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Author Topic: Are NFT games also another way to gamble your money?  (Read 2242 times)
Kyraishi
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August 12, 2021, 08:22:29 AM
 #81

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

You're absolutely correct about this.

Most NFTs essentially a pyramid scheme that mimics the crash game. People are speculating on how far it will go up and how much the next persons are willing to pay for the same token that has no intrinsic value or hashpower to back it up.

Nothing wrong with this as long as people realise it is gambling - it is not an investment.

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August 12, 2021, 09:19:34 AM
 #82

All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.

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August 12, 2021, 09:53:33 AM
 #83

All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.

With NFT you gamble with the price and in the game! As you said, with the hope that playing will yield some profit, but that's is not guaranteed! Also in the volatile market, you can expect big price drops!
I think that NFT games are just at the beginning, I didn't pay too much attention in this early stage, but NFT is definitely something interesting to look into it, and I think we will see many new things in the future!
Gamble or not, always invest what you can afford to lose! It's for fun and entertainment, and when you start investing more than you can afford to lose it can become a serious problem!

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August 12, 2021, 11:09:50 PM
 #84

Actually the Idea of we need to spend money before playing is already a way of gambling mate because there are tons of free games in internet that we can enjoy without spending even a single buck but these games obliging us from buying or paying just to start the game in which not my type as a gamer
The concept of NFT games that exist today is investment. Even though they are in the form of games, they still claim that it is an investment. surely if the goal is to play games there are many games out there that are much better and no need money to spend at all. but the concept of nft games remains on the basis of investment. and definitely requires capital up front.
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August 12, 2021, 11:17:13 PM
 #85

Actually the Idea of we need to spend money before playing is already a way of gambling mate because there are tons of free games in internet that we can enjoy without spending even a single buck but these games obliging us from buying or paying just to start the game in which not my type as a gamer
The concept of NFT games that exist today is investment. Even though they are in the form of games, they still claim that it is an investment. surely if the goal is to play games there are many games out there that are much better and no need money to spend at all. but the concept of nft games remains on the basis of investment. and definitely requires capital up front.


Like in Axie infinity, if you have no funds to shell out, you can't play, unless you will go to other route like their scholarship or something. But most players of this kind of platform are not only after for the enjoyment of the game but for the potential earnings of course. They are hoping that they will get good profits out of it. The consolation here is that you are enjoying the game while potentially earning some money. A lot of gamers are wasting a lot of time without earning anything, but this kind of game, this is a good opportunity for them. And it will also be a good introduction to gamers who are not yet crypto users. So we are looking at crypto adoption here as well.
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August 12, 2021, 11:19:53 PM
 #86

All the three you've mentioned are good NFT and play to earn projects, DPET is in the development stage, you have to spend first and rely on their roadmap for projection of your income, it's a gamble because you are putting out the money in the hope that all the features that they are going to come out will yield you profit, they are Cryptocurrency based projects and we all know how volatile the market is, so only invest what you can afford to lose because this is also considered a gamble.
I think you're right that description about gambling with those nft projects that haven't set yet some ways of making money.

The money you invest on it seems being gambled because you're only depending on their road map. And the gamble is, what if they don't get into the whole promise that's written on their road map? well, that's just an if situation.

But I think dpet is a good project and perfect example that it's flourishing its way first.



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August 13, 2021, 12:14:41 PM
 #87


Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...
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August 13, 2021, 12:31:26 PM
 #88


Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...

If you compare NFT with DEFI i think current NFT has more scope and worth investing. NFT games like Axis are giving insane returns.
There are two ways to earn via NFT project. First if you have time, you could play these games and earn passive income on daily basis. Also if you do not have the time, you can only invest in NFT coins as these coins prices rises as the game become more popular.

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August 13, 2021, 03:44:36 PM
 #89

NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.

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August 13, 2021, 07:17:44 PM
 #90


Wow what a list you have there... Sure, NFT games comes with risk just like any other investment in the world. Risk is quite inevitable. You can only try to mitigate it by investing in the right NFT gaming platform once you find it.

Speaking of gaming, my favourite so far is staking saloon season 2, a Seascape Network play-to-earn game. If you are looking for a play to earn game, give it a try...

If you compare NFT with DEFI i think current NFT has more scope and worth investing. NFT games like Axis are giving insane returns.
There are two ways to earn via NFT project. First if you have time, you could play these games and earn passive income on daily basis. Also if you do not have the time, you can only invest in NFT coins as these coins prices rises as the game become more popular.
NFTs have a much superior potential when compared to DEFI projects. Although both can be considered gambling, since you are risking your money, NFTs usually have an entertainment activity or product behind them, that are the online competitive games, while DEFI is all about pure speculation. Not that some NFTs aren't also speculative, including some which seem to have a scam approach, but there are more chances you find a legit sustainable NFT concept than a DEFI one. From a gambling perspective I think we could say the odds are more interesting in NFT niche than in DEFI one.

