A way to attract new users or a misunderstanding?

[drwhobox]

I see most people pointing out if Web 3.0 casino that require KYC is a red flag and just a marketing purpose since it's not actually decentralized, does it mean this casino is shady and deserved to get negative tag? I think when the casino has a red flag and didn't remove the words that's controversial, DT members will give negative tag to them. There's many web 3.0 casino didn't get negative tag yet, so?

A casino can ask for KYC if it is needed. All that web 3.0 is an overhyped thing, and yes it is not actually decentralized. If the casino needs to verify its customer and needs to look at the credentials of that customer they ask for KYC. Web 3.0 casino and decentralization is just here for marketing purpose.

[Peanutswar]

Some casinos will do everything just to attract players despite their deceiving advertisements. I've come across a casino claiming to be web 3.0 but to my surprise after wagering and upon withdrawal, they asked me to submit the KYC requirements which made me lose interest in that casino. I guess that's just their marketing strategy since they all know that most players prefer casinos that won't ask for KYC.

First of all, if a casino is web 3, does it means that it will not ask for KYC 
Anyways i do agree that some casino just uses the hype of the latest technologies and try to gain customers which is very wrong in my opinion. Advertising is the right of casinos but false advertising is something that should be avoided. If any casino is found doing false advertisements, they may gain some gamblers for the time being but later the truth will be revealed, and gamblers will never trust that site.

A casino should focus on the true facts and not make false ads only to gain new users. If gambling sites do like that, people will talk bad about those sites and soon no one will play there.

Most likely when we hear web3 casinos, for me it sounds like a new era of gambling, until we start to experience that certain casinos and end up being disappointed. It’s still the same with the usuals casinos asking for KYC, nothing is really new. I guess the term web3 is just put and being associated in the names of the casinos just to attract new users and become tempted to play. Yes, this is more of a false advertisement which I think any casino that is doing that should be given a red flag and negative feedback so they can also learn their lesson.

Currently most of the gambling casino I've seen using their advertisement with the use of bonuses, referrals and free spins for their players and of course one of the greatest feature is with the use of their web3 adaptation which is the use of the wallets as the form of login and make deposit easily but its not saying that KYC is not now needed still the gambling casino asking for the KYC to make sure their customer is legitimate you can create a lot of wallet and use those as a form of login and not as verification else the wallets have their own KYCs and of course the anonymity is now like the secured and sure only few people will not use this wallet. It is just a feature but not part that let user not submit their KYC.

[worldofcoins]

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?.

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

[Moneyprism]

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?.

it seems that this casino platform just wants to attract people to be able to use their platform, even though they don't implement web3 on their platform.. they really use crypto on their platform,, but this is not the intention of WEB3, it is a concept that combines decentralization, blockchain technology, and a token-based economy, and concepts like this would not be possible to implement on a casino platform

[minime0105]

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

I want to say if that is the difference that means it doesn't have anything to do with KYC as it may implies, because i believe that the genesis of this, is really depends on the functional meaningful of web3 and also the meaning of web3.0 . KYC is very important which i know that KYC is, but the problem is that some people doesn't like KYC because of they seem KYC like something take is stressful, at least this your explanation have throw more insight to us.

[worle1bm]

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

When you are playing over crypto casinos you are expecting some sort of privacy and many wants to remain anonymous here gambling with fun but KYC is like revealing their identity ending up their base purpose so this is why it's the most debatable topic but if you are comfortable with it then you can surely go with it and those who are not find it hard.The casino says they have to follow the rules and regulations and prevent fraudulent withdrawal which is why it's mandatory but players want to remain anonymous so this is main conflict.

[Dunamisx]

We just need to accept ba casino the way it is or leave it for another, there's no how they can maneuver their plans to change or present it from being a KYC casino to the one that does not requires it, gamblers need to understand that there are many casinos that can serve them right as long as they desire for new ones, what you don't search is what you can't find, there are non kyc casinos available but any casino that present you not to request for such and being a kyc casino will still do such later when you least expected but by them it will be a disappointments because you wouldn't expect them to do so when you needed them most for your service.

[minime0105]

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

When you are playing over crypto casinos you are expecting some sort of privacy and many wants to remain anonymous here gambling with fun but KYC is like revealing their identity ending up their base purpose so this is why it's the most debatable topic but if you are comfortable with it then you can surely go with it and those who are not find it hard.The casino says they have to follow the rules and regulations and prevent fraudulent withdrawal which is why it's mandatory but players want to remain anonymous so this is main conflict.

