NFT slot Machine !!

[Mauser]

I didn't fully understand how the new NFT slot machines are going to work. Does it mean once we play the minimum amount of games per day we receive a free NFT from the slot machine? So it's kind of a bonus for regular customers. Or does it mean instead of being able to win big jackpots, we now only can win NFTs? The idea seems interesting if its some limited time offerings to promote new slot games. The important thing is to not give out too many NFTs in my opinion. If the market will be flooded with tons of new animal NFTs that gamblers get for free the price for them will likely be 0. Why would anybody pay money for them if he can obtain them for free himself. The best way is to create some scarcity and don't offer them permanently. Only when they can't be obtained anymore the value should be rising. And for gamblers it only becomes attractive if there is some real value behind it.

[Maus0728]

Or does it mean instead of being able to win big jackpots, we now only can win NFTs?

That's what they claim. From what I have understood, you can still randomly win either a big jackpot or an NFT from luckydegens NFT collections which I think is also associated with their casino.

If the market will be flooded with tons of new animal NFTs that gamblers get for free the price for them will likely be 0.

It isn't free if gamblers have to spend a fuckton of their money simply to get an NFT. So, in a manner, the idea of having a chance to win an NFT as one of the casino's main rewards still combines the principles of supply and demand because they have some monetary value associated with them most especially that additional free spins will be given if you own one.

[Betwrong]

If the market will be flooded with tons of new animal NFTs that gamblers get for free the price for them will likely be 0.

It isn't free if gamblers have to spend a fuckton of their money simply to get an NFT. So, in a manner, the idea of having a chance to win an NFT as one of the casino's main rewards still combines the principles of supply and demand because they have some monetary value associated with them most especially that additional free spins will be given if you own one.

Right now it's not the best time to talk about the value of any crypto related asset, NFT included, but there's a good chance that this situation will change for better because it's not for the first time we find ourselves floating in the minimum range of that sine wave. Since it's a wave, we are inevitably going up after reaching some minimum turning point, and then many crypto assets, if not most of them, will regain their value, and there's a good chance of them being more valuable then ever at some point in the future. And an NFT that seems worthless today may bring a fortune for you one day. Especially ones made by already established creators.

[LUCKMCFLY]

According to the source a crypto website have launched a new NFT which comes with free slots for the holders for UpTo 50 times per day and you can also own new NFT by playing that machine as well !

The OG Collection will launch on 24 June 2022, while the Jungle Animal Collection will follow with a July 2022 release planned. New Jungle Animal NFTs will then be released monthly up until January 2023.

Due to US gambling laws, Lucky Crypto and Lucky Degens are restricted for US residents.

I found this concept a bit different,  they are trying to build the whole concept around Metaverse with adding the NFT concept as well, I think this is quite different and would like to know the thoughts regarding this, would you play? Would you own the NFT, it's good to see the casinos coming up with new ideas.

https://www.gamblinginsider.com/news/16589/crypto-casino-launches-first-nft-slot-machine

I think that what they are looking for is to access NFT technology because it has some advantages when it comes to investing in their NFTs when it comes from a company or project, I think that the ease for a project is that they can move their NFTs and generate volume With NFTs, it is very easy to bet on slots in any currency or even FIAT money, but as for NFTs it is different, it is the way you can get them to life, but according to the experience of some players it is not good at all, In my personal opinion, I don't see it as bad, if what some are looking for in slots is to have fun, it's not bad.

[martina14]

According to the source a crypto website have launched a new NFT which comes with free slots for the holders for UpTo 50 times per day and you can also own new NFT by playing that machine as well !

The OG Collection will launch on 24 June 2022, while the Jungle Animal Collection will follow with a July 2022 release planned. New Jungle Animal NFTs will then be released monthly up until January 2023.

Due to US gambling laws, Lucky Crypto and Lucky Degens are restricted for US residents.

I found this concept a bit different,  they are trying to build the whole concept around Metaverse with adding the NFT concept as well, I think this is quite different and would like to know the thoughts regarding this, would you play? Would you own the NFT, it's good to see the casinos coming up with new ideas.

https://www.gamblinginsider.com/news/16589/crypto-casino-launches-first-nft-slot-machine

It never clear to me what NFT slot machine is this, anyhow for me it sounds good to me in some other way. Like free slot for the holders
up to 50 times per day, what if out of 50 times the players win 25 times, is that convertible into a crypto or real money, just asking?
And you never give the exact website of this slot machine dude, or I just missed it only.

