What is a web3 casino for you?

[Synchronice]

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Web3.0 is just another hype word. It is not really going to change anything because I think it is not going to deliver its promise which is building a decentralized internet.  If they somehow manage to bring it to life, maybe we will see casinos that operate on decentralized hosting & domains but it sounds a bit too unrealistic to me. First of all, a hosting firm needs a very good broad internet line, how are they gonna get it without collaborating with the government?

I dunno... web3.0 sounds like a scam to me at this point.

There are a few casinos that call themselves Web3.0, for example Moonbet.io and alpha.casino. And from my understanding, they think that since they support metamask, it's already a web3.0 casino. But the problem is that Metamask Wallet doesn't support Bitcoin from Bitcoin blockchain, you can only store wrapped bitcoin or other ERC-20 tokens.
MetaMask Scandal: The Crypto Wallet Cut Off Access To Venezuelan Users. - But is this Metamask actually decentralized? If they can suspend their service in my country or exclusively for me or block me, then what's the point?

[DoublerHunter]

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what are all the features an online casino should have to be considered as a web3.0 casino?

A web3 casino should be fully decentralized which is the ultimate feature of a Web 3 casino since all payments are settled within the blockchain and players need to connect their wallet to the casino before the play, it makes sense in the form of the true spirit of decentralization, but that has not been the case with all the so-called web 3 casino we have around because the claim to be web 3 by name but remains centralized in operations.
So to most of us, the recent Web 3 campaign is just hype that will fade away with time if any true development is not done.

^ Web 3 casino websites not only focus on decentralization. In fact, there are four major concepts before we can call a casino it is a web 3 features such as using Smart contracts, a provably fair system, accepting a variety of coins or having its own token, and last but not the least interoperability. This is should be interoperable with other decentralized applications (dApps) and blockchain platforms, allowing for seamless integration and compatibility with the wider blockchain ecosystem.

[goldkingcoiner]

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

I would have to agree with you on that part. Obviously, there are no "real" decentralized gambling casinos which could be considered true web3 casinos right now (or at least none that I happen to know of). Most casinos who claim to be web3 are just saying that for the purpose of marketing. They want to make it seem like they are something they are not, in order to gain a step ahead of the "regular casino" competition.

As long as they have a say of what happens to your funds or as long as there is any kind of centralized authority system which has any kind of control over the gamblers accounts and/or their funds, they should not be calling themselves "decentralized".

[noormcs5]

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Unfortunately, there are many casinos that claim to be Web 3.0 but in reality, they are fooling the gamblers and are not the Web 3 ones.

A real Web 3.0 gambling casino will not have the Username / Password feature to access the gambling site. You will connect your wallet such as a meta mask with the casino and then gamble on the site. This makes the gambling site decentralized. Another way to identify a Web 3 casino is that you never need to deposit the funds in the casino as the funds remain in your own wallet while you gamble on that casino. If you deposit money on any site, it is not as per the standards of Web 3.0

[Wexnident]

I'm still going to claim that "web3" is just a word companies are using to make their site seem like it's "in the times". Not that im denying web3 exists, I guess we just don't have a solid reference for one yet, so most people, probably including me as well, can't really judge as to whether a site is web3 or not so I just judge them all as not being one. It also doesnt help how most casinos that claim their using web3 doesn't really look or feel any different from what regular websites use.

I'm guessing a big site needs to show what web3 is all about before we're even able to realize what it really is imo.

[ethereumhunter]

We should be very vigilant and careful to read the casino terms and conditions and also make sure that we know how the casino is working before we deposit money. If a casino can write it boldly on their site that they are not requesting for KYC, but KYC is compulsory according to their terms and conditions, we need to be very careful and know about a casino very well. It is even possible now that a centralized casino can come up and tell people that they are web3 but not web3.

Any casino that do not allow his users to connect to personal wallet are not web3. But many casinos nowadays are not web3 but centralized, yet what people are looking for.

Most casinos write down the rules on their ToS page, but there may be some things they don't include, such as the minimum amount we can use or withdraw not to do KYC. We have to look for this through the support service because usually, the support service will tell us about it. And maybe there is much more that we should know before deciding to join the casino. So regardless of the form of the casino, whether it's really web3 or not web3, the rules will look the same and we have to be active to find out the other rules. People tend to choose casinos that are not web3 because they can contact the support service if there is a problem or they can visit the ANN thread of the casino to ask for answers.

