Are NFT games also another way to gamble your money?

[livingfree]

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.

On that part, we can't consider the gambling is not within the NFT games themselves.

If listed on betting sites, it's just the same as betting on sports. It's very different from what the topic is generalizing that NFT games are like gambling our money where in fact, it's not gambling after all since we are managing it and making sure that profits are sure.

It's about the feature.

We have already distinguished investing in NFT and gambling with those items and in-game rewards that are also cryptocurrencies. And I've given some example on my past post about it.

I think it's a good idea for them to add that soon.

[Johnyz]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

[YuginKadoya]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

It is not totally gambling per se, but a gamble on what may happen next in an NFT project is it going to be a success or a fail, the Author has said that it may be another way of gambling but not totally gambling like in a casino but I think is like a medium that surely NFT games sometimes have an element of gambling, just like in RNG pulls, example in Axie infinity the cards that you are pulling are all random, you can never know if you would pull a combo or not, in My Defi Pet, like I have said random pets will be given to you when you buy an egg.

[Quidat]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

Profit isnt giving any assurance but its just dumb for someone on investing into something which they dont consider out first if they do already have the token that people could really able to exchange on.
Gambling and Playing games  had some differences comparing on how its been done but in the sense with the risk had been put up then you could say that it is really just the same on that sense.
Worth or not will really be depending on someones jurisdication if he do find out that it is really beneficial for him or not because not all will be having the same view.

[paxmao]

The classic question about what is betting and what is investing. To be honest, I would like to say that there is a clear limit between the two but it is quite a blurred divide rather that something that is subject to definitions. I mostly consider that investing in, e.g. ETFs, is related to buying assets that are related to a productive activity that yields certain results.

For example, buying gold is betting or speculating, while buying stocks of Google is more like investing. This is admittedly very questionable.

[Peanutswar]

IMHO it is an investment but they are the same with gambling because you are trying to risk your money and time too but it's not too much a risk because by this you need to keep yourself knowledgeable regarding the NFT game you want to invest with. If you don't see this game in any future why not step back and take the risk but if you think it's a good future investment why not try and take risks it's part of life. High risk-reward.

[timerland]

I see it differently based on the nature of the project.

Stuff like pulling cards are completely random and therefore probably can be considered as gambling. Whereas picking individual projects to invest in does not necessarily constitute gambling in the traditional sense as if you have the right networks and insight you can certainly gain an edge over the rest of the crowd.

Is the latter still risky? Absolutely. But there are certainly prolific NFT investors that have shown that they have the strategy/platform to consistently pick winners - so it's speculation at best.

[uneng]

IMHO it is an investment but they are the same with gambling because you are trying to risk your money and time too but it's not too much a risk because by this you need to keep yourself knowledgeable regarding the NFT game you want to invest with. If you don't see this game in any future why not step back and take the risk but if you think it's a good future investment why not try and take risks it's part of life. High risk-reward.

It's not too risky depending the game. If it's a well developed game which people also play for fun and because the game is good the risk is lower. But if the game is just like a common site where players click few times a day to collect daily income then the risk is much higher. It's like low and high risk bets. Between both options I think it's better to invest in the first category, because they tend to last longer and make more success on long run.

[Oilacris]

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.

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

Seen lots of people just dive in just because of the hype on where they do end up on playing games directly without even trying to look on whose the team behind or the developer.Did see some rug pull projects which is really sad into those who do lost up big or tons of money when the owner had ran off all of those investments.

This is one of the risk when you do deal into something not just on NFT games but also with other forms of investment as well here on crypto market.Gambling on the essence that you are risking your
money but at least you could really make out some advantage if you had done your assignment.

If you are good at dealing with research and expect the good potential of a particular project, the chance for you to earn is high, but if you are just being moved by those hypes, expect that along the way you'll lose your money.

Another type of investment where risk is really present but if you are done with doing your DYOR and you see that there's a good team behind the project.

The chance for you to receive a good amount of compensation is there. Follow the team, it will add more ideas to what future will bring to your investment.

Actually its really just too easy to say but choosing the best one would really be a hard thing to be considered but using up your common would also help on making out decisions specially to this.

You could at least make out presumptions that it would have potential.I do normally check out on their whitepaper and roadmap and look if they do actually able to follow it or else i would simply skip it.

