Are NFT games also another way to gamble your money?

[Oasisman]

If you're talking about years, most probably majority of the players have already made huge ROI.
I agree, Axie's price is no joke for a single team, but the amount of ROI is achievable in a 2 month maximum span.
I have seen people investing to Axie, they haven't lost their investment because the value of SLP or AXS has dropped or Axie itself has collapsed, but because they don't have the basic idea how seed phrases worked and they got scammed by phishing website and fake wallets.

That hope brings people after hearing that in 2 months you can earn back your initial investment, and from how I hear it from those close friends that I know, they are living proof that the game really rewards those early birds who take that big risk
investing in this game.

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After  more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment. 

[yazher]

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After  more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment. 

As days pass, I understand now that NFT is not gambling except if you invest in a shady project that has no transparency. As of now, I already get half of my ROI in the 4 NFT games that I invested and the games are still running and when I get the other half of my ROI, the rest are fully profits. What I did was I didn't put my NFT games capital in one basket rather I spread it in multiple games that have the potential to grow like Axie Infinity.

[carlisle1]

As days pass, I understand now that NFT is not gambling except if you invest in a shady project that has no transparency.

A very big difference if you successfully invest with the right NFT assets, those who came up first  with AXIE and CryptoBlade are all gainers

even CryptoBlade is not the same as it was few weeks back.

As of now, I already get half of my ROI in the 4 NFT games that I invested and the games are still running and when I get the other half of my ROI, the rest are fully profits.

Same with me, still kicking and looking forward that the game will continue and even the rewards is no longer good as long as the team still
allowing players to play still better than nothing at all.

What I did was I didn't put my NFT games capital in one basket rather I spread it in multiple games that have the potential to grow like Axie Infinity.

Got to admit that for me Axie is no longer possible, don't have that such amount of investment capital.

[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.

Most of those who are on top ranking is just new NFT games which it isnt incomparable with Axie inifinity since its already a year old game and it is just really able to get some attention too much on this year thats
why it did really make out that significant rise up into its price which does signify that there are lots whom do really love this game.Although  you do need to invest for you to earn.ROI is somewhat fast
compared to other legit businesses out there but we know the risk.

New games now are making out some noise because of fast roi and big earnings but the risk is way more higher since there are already some games turns out to be a scam which is only good for a week.

So always take caution on dealing with new games that having that play to earn feature but actually you do really  need to invest first.

You are right, caution is needed, we are still enjoying the game, but we must pay attention to the security aspects of prolonged transactions. Usually this kind of condition is not just an NFT Hype and then people use it to make more money than launching an NFT which can generate profits quickly but doesn't last long. The reputation of the game that guarantees and is widely trusted is certainly better and provides security for its users.

[Fredomago]

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After  more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment. 

Good for you, and till now if you still piloting your character you continue to earn and that's all passive income for you.

Taking part with NFT games like Axie really pay decently, though for now those who have that same desire need to invest a huge amount of money to have a good starter pack to begin their journey.

There's always a risk, but if you have a strong nerved and you believe to your instinct whatever happened you'll going to take your step.

[passwordnow]

You are right, caution is needed, we are still enjoying the game, but we must pay attention to the security aspects of prolonged transactions. Usually this kind of condition is not just an NFT Hype and then people use it to make more money than launching an NFT which can generate profits quickly but doesn't last long. The reputation of the game that guarantees and is widely trusted is certainly better and provides security for its users.

People are staying because they're taking the benefits, whether it's an NFT game or any other means of giving sustainable profits, they'll stay. And the consideration of gambling on it is through the volatility and hype, the risk it gives to every person that wants to come in.
As long as the developers know how to adjust to its economy and game sustainability, it will continue. And if they're thoughtful and caring for their players, they will always look at the idea of win-win for them and as well as their players/investors.

[dunfida]

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After  more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment. 

