Are NFT games also another way to gamble your money?

[travwill]

I think almost everything in the current market can be called gambling. Especially in cases where a person, not understanding the issue, acts on a whim after reading exclamation headings about NTF.
90% of NTFs are not bought and are useless. Those that buy usually buy 1 or 2 times. This is a beginner trap.

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[SarangWallet]

This is also a very serious gamble, you are still spending money, taking risks, and waiting to see if your money will grow or not. The type of gambling that you mean in playing this NFT game can be compared to investing in certain coins. You spend money, take risks and wait whether the value of the coin will appreciate and you will make a profit or not and you will incur a loss. It's basically the same as the NFT games you mentioned.

[lumierre]

I think almost everything in the current market can be called gambling. Especially in cases where a person, not understanding the issue, acts on a whim after reading exclamation headings about NTF.
90% of NTFs are not bought and are useless. Those that buy usually buy 1 or 2 times. This is a beginner trap.

You are right that many people make their decisions just based on another's advice, without their own research and understanding of the situation.  People just enter the game to make money on it, they buy expensive things like axies in Axie Infinity, this way they spend 1200$, but they are not interested in the game itself, so it is a real risk when you don't understand and just follow the crowd.

[wissy]

Unfortunately, there are so many knockoffs out there who just copy and modify the code a little. That's why its hard to predict, which game will be successful in the future. For now, i dont see any crypto game which would offer you addictive like content, which would keep players in. Until then, i dont see much promise in NTF games. 

[carlisle1]

This is also a very serious gamble, you are still spending money, taking risks, and waiting to see if your money will grow or not. The type of gambling that you mean in playing this NFT game can be compared to investing in certain coins. You spend money, take risks and wait whether the value of the coin will appreciate and you will make a profit or not and you will incur a loss. It's basically the same as the NFT games you mentioned.

More on investing since you are buying something in hope that the value will pump up.

Unlike gambling in which the outcome mostly negative, you play and try to win if luck is not there for you expect to lose your money,

with NFT if you enjoy the game and you managed to understand the whole concept your chance to earn decently is very possible.

A combination of luck and skills to grow your money.

[Galley]

I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

[mulia sabee]

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.

Yes, this is another way of risking your money because you are not sure if you will make a profit after buying NFT, I think this is an investment and is not considered a gamble like placing other bets. Seems like it's a lot different from gambling itself. but if you think of it as gambling then you need to also consider it, meaning don't think of trading as gambling!!

[ene1980]

I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

If everyone has thing mindset when they are playing with money, then there wont be any complaints. I do play games once in a while and most probably i will be playing free games in casino and once i feel like playing it with money i tend to change and play with money. The issue with NFT games i see is that the transactions fees are really higher when i tried to play the game and hence even i never tried playing them. Once the fees goes down i will be playing the game.

[finaleshot2016]

I play Splinterlands from time to time. I would not say that this is a gamble, although it is a card game. A little money, of course, was spent on it, and most likely it will not be returned to me, but I play for fun, not to earn money.

If everyone has thing mindset when they are playing with money, then there wont be any complaints. I do play games once in a while and most probably i will be playing free games in casino and once i feel like playing it with money i tend to change and play with money. The issue with NFT games i see is that the transactions fees are really higher when i tried to play the game and hence even i never tried playing them. Once the fees goes down i will be playing the game.

I believe that fees are always determined by the blockchain. For example, because Axie Infinity is based on Ethereum, it is expected that transaction fees will be high. The most of the NFT games I'm playing are from BSC, where the fees aren't too high and can be handled by a low-investor. Try some other BSC games; I'm sure you'll enjoy them; I've been able to play a number of games because I have a lot of BNB and the prices are low. That's also why the BSC has the majority of the NFTs.

[Dr.Osh]

I think yes with NFT games also another way to gamble our money because NFT like hype coin only exist few weeks later and then price of NFT coin dump almost 90%. You can see with many NFT game coins almost dump from cryptohund and only few NFT still exist like mbox have listed on Binance and AXIE NFT game, but not stable and price keep going down and not guarantee although success listed on Binance exchange, I have out from all NFT game and better not buy or invest with game coin right now.

IMO, if the project continues and is not a scam, NFT games are not the same as gambling. well, you play the game, and earn coins in it, and you can sell those coins. I think a lot of people have benefited from games like Axie Infinity. maybe quite a lot of coin dumps, but that's perfectly normal in the crypto world. token prices go up and down. Well, maybe everyone has a different view on this, but I don't see this as a gamble. although it is indeed risky, but most investments in altcoins are risky.
but again, I assume that NFT games are different from gambling, depending on the type of game.

[dhemasm]

I think almost everything in the current market can be called gambling. Especially in cases where a person, not understanding the issue, acts on a whim after reading exclamation headings about NTF.
90% of NTFs are not bought and are useless. Those that buy usually buy 1 or 2 times. This is a beginner trap.

Agreed, Lot of NFT project out there right now didn't have any real use case especially games, You can see lot of NFT games right now have same economic and the gameplay itself didn't even fund and basically just copying the Axie Infinity Concept. I think it's normal since we are still on early phase but there are tons of good NFT concept out there and the if you want to play then i should recommend MIR4, Iluvium (Upcoming and Alice.

[MarjorieZimmermanGinger]

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.