What you say is all true, friend, and I agree with that statement.
What is really regrettable is the loss of decentralization within a casino and it seems that most casinos are like that.
After all, almost all casinos that exist always follow the rules that have been given by the government to continue to operate without having to have friction with the authorized government.

Web3-based casinos are the easiest casinos to use because some of their features are different from the usual casinos, but we as gamblers must always be careful and do research if you want to use web3-based casinos because there are several cases where casinos that say they are web3 based but reality is much different.

Indeed, web3-based casinos are easy to use because we don't need to register as usual. But that's precisely why we must be more careful not to connect our personal wallet to the casino carelessly and ensure that the personal wallet we use is specifically for playing gambling.

I don't think too much about the issue of decentralization or centralization because I see the government's involvement is getting deeper so I see it as the same thing. Whatever the type of casino, it will not escape government supervision so the government can ask for verification from the casino and all of its members.

[BenCodie]

web3 casinos are not necessarily decentralized. For a casino to be decentralized it would need to:
- Have an open source front-end that can interact with the smart contract and can be deployed by anyone (that way if the main interface goes down, anyone can make a mirror with ease)
- Would not store or require login information in order to interact with it (connect your web3 wallet to use)
- Have a smart contract that is the backbone of its payment processing and possibly also its game operation.

Most casinos promoting that they are "web3" casinos only offer the ability to connect a wallet, some use smart contracts for payment processing. Most are not using smart contracts for game operation and are not usually open source in a way where anyone can fork the front-end and connect it to the smart contract.

[rhomelmabini]

For me as long as it involve crypto and the rest of the technology that involves around it, I can call that as a web3 casino. Decentralization isn't likely to be achieved on a casino, the only closest one is Bitcoin but I can't tell if it can still be called like that.

You have a wrong understanding, most of crypto are centralized and any casino that ask you to submit KYC is centralized which mean those two reasons already ruin WEB 3.0 definition. Gambling using Bitcoin isn't decentralized too because you need to send your coins to the casino and the casino have access to your coins.

Until now there's no real WEB 3.0 casino, most of them are less decentralized casino.

I have my own view on how web3 is being termed so you clearly have misunderstood it as well. You probably have not read that "Decentralization isn't likely to be achieved on a casino" statement of mine. Web3 is just a term and real soon even casinos would just jump to web4 or something, those are just to hype the crowd. So, for me, it doesn't matter.

[Outhue]

Web3 casinos operate on web3 technology in a way that punters connect their noncustodial wallet to a gambling site in a way that payments are settled on blockchain, unlike the deposit and withdraw on centralized casinos.

It's the same way as connecting your wallet to a platform and all your funds are been wiped off, what is decentralization in this? Any platform can do this today if the dev decides to do it this way, this is not any decentralization, imagine saying that Bitcoin is not decentralized because there is no way to connect your Bitcoin wallet to the Bitcoin website.

Connecting your wallet for swap or trade on any platform is not a form of decentralization, let's stop deceiving ourselves, you can run a code and make this running in minutes.

[EarnOnVictor]

Web3 is the supposed next-generation technology of the World Wide Web, it's now much anticipated but the project might not have begun yet. It's still a work in progress and needs to be patiently waited before any ascertained conclusions should be made about it. My studies indicate some conflicting ideas about the initiative from experts and how a fake decentralization could be promised through it.

Gambling or no gambling, it promises to help in more privacy but I believe time will tell about it rather than believing something in anticipation.

[FatFork]

I agree, the main feature of a WEB3 casino is that it allows gamblers to connect their noncustodial wallets to a gambling site in a way that payments are settled on the blockchain. However, the government's intervention and regulations on the online casino industry make it difficult for a truly decentralized web3 casino to exist. Currently, it is more like a buzzword, which casino operators use as a marketing tool to hook new players and stay ahead of the competition.

However, it is not impossible to create a fully decentralized casino. There are several platforms in development right now, if I'm not mistaken, which will allow users to play games on the blockchain without any third-party interference. But, these platforms are still in their infancy and have a long way to go before they can be used by the general public.