Good for you, and till now if you still piloting your character you continue to earn and that's all passive income for you.

Taking part with NFT games like Axie really pay decently, though for now those who have that same desire need to invest a huge amount of money to have a good starter pack to begin their journey.

There's always a risk, but if you have a strong nerved and you believe to your instinct whatever happened you'll going to take your step.

If you do like to have some improvement into your life in terms of finances then you should really take some risky step even though gambling out some funds for the sake of investment.

You wouldnt know if it would be effective or not or would turns out to be profitable or not.On this case, there are lots of people who took the risk on buying their teams and turns out on hitting ROI after a month

which i can really consider to be worth since on the next month you are already just longing for your pure profit since you had already ensured your capital which is a must or priority thing.

[Kyraishi]

I can personally testify to that as well.
I had my first Axie team back in June (considered to be a late entry when Axie become a big hit in March) for approximately $800 including gas fees and SLP was around $0.1. After  more than 2 weeks of playing, I was able to cash out $1,200 as the SLP had a run to break a new ATH early in July.
See, in just less than a month I was able to take back my capital investment plus an extra ROI.

Again, there is a difference between a literal gambling and investing in NFT games. Some people seems to be confusing themselves between gambling and investment. 

But what intrinsic value are there in NFTs?

If a particular purchase of an asset does not have any cash flows/utility to back it up, then it should be considered to be a speculation - which is essentially financial gambling.

No matter how you try to frame it, picking certain NFTs and not others without any specific insight into which ones have utility and which ones don't constitutes gambling. Period.

[livingfree]

What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.

A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.

[carlfebz2]

What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.

A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.

Possible but we dont know on what are theiir plans because its just too early to say that bookies would be listing out particular games knowing that Axie infinity isnt really still that big although they had currently
1,200,000+ active users.Dont know if its accurate considering that some people does have multi-accounts or in forms of scholarship.

We are just way too far off with those possible events that might happen in the future.It will always vary on the demand and further developments would be seen
depending on how it would progress out.

[aioc]

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?

I invested in Splinterlands and DPET but not to evolve my cards and pets I invested because I know that there will be demand in the market once the games took off, so in my part, I consider this gambling because I expect to profit from my investment if I am dedicated to leveling up my pets and playing to enjoy then it's more on a recreation for me, not gambling ort investment.

[molsewid]

If you're talking about years, most probably majority of the players have already made huge ROI.
I agree, Axie's price is no joke for a single team, but the amount of ROI is achievable in a 2 month maximum span.
I have seen people investing to Axie, they haven't lost their investment because the value of SLP or AXS has dropped or Axie itself has collapsed, but because they don't have the basic idea how seed phrases worked and they got scammed by phishing website and fake wallets.

If you're talking about the sustainability of the game, then I can guarantee you it will last longer than you expect. Maybe the SLP or AXS will gradually drop it's value but the game is still there. Also, the devs are trying everything they can to make the game economy sustainable in the long run. So, I don't see any "high gamble-like risk" in this game.

To be honest I believe that all those who have invested in Axie earlier this year have had take already their return of investment because this year this NFT game have made a remarkable skyrocket price. I think way back at the earlier days of this year the axie pet price wasn't that cost much but now the floor price triple compare to the last time I bought and it is not a joke to invest in this NFT game because it really need a huge amount but on the other hand it is worth but since the value of SLP today is dropped I don't know how long will take to get ROI of those late investors but still the token has a value and that is fair enough so i don't see any high risks in NFT to be honest.

[Oasisman]

~snip~

To be honest I believe that all those who have invested in Axie earlier this year have had take already their return of investment because this year this NFT game have made a remarkable skyrocket price. I think way back at the earlier days of this year the axie pet price wasn't that cost much but now the floor price triple compare to the last time I bought and it is not a joke to invest in this NFT game because it really need a huge amount but on the other hand it is worth but since the value of SLP today is dropped I don't know how long will take to get ROI of those late investors but still the token has a value and that is fair enough so i don't see any high risks in NFT to be honest.

