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Author Topic: What is a web3 casino for you?  (Read 1115 times)
Weawant
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May 11, 2023, 07:39:32 AM
 #81

Web3 has to be decentralized so if a casino is claiming to be a web3 project then it has to have all of the features of decentralized projects. The casino should be accessable with my metamask wallet that I won't have to deposit but can connect my wallet directly.
One of the key elements that define a casino as 3.0 is decentralization. A decentralized network powered by blockchain technology should run it. Additionally, it must support several currencies, which will be advantageous to us gamblers who support a number of altcoins. A casino would also be regarded as web 3.0 if it produces fair gameplay, security, and accountability, all of which will simultaneously be protecting its players and the casino. Since most casinos also prohibit VPN usage, I hope that the innovative gambling industry will take the location restriction into consideration in the future. Players from gambling-restricted areas have long struggled with this restriction.

As a  web 3 casino, for them to be decentralized and allow users to connect with their wallets, they have to be powered by blockchain as that's the only way they can be achieved that. I haven't seen a non blockchain project connect with cryptocurency wallets before.

A web 3 casino must not allow the usage of different cryptocurency before it can be classified as a web3 casino. Cryptocurrency casino have their tokens and to promote the use of their tokens, they can decide it becomes the only means of payment.

There's nothing wrong in doing so as it also helps the investors as they get profit for believing in the project and investing in it. If they allow multiple altcoins, then they might not add value to their own token and might lead to people dumping it which would affect the casino.

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ethereumhunter
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May 11, 2023, 09:55:49 AM
 #82

One thing I have noticed is that many of these casinos want to be known to the latest trending so that gamblers that are lovers of the trending will subscribe to there network. That is what many thinks and it had been working for them but I don't see any need for that rather than just been the regular casino we used to know. Many of the Cryptocurrency projects are claiming to be web3 the fact is that we are not even sure of they ever know what they are claiming. There projects casinos that claims to be web3 are only interested is gaining the heart of gamblers.

That's why I don't think much about web3 casino because I think it's all the same. Maybe what's different is that we can connect our personal wallet to the casino so we don't need to register using email or have to verify accounts. We shouldn't need to do KYC either because we didn't register directly but only used a personal wallet. But still, one day, the casinos may ask us to do KYC. And gamblers will also know what kind of casino they want to look for, so they will choose it after finding the one that suits them.

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May 11, 2023, 12:52:48 PM
 #83

One thing I have noticed is that many of these casinos want to be known to the latest trending so that gamblers that are lovers of the trending will subscribe to there network. That is what many thinks and it had been working for them but I don't see any need for that rather than just been the regular casino we used to know. Many of the Cryptocurrency projects are claiming to be web3 the fact is that we are not even sure of they ever know what they are claiming. There projects casinos that claims to be web3 are only interested is gaining the heart of gamblers.

That's why I don't think much about web3 casino because I think it's all the same. Maybe what's different is that we can connect our personal wallet to the casino so we don't need to register using email or have to verify accounts. We shouldn't need to do KYC either because we didn't register directly but only used a personal wallet. But still, one day, the casinos may ask us to do KYC. And gamblers will also know what kind of casino they want to look for, so they will choose it after finding the one that suits them.

Nothing change about that since its still the same gaming experience not unless if they apply virtual reality gaming experience to their users then provably we can all agree that they are really good. But for what we see at the moment web3 name is been attached by some casino to attract people or create hype due to that said adoption. But if we look at closely its still the same casino games which offer by other didn't claim about they are web3 casino.

R


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ethereumhunter
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May 12, 2023, 04:27:57 AM
 #84

One thing I have noticed is that many of these casinos want to be known to the latest trending so that gamblers that are lovers of the trending will subscribe to there network. That is what many thinks and it had been working for them but I don't see any need for that rather than just been the regular casino we used to know. Many of the Cryptocurrency projects are claiming to be web3 the fact is that we are not even sure of they ever know what they are claiming. There projects casinos that claims to be web3 are only interested is gaining the heart of gamblers.

That's why I don't think much about web3 casino because I think it's all the same. Maybe what's different is that we can connect our personal wallet to the casino so we don't need to register using email or have to verify accounts. We shouldn't need to do KYC either because we didn't register directly but only used a personal wallet. But still, one day, the casinos may ask us to do KYC. And gamblers will also know what kind of casino they want to look for, so they will choose it after finding the one that suits them.