Everything we do will definitely get a risk, usually every risk depends on the work pattern we apply, the greater the risk, the more careful we are when starting, opportunities must be created and capital must also return from what we bet, buying tokens at pre-sale is an act to think about or invest in the game in the hope that we will get profit as soon as possible, therefore we need to prepare everything to reach the level of success in crypto world.

[Rahman11]

We live in exciting times where you can earn money by playing. In blockchain-based games, you can buy and trade in-game things as NFTs. There are already some highly expensive collectibles on the market today, such as in the game CryptoKitties.

Currently running top 5 nft games
Axie Infinity. Axie Infinity is probably the most popular NFT game around at the moment. ...
Sorare. Sorare is another one of the top 5 NFT games currently running. ...
Evolution Land. Evolution Land stands out on this list of the top 5 NFT games as it has a bit of a different approach. ...
Gods Unchained. ...
CryptoKitties.
Gaming and gambling are very similar activities; the gambling industry even uses these terms interchangeably. The main difference between the terms is that for gaming the outcome is achieved by skill, not chance, whereas for gambling, the opposite is true.

[LUCKMCFLY]

I think almost everything in the current market can be called gambling. Especially in cases where a person, not understanding the issue, acts on a whim after reading exclamation headings about NTF.
90% of NTFs are not bought and are useless. Those that buy usually buy 1 or 2 times. This is a beginner trap.

You are right that many people make their decisions just based on another's advice, without their own research and understanding of the situation.  People just enter the game to make money on it, they buy expensive things like axies in Axie Infinity, this way they spend 1200$, but they are not interested in the game itself, so it is a real risk when you don't understand and just follow the crowd.

The best strategy I have found so far is with NFT games, those that are from the "Play to Earn" legacy, the best strategy that many apply is to buy at the presale, then sell at the public sale, and then re-buy a lot cheaper and with that money enter the NFT game until the game has a lot of FOMO and can sell what you invested, this is the fashion, it is for this reason that NFT games are so famous. As an example is Axie Infinity, Plant vs Undead, and there are many more, in fact those who could not enter their private and public sales are confused with the profits that the game can generate.

[mulia sabee]

That is the definition of gambling if you are investing money into a company and expecting a return then that would be gambling because no investment is guaranteed a return. Taxing gambling and investments is different in some countries but the concept is the same.

[SacriFries11]

For me NFT games are gambling only if we put our own money in these games because we do not have any assurance that this money will grow since the thing we can earn through this game is also a crypto which price fluctuates. Yes there are already lot of people who gambled in NFTs and already get back their investment plus lots of profit.
But in my case since I am earning by being a scholar who does not used any of my own money to buy NFTs, I think it is not gambling. For me it is kinda blessing.

[OrangeII]

That is the definition of gambling if you are investing money into a company and expecting a return then that would be gambling because no investment is guaranteed a return. Taxing gambling and investments is different in some countries but the concept is the same.

Gambling is not just talking about money but talking about the opportunities that exist, business opportunities sometimes have to be risked with speculation.

Speaking of luck, I think every investment requires that. in fact, in starting something, we don't know whether it will work or not. what I think in this matter is
- if you know the type of investment, and the direction of the development of the project, then it is called investment.
- If you don't know about it, and invest in it based on feelings, I think it's like gambling.
In this case, I don't think NFT games are gambling. for example, if we play Axie infinity, with pretty good characters, we can get slp every day by running quests in the game. In addition, you can mate your Axie to produce other Axie species. isn't that clear enough. would be different "if" it became a scam. then it turns into a scam investment, and that is very far from the definition of gambling.
However, there are types of games that are truly gambling genres such as poker and others. however, I think the difference between games like that we already understand enough.

[errorcode99]

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.

This NFT game is a new trend in the gaming market. There are more games available. But you can't really think of it as traditional gambling. It's like investing in stocks. You buy coins from them, invest them in the game to buy virtual items and sell them at a profit. So this is not really traditional gambling. But there are certain elements of gambling. This is a property trading game called Upland.

[finaleshot2016]

For me NFT games are gambling only if we put our own money in these games because we do not have any assurance that this money will grow since the thing we can earn through this game is also a crypto which price fluctuates. Yes there are already lot of people who gambled in NFTs and already get back their investment plus lots of profit.
But in my case since I am earning by being a scholar who does not used any of my own money to buy NFTs, I think it is not gambling. For me it is kinda blessing.

There are components of NFT games that are gambling; theoretically, all investments are gambling, but NFT game projects are transparent. What I mean is that if you believe that the game is feasible, that there is progress, and that there is a beta version of it, then the NFT game is highly worthwhile; there is no need to gamble because there is already an assurance that it will yield profit soon. Because, afaik, developing a game is quite difficult, so if they've already made progress on it, it means they're serious about the concept and want to make it a reality as soon as possible.

[alviemery96]

The games you are playing because not all of them are in the same position as others where there is less risk and yes they are definitely a gamble because you are relying on the exchange rate to stay stable until you get your money back in the first place. If a game project you start, your investment will return quite quickly, the later, the harder it is for you to get your investment back. My initial investment is like the latest AXIE NFT game now, before when I first joined the game it only took me 1 month to get my initial amount back and now the participant need a month and a half then or 2 months