For initial phase or talking literally into those games which had recently started then its hard to determine but somehow you can look basing up on UI/UX itself it its really worth the risk.

[Dread Pirate Roberts]

It's not too risky depending the game. If it's a well developed game which people also play for fun and because the game is good the risk is lower. But if the game is just like a common site where players click few times a day to collect daily income then the risk is much higher. It's like low and high risk bets. Between both options I think it's better to invest in the first category, because they tend to last longer and make more success on long run.

Most of NFT games are built for their user ecosystem and not for players risk their money. so yes nft are less risk than gambling . the concept is play to earn. and of course capital is needed to start because basically this is a financial investment in a gaming system. maybe there is an NFT that provides gambling features like that. but what is popular today in NFT games are offers more user play to earn.

[ultrloa]

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.

I will have to check the game but if you are using money and there is an element of chance there that is completely outside of your control then we could say that you are gambling, after all if we took out the name of the game and people were trying to guess what kind of game you were describing many people would have guessed poker as it is a game of skill in which probabilities still play a huge factor, and it seems this game could be under the same classification as poker.

Seen lots of people just dive in just because of the hype on where they do end up on playing games directly without even trying to look on whose the team behind or the developer.Did see some rug pull projects which is really sad into those who do lost up big or tons of money when the owner had ran off all of those investments.

This is one of the risk when you do deal into something not just on NFT games but also with other forms of investment as well here on crypto market.Gambling on the essence that you are risking your
money but at least you could really make out some advantage if you had done your assignment.

If you are good at dealing with research and expect the good potential of a particular project, the chance for you to earn is high, but if you are just being moved by those hypes, expect that along the way you'll lose your money.

Another type of investment where risk is really present but if you are done with doing your DYOR and you see that there's a good team behind the project.

The chance for you to receive a good amount of compensation is there. Follow the team, it will add more ideas to what future will bring to your investment.

All type of investment is so risky so even if we Do our research still we cannot eliminate the risk but as long as we are riding the hype and go with those project who have good liquidities then provably we can get a little assurance that they will not rug pull easily and stay for quite sometime. Also always think about when investing is invest only what we can afford to lose and forget our money when we are in the platform so that we will not get hurt when all things goes bad between your investments.

[Wexnident]

Actually its really just too easy to say but choosing the best one would really be a hard thing to be considered but using up your common would also help on making out decisions specially to this.

You could at least make out presumptions that it would have potential.I do normally check out on their whitepaper and roadmap and look if they do actually able to follow it or else i would simply skip it.

For initial phase or talking literally into those games which had recently started then its hard to determine but somehow you can look basing up on UI/UX itself it its really worth the risk.

On the other hand, though, most nft projects bring about the biggest profits at the initial launch. Mostly because most of the stuff that's happening right now is being hyped and most people are just entering everything literally at day one since they believe that every nft is a chance to make money. It is though but in the long run? It's too early to say I'd reckon. Look at Axie Infinity, it took quite a while for it to boom, experienced a high period, then dropped off slowly, until they release more content.

[maju69]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

Because most of today's NFT Games are actually very fun and can't really be said to be completely gambling. We are still playing and benefiting from NFT which can be employed such as completing tasks, some even doing mining. I'm currently using it to mine some tokens that can be traded on their own site and that's very profitable.

[RokokGudangGaram]

For me I think it's more better than gambling i think this NFT is more like an investment though of course there's still a risk, I see some NFT that offers high APY and gets abandoned by their developers and some NFT that its coin crashes too bad for people who bought NFT characters when the price is high, so more likely there's a risk but unlike gambling in long term you can earn profit in NFT.

Even then, if the NFT game project has many users and has a large enough size, many developers will be left behind because they are silent and do not have good judgment. Between having to gamble or playing NFT games, it comes down to user preferences. And we still persist in gambling.

That's right, this will still depend on how you see that NFT games but technically, those are not gambling its just you need to spend first before you able to get something in return and in some games, your gain is guaranteed since you can farm their own token that already has its value. If you think NFT tokens are too expensive and if that game is too expensive, better to wait for the price to dump before you invest.

Because most of today's NFT Games are actually very fun and can't really be said to be completely gambling. We are still playing and benefiting from NFT which can be employed such as completing tasks, some even doing mining. I'm currently using it to mine some tokens that can be traded on their own site and that's very profitable.