You are on point, because we having bet on casino platform it's just because of your choice in that particular casino, and that's why some reputable casino casino will ensure that you have done or partake on the verification documentation in casino, so i believe that in any casino KYC the site is only protecting the interest of the players and the platform also, so that scam will not take the root of their platform, so when a platform gives condition is Left for the players to accept or they forget that particular side.

[FatFork]

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed.

Customers may not want to provide full details of their personal information, or they may feel uncomfortable sharing this information with a business they don't trust or don't know well. This is especially true when it comes to financial transactions, where the consequences of identity theft are much more severe. Additionally, some people may be concerned about their privacy or the security of their personal information or they may also be concerned that the information will be used in ways they don't approve. This is especially true in cases where business doesn't have a good reason for requesting personal information. In these situations, customers may feel that their rights are being violated. And I don't think this trend will change as long as there are bad players in the industry who will take advantage of people's personal information.

[coin.princess]

I think some gambling owners doesn't really understand what it is but I also think it is because it contradicts what they have on their license and which they need to follow, some people wanted to play sports betting with Web 3.0 but the gambling site won't be able to offer it if they won't get a license and in order to get a license they need to follow its restrictions and requirements, which includes KYC.

[Ngemmeng]

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?.

it seems that this casino platform just wants to attract people to be able to use their platform, even though they don't implement web3 on their platform.. they really use crypto on their platform,, but this is not the intention of WEB3, it is a concept that combines decentralization, blockchain technology, and a token-based economy, and concepts like this would not be possible to implement on a casino platform

the fact is that most people still don't really know what is meant by web3. and nowadays many crypto projects claim to have used web3 with the aim of attracting investors' attention. with the notion of web3 as you say that is decentralization, blockchain technology and token-based economy makes it impossible to implement web3 on casino platforms. then what is the reason web3 is impossible to implement on the casino platform?

[pawanjain]

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

That is some good piece of info. I didn't knew both are different things too.
Although I still didn't get the exact difference yet but I can at least dig deeper into it to find out more details.
Also, we know how people use the buzz words like blockchain, metaverse etc... to promote their projects so may be these casinos might be doing the same thing.
We have to do our due diligence to make sure we are not falling for this marketing tactics.

[Peanutswar]

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?.

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

Seems like you don't get worry regarding with your information because it is just okay with you to give your information with ID and can be use as an identity theft in the feature well then its your choice you can not blame them why other people still wanting to don't have with this KYC, simply here is you give your information exchange with the small amount of winning that's all, in web 3 it is just another way of login and convenient to make a deposit and withdrawal but it does not remove the use of the KYC.

[maydna]

I think some gambling owners doesn't really understand what it is but I also think it is because it contradicts what they have on their license and which they need to follow, some people wanted to play sports betting with Web 3.0 but the gambling site won't be able to offer it if they won't get a license and in order to get a license they need to follow its restrictions and requirements, which includes KYC.

The business owner can create a casino using Web 3.0, where gamblers can use their personal wallets to access their gambling accounts so that gamblers do not need to do KYC. This KYC issue is a personal matter. Only gamblers know whether they want to avoid KYC or will want to do it in the future.

And gamblers still play casino gambling usually without thinking about whether one day they will be asked to do KYC by the casino. And if they are asked to do KYC, anyone will want to do it as long as it's a trusted casino.

[rby]

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?.

It is a way to attract users because every project developer knows what they built their project on. Just like many altcoins  developers will tell you that their project is privacy based and decentralized while the project is highly centralized.
Another key thing is that there is difference between web3 and web3.0 as regards acceptance of kyc.
Generally, new technologies are often misinterpreted deliberately to deceive novice.

[paxmao]

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?.

This happens when the when the gamblers do not understand what they really needs or understand the meaning of web 3.0. I have see many crypto projects that are been claiming to be on web 3.0 and help users to stay decentralized. When we don't understand what we want the problem will continue and this had been the market problem of many users and crypto investors including gamblers.

Most gamblers follow what others are doing without doing any research to find the casino they want. That causes many of them to have a bad experience using the wrong casino and only complain. Maybe not many people understand the meaning of web 3.0 or web 3. And this is why there are still misunderstandings among people out there. And we should use the casino that we are used to so that we are fine while playing gambling.