Nothing change about that since its still the same gaming experience not unless if they apply virtual reality gaming experience to their users then provably we can all agree that they are really good. But for what we see at the moment web3 name is been attached by some casino to attract people or create hype due to that said adoption. But if we look at closely its still the same casino games which offer by other didn't claim about they are web3 casino.
I think the virtual reality playing experience still needs time to develop because it will require tools supporting the technology. And I heard that the tools being sold today are still very expensive and even then, it seems that they have not been integrated into the gambling business. I agree with you that many business owners attach web3 because they want to get people's attention and say that their casino is different from other casinos. It may still take a year or more to see the real implementation of web3 in the gambling business.

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May 12, 2023, 08:01:00 AM
 #85

Nothing change about that since its still the same gaming experience not unless if they apply virtual reality gaming experience to their users then provably we can all agree that they are really good. But for what we see at the moment web3 name is been attached by some casino to attract people or create hype due to that said adoption. But if we look at closely its still the same casino games which offer by other didn't claim about they are web3 casino.
Because of no requirement for KYC on web3 casinos, it is still different from centralized casinos. The no KYC and direct noncustodial wallet connection to the web3 casinos makes it different. Another thing is, most casinos today's are centralized casinos that you will need to register with email and password, people are getting to use the centralized casinos more. Which means centralized casinos are the ones that are making more money. The more the money made, the better they will want to improve their products and services. I will not find it surprising that centralized casinos offers more games and good services.

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May 12, 2023, 10:37:45 AM
 #86

Nothing change about that since its still the same gaming experience not unless if they apply virtual reality gaming experience to their users then provably we can all agree that they are really good. But for what we see at the moment web3 name is been attached by some casino to attract people or create hype due to that said adoption. But if we look at closely its still the same casino games which offer by other didn't claim about they are web3 casino.
Because of no requirement for KYC on web3 casinos, it is still different from centralized casinos. The no KYC and direct noncustodial wallet connection to the web3 casinos makes it different. Another thing is, most casinos today's are centralized casinos that you will need to register with email and password, people are getting to use the centralized casinos more. Which means centralized casinos are the ones that are making more money. The more the money made, the better they will want to improve their products and services. I will not find it surprising that centralized casinos offers more games and good services.

To be fair, the concept of Web3 or decentralized casinos is still very new, so I am not sure if it is fair to compare them in such direct way to centralized casinos (which have existed for many years). Maybe, as time goes on and things improve with the altcoins adoption, the volume of decentralized casinos will get bigger, so will the profits. The money would call for more programmers and open source game providers to join, translating to variety and options for gamblers.

There is still much work to do and a long path ahead, in my humble opinion.

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May 13, 2023, 04:21:49 AM
 #87

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?



1. For a Web 3.0 casino to be considered decentralized, it must be constructed using blockchain or other decentralized technologies.
2. Cryptocurrency payments and withdrawals should be accommodated by the casino.
3. It is crucial for the casino to provide provably fair games, which ensures that game outcomes can be verified and not tampered with.
4. Smart contracts, which are self-executing contracts with terms and conditions directly coded into them, must be used by a Web 3.0 casino.

In addition  to all you've said, and they have to be totally  decentralized and wouldn't have to ask for kyc at any point in time and not asking for kyc at some points either at a trigger point or not.
And I also agree with your point of building  and developing  their games on a blockchain  or decentralized  terms and payments should be on blockchains which is in cryptocurrency.
But I also know that one of the things that will slow the adoption of web3 is the fact that it might require a very high internet  which might make its adoption a little bit difficult especially  in underdeveloped areas and communities.

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May 13, 2023, 05:21:16 AM
 #88

Because of no requirement for KYC on web3 casinos, it is still different from centralized casinos. The no KYC and direct noncustodial wallet connection to the web3 casinos makes it different. Another thing is, most casinos today's are centralized casinos that you will need to register with email and password, people are getting to use the centralized casinos more. Which means centralized casinos are the ones that are making more money. The more the money made, the better they will want to improve their products and services. I will not find it surprising that centralized casinos offers more games and good services.
Because of the public's anticipation, centralized casinos created huge traffic online. The public will always register with a centralized casino because they believe it is the best and easiest way to withdraw one's gains without complications. Manually registering an account with an email address and a password on a centralized casino has become the norm for gamblers. Online casinos disseminate information about web3 quickly in order to grab the imaginations of gamblers who only want the finest of the best. There is room for experimentation and recommendations of new projects in this space.

