A way to attract new users or a misunderstanding?

[febriyana]

Web 3.0 until now still i don't know what is that.
The main point in Web 3.0 is decentralization. So if casino doing KYC, that is like wrong idea. Casino will know our identity.
But on other perspective, i think really hard to make casino without doing KYC.
People will be easy come to gamble and go out... casino don't have any database customer to make them come again.

[1715323961]

1715323961

[Haunebu]

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

[traderethereum]

Web 3.0 until now still i don't know what is that.
The main point in Web 3.0 is decentralization. So if casino doing KYC, that is like wrong idea. Casino will know our identity.
But on other perspective, i think really hard to make casino without doing KYC.
People will be easy come to gamble and go out... casino don't have any database customer to make them come again.

You don't need to think more about Web 3.0 and it's better to play gambling as usual.
Even though Web 3.0 will be decentralized, if the government wants to put pressure on the casinos, maybe they will still require KYC for their members because we know how much influence and power the government has in this matter.
With the demand for KYC from several casinos, we might experience it too in the future especially if KYC is implemented for all casinos.
But if casinos can really run their business without asking for KYC, it will be a real boon for their members.

[worle1bm]

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

That's the main concern for many gamblers but at this time many legit casinos have implemented KYC norms for the players and if we have to continue our gambling journey with them we must have to go through providing details but for small gamblers like us it's not too much complex.And yes promotions are the way of keeping up players interest in the casino and making profits as house have edge always.

[Fivestar4everMVP]

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

The unfortunate thing still remains that several casinos claiming to the web 3.0 based are nothing but blatant lies, but on the other hand, if you find a casino that is indeed web 3.0 based, that would be extremely wonderful since web 3.0 based platforms doesn't require signing up or registration as well as asking or requesting customers to verify their account.
Web 3.0 casino games are hosted on the blockchain which also means, or should mean that even the casino owners don't have control over the games anymore.

But my question now about web 3.0 based casinos is that, since games are hosted on the blockchain and gamblers only need to connect their wallet and start playing, how does the gamblers get paid if they win.?

[DoublerHunter]

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

That's the main concern for many gamblers but at this time many legit casinos have implemented KYC norms for the players and if we have to continue our gambling journey with them we must have to go through providing details but for small gamblers like us it's not too much complex.And yes promotions are the way of keeping up players interest in the casino and making profits as house have edge always.

^ Because as of now, regulated and KYCed gambling casino is their road to be successful casinos.
It is a part of their growing up to be regulated even if probably they know that this will hurt their users who did not want to pass KYC.
Promotions and good service are the best assets in a gambling casino, once you have these, it is impossible if you cannot attract users and stay in your gambling casino plus another factor would be a reputable one.

[safari88]

Casinos are more likely to tell simple white lies. I'm not looking at that myself. They can always say that things have been misinterpreted by the user or they can end up referring to the terms and conditions, which are basically binding as long as it doesn't conflict with the laws where the casino is located. And platforms and programs are always updated once in a while, I wouldn't stick too much to that.

[Aanuoluwatofunmi]

Casinos are more likely to tell simple white lies. I'm not looking at that myself. They can always say that things have been misinterpreted by the user or they can end up referring to the terms and conditions, which are basically binding as long as it doesn't conflict with the laws where the casino is located. And platforms and programs are always updated once in a while, I wouldn't stick too much to that.

Definitely some casinos where known for this kind of claims, but what they fail to realize is that lying will only reduce their level of trust they have with gamblers because everyone want to be treated as it is, there have been several cases of having issues related to KYC which used to turn a thing of surprised to most gamblers that why should that come in when they needed the most a time to perform a specific function on a casino, kyc could be as frustrating as something else whenever it is been required by a casino for user to be verified.

[BitDane]

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

The unfortunate thing still remains that several casinos claiming to the web 3.0 based are nothing but blatant lies, but on the other hand, if you find a casino that is indeed web 3.0 based, that would be extremely wonderful since web 3.0 based platforms doesn't require signing up or registration as well as asking or requesting customers to verify their account.
Web 3.0 casino games are hosted on the blockchain which also means, or should mean that even the casino owners don't have control over the games anymore.

It isn't web 3.0 (wiki just make it a confusion since they also label web3 as web 3.0 when it is clear that these two entity is different), it is web3, there had been lots of explanation on this thread that differentiate web 3.0 from web3.  It is the web3 that runs in blockchain while web 3.0 can run anywhere. 

Terminology
Web3 is distinct from Tim Berners-Lee's 1999 concept for a semantic web.[18] In 2006, Berners-Lee described the semantic web as a component of Web 3.0, which is different from the meaning of Web3 in blockchain contexts.[19]

The term "Web3" was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014, referring to a "decentralized online ecosystem based on blockchain."[1] In 2021, the idea of Web3 gained popularity.[20] Particular interest spiked toward the end of 2021, largely due to interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.[5][6] Executives from venture capital firm Andreessen Horowitz traveled to Washington, D.C., in October 2021 to lobby for the idea as a potential solution to questions about regulation of the web, with which policymakers have been grappling.[21]

But my question now about web 3.0 based casinos is that, since games are hosted on the blockchain and gamblers only need to connect their wallet and start playing, how does the gamblers get paid if they win.?

Web3 has dapps. so possibly the bet, winnings and paying is processed there.  While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.