[_act_]

For me as long as it involve crypto and the rest of the technology that involves around it, I can call that as a web3 casino. Decentralization isn't likely to be achieved on a casino, the only closest one is Bitcoin but I can't tell if it can still be called like that.

You are not getting it right at all, but I understand what you are talking about too, because the so called web3 is not actually decentralized as it ought to be decentralized and also how it can become very centralized in the future. You are right about that, but you should not consider all gambling sites that involves crypto to be called web3 because some casinos are very centralized in a way that gamblers need to deposit into their casino addresses where the casinos have control over the coins, unlike web3 casinos.

[tusandii]

What you say is all true, friend, and I agree with that statement.
What is really regrettable is the loss of decentralization within a casino and it seems that most casinos are like that.
After all, almost all casinos that exist always follow the rules that have been given by the government to continue to operate without having to have friction with the authorized government.

Web3-based casinos are the easiest casinos to use because some of their features are different from the usual casinos, but we as gamblers must always be careful and do research if you want to use web3-based casinos because there are several cases where casinos that say they are web3 based but reality is much different.

Indeed, web3-based casinos are easy to use because we don't need to register as usual. But that's precisely why we must be more careful not to connect our personal wallet to the casino carelessly and ensure that the personal wallet we use is specifically for playing gambling.

I don't think too much about the issue of decentralization or centralization because I see the government's involvement is getting deeper so I see it as the same thing. Whatever the type of casino, it will not escape government supervision so the government can ask for verification from the casino and all of its members.

We must always be careful in using the web3 casino and don't let any negligence that could harm us in the future. For wallets that will be used to connect to the casino, we can use a secondary wallet to better protect what we have in our original wallet. .
Creating a secondary wallet is very easy, so we don't need to worry, friend.

Yes, that is what is happening now that the government is getting deeper into the gambling industry so that it will eliminate more of the original characteristics of crypto casinos in today's era.
It's really a pity if all forms of cryptocurrency bases are always under excessive supervision by the government.

[SirJohnVonSlotty]

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Yeah, my guys wanted to use the Web3.0 keyword as well, it's a trendy little thing, but we voted against it in the end since Coinslotty is not a Web3.0 project.

In my eyes, if it's built on the blockchain, it's a Web3.0 project. Having just a crypto payment processor is not enough to justify that word and use it in your marketing campaigns.

[Crypt0Gore]

Any casino that claimed to be decentralized are running the business at its own risk, no casino should claim to be decentralized unless they are operating off the radar or in a country where decentralization is all that matters to them, FED forbid running an unregistered casino and the penalty is very severe.

The web3 name is just an attracting strategy, I have not seen any one casino that's truly decentralized or fully functioning on the web3, many new casinos are looking for a more effective way to attract many gamblers and they have to use what is presently trending in the world today, which is web3, metaverse and gaming and AI.

Any casino owner will proudly do the same today.

[ethereumhunter]

What you say is all true, friend, and I agree with that statement.
What is really regrettable is the loss of decentralization within a casino and it seems that most casinos are like that.
After all, almost all casinos that exist always follow the rules that have been given by the government to continue to operate without having to have friction with the authorized government.

Web3-based casinos are the easiest casinos to use because some of their features are different from the usual casinos, but we as gamblers must always be careful and do research if you want to use web3-based casinos because there are several cases where casinos that say they are web3 based but reality is much different.

Indeed, web3-based casinos are easy to use because we don't need to register as usual. But that's precisely why we must be more careful not to connect our personal wallet to the casino carelessly and ensure that the personal wallet we use is specifically for playing gambling.

I don't think too much about the issue of decentralization or centralization because I see the government's involvement is getting deeper so I see it as the same thing. Whatever the type of casino, it will not escape government supervision so the government can ask for verification from the casino and all of its members.

We must always be careful in using the web3 casino and don't let any negligence that could harm us in the future. For wallets that will be used to connect to the casino, we can use a secondary wallet to better protect what we have in our original wallet. .
Creating a secondary wallet is very easy, so we don't need to worry, friend.