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May 13, 2023, 06:31:35 AM
 #89

Because of no requirement for KYC on web3 casinos, it is still different from centralized casinos. The no KYC and direct noncustodial wallet connection to the web3 casinos makes it different. Another thing is, most casinos today's are centralized casinos that you will need to register with email and password, people are getting to use the centralized casinos more. Which means centralized casinos are the ones that are making more money. The more the money made, the better they will want to improve their products and services. I will not find it surprising that centralized casinos offers more games and good services.
Web3 casino offers gamblers convenience without having to provide KYC and also create an account with email and password as most of gamblers always want to be anonymous.
But on the pretext of providing convenience and anonymity, web3 casinos are even more at risk, there are several scam actions because gamblers have to connect their personal wallet directly with the casino.
We have to really consider when using a web3 casino so we don't make the wrong choice.

Even though a centralized casino has to register with an email and password, there are even KYC requirements if the casino can be trusted and has a good reputation, then it's not a problem, moreover, gamblers also never mind some of the requirements, as long as the casino has a good reputation and high trust in users.

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May 13, 2023, 07:51:29 AM
 #90

Do not focus on web 3 from any online casino, it's nothing but an empty word, let your main reason for trying out a new or old casino be your experience, web 3 is still not a complete idea but it's in work, I don't see any online casino using web 3 still, they are all web 2 right now, those using web 3, in their description are seeking for attention and for someone who can tell the difference like me won't get caught, thinking maybe the experience will be different? Lol, for now, web 3 is still an unripe fruit.

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May 13, 2023, 11:06:59 AM
 #91

Do not focus on web 3 from any online casino, it's nothing but an empty word, let your main reason for trying out a new or old casino be your experience, web 3 is still not a complete idea but it's in work, I don't see any online casino using web 3 still, they are all web 2 right now, those using web 3, in their description are seeking for attention and for someone who can tell the difference like me won't get caught, thinking maybe the experience will be different? Lol, for now, web 3 is still an unripe fruit.
You can check owl.games, if you're gamble using altcoins, you can gamble through your wallet without need to make a deposit. But owl.games is still a centralized casino, so it's just a less decentralized and not fully a real web 3.0 casino. I think there are few casinos which really decentralized and no ask KYC, but such kind casinos can't become big because there's no way for them to launch a promotion to attract new gambler.

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May 13, 2023, 06:11:09 PM
 #92

They are very good as long as the data management system is in place and financials are taken care by them with at most safety. Mostly decentralised casino would have our wallets connected with them and that’s also method of choice when it comes to signing up with them. Coming down to web3 upgrades they are definitely on the new horizon and would like to wait for longer to see some strong casino showing up with their perfections for legend players. Today itself saw announcement from one of the decentralised sports betting site and I’m convinced they are somehow good. The only way to know is to try out many of them and have review put together.
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May 14, 2023, 01:54:42 AM
 #93

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?

Lately  web3  has become so popular  and already making waves but to me especially  in gambling,  I don't see any web3 project as being realistic because they only end up with some shitty craps without any form of decentralization which is the main purpose  of web3 and I believe that web3 gambling  should be working in a web3 technology  which might require very high internet  and individuals  wouldn't be getting that easily  without having to lias with the government and I believe  that the government  might even make things hard that they will have to bend to its terms.
One thing I have noticed is that many of these casinos want to be known to the latest trending so that gamblers that are lovers of the trending will subscribe to there network. That is what many thinks and it had been working for them but I don't see any need for that rather than just been the regular casino we used to know. Many of the Cryptocurrency projects are claiming to be web3 the fact is that we are not even sure of they ever know what they are claiming. There projects casinos that claims to be web3 are only interested is gaining the heart of gamblers.

