A way to attract new users or a misunderstanding?

[Outhue]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

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[PX-Z]

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

It's just a word of mouth marketing and others just riding the hype, nothing really is decentralized when it comes to website operation. Not unless the website hosting server is fully decentralized too.

Web3 asking KYC? Yeah, how ironic, right? But of course for the sake of hype, let's just let them and give chance on how they can change the traditional online casino. But i still withhold of sites asking KYC first on the registration especially for a new site. Not unless you win huge $xx,xxx amount and that is the time they will ask for verification, fair enough.

**Move this to gambling discussion, to avoid getting trashed and complain later on.

[piebeyb]

I also actually wanted to voice this since last week because I saw a lot of casinos implementing web3 in their casinos and but some of them still ask for an identity on their site

after looking deeper it looks like they added it as an easy step so that people can play casino using web3 without having to create an account using email, just connecting with a wallet but that doesn't mean that as a casino they are decentralized, because that's just to make it easy for users to play, my advice you should look for a decentralized and free casino without KYC also supports web3, that's all

[BitDane]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Don't be confused between Web3 and Web 3.0  they are fundamentally different[1].  As stated by that article, "web3 is blockchain based whereas web 3.0 is semantic web which means it is a common framework that allows user to reuse and share data across different enterprises, applications, and communities."

In addition, blockchain based doesn't necessary need to be decentralized.  There are centralized blockchain so it wouldn't be a surprised if some Gambling Casino platform that claim to be web3 integrated asks for KYC.





[1] https://productcoalition.com/web3-versus-web-3-0-the-basic-concepts-and-differences-e25f7f05ca33

[dimonstration]

They are indeed using the technology of Web3 but with a touch of centralization due to the AML policy for there license. You can only experience a full Web3 experience on casino that doesn’t have a license which is ironic that people preferred casino with license yet they want full privacy with there game. Web3 casino allows user to connect there web3 wallet on the website without the need on registering an account through email. They have also some house games that runs through the blockchain which they are using to categorized them as web3 already.

There’s expect a fully decentralized casino that has license to operate at the same time because AML policy is always attached on the license. This important details should be always remember.

[Daltonik]

Well, why not use such popular trends as web3.0 to promote the project, because this only implies the creation of a web content based on blockchain technology, but the tokens used can also imply user identification. And if web3.0 uses an online casino and it is licensed, then they are obliged to comply with the requirements of regulators and then all decentralization ends.

[ethereumhunter]

Casino owners still have the right to ask for KYC because regulators also supervise them, so they also need to supervise their users. We may think that web 3.0 doesn't require KYC but we also can't do anything about it if the casinos keep asking us to do KYC.

And if you don't want to do KYC, you can look for other casinos that don't implement KYC. Maybe it's a misunderstanding of people in interpreting web 3.0 or is it to attract more users and say that their casino is a decentralized casino or is it just a new trend in the gambling business.

[ultrloa]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Its not actually misunderstand since there are casinos that can adopt to the new changes or trends on the industry but there are other casino who take advantage on the trend and claim about that just for marketing purposes. Maybe its better for people to research first the pros and cons before they get hype for the word because this word is use for scamming because many newbie think that there are great things coming on Web 3.0.

[danherbias07]

Attract people, marketing strategy, or whatever they call it, they will need it to increase the number of gamblers playing in their application even if it means lying initially. Then, just throw them the TOS or Money Laundering Act when they start asking questions.
With the large competition in gambling sites, that is the hardest part of all, to have loyal players that will not just jump from one site to another.
It's not far from those who are using click baits to receive more traffic.

[Yogee]

It looks like the marketing that web 3 as the future of decentralization or decentralized web has been effective since we see a lot of users confused. I say it's kind of both hehe. They sell you the good part that you can gamble directly from your own wallet and tell you about the KYC for withdrawal later.

[swogerino]

Web 3 is all over us in the tech discussion everywhere so most likely the companies or casinos in this case that advertise it as a true decentralization system should definitely not ask for KYC,so I believe more to be a marketing term to attract new users.That is more emphasized now in newly created casinos as there are a lot of reputable casinos with huge user base so for this new ones they need to create something to attract people and what better word than Web 3.0 casino and things alike.

