Are NFT games also another way to gamble your money?

[bitterguy28]

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

I know the game and this is very addicting lol , and also very cheap to start up and thinking about this can be considered as gambling ? i don't think so because unless you will invest tons of amount then that is the risk and that's how tyou can be called as in gambling.
also if you are just making this for fun then this is not a gambling at all.

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.

wait , but where does the Scam idea comes? there are no mentioned about that matter all over the thread .

[AicecreaME]

Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.

The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.

[carlisle1]

Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.

The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.

NFT games who offered Play to Earn set up indeed gives you that opportunities, once you started you'll received  amount of compensation,

while in gambling if luck is not on your side it will going to get the money out from your pocket without
any way to recover it unless you'll try again and put more money on it.

Both have risk but if you think wiser investing with NFT games might have some good edge as hypes really bringing
this assets to the next level inside crypto industry.

[zidanw]

I'm playing Cryptoblades, but it's not actually gamble but an investment if you lose in a fight you will just lose stamina and you will lose small BNB (Transaction) but if you win you will have profit however the only enemy here is the price of the NFT if the price drops of course the value will also drops the only thing here is that you will able to earn more rather than to lose.

[kkaroul4]

Yes we can consider it as a gambling since after we buy their token or invest to that game you will earn, just like what you have said some people bought characters when the price is high and right now the price crash it means that the people was not sure what will happen and that's why it considered as a gamble, it's just my opinion and my view.

[el kaka22]

There are so many things involved with NFT games that I do not know how to explain it in just one word. Is there a gambling involved? Sure there is some, is there an investment involved? Sure there is some. Is there gaming involved? Well yeah, it is a game. Basically there are tons of stuff that are involved with this that you have to accept the fact that some parts you may like and some parts you may not like.

For example, there are many games where you pay a simple fee where you get some sort of pack and in that pack you could get something amazing or something very useless, that is gambling, then you put that into work and that is investment, then you play with it and that is gaming. I have to say this idea could grow to be one of the best things ever, but for that to happen we really need it to keep going for a while, more and more new games will come out, and one will be so amazing that it will be bigger than PC games you see on steam.

[fiulpro]

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.

At the same time I do think that these games are going to be modified accordingly and there might even be a smaller issue regarding kids trying to use these therefore we might need more strict rules.

NFT games are something really interesting and the new concept is getting accepted slowly all around. Plus there are games like PUBG which already allows players to interact in the chats and allows them to make small tournaments and everyone pays for it.

Investments are sure something that are involved here and players also make teams internationally to win these tournaments.

[Sterbens]

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.

I agree if this is categorized under the type of Gambling with a much broader version. Through a rather modern concept because NFT is now very diverse and we can bet on it. Whether it's Axie or a game, of course we don't really recognize it because there are too many games that offer the same thing.
Having a much higher level of risk, buying at that price, then it will become an exhibition event by increasing the price drastically.

[TimeTeller]

Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.

The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.

NFT games who offered Play to Earn set up indeed gives you that opportunities, once you started you'll received  amount of compensation,

while in gambling if luck is not on your side it will going to get the money out from your pocket without
any way to recover it unless you'll try again and put more money on it.

Both have risk but if you think wiser investing with NFT games might have some good edge as hypes really bringing
this assets to the next level inside crypto industry.

As long as you are investing in NFT games that are really worthwhile.
Some of these are just riding the hype of NFT market.
So you should know how to evaluate their real value and not just following the hype.
In this case, you are also gambling your money. Anyway, we are already gambling our money in most of our daily activities.
But it is up to you how you will assess the risk on a specific platform, which is why it is very important to know if they are really worth your time.

[uneng]

These games are refined hyips (High Yield Investment Programs). When investing in this kind of concept you are always gambling with your money. The problem is that some people don't see it this way, as they believe it's a safe investment. The fact is that games' items are artificially inflated by the money new players make in a daily basis, exactly how a ponzi scheme works. Once the flux of fresh money decreases, these items will lose their values considerably in a way new players won't be able to recover their initial investments.

I say that because in no legit way static browser games like Cryptoblades and Mobox, without any gameplay would have huge demand like we are seeing right now. If you want to avoid the risk look for NFT/Blockchain games which have real gameplay, development, ingame economy, consistent players community.

(It's not the first time hyips use fake games to run their businesses. People who are on the internet for a longer time must know some hyip games which were very popular especially in eastern europe).

[Zilon]

My biggest fear is the guarantee of refunds of investment if prices drops or goes higher that is to say what ever goes on in the process lies strictly on my own risk. Looking at the second game crypto blades where there is no assurance of refunds then I will bluntly say it's not worth investing in.