Well, that still depends on the investor's risk appetite. If he thinks that the risk has now doubled this I guess staying out of it is the better choice. If an investor had his due diligence before putting his money to Axie, then I guess he'd have a better chance of getting into the game regardless of SLP's value.
Remember alts in the market had their corrections. Besides, SLP was below $0.11 back in March and that was the time when Axie became very popular. I am still optimistic that SLP will bounce back on the latter when the reward halving takes effect.

[LogitechMouse]

Investing in NFT games especially in the new ones are like investing into meme coins.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.

There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.

[carlisle1]

Investing in NFT games especially in the new ones are like investing into meme coins.
For sure many invested into meme coins months ago right and many got their profits in a short amount of time. Unfortunately, many people lost their money too just by investing into those meme or shitcoins.

There is no difference here in NFT games. Investing into new NFT games is very risky and there will be some games who will make their way to rug pull but there are some who will continue their services and will become a successful NFT game. Investing in NFT games is for me considered gambling only if the game is new, kinda shady and not transparent. There are some NFT games out there who are established already like Axie Infinity.

Said it right! If you failed to ride with the hot projects then you lose your opportunities to earned a lot,
It's your own opinion if how you percepts this kind of investment no one will held responsible aside from yourself.

Comparing this new trend from all those past hot and coolest ways of investment, this one attracts more people, most
are those who don't have any idea about crypto, but due to playtoearn  they are now inside this market.

Success depends from how you deal with your research and how willing you are to take the risk..

[zanezane]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

[DU18]

I don't think not all of them, most of them involve some form of strategy so it already discounts the fact that NFT games are a way to gamble money. Take Axie Infinity for example, it's a skill based game with an element of chance in terms of cards, critical hit and skill of the opponent so it's not gambling.

Axie game is a game that is quite popular for crypto lovers this year, and even many of its users dare to spend a lot of money to play on the game and in my opinion the game really provides a pretty fun playing experience, moreover we have many options to be able to get tokens , in a way that players can breed it, raise, and fight Axies in the universe.

[worldofcoins]

You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.

It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.

[dunfida]

You are betting on the odds that the game's item that you own will be of much more value when you buy something in those NFT games so basically you are betting on the ods that aren't clearly specified but they exist.

It's quite hard to put this into classic gambling but gambling is most likely involved because the outcome of an item's value in the future is uncertain and it's similar to stocks.

And thats a form of investment rather talking it as a gambling game specifically and people should at least know the difference among the two and shouldnt really be compared since both are different things.

Well, yes there might be some mixed of gamble since you are risking out your money on investing or buying these in-game items or something like that or simply with digital things but

you wouldnt know if these things will really be valuable later on or you would be simply just wasting off your time and money.

[livingfree]

What if the developers of the game like Axie will start to make their own PvP-betting platform and all you can bet, AXS, WETH, SLP and even our Axies. If the developers won't make such.

A casino that looks into it can make this very well. Just as the same as the Dota 2 lounge before when the items have been the bets, uncommon, commons, rare items that can be connected to the account and the same as the game of Axie. I think this is very possible and this is a truly gamble that involves huge amount of assets.

Possible but we dont know on what are theiir plans because its just too early to say that bookies would be listing out particular games knowing that Axie infinity isnt really still that big although they had currently
1,200,000+ active users.Dont know if its accurate considering that some people does have multi-accounts or in forms of scholarship.

We are just way too far off with those possible events that might happen in the future.It will always vary on the demand and further developments would be seen
depending on how it would progress out.

They have to add feature of being viewable top games so that bookies will have their reference. I've seen Jihoz tweeted about different products so I think they're also thinking about it.

Although, it's not included to the projects or products that he has posted but maybe there's an essence for it and they're looking after it too. But, they don't have to expose it right then.