NFT slot Machine !!

[fiulpro]

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

[OgNasty]

That is an interesting concept. I haven’t heard of this specific utility for an NFT before, but it seems great. I could see these being popular among members and casinos looking to reward their users with something special. Nice find. I can’t say I’ll be participating but it’s always nice to learn of a new use case.

[seoincorporation]

I really like the concept, the fact that users can win NFTs on a slot machine is new for me, and for sure some of those NFTs have a nice value on the market.

The fact that we have to sell that NFT to make a profit from our bet makes me think how users will gamble more for the collectible than for money.

[michellee]

If so, there is a possibility that it will become a new trend in the gambling business to attract more gambling users. However, if the casino does not yet have a place to trade the NFT, I think the interest of gamblers to own the NFT will not be too great because they can only keep the NFT without being able to sell it for other profits. But I'm sure the casino can accommodate that and help gamblers who already have the NFT so that they can also get other benefits apart from gambling.

[P2PECS]

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 !

This sounds a lot like a faucet but for NFTs. I don't find this very exciting. There was a bubble of NFTs that started to burst a few months ago, and realistically, 99% are going to have a value of 0 or very close to 0 in the next few years. Of course you can like win the lottery with NFTs, also by playing for free with slot machines, but it is practically impossible.

[ralle14]

It's not surprising to see slots handing out NFTs since I remember it was already done by another provider but they're using a well-known NFT as one of the many potential payouts from the game.

The benefits coming from their own NFT collection really made it more interesting, One thing I don't like is the airdrop of NFTs as that might easily kill the value of the other NFT due to the increasing monthly supply but the rest sounds great and promising though.

[Davidvictorson]

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.

This is quite innovative. NFT lovers can now take this to the metaverse. I look forward to seeing more NFT slot machines and casinos enter the metaverse.

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

Why the restriction for US residents. The last time I checked, online gambling is legal in some US states - Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia.

https://www.baltictimes.com/usa_online_gambling_laws___legal_states_in_usa_2022/

[davis196]

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 !

Free slots for the holders? What holders? Is the project owner seeking for investors? Those investors better be careful.
Anyway, the NFT industry is slowly dying and all the hype surrounding NFTs is going away. Most NFTs, which costed several hundreds or even several thousand dollars are going to cost 10-20 dollars in the near future. The market liquidity on the NFT markets is decreasing and selling your NFTs will get harder as time goes by. Good luck winning some nice NFTs and trying to sell them for actual cryptocurrencies.
I don't mind wasting my time playing on this NFT slots game(if there was a free option), but wouldn't bet any money on it. It's not worth it.

[Wexnident]

It's interesting enough but is the NFT included in any say, idk, usable towards something e.g. a community or metaverse of sorts for that specific casino? Or is it just something like say, a collectible of sorts? Either way, it's an interesting way to use or adopt NFTs for gambling (or slot machines specifically). But that's about it, it's only interesting, not something that would actually attract customers/users in the long term, especially if said NFT doesn't exactly do anything or can be used for anything other than being a collectible.

[Coin_trader]

This is not a fresh idea since it's gambling on metaverse but finally someone already manage to have working Casino inside the decentraland metaverse. Decentraland is so slow to load if the desktop is not equipped with good GPU and CPU. I managed to explore the casino and it has 10 free spin per day if you have time to visit it. The article of the OP didn't contain the official website and other details about the game so check below the details if you are interested.

Website: https://luckydegens.com/
Lucky Degen embassy Coordinates: (-57,-104) or simply access it using this link https://play.decentraland.org/?position=-57%2C-105

[Maus0728]

It's interesting enough but is the NFT included in any say, idk, usable towards something e.g. a community or metaverse of sorts for that specific casino?

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/

[xSkylarx]

This is a great concept that opens many ideas to gambling industry. Maybe soon more online gambling casino will do this to attract more customers on their platform. If the nft prize will have a utility then more gamblers will bet on it. Even I won't hesitate to gamble some money to get that as long as its perks is good. This also introduces what really is NFT, not just some jpegs that anyone can put on their social media accounts.