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August 13, 2021, 08:37:47 PM
 #91

NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.


And simply to say that it's also now being gaining more attention coming from those people who will gamble or risk their money just to get the opportunities to play first or invest first.

NFT is one of the most popular now I also thanking axie for bringing this idea, play to earn attracts huge attentions making more people to quest inside crypto market.

With more success of NFT, it will help to bring more attention and interest to this market.

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August 13, 2021, 08:56:58 PM
 #92

NFT games are now the trend, actually what was discovered thanks to Axie Infinity is that the best combination is in "Learn to earn" and "Play to Win", so there are many Crypto NFT projects.

I have seen that there are also games like Crypto Blade and another of Plants that are generating a lot of noise, which means that the business model for which the money is focusing is there ... I have also been seeing that many NFT projects are coming out, and they are also doing beta tests to check the best network, if they play games on the Mumbai network, among others it would be interesting as is the adoption of these games. I think that now the trend will not be to say: Invest and win, but Learn, play and win, where they can launch FREE and Premium versions of the game for those who have the money to invest and enjoy superior benefits.


And simply to say that it's also now being gaining more attention coming from those people who will gamble or risk their money just to get the opportunities to play first or invest first.

NFT is one of the most popular now I also thanking axie for bringing this idea, play to earn attracts huge attentions making more people to quest inside crypto market.

With more success of NFT, it will help to bring more attention and interest to this market.
It is indeed getting some interest and becoming even more popular as the days goes by if we do try to look at on those new games that do launch into the market which is mostly focusing on NFT's
but i wont be surprised that this current trend or hype would be make used of those scammers and recently a site becomes a scam which is Bladeknight which is similarly on the game
Cryptoblades which is popular and those new tends to make use of those interest and hype to lure in investors on the game which is a usual thing that do happen.
So we should still be that aware on how thing works and on what to avoid.

R


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August 13, 2021, 09:38:17 PM
 #93

Most crypto games are built in such a way that early players recoup their investment at the expense of those who join the game after them. That's why I wouldn't recommend investing your money if the game has already been running for a few months.

You're absolutely correct about this.

Most NFTs essentially a pyramid scheme that mimics the crash game. People are speculating on how far it will go up and how much the next persons are willing to pay for the same token that has no intrinsic value or hashpower to back it up.

Nothing wrong with this as long as people realise it is gambling - it is not an investment.

Only some of them use NFT as a tool for implementing the pyramid system, because in fact, nowadays NFT has become very popular and almost all of them are full on social media with offers and new types of NFT. As long as they have a limited amount of supply and come from a network that ensures that NFT will continue to be a place to increase new income.

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August 13, 2021, 09:50:55 PM
 #94

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.
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August 13, 2021, 10:27:05 PM
 #95

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.
One of the things i do observe too when NFT games becomes the new trend now then there  are lots of similar projects pop up and the investment you would be needing
is really too high.Yes, you might able to reach out ROI in no time but it isnt really that something that is worth to risk on but there are people whom do really love
to play or do gamble with these new games even they are aware on what would happen.

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August 13, 2021, 10:47:49 PM
 #96

Yes. Collecting NFT art can be done either through simple purchases, or through blockchain-based games. New NFT games often employ the same gaming systems as casino games. Basically, it's the same thing as winning at slots, poker, or blackjack in a crypto casino, except here you may actually be able to keep your NFT winning card. The risks associated with both are also similar.
Some of the risks involved in NFT Gambling are listed in this article.

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August 13, 2021, 10:57:13 PM
 #97

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.
All of us have difference choice.

We cannot stop those people that are liking to play and buy those NFT games because they've been making money so the tendency is that, they are fine to invest more money.

And for people like you and the others, it's better to gamble and there's no problem having that choice.



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August 13, 2021, 10:58:39 PM
 #98

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.

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.
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August 13, 2021, 11:33:51 PM
 #99

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.

Most NFT games are based on an investment system. like you can resell the items you get in the game or also sell your NFT assets to other people. and actually you don't lose assets because you will continue to be able to earn more. needed large capital sometimes is become barrier for people who just want to try nft games. what else in NFT is currently popular.

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.
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August 13, 2021, 11:37:46 PM
 #100

though I’ve heard some games ask for money first,

It's an investment, of course, there should be money first in most cases before you can start.

If all are free, then it's not good. There should be investment or capital needed in order to have a healthy flow of money circulating in the game. Some NFT games are totally free to play but don't expect good results if you will play on that mode forever.
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