Are NFT games also another way to gamble your money?

[haidil]

When NFT games started coming out it was really interesting but now i am not playing because the amount of money you need to shell out for a game is not worth it. I know many burned their money as well when the market had a huge correction and majority of the coins suffered a lot and the investors are not happy with the ways things are going. I would rather gamble in a casino rather than NFT games because of the initial capital.

Not all NFT is game-based, there are many choices such as sketches, paintings, music, videos and many versions of NFT that are currently very popular with buyers. This makes us more choices to have, you can try it on several exchanges, like in Opensea I quite enjoy it and it all has quite an advantage.

[Fortify]

Right now there are huge lists of them where you have a choice on whether you buy tokens on their early pre-sales or invest in the game hoping that you will get your ROI as fast as possible but there is no assurance about it. Is this gamble its true sense it has just some part where you need to take the risk but not that low odds where you can get your capital back?


Just like this one - Where the Initial investment is 10$ but if you are lucky enough you can get it after 15 days or a month of continue playing. Of course, you will have an option to further invest in the game where you accelerate the return of your capital but more risk and you need to spend additional money for it.

Splinterlands

Number two is somewhat risky where right now you need to have 4 characters and a weapon to start to play the game which is approximately $100 to start to play and the risk right now is quite high because the price of their token is falling from $120+ to $32+ where lots of people are complaining because they bought their characters and weapons when the price was high. With the current price, their investment capital will return after 5-6 months of continue playing or less than that if the price will recover but no assurance.

Number Three is the NFT game called MyDefipet where in most cases people invested where the price was quite high and the game hasn't started their play to earn mode yet. This last one is the riskiest of them all since there was no way for you to get your capital back if you already bought their NFTs inside the game. all you have to do is wait and somehow trust their developer's statements.

These are just a few lists of the NFT games that I know, I just wanted to know if this kinda makes sense to invest in this game whereas you can see, people who invested late are now suffering and
can't stop thinking if they get back their investment.

It's definitely true that people will spend money on any old junk. These games just look like a continuation of phone gaming applications that are accepting payments in a slightly different method. They have carefully structured the system to give the illusion that will produce money for the buyers (in example one) but it sounds like a scam - they are simply hoping that earlier players will be paid off by the funds of people buying into the system later, meanwhile the original founders will be skimming their profit off all along the way. There is nothing wrong with including these "NFT" based activities, but the buyer really needs to know the value of what they are getting - which as with most virtual items, regardless of how it is paid for, will usually depreciate extremely fast and end up almost worthless in unpopular games.

[goinmerry]

Seen lots of comments that don't have experience playing NFT games and saying something non-sense.

They think NFT games are gambled without knowing that there are some NFT games that profitable.

I will let them think of it that way and just focus on my own.

[$crypto$]

There's a difference between gambling and investment. I have said this before.
When you buy or invest into an NFT game, you're expecting a return regardless If the value decreases, that doesn't mean you already lost as long as you're still holding into an asset.
While gambling has no asset. Once you lose, there's no other options to take your money back.
NFT games were expensive, and you can't just expect players to prioritize the "fun" stuff while playing before thinking about the gains first.
The only game I know that has an enjoyable game feature is Axie Infinity and nothing else.
Now, to counter your first statement. I bought an Axie team last June for $800 and right now I earned 5x my capital and still counting. Do you call it gambling?
While when you're gambling, you bet once and win/lose once.

Are all mixed.
In my time, computer game was something made for fun and "wasting time", and the same should be for gambling... a machine that gives you some kind of pleasure with the POSSIBILITY of winning something big, not an investment.

We are going down a path where it all comes down to profit, people are only satisfied with something when they can earn something financially. where is the time when we sat in front of a computer to play without committing to earning something?
It almost doesn't exist anymore.

Now, the times are getting out of control, so that it becomes a source of income for everyone. Including the presence of crypto, online gambling has made it more diverse in terms of income. Whereas before a season like this, we usually just aim to have fun hi, by paying a few cents to the computer rental owner to play just a few hours. A time we may not find today.
Even though it has changed, of course we have to be able to control it, just like gambling, it must still be under control.

[maju69]

I have even collected many types of NFT, which of them have different networks, such as ERC20 which I collect the most along with NFT which is in the BSC network.
All have entered the crypto growth driven by NFT, we know that nowadays it's not only games that can use NFT. some other things have started to appear in order to enter the NFT zone.

[Johnyz]

Yes, NFT games are more about investments and you can earn by selling and playing the game so I don’t think it can be considered as gambling though I’ve heard some games ask for money first, I’m not sure though and if you can share that game that could be a great help. So far, Axie is the best NFT games and many investors are still coming to this platform, this is very popular in my place.

What if there are buyers and there is no liquidity, the life of any play to earn is the liquidity and if players cannot liquidate their inventory then the project will go down, once you invest money in any project and you are thinking of return of your investment, then it can be considered as gambling, the reason many are coming into Axie to invest is because of the profit.

