Are NFT games also another way to gamble your money?

[yazher]

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.

[Obito]

If it's based on your items or something and an added modified rock, paper, scisslrs RNG then I could probably say that it's going to be considered a gambling and also, Cryptoblades is a bit more of a gambling than most although you can always up your chances of winning when you have a good weapon and character.

[Wexnident]

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.

[cabron]

If you could lose money from it, it's a way of gambling. But then there is a new trend for it which could trick your brain into seeing it as NFT and NFTs are stores of value. I have not played any of these games but would like to if I just have some time.

What is the difference between these games compare to the Axie? I believe they are all the same since they do have tokens too.

[ralle14]

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?

That depends on the game you're playing since not all of them are in the same position as the others where there's less risk and yes they're definitely a gamble since you're relying on the exchange rate to stabilize until you get back the money you've spent from the start.

For those who plan on investing it's better to understand the risks first, as long as you can afford the money you've spent then it doesn't hurt to invest no matter how late you are compared to the others since that type of situation is kind of similar to how we invest in crypto.

[Darker45]

This is also gambling in its broader sense. You still shell out money, take the risks, and wait whether your money will grow or not. But I guess this is not the kind of gambling when we speak of gambling as in placing a wager on a particular sports event or on a certain casino game in which the results would only either be you win or you lose.

The kind of gambling you refer to in playing these NFT games could be more likened to investing on a certain coin. You spend money, take the risk, and wait whether the coin's value will appreciate and you will make profit or not and you will have a loss. This is basically the same with the NFT games that you mentioned.

[Maus0728]

To answer your question, yes.

NFT gaming has no difference to the games offered by these casinos. You are putting your resources (time and money) at risk in the hopes of winning back your money, with the exception that the ROI is considerably longer than with casino games.

Also, the "gambling" aspect  is the uncertainty of whether they are sustainable enough in the long run or not. In fact, the possibility of losing your money could be the downfall of the game itself or the token right after you've put your money on the line.

[ethereumhunter]

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling. But if they offers to spin the fortune wheels using some units, then that will be a hiding gambling as not many people will think that is not a gambling. Besides that, people will not think about gambling or no if they really enjoy the games and they consider to play more because they can feel excited to grow their level. Sometimes, we did not realize if that game is related to gambling.

[Maus0728]

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling.

Not until you realize that the game you've invested in is a scam, or that they've committed a rug pull on their investors after milking them because they're a bunch of money-hungry assholes. This is why the notion "Invest with what you can afford to lose"  is still something that need to be considered.

Paying for a game that guarantees a return but requires a lot of time can also be considered as gambling.

[kotajikikox]

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 in past.
maybe the longest i can engage in this game if given a  chance to play free like what Axie's scholar does.

[Hippocrypto]

That will depend on the game because if the games offers you to invest inside the games to earn something, maybe that is not a gambling.

Not until you realize that the game you've invested in is a scam, or that they've committed a rug pull on their investors after milking them because they're a bunch of money-hungry assholes. This is why the notion "Invest with what you can afford to lose"  is still something that need to be considered.

Paying for a game that guarantees a return but requires a lot of time can also be considered as gambling.

What we have in life right now is more like gambling, you don't know what exactly will the outcome is so you're risking over an investment or any type of gambling. Worst cases only come after when you find something bad, then scam accusations will be arising. Our game that's been tackled was the reality of life, and in everyday lives we're facing different uncertainty.

[goaldigger]

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.

We are investing to get more profit and its normal to think when will be the ROI if you are going to invest on that NFT games.
I don't know what's connection with this one to gambling but if the game tells you to risk something before you win, then that is more about gambling but if you are just going to invest and play the game like on AXIE, I don't see that one as gambling.