It all depends on what people want to see and understand, there are many and among them they don't know what Web3 is and I know that this is something that can be technical, but when talking about such technical things it's always good to have a section where they explain what that means, for some players who have a lot of experience and who have been playing for many years they know perfectly well what it is and that despite not being programmers or very knowledgeable, but I have seen that here in the forum many things will depend techniques because the players speak with many technical criteria that sometimes I don't understand and that they make me study to learn.

I think most people t this point can tell that there are a lot of buzz words in anything that is innovative or recent. Web 3.0 is kind of a buzzword, an different people may understand different things and some sites will just, as usual, claim to be W 3.0 just to attract more customers. The key is to see what is real and what is in front of you on a site, do not be fooled for claims if there do nothing for you.

[Finestream]

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?.

Probably, it’s one way to make people believed that it’s different from others and to attract more users and let them experience by themselves. Although I would say that the operators have research about web3, but so far I have not experienced this yet, and maybe some operators have wanted to adopt it and are still making some preparations to finally realize it in the future.

[carlfebz2]

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?.

Probably, it’s one way to make people believed that it’s different from others and to attract more users and let them experience by themselves. Although I would say that the operators have research about web3, but so far I have not experienced this yet, and maybe some operators have wanted to adopt it and are still making some preparations to finally realize it in the future.

When we do speak about web 3 casino then it would be particularly meaning into this.

Web3 Casino ecosystem is a fusion of Businesses between Casino, sports betting, NFT and Decentralized crypto wallets or Dapps. Is an idea for a new iteration of the gambling which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

Source

If people do see that its still that still centralized then its really totally opposite on how it should be.

[danadc]

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed.

Customers may not want to provide full details of their personal information, or they may feel uncomfortable sharing this information with a business they don't trust or don't know well. This is especially true when it comes to financial transactions, where the consequences of identity theft are much more severe. Additionally, some people may be concerned about their privacy or the security of their personal information or they may also be concerned that the information will be used in ways they don't approve. This is especially true in cases where business doesn't have a good reason for requesting personal information. In these situations, customers may feel that their rights are being violated. And I don't think this trend will change as long as there are bad players in the industry who will take advantage of people's personal information.

Many people do not want to give their KYC details because they are tired of being controlled. When I started in the crypto world, I did it with a privacy coin project that seemed to have a lot of future, but they spoiled it with many bad ideas and They treated investors badly, it's a project that died for me, which is still out there surviving as in vegetative life, but when a project dies, there is no remedy, and there I learned that players love their privacy, they love anonymity, and If there is a lot of competition in the casinos, why don't they please that public and give them what they want?

[Hamphser]

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed.

Customers may not want to provide full details of their personal information, or they may feel uncomfortable sharing this information with a business they don't trust or don't know well. This is especially true when it comes to financial transactions, where the consequences of identity theft are much more severe. Additionally, some people may be concerned about their privacy or the security of their personal information or they may also be concerned that the information will be used in ways they don't approve. This is especially true in cases where business doesn't have a good reason for requesting personal information. In these situations, customers may feel that their rights are being violated. And I don't think this trend will change as long as there are bad players in the industry who will take advantage of people's personal information.

Many people do not want to give their KYC details because they are tired of being controlled. When I started in the crypto world, I did it with a privacy coin project that seemed to have a lot of future, but they spoiled it with many bad ideas and They treated investors badly, it's a project that died for me, which is still out there surviving as in vegetative life, but when a project dies, there is no remedy, and there I learned that players love their privacy, they love anonymity, and If there is a lot of competition in the casinos, why don't they please that public and give them what they want?

When we do speak about KYC then lots of people or all of people doesnt really like it because of these common reasons;

-They do like on being private or not known
-They dont like that they been monitored
-They dont like for those leaked information
-They dont like for their information to be sold in black market

KYC on this crypto space is highly frowned upon on which  it is really just that much prefer on seeing or dealing up with things which is fully decentralized and KYC-less
but we know that most of todays services are really that bound or subject to regulation or something in correlated.Those platforms who had been using the word web 3 are just deceiving into those
people who do mind off about total decentralization which is something that very bad behavior if you do ask me, if people find out that they are lying then they do know on whats next.