It will be dependent on how a user see and choose to use NFT. And I am glad to know that we are one on the thought that it is an actual game that is fun, flexible, and can be profitable as well for the players of the game.

[KTChampions]

I see it differently based on the nature of the project.

Stuff like pulling cards are completely random and therefore probably can be considered as gambling. Whereas picking individual projects to invest in does not necessarily constitute gambling in the traditional sense as if you have the right networks and insight you can certainly gain an edge over the rest of the crowd.

Is the latter still risky? Absolutely. But there are certainly prolific NFT investors that have shown that they have the strategy/platform to consistently pick winners - so it's speculation at best.

I think the majority of successful NTF investments (whether it's a game or just individual NTFs) is most likely insider trading. This area is practically not regulated in any way and nothing prevents large players from making their own project and then imitating its popularity with the help of bots and fake transactions. In a growing market, this is pretty easy.

[Fredomago]

All type of investment is so risky so even if we Do our research still we cannot eliminate the risk but as long as we are riding the hype and go with those project who have good liquidities then provably we can get a little assurance that they will not rug pull easily and stay for quite sometime. Also always think about when investing is invest only what we can afford to lose and forget our money when we are in the platform so that we will not get hurt when all things goes bad between your investments.

Said it right! Nothing is sure in terms of investment, not even you completely deal with your research chances that the project will fail still possible, there are good team at the start but in long process they also runaway with investors' money.

If you ride with the right train though your chance is great, like what's happening with Axie most of those who ride are getting decent profits and they really enjoying it.

Investment is for those who can take and handle the risk, but more for those who are wise who know how to pick the right ride.

[uneng]

It's not too risky depending the game. If it's a well developed game which people also play for fun and because the game is good the risk is lower. But if the game is just like a common site where players click few times a day to collect daily income then the risk is much higher. It's like low and high risk bets. Between both options I think it's better to invest in the first category, because they tend to last longer and make more success on long run.

Most of NFT games are built for their user ecosystem and not for players risk their money. so yes nft are less risk than gambling . the concept is play to earn. and of course capital is needed to start because basically this is a financial investment in a gaming system. maybe there is an NFT that provides gambling features like that. but what is popular today in NFT games are offers more user play to earn.

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

[molsewid]

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

Now, NFT games were in a hype and every exchanges were reporting that the most trending token today were almost associated with NFT games that features a "play to earn" concept. Many of this NFT games were now open to play to earn and so far many people that was an early investors of these projects so far took already their return of investments, however there are also some new NFT game projects that catch already many investors however the "play to earn" is not yet open. But so far, this kind of projects is just a good project and I think it's worth it for investment but of course be ready to take the risks.

[lienfaye]

You need to be careful because although they say the concept is play to earn, most of these *games* don't have any real gameplay. As I said, you just click in a common site few times a day to collect your daily income and that is a big red flag, since ponzi schemes can use this same concept: high earnings promises, poor developed site claiming to be a game, constant appeal to bring more players to the platform...
I think legit NFT games are actually a minority right now and even by investing on the legit ones you are risking your money, so it's a kind of gambling anyway.

Now, NFT games were in a hype and every exchanges were reporting that the most trending token today were almost associated with NFT games that features a "play to earn" concept. Many of this NFT games were now open to play to earn and so far many people that was an early investors of these projects so far took already their return of investments, however there are also some new NFT game projects that catch already many investors however the "play to earn" is not yet open. But so far, this kind of projects is just a good project and I think it's worth it for investment but of course be ready to take the risks.

Many people are showing interest with NFT games because aside from investing on their tokens (and possible gain from it in the future), the additional way to earn while playing their games are really attractive.

Thats why even other projects are not yet opening their play to earn feature, investors are already taking advantage by engaging themselves while its still cheap.

It has risk so yes its gambling, playing games while investing on the tokens are profitable if you happen to hit the right project to invest your hard-earned money.

[smyslov]

It has risk so yes its gambling, playing games while investing on the tokens are profitable if you happen to hit the right project to invest your hard-earned money.

DPET boss fight event was such a huge failure many incurred big fees without return of their investment and many are crying foul and disappointed because the developers are not yet ready for a massive transaction that so many transactions failed but they are charged I consider these NFT as gambling, you have to invest to earn here and the play to earn features are not yet launched if you don't consider this as gambling then only Join when they have it and when the price is already high.