[goinmerry]

I think something related to Web 3.0 can't even attract new users on a gambling platform. It's just technology.

Gamblers are gamblers and they only care about winning and for that to happen, they will only choose a big casino that already established a reputation.

For new users or gamblers to be attracted, unique promotions and bonuses are the keys, not these web 3.0-related stuff.

[noorman0]

I personally don't care about the new terms web3 or web30 that casinos are bringing which at their core are only oriented towards improving the user experience in terms of managing funds and (mostly) issuing new utility tokens. In fact crypto-based casinos existed before this term and they also offer basically the same quality of service, working with the same gaming software providers.

[Silberman]

I personally don't care about the new terms web3 or web30 that casinos are bringing which at their core are only oriented towards improving the user experience in terms of managing funds and (mostly) issuing new utility tokens. In fact crypto-based casinos existed before this term and they also offer basically the same quality of service, working with the same gaming software providers.

To me it matters because if a product or service is supposedly offering something and then they do not fulfill their promise then we are talking about false advertising at best and a willing attempt to deceive their customers at worst, and none of those two options are good if you ask me and it will make me to rethink about the possibility of ever gambling at that casino again, as who in his right mind is going to deposit their money in a casino which is lying so blatantly?

[Haunebu]

Web3 has dapps. so possibly the bet, winnings and paying is processed there.  While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.

Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.

Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.

Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.

[ethereumhunter]

I personally don't care about the new terms web3 or web30 that casinos are bringing which at their core are only oriented towards improving the user experience in terms of managing funds and (mostly) issuing new utility tokens. In fact crypto-based casinos existed before this term and they also offer basically the same quality of service, working with the same gaming software providers.

And we can also still use the casinos we are used to and have no problems. Meanwhile, the web 3 offered by the casino is still under development and it is possible that in the near future, we will see something different from what it is now. As long as we can still use a normal casino, we don't need to get involved in using a web-based casino 3 unless we are curious about what it looks like and what the experience is like. And there must be people who are curious to try it so they can have a new experience.

[nasipadang]

Web3 has dapps. so possibly the bet, winnings and paying is processed there.  While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.

Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.

Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.

Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.

This is right. As a player I actually don't care about whether it is web 3.0 or not what I am looking is the promotion, benefits, bonuses and securtiy of the website I am playing with. Most of them do ask kyc as it is what it is and you wont be depositing if you dont know that.

Some people think just because it is a Web 3.0 doesn't mean that they would not ask the players to undergo KYC.

[boyptc]

Web3 has dapps. so possibly the bet, winnings and paying is processed there.  While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.

Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.

Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.

Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.

That's some addition info and knowledge for me as well, I thought that they're just the same.

These days, most gamblers are leaning to the trust on these casinos. It doesn't matter anymore if they will require kyc or not, at least this is for the majority that I've seen.

And it will mostly be ignored as you've said, if there are incentives which is usually happening through promos and some giveaways that would increase the number of their users.

[Blawpaw]

Web3 should be decentralized, but as long as Web3 projects are using the ethereum network or any other centralized network, they will be centralized. So, basically, yes you have some missunderstanding of what web3 actually is. So, they either develop their own decentralized network or develop their projects on a decentralized network or they risk becoming totally dependant on a centralized network.

[CryptoYar]

Web3 should be decentralized, but as long as Web3 projects are using the ethereum network or any other centralized network, they will be centralized. So, basically, yes you have some missunderstanding of what web3 actually is. So, they either develop their own decentralized network or develop their projects on a decentralized network or they risk becoming totally dependant on a centralized network.

The fundamentals of Web3 are decentralization and blockchain.

Developer use blockchain for their projects but fails in decentralization. However, if they do make it, I doubt we'll be able to use it. As web3 wallets can ban us.

As the oldest web3 wallet (metamask) did to the Iranian people. Metamask BANNING every wallet associated with an Iranian IP address.

[Hispo]

... they risk becoming totally dependant on a centralized network.

It is not about the network itself, I think.
I believe it is about the risk/benefit ratio the casinos see in the Web 3.0 market versus operating as a classic centralized casino. I imagine it must be easier for those looking to create a profitable casino just to go for a centralized approach, getting registered under some jurisdiction (like Curasao) and slowly build their client base by paid advertisement and promotions.

For now the major benefit of web 3.0 as marketing vehicle is the attention this concept is receiving from decentralization maximalists, but that alone does not guarantee and good experience.

[noormcs5]

I think something related to Web 3.0 can't even attract new users on a gambling platform. It's just technology.

Gamblers are gamblers and they only care about winning and for that to happen, they will only choose a big casino that already established a reputation.

For new users or gamblers to be attracted, unique promotions and bonuses are the keys, not these web 3.0-related stuff.

Innovation is something that is always liked by the humans. If the new casino are adopting Web3 technology in a real sense, then the old ones need to transform them otherwise they will be left behind and eventually will be outdated and this means out of business.

Web3 should be decentralized, but as long as Web3 projects are using the ethereum network or any other centralized network, they will be centralized. So, basically, yes you have some missunderstanding of what web3 actually is. So, they either develop their own decentralized network or develop their projects on a decentralized network or they risk becoming totally dependant on a centralized network.

I don't think we have a web3 based casino that is 100% decentralized. However, there may be many casinos that may use the name of "Web 3" only to promote the casino as these days the hype of Web3 is on the rise. If the casino is web3, well & good but don't falsely claim the casino to be Web 3 compatible.