I’d rather invest on a project that is more liquid because I want to get back my capital as soon as possible, this can only be considered as gambling if you took the risk but if not, there’s nothing to worry. Axie should be more stable and go for more liquidity, we all here for profit and fun as bonus.

[South Park]

Well, it's like an investment but with rng elements, basically close to how investments get returned to you depending on how the stock or coin actually develops (former is based on rng luck coded AND how well the game does, latter is based on how well it does). I wouldn't really call them a gamble tbh. It's closer to an investment imho, and besides, it'd actually earn more in the short term since most nft games are play to earn. They basically return a set amount of profit every month, unlike investment which is pretty stagnant most of the time.

To me I think that the games that the OP is referencing fulfill the conditions of being a gambling game, many times people say that those that are not following any kind of strategy when they invest are gambling, but that is not true because with gambling you need to also get some fun in the process, and to me the games that are being referenced qualify as gambling games, personally I will not recommend anyone to have any expectation of eventually making their money back but if they want to get some fun maybe the games could be worth it.

[herurist]

I’d rather invest on a project that is more liquid because I want to get back my capital as soon as possible, this can only be considered as gambling if you took the risk but if not, there’s nothing to worry. Axie should be more stable and go for more liquidity, we all here for profit and fun as bonus.

this is a different perspective from everyone, everyone is free to express and make an opinion about this but the rest is true if axie is less liquid but on other disks they have their own features that can make fans comfortable here.
apart from that it's everyone's opinion. and everyone is free to express anything including opinions here

[lienfaye]

Maybe it really depends on the strategy that you have for the game. I played Splinterlands for 6 months and I was able to get my initial investment after around 4 months. But I stopped playing it due to very time consuming spending hours and hours just to earn a dollars' worth. There must be better games out there and I did heard about Axie, but I have not tried it since I also see paid games as gamble as well. We have to be very careful with our hard earned cash nowadays.

You really need to spend time playing these games in order to earn just like in Axie. It is one of the popular NFT games but worth the time and effort since you can earn huge depending on your effort each day.  Indeed NFT games are getting the attention of the investors and its an edge if you're already a gamer because it will be easy for you. However not all games are profitable and genuine thus its a must to DYOR.

[michellee]

Yes if there's a risk and you don't know if you're going to earn profit then yes you can consider it as another way to gamble your money. Actually a lot of things can be consider as gambling even bounty hunting since you don't actually know if you're going to earn money after the campaign.

If you think that NFT can give you profit, you can try with a small amount to see if that is work for you or not because some people who use big money can not always make money from the NFT project. But some people will not say that is gambling because they see the potential to make a profit from the project, so they decide to invest in that project while they do not know if the project will succeed or not in the future. It seems that people are greedy to invest in an unknown project without searching for more info.

When it comes to new trends and hypes then people doesnt really like to get behind and thats the main reason on why they do make out big investments directly without having good research about a particular NFT game
and once they dont able to get ROI nor it havent able to reach out on what you do expect then it would turn out that you would really get frustrated.

I've seen lots of games are surfaced and people is really fan on engaging into something which is on trend.Yeah, it is somewhat can be called gambling because we dont know on when they would last up.

Gambling in the sense that we are doing some investment but this isnt really comparable to Gambling games literally. We do have our own decisions as long we do enjoy at the same
time we do earn.

Coincidentally, those people can get ROI even they can get big profits. Maybe that is their luck to invest in the right project without researching while other people lose their money with the other projects. Many NFT projects out there seem it will be more difficult for them to invest in the right projects as now the trend seems not too high depending on a few weeks ago. So if people still want to search for the right NFT project, they really need to research deeper to find the right project.

Indeed, when we do not know much about something or the project, that would be gambling because there will be two options for us: we lose or make a profit.

I hope that they can accept whatever the result and not complain that the project scams them someday before making a profit from what they invest in the project.

[kkaroul4]

Yes but it's not really a gamble where you win, you win and when you lose, you lose. It's sort of an investment rather than gambling honestly, you will need capital to purchase some NFT then use the NFT to earn so the only lose here is when the price of the NFT crash unlike gambling there's 2 ways to lose, lose in gambling and when the price crash.

[OgNasty]

That Zed Run horse racing game looks interesting. I’ve been meaning to check it out. Not sure how wise it would be to bet on that sort of thing (although I’m sure it’s fine) but it seems like it could be fun regardless and I hear you can do free races also. Just make sure you’re having fun, as the main benefit to gambling should be entertainment.

[Twinkledoe]

Yes but it's not really a gamble where you win, you win and when you lose, you lose. It's sort of an investment rather than gambling honestly, you will need capital to purchase some NFT then use the NFT to earn so the only lose here is when the price of the NFT crash unlike gambling there's 2 ways to lose, lose in gambling and when the price crash.

