as for me, for example, there is no any legitimate use for NFT in gambling. In fact, as i said previously here, "Buying NFT is gambling by itself" 
But how can casino use them? I don't know. The only way is to bet for how much price some NFT will be sold 

I think the same, the only way I could see something like this eventually becoming part of the gambling scene is if there was something similar to sport bets but with NFTs in which the casino gave odds for the price in which a NFT could be sold, something like an over and under, other than that I think that NFTs despite their good intention will be nothing more but yet another fad that will be used by scammers to get all the money they can from gullible investors.

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

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

[avikz]

Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.

It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.

That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it.

[mindrust]

Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.

It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.

That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it.

Exactly.

There is another issue. The game developers won't want a market which is out of their control. Think about a game like World of Warcraft. If you don't get caught (it is an offense I believe), you can sell game gold for money but the gold transaction is happening in game where blizzard have the control, not on a blockchain where blizzard can't do anything. Why is this important? The game masters can delete or add gold to whoever they want or reverse the transactions. Why they can do that? Because it is their game that's why.

If the game creator cannot control his own game's economy, that means he practically doesn't own that game anymore and no game dev would want it.

[doomloop]

It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.

That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it.

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

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

[dunfida]

Yes, it will bring a very big change to the crypto gambling industry by adding the touch of next level of digital art to different types of games already in the markets. I am very much excited to see some newly created virtual weapons being added on arcade and action games where those NFTs will be available only to a few owners who will utilize the full power of their NFTs and may win games more frequently.

It's like having the ownership in game and at the same time you monetize the weapon through NFT. I find it hard how that can happen. Let's say you've sold the weapon as NFT and you've made money but there could be claims that it should belong to the game developers because they don't gave you right of putting that into NFT as the game itself is owned by those developers.

That's extremely difficult to happen! What you are suggesting is very similar to "in-game purchase" that we have now. Even today you can purchase any game props from the game developers to advance your game stats. But usually the game developers don't give us the permission to sell your in-game props to another player because it doesn't fetch the developers any money at all. Also considering how expensive a crypto transaction is nowadays, it won't be popular among the gamers. NFT can only come into play if the game developer itself introduces NFT within their gaming ecosystem and allow people to transact through it.

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.

[BTCLiz]

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...

[johhnyUA]

I think the same, the only way I could see something like this eventually becoming part of the gambling scene is if there was something similar to sport bets but with NFTs in which the casino gave odds for the price in which a NFT could be sold, something like an over and under, other than that I think that NFTs despite their good intention will be nothing more but yet another fad that will be used by scammers to get all the money they can from gullible investors.

Another idea is to bet with NFT, lol. You've got a pack of NFT tokens with different value and you use them as chips in poker. All bets with such nft is stored in blockchain so we can see who owned our "chip" few days ago 

[Renampun]

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

[Twentyonepaylots]

In my opinion NFTs will not bring any big change in crypto gambling, because it is just a big hype right now. Nothing more. Most people invest, no, let's say speculate with NFTs just for one reason: They want to make money. The art market on the other hand is there because people want to show what they have. This is very problematic with NFTs because you have firstly to open your wallet...

NFT can be implemented as special prizes, if not jackpots to some games that require some stroke of luck. It can also be implemented as milestone rewards in certain sites for patronizing their specific platform instead of others. The world is your oyster when it comes to NFT, so to say that it doesn't show huge potential is like saying that a guy working diligently can't make it in life.

[KTChampions]

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.

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 

[livingfree]

I think that's for sure...
NFT is trending and in the discussion, maybe there will be a good concept that can combine NFT with gambling. *NFT is pretty interesting IMO

I'm still thinking how that could be possible. The application of NFT in the gambling industry. We can only define one thing in gambling and that's we're going to spend it.

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.

[Wexnident]

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.

Exactly.

There is another issue. The game developers won't want a market which is out of their control. Think about a game like World of Warcraft. If you don't get caught (it is an offense I believe), you can sell game gold for money but the gold transaction is happening in game where blizzard have the control, not on a blockchain where blizzard can't do anything. Why is this important? The game masters can delete or add gold to whoever they want or reverse the transactions. Why they can do that? Because it is their game that's why.

If the game creator cannot control his own game's economy, that means he practically doesn't own that game anymore and no game dev would want it.

But a player-driven economy would actually make it progress quite well imo. I myself am actually looking for one such games tbh, and one that can also be rather friendly to newbies so that they can easily integrate into the game. Besides, if selling was an issue, game devs can just put out fees, or taxes so to speak. I'd reckon they'd agree to such a thing, especially since it'd be glaringly obvious the game was for others to use their creativity and sell stuff based on that. The game dev would be hit by a reputation loss if they ever tried to claim ownership of that (lest they put it in T&A ofc)

[Taskford]

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.

[mindrust]

But a player-driven economy would actually make it progress quite well imo. I myself am actually looking for one such games tbh, and one that can also be rather friendly to newbies so that they can easily integrate into the game. Besides, if selling was an issue, game devs can just put out fees, or taxes so to speak. I'd reckon they'd agree to such a thing, especially since it'd be glaringly obvious the game was for others to use their creativity and sell stuff based on that. The game dev would be hit by a reputation loss if they ever tried to claim ownership of that (lest they put it in T&A ofc)

When real money gets involved, the game turns into a buy low/sell high ebay game.

The game developers don't want that because people start to see it as a job and look for ways to exploit the game. When ebay gaming becomes more attractive the game itself, it is a problem.

I was a diablo iii player for a while and the exact same thing happened. Diablo came out with a real money auction house and few months later the devs removed it.

[acquafredda]

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!

[KTChampions]

The same on NFT art scene we need fire starter to hype up the NFT in gambling since if rich people will invest on it inform of gambling for sure it will create a massive news an might this could bring a good infect on gambling industry. But the question here now is who will invest a lot of money to help the gambling community? Maybe there are people will come to support this so maybe lets speculate on what will happen next.

If investments have prospects for making a profit, then there will be a lot of them. If they are not there, then most likely this means that investors regard this direction as unpromising and I tend to agree with them. At the moment, it looks like a hype with ghostly chances of moving into something really useful after some time.