Yes, that is what is happening now that the government is getting deeper into the gambling industry so that it will eliminate more of the original characteristics of crypto casinos in today's era.
It's really a pity if all forms of cryptocurrency bases are always under excessive supervision by the government.

As long as we can choose the right casino web3 by doing research, we will not end up losing or experiencing fraud. Only trusted web3-based casinos that we can use to play gambling and want to avoid registration as we have done so far. But we also have to be careful how we use the wallet we connect to the casino because there is no guarantee a hacker can't get into our wallet and take all of our money. That's why we must use a different wallet to connect to the web3 casino to avoid hacking.

While the government is likely to tighten and supervise the existing casinos, especially popular casinos, so they can know the flow of funds in them, the government does that because they can't find out who the crypto users are behind every gambling account in casinos. Hence, they try to suppress all businesses that use crypto so that account owners want to do KYC.

[klidex]

According to my knowledge, web 3.0 is more often known as decentralized or not centralized by anything.
So it's quite simple that if a casino uses the web 3.0 casino label it should implement the no KYC feature which can hold on the basis of web 3.0 decentralization and other features that make customers anonymous.
But unfortunately some casinos that have web 3.0 casino label do not really adhere to web 3.0 basis and still ask KYC data from customers who want to withdraw large amount of funds.
Or maybe a casino that only has a web 3.0 label but doesn't really apply the basics that must be set, the casino uses web 3.0 only to attract the attention of potential customers or just because of the web 3.0 hype which is currently a trend.

[danadc]

For me, web3.0 casinos are the ones where you can connect the decentralized wallet and play, as well as play with deposits and the centralized system, I don't know if I'm wrong, but web3 casinos are promoting them a lot as if it were the saint Grail, the truth is that I still trust the old casinos like freebitcoin, in duelbits which I consider to be very good, for me all this is happening as a fad, where everyone wants to interact in order to have good results, but I prefer that casinos integrate web3 to see how it goes, but the old ones.

[Fivestar4everMVP]

According to my knowledge, web 3.0 is more often known as decentralized or not centralized by anything.
So it's quite simple that if a casino uses the web 3.0 casino label it should implement the no KYC feature which can hold on the basis of web 3.0 decentralization and other features that make customers anonymous.
But unfortunately some casinos that have web 3.0 casino label do not really adhere to web 3.0 basis and still ask KYC data from customers who want to withdraw large amount of funds.
Or maybe a casino that only has a web 3.0 label but doesn't really apply the basics that must be set, the casino uses web 3.0 only to attract the attention of potential customers or just because of the web 3.0 hype which is currently a trend.

There is actually a topic which I believe was discuss here some time ago where the op was asking if casinos that claim to be web 3.0 projects, are really Web 3.0 or just using the title as a form of advertisement.

Majority of those who commented said that, as of now, web 3.0 casino are very few in number, and are not popular yet, so clearly, most of the casino claiming to be web 3.0 based are nothing but using that to promote their casinos and Win more new customers over.

Web 3.0 equals complete decentralization, even games in a web 3.0 casino should be hosted on-chain, and not on a server controlled by people, if the games listed on the casino are not hosted on-chain through smart contracts, then it simply means that such a casino is not a true web 3.0 casino.

[Webetcoins]

Any casino that claimed to be decentralized are running the business at its own risk, no casino should claim to be decentralized unless they are operating off the radar or in a country where decentralization is all that matters to them, FED forbid running an unregistered casino and the penalty is very severe.

The web3 name is just an attracting strategy, I have not seen any one casino that's truly decentralized or fully functioning on the web3, many new casinos are looking for a more effective way to attract many gamblers and they have to use what is presently trending in the world today, which is web3, metaverse and gaming and AI.

Any casino owner will proudly do the same today.

A decentralized casino and a centralized casino without a license are basically operating the same way, without paying any taxes and running off the radar and that is the reason why usually see authorities hunting down some casinos that are unregistered and unregulated, so decentralized casinos are probably going to get targeted too.

And you are totally right that most of the time, the name of web3 is just used for marketing purposes since it is among the trends that are circulating within the crypto community these days. From personal experience, I've only witnessed 1 decentralized casino in my life, it was announced on this forum though I don't remember the name, it must still be there.