That's why before you buy an NFT item from the game, you need to do some prior assessment. I am seeing that some of the NFT characters are quite expensive from my standard and yet, they are gaining interest from the gaming community. It means, a lot of gamers are really willing to spend some cash on these NFT-based games. Which, if you will do good can really give you good returns even if we say you spend a lil bit of your savings.  In some way, you are gambling here as you have no assurance if the game will survive long or not. But I believe, your chances of getting back your investments is relatively high, if in case you choose a strong gaming platform.

[bitgov]

Yes but it's not really a gamble where you win, you win and when you lose, you lose. It's sort of an investment rather than gambling honestly, you will need capital to purchase some NFT then use the NFT to earn so the only lose here is when the price of the NFT crash unlike gambling there's 2 ways to lose, lose in gambling and when the price crash.

I noticed the same thing too. If we call it gambling, then basically you would have to recognize that any cryptocurrency investment is a gamble. In this case, quite much depends on us and how well we research the project. Also, the fact that the NFT is still super popular allows us to think that the ROI will be achieved very quickly.

[smyslov]

I invested in DPET and I expect a return of my money in the future and right now I'm waiting for their update, these play to earn NFT are promising us profit so it's just right to treat them as an investment and since it's an investment and all kinds and forms of investment are gambling so I consider these NFT games as gambling our money, we can lose, regain or make profit from these kinds of projects.

[UmerIdrees]

Not all NFT is game-based, there are many choices such as sketches, paintings, music, videos and many versions of NFT that are currently very popular with buyers. This makes us more choices to have, you can try it on several exchanges, like in Opensea I quite enjoy it and it all has quite an advantage.

Yes they are but you invested money here anything you put your money in is considered investing, even a hobby is an investment, there's a probability of losing money, it becomes mainstream because investors are backing it up, I invested on one NFT game I expect profit although not so soon, NFT games are going to be the trend for a long time because of their uniqueness.

One should be intelligent enough to choose from a good investment and NFT investments are better these days. You can find all of he NFT coins here https://www.coingecko.com/en/nft and most of these projects are performing well. 

Axie Infinity has been on the top of it when it comes to Return on Investment. So you should hold this coin for long term prospective.

[Cacingkemi]

Honestly I think it's better than gambling, because just play it and you will earn unlike in gambling there's no way you will be sure that you will win even with small odds there's a chance that you will still lose it's like a staking but in order to earn you will need to play it like fight other characters or sell items to earn. So I think it's still a game of chance.

[Fredomago]

Not all NFT is game-based, there are many choices such as sketches, paintings, music, videos and many versions of NFT that are currently very popular with buyers. This makes us more choices to have, you can try it on several exchanges, like in Opensea I quite enjoy it and it all has quite an advantage.

Yes they are but you invested money here anything you put your money in is considered investing, even a hobby is an investment, there's a probability of losing money, it becomes mainstream because investors are backing it up, I invested on one NFT game I expect profit although not so soon, NFT games are going to be the trend for a long time because of their uniqueness.

One should be intelligent enough to choose from a good investment and NFT investments are better these days. You can find all of he NFT coins here https://www.coingecko.com/en/nft and most of these projects are performing well. 

Axie Infinity has been on the top of it when it comes to Return on Investment. So you should hold this coin for long term prospective.

It's your research that will help you pick the right coin for your investment. NFT is good as there's also the entertaining part, playing games and earn money using your free time.

Investment that combines with your games, interesting fact since there are many people who are stuck inside their house because of this pandemic, they are given these opportunities to earn while playing and killing their time.

Axie introduces how things works and now many other projects who are trying to duplicate Axie's success.

[carlisle1]

Seen lots of comments that don't have experience playing NFT games and saying something non-sense.

They think NFT games are gambled without knowing that there are some NFT games that profitable.

I will let them think of it that way and just focus on my own.

Better to think that way, why bother to keep explaining just use those time to keep yourself updated within this new system,

Many still thinks that way, they are in doubts that this kind of system are really existing, fearing to lose money that's why they have this
thing inside their minds, they don't even bother to understand how things works.

Only those people who have that courage to try new things are the one who will benefits with this new investment form.

[maju69]

I’d rather invest on a project that is more liquid because I want to get back my capital as soon as possible, this can only be considered as gambling if you took the risk but if not, there’s nothing to worry. Axie should be more stable and go for more liquidity, we all here for profit and fun as bonus.

this is a different perspective from everyone, everyone is free to express and make an opinion about this but the rest is true if axie is less liquid but on other disks they have their own features that can make fans comfortable here.
apart from that it's everyone's opinion. and everyone is free to express anything including opinions here

However, when on the NFT list, the number one reputation is Axie Infinity, although many say it is less liquid, etc., of course almost many users can still enjoy the game there.
Even though all lists have dominated many gamers, some news on social media is back to being busy talking about them.