[finaleshot2016]

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

ROI in splinterlands is easy to achieve, and I don't consider it gambling based on my experience, because most NFT games guarantee that it will bring your initials, but it depends on how many days, weeks, or months it will take. However, in my experience with Splinterlands, I have already gained 3x 2000 dec in daily quest, which means that I have already gained on that game, and I also have some gold foil cards and epic cards that I have yet to sell because I want to use them as power to rank up in the game. Also, buying NFTs is similar to purchasing a toy or a game and having access to the game and its rewards, so I don't consider it gambling.

NFT games will ensure that your money is returned after many times of playing. IMO, the only gambling here is if the situation becomes shady, such as devs not updating the game or people losing interest in the game, which causes people to dump the coin, there's a risk on that part.

And take note that: When you lose a game in NFT games, you have nothing to lose, so I don't consider it a gambling game because there's no risk included.

[robelneo]

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?



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.

Of the three I invested $200 here on DPET, because of the roadmap, developer's interaction on their community, and of course platform I invested when the price is on a spike, I just want to buy so I can level up while they are developing the whole platform part of their roadmap is they will take out the hatching so you have to buy in the marketplace where the seller is the one that can set up the price so far they are doing good but in terms of ROI, you are right you will have to wait a few more months before you can profit, the work and the platform is on progress, but glad to be here this early.
It will only become a gamble when you put your money and there's so much delay on the platform, so far they are on track.

[Jackl87]

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.

I also looked into those play-to-earn games recently because i am a pc gamer myself and if there are good games out there where you can earn some money while you doing something that you enjoy then of course this would be an absolute dream scenario for me. Most of those "games" though are no real games as they don't really have much features yet and the features that they have are very simplistic. What you although need to consider is that you already have to invest a high amount of money only that you can start to play those games in most cases. Just take a look at axies infinity which is the biggest and most successful play-to-earn game. You need to own at minimum 3 axies just to be able to start playing the game. At the moment 1 axie costs at least 300$ whcih means you need to invest 900$ to start playing and of course you don't know if the prices drop or increase until you have bred your own axies that you can sell. So those games really are a gamble in my opinion, just like most other investments.

[blockman]

Gambling and investments have always been considered identical but in reality, they're not the same. Those that you've pointed out are a part of investing and just as gambling, we're all hoping for a quicker return as we have invested because that's all that we want to have once we invest. As for gambling, the connection that you can put with these NFT games are the PvP. You add some twist and flavor upon playing with other players and that is to bet for yourself or anyone who will agree with any amount. You have missed Axie Infinity for which is going to be an e-sports soon so betting is going be likely with it.

[avikz]

These NFT games are the new trend in the gaming market. There are a lot more games available. But you can't really consider them as traditional gambling. These are like investing in stocks. You buy coin from them, invest it in the game to buy virtual things and sell them at profit. So these are not traditional gambling really. But some certain elements of gambling is present. There is one game in NFT market making news recently so I decided to give it a try. It's a property trading game called Upland. I am sure we will see this trend continues.

[peter0425]

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.

We are investing to get more profit and its normal to think when will be the ROI if you are going to invest on that NFT games.
I don't know what's connection with this one to gambling but if the game tells you to risk something before you win, then that is more about gambling but if you are just going to invest and play the game like on AXIE, I don't see that one as gambling.

the connection in gambling is the idea that you are risking your money in such a game, when you are not sure to earn .

and also depend on the game when you can fight with each other and can put bet on it then that can be a gambling.

[Bttzed03]

@Darker45 sums it all up. This is about the token volatility and not exactly about the game itself (same old buy high sell low and vice versa).

To be honest, this is not what I had in mind when I read the title. I was expecting the topic to be more about PVP or PVE in each NFT games where players have to stake their weapons/skills in battles.

[TheNineClub]

I mean, if you look at it that way, all investing is gambling be it crypto, property, gold... But looking at the last game, it might not be a scam, but I wouldn't be surprised if it turned out to be. As the crypto gaming industry is getting bigger, so is the possibility of getting scammed, and buying NFTs for a game that's not even out yet is risky AF and is quite literally a gamble.