[seoincorporation]

Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.

So, we can call it high-quality bait to attract new users.

[Solosanz]

Actually casino with web 3.0 integration is centralized, it's true you don't need to create account to gamble on their site, but they have terms of service where they said they will record your IP address and will ask your KYC when you did suspicious. Actually the real decentralized system wouldn't ever ask you to provide KYC regardless the reason is, if the casino think there's a cheater, they must confiscated their funds and terminated their accounts.

[dothebeats]

Web3 offerings from casinos is just another buzzword that they use to potentially invite in a lot of new players in their site. There isn't really any platform nowadays that aren't requiring new signups to not submit KYC because it will always be a requirement by the government. If they do not comply to this said requirement, they will have no other option but to shutdown or be prosecuted.

Perhaps if the casino operators know how to hide from the law enforcement then web3 casino may be a possibility. But if not, well, you know what happens.

[coinerer]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC

If a platform behaves like this and if they promote themselves as web three by being a centralized casino platform then this is a marketing ploy of theirs.  And this is completely illegal marketing technique which is considered as spam.  So if a platform behaves like this it would be wise to stay away from that platform and research a casino site thoroughly before gambling.

[Mr. Magkaisa]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Let's make something complicated first so we can understand it simply with a google search. It is very simple to say that the
"Web3 is decentralized and Web3.0 is semantic or linked".
source: https://www.nexxworks.com/blog/web3-and-web-3-0-are-not-the-same-thing-heres-why

And from what I see in the future, it will bring something good, I'm sure because of the updates and innovations that they are currently doing.

[Coinbox1]

Web3 offerings from casinos is just another buzzword that they use to potentially invite in a lot of new players in their site. There isn't really any platform nowadays that aren't requiring new signups to not submit KYC because it will always be a requirement by the government. If they do not comply to this said requirement, they will have no other option but to shutdown or be prosecuted.

Perhaps if the casino operators know how to hide from the law enforcement then web3 casino may be a possibility. But if not, well, you know what happens.

Hello there!

TrustDice team here. We'd love to say non-KYC-upon-registration casinos do exist, and we are proud to be one! Our crypto philosophy is deeply rooted in blockchain, so we absolutely understand crypto users' concerns over privacy since we, too, are crypto users.

In the meanwhile, we do agree that "web 3 casino" is merely a buzzword that misleads abuser about the true technological foundations of the casino, which is sadly always a centralized operation (due to the present limitations of blockchain technologies at large). That's why we don't use such terms in any of our branding and marketing endeavors.

[Dunamisx]

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

I've also come across some crypto industries like exchanges that place demands on they are not, you cannot expect an exchange to claim being decentralized to you when they have someone who is the founder known by the world, what I will always advise is to first test them and if they are not what you think then you back off their relationship and choose another casino or gambling company.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

You know what? anything that has the introduction of token into it's system is a clear explanation to be centralized, also the whole web.3 of a thing has not been a public success to the extent that you believe everything any gambling company say about their reputation with regards to web.3 personally engage your own research.

[nakamura12]

It's just a scheme to attract people to gamble on their casino even if what they use is decentralized but it won't be a complete decentralized casino since they will ask for KYC when you withdraw. It is because the casino have license which will only make the decentralized part as a centralized of some sort due to KYC requirements. Just read what dothebeats explained and that will make sense as to why.

[Fivestar4everMVP]

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Well, in business, any thing to bring in or win more customers over to the company is always a go and it's welcomed.
I am not surprised though, things like this are not new, casinos can claim to be what they aren't just for the sole purpose of attracting customers, and I do not blame them, this is an industry where everyone is trying to stay anonymous but still want to get involved in businesses that does not require customers to be anonymous due to some reasons best known to them.
And to keep the business going, they have to make the customer feel that they(the business) is actually what they(the customers) want, so if it takes the casino claiming to be a web 3.0 casinos where as they aren't, it is still a business strategy.