[Wind_FURY]

I really like the concept, the fact that users can win NFTs on a slot machine is new for me, and for sure some of those NFTs have a nice value on the market.

The fact that we have to sell that NFT to make a profit from our bet makes me think how users will gamble more for the collectible than for money.

I like the concept too. I also admitted my mistake in saying that NFTs are Tulip Mania 2.0.

https://bitcointalk.org/index.php?topic=5377417.msg59219783#msg59219783

Although, there will be some people in the forum who wouldn't like it because their belief remains, "NFTs have no value". I have debated against it, and asked who are we, as plebs, to say what has, or has no value? It's the market that decides "value", including shitcoins.

https://bitcointalk.org/index.php?topic=5377417.msg59247492#msg59247492

Plus the concept of "NFTs" was already mentioned by Hal Finney. I believe Bitcoin as a protocol has missed the ride in this development.

[swogerino]

The concept is new and from what I see is targeting a bigger user base because NFT-s can be sold and people have already paid nice amounts of money for a single NFT so far.That is I think the main selling point of this new concept.Personally I am extremely conservator when it comes to gambling so I like much more the traditional slots without added bonuses like the NFT-s but that is just me.I think most people will really like the concept and this will just boom even more with the passing of time.

[Wind_FURY]

The concept is new and from what I see is targeting a bigger user base because NFT-s can be sold and people have already paid nice amounts of money for a single NFT so far. That is I think the main selling point of this new concept. Personally I am extremely conservator when it comes to gambling so I like much more the traditional slots without added bonuses like the NFT-s but that is just me.I think most people will really like the concept and this will just boom even more with the passing of time.

Although the market and making profit from the original investment is a part of HODLing NFTs, I believe the creators of NFTs should also make them more dynamic, if possible, and therefore making them more "valuable" depending on how long it has stayed in a user's wallet.

To illustrate, let me give you a shower thought. What if a "common NFT", but a dynamic one, would increase its probability of "generating" a rare trait if it stored in a special wallet, giving the holder an opportunity to increase his NFTs value?

[Uang_kartal]

maybe it won't be too long to wait for its launch this month, Nft which incidentally is for interesting and valuable artworks and collections in the market.
but this system is different in wrapping with collaboration outside the nature of nft. maybe it can be like staking and other definitions to get prizes and bets every day. Day by day the world of crypto is evolving so that the NFT doesn't want to just watch the development. I salute and I believe this is good.
crypto users will be curious and I'm sure they will try something unique. and we'll see what happens. so sensational if this can go well.

[madnessteat]

For there to be a demand for NFTs and their price to rise, they need to have utility in the ecosystem. If they are collectible NFTs that don't give their holders any privileges compared to other casino users, then there's no point in getting them.

There are already casinos on Solana - Dice Casino (https://magiceden.io/marketplace/dice_casino) that offer their NFT holders a portion of casino revenue. As you can see their value is holding up, but not growing. So it all depends on the generosity of the developers.

[Betwrong]

~ 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.
~

Not all NFTs are valuable. In fact, most of them are not. And imo there's a high probability of Lucky Degens being in that zero value pool. I would definitely play in a casino where you a have a chance of winning an NFT from Bored Ape Yacht Club, CryptoPunks or, now trending, goblintown.wtf, but having my RTP lowering for a chance of winning something of zero value, or even with the same RTP but in a shady casino ... I don't want that.

[dothebeats]

I don't quite understand why a lot of people want to get NFTs integrated within their platforms. If there isn't any utility to their NFTs, not a lot of people will even bother wanting those NFTs. If these things can be converted into something that can be used on the casino, perhaps gamblers will be proud to have that item on them just to trade for perks and whatnot.

Overall I don't think that these NFT integration will make a big difference on casinos and the overall gambling experience but that's just me.

[yazher]

I'm actually playing a game the like of it and in the game, I'm just a free player and I'm having the worst experience when playing their gotcha or slot machine doesn't give anything valuable except I pour cash into the game.  I understand this is something new in this industry where you can actually own some rare NFT when you hit the jackpot. I just hope they consider more to give more rewards than the game I'm playing right now cause when the players realized they are just wasting some money, they will quit.