[Wexnident]

In the article, it says the collection that's needed are Jungle Animal Collection and the OG Collection[1] which I think is associated from the casino itself.
Sure the concept is pretty new when it comes to slot machines, but the fact that other established casino have implemented the use of NFT's in exchange for varieties of rewards isn't new.

[1] https://mint.luckydegens.com/

Oh so it's like how rollbit uses their NFT, casino users have perks and whatnot depending on the NFT they own. Nothing new there indeed, I suppose I wanted them to have something else other than that. Especially since I think NFTs from the spins would probably be less effective or has fewer benefits than the minted ones (which is natural imo). Maybe make it as a consumable type instead? Though I guess idk, that defeats the idea of an NFT?

[madnessteat]

Personally, I see the prospect of using NFT in casinos in several ways:

1. NFTs allow for increased bonuses
2. NFT allows you to receive a portion of the casino income.
3. NFT allows you to play games not available to regular users
4. NFT allows you to play a certain number of games for free each week.
5. NFTs must be a strictly defined number, they must be won in the casino and traded on one of the known NFT-platforms

If casino NFTs have a few of these attributes then they will be in demand.

[jostorres]

I think that what they are looking for is to access NFT technology because it has some advantages when it comes to investing in their NFTs when it comes from a company or project, I think that the ease for a project is that they can move their NFTs and generate volume With NFTs, it is very easy to bet on slots in any currency or even FIAT money, but as for NFTs it is different, it is the way you can get them to life, but according to the experience of some players it is not good at all, In my personal opinion, I don't see it as bad, if what some are looking for in slots is to have fun, it's not bad.

Yes, it is seems that their main priority here is nft but they only use the slot games as a secondary prospect to make this idea more successful. It looks like they are serious and research everything in regard to nft's and they figured out that many people still don't like it but many people like slot games. They think that combining the two would be a good idea and maybe this is the only way for the people to start liking nft's and know their true potentials. They will soon know that nft's is not just a useless jpeg image or a gif file but there's more to it.

Our opinion is more important. We shouldn't judge the project easily just because someone says it is not good. Every people has a different tastes.

[Smartprofit]

Personally, I see the prospect of using NFT in casinos in several ways:

1. NFTs allow for increased bonuses
2. NFT allows you to receive a portion of the casino income.
3. NFT allows you to play games not available to regular users
4. NFT allows you to play a certain number of games for free each week.
5. NFTs must be a strictly defined number, they must be won in the casino and traded on one of the known NFT-platforms

If casino NFTs have a few of these attributes then they will be in demand.

Yes that's right! 

NFT is a non-fungible token.  In other words, it is a unique digital asset that gives a certain set of rights in a certain segment of the virtual world (in particular, in an online casino). 

There are many options for additional player rights that the NFT can certify.  For an online casino, own NFT is a great solution. 

This is due to the fact that online casinos are not part of the real, but of the virtual (digital) world. 

NFT only makes sense in the virtual world.  It certifies "digital" rights.

[Betwrong]

Personally, I see the prospect of using NFT in casinos in several ways:

1. NFTs allow for increased bonuses
2. NFT allows you to receive a portion of the casino income.
3. NFT allows you to play games not available to regular users
4. NFT allows you to play a certain number of games for free each week.
5. NFTs must be a strictly defined number, they must be won in the casino and traded on one of the known NFT-platforms

If casino NFTs have a few of these attributes then they will be in demand.

Good point! What I like about this approach is that it would be not necessary for NFT itself to be valuable, to cost thousands USD in ETH on opensea. I mean, at first, of course, because later, if this gambling site is popular, and everything's working like you described, such an NFT will surely become valuable.

[LUCKMCFLY]

Personally, I see the prospect of using NFT in casinos in several ways:

1. NFTs allow for increased bonuses
2. NFT allows you to receive a portion of the casino income.
3. NFT allows you to play games not available to regular users
4. NFT allows you to play a certain number of games for free each week.
5. NFTs must be a strictly defined number, they must be won in the casino and traded on one of the known NFT-platforms

If casino NFTs have a few of these attributes then they will be in demand.

Well in that sense you are absolutely right, besides the NFT would be something different because in the same way it represents money and would partly help many players not to fall into an addiction problem, that this problem has been growing notably, however from the point of From a technology point of view, I would like to say that everything related to NFTs would be rescued, and many people have a bad perception, especially because of what happened in 2021 with a whole series of crypto game NFTs that robbed many investors.