[crzy]

My biggest fear is the guarantee of refunds of investment if prices drops or goes higher that is to say what ever goes on in the process lies strictly on my own risk. Looking at the second game crypto blades where there is no assurance of refunds then I will bluntly say it's not worth investing in.

There’s no assurance for the profit, this is why you only have to invest your extra money. There’s a big issue with cryptoblades especially those who invested on its peak price, now they are still down. Gambling is something that you always do even without any assurance of profit, some NFT games have an assurance to make money everyday but still depends on the market value of that token, NFT games can’t be consider as gambling.

[Smartvirus]

Wow! There are lots of things that we've come to give value in the crypto space that at times, it feels as though we are doing too much. I don't know but, I really think I might not be looking into the NFT game or gambling as we may have it, anytime soon. It just doesn't add well to me and the interest with NFT gaming could be much more less by the day, looking at the fact that, those who play games more are teenagers. More of the funds resides with the adult forks and they aren't much of a gamer so, how could this really strive I wonder!
What problem or function has this sort of investment plan come to solve? Because in the library run, it's what really matters and could be the thrilling factor beside its idea.

[Fredomago]

My biggest fear is the guarantee of refunds of investment if prices drops or goes higher that is to say what ever goes on in the process lies strictly on my own risk. Looking at the second game crypto blades where there is no assurance of refunds then I will bluntly say it's not worth investing in.

There’s no assurance for the profit, this is why you only have to invest your extra money. There’s a big issue with cryptoblades especially those who invested on its peak price, now they are still down. Gambling is something that you always do even without any assurance of profit, some NFT games have an assurance to make money everyday but still depends on the market value of that token, NFT games can’t be consider as gambling.

Risk is there but use different approach, NFT games is more on investing side while gambling is more on your entertainment or money-making in a quicker turn around.

Both though don't have any assurance that you'll be able to get the best outcomes, that's why it's a must to use spare money, amount that you are willing to let go. Back with NFT and naming cryptoblades indeed those who bought and join this game at the very peak losses a lot of money if they decided to sell their skills. The value crashed and still far from the last time high.

[goinmerry]

The gambling part is the output. For example in DefiPet, you will buy a pet but the chances of getting a high quality have a probability. It's the same as gambling and relying on RNG to have a good pet. But the difference in actual gambling is, you can still use your buy pet even it's just a common one.

About the investment part, we shouldn't think of it the same as the usual gambling since we are not relying on luck here. If things go properly, it will be paid off just how we managed the usual business and investment.

[chaser15]

It's not a gamble since we are trying to making it good as possible.

These games should be treated as investments. Making it gambling is a suicide. We should care for the money we used on these NFT games. Risk is always there so we need to find ways to minimize it. It's like buying a good coin and waiting for the right time to sell it. Here in NFT, we will try to make a regular income out of playing these.

[kolonel_x]

Investment and gambling is different, also the word "gamble" is a very broad word to begin with. I guess the right term to use when you're using your money in an investment is "risking" and not "gambling" your money because you put it in a game to earn money.

The other way to determine the difference between NFT games and gambling is that NFT games assures you to earn money once you started while in gambling, it is the complete opposite.

nft games give us the opportunity to get rewards in diamonds as long as we all play the game as determined by the developer.
indeed for now NFT is becoming a pretty good hype because apart from this it is an easy thing to solve.
different from gambling where this is testing your luck here and the chances are there are only two when you are in gambling namely the first you will win and the second you will lose

[nelson4lov]

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.

Definitely not the first time I've seen people go all in and gamble in games like that by paying outrageous amounts of money in the game in order to win more. I just learnt about what the Axie infinity scholarship program. It's a good initiative especially if certain players won't be able to participate in the main game. I reckon that in the near future, we would see more games like this and people being gamblers would still shell out monies to participate in gambling games like that.

[cryptoknightt]

If the game relies on luck, of course it is included in gambling. Shouldn't this Nft game be like a mining field to earn? game I mean like "Axie Infinity" https://axieinfinity.com/
and this is the Nft market https://marketplace.axieinfinity.com/. here as users we have to play strategically and this is really different from other Nft games. For me Axie infinity is very good so far. I get a more income than before.

[ene1980]

It's not a gamble since we are trying to making it good as possible.

These games should be treated as investments. Making it gambling is a suicide. We should care for the money we used on these NFT games. Risk is always there so we need to find ways to minimize it. It's like buying a good coin and waiting for the right time to sell it. Here in NFT, we will try to make a regular income out of playing these.

How can you ever view playing games even though it is connected to a blockchain as an investment, i am yet to play any games and i am sure you need to connect your wallet just like you do in gambling sites and can start playing. I am not sure about the dividends you are going to earn playing the game but still you cannot view playing games with money as investment.