This is the new era today of adaptation we previously using a different email accounts which is getting hassle to them they don't want to add their real email instead they will use another dump emails to create an account for a gambling casino and some of their funds are in the wallet so they need to send or transfer those funds into the casino and another thing is some of them want to make sure they are anonymous so they takes a lot of process before sending, with the use of the web3 people now can send or transfer their assets to the casino itself and somehow you can create an account without using email, platforms not requiring to have a KYC for this feature but still it has to have a backup for account recovery such as an email still needed the same with phone number.

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May 14, 2023, 05:31:27 PM
Last edit: July 14, 2023, 04:29:07 AM by slapper
 #94

~snip

This is the new era today of adaptation we previously using a different email accounts which is getting hassle to them they don't want to add their real email instead they will use another dump emails to create an account for a gambling casino and some of their funds are in the wallet so they need to send or transfer those funds into the casino and another thing is some of them want to make sure they are anonymous so they takes a lot of process before sending, with the use of the web3 people now can send or transfer their assets to the casino itself and somehow you can create an account without using email, platforms not requiring to have a KYC for this feature but still it has to have a backup for account recovery such as an email still needed the same with phone number.
The web3 craze has spread like a mysterious plan, and it has even entangled the gambling industry. However, my trusted friend, the legitimacy of these web3 gambling ventures is as questionable as a fraudulent Da Vinci forgery. They present a sham while posing as a revolutionary decentralized adventure. Isn't decentralization the key to the web of the future? Did something get lost in translation there?

Where's the catch? Web 3.0 gaming requires a very fast connection. Have fun trying to accomplish it without groveling before the government. It's like trying to touch your nose with your tongue is easy compared to what they're capable of. It defies belief.

The casinos, meanwhile, portray themselves as the next big thing. Attempting desperately to be hip and enticing gamblers with a flashy novelty. In that case, why not just play at a regular casino? There is no substance to these web3 crypto projects' bluster. They are only interested on winning the gamblers' hearts and money. Pathetic!

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May 14, 2023, 08:28:03 PM
 #95

Do not focus on web 3 from any online casino, it's nothing but an empty word, let your main reason for trying out a new or old casino be your experience, web 3 is still not a complete idea but it's in work, I don't see any online casino using web 3 still, they are all web 2 right now, those using web 3, in their description are seeking for attention and for someone who can tell the difference like me won't get caught, thinking maybe the experience will be different? Lol, for now, web 3 is still an unripe fruit.


I would not try a brand new casino if that is web 3 based or only using the Web 3 name for marketing purposes.

For me, Web 3.0 should be such a casino where we connect our wallet with the casino and gamble, without having to deposit at the gambling site. With a true Web 3.0 casino, the gambling experience should be completely decentralized.

If any casino claims to be Web 3.0 complaint and still asks you to deposit the money in that casino,  keep in mind, they are just fooling you in the name of Web 3.0

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May 14, 2023, 08:56:18 PM
 #96


With the rise of fear we have in connecting our wallet to an app, it may just be harder for this web3 to be adopted. They may just have to target the attention of the gamers first, not the gamblers.

Gamers are probably more interested especially when it's Play to Earn. When it's finally safer and the suspicions of crypto community cool down to the hacking, they may lower their guard.

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May 14, 2023, 09:37:45 PM
 #97

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?


   -  What I know is that web3 casino is better if I compare it to the usual tradtional casino. Because it uses blockchain technology. 
And it's also safer compared to landbased casinos.

And web3 casino uses dapps that run the game it has, which means no one can control them which is also the central authority. And they also provide rewards, such as nft, tokens and others that can be traded on the exchange.

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May 14, 2023, 10:01:52 PM
 #98

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?


   -  What I know is that web3 casino is better if I compare it to the usual tradtional casino. Because it uses blockchain technology. 
And it's also safer compared to landbased casinos.

How can you say it is safer than landbased casinos?  In terms of risk, it has more risk because the platform can be a rouge one that can siphon your balance on your connected wallet.  It can be disguised as a gambling platform but in reality can be a hackers way to access your wallet.

And web3 casino uses dapps that run the game it has, which means no one can control them which is also the central authority. And they also provide rewards, such as nft, tokens and others that can be traded on the exchange.

There is always a chance that the dapps can be controlled by the owner if they have malicious intention in the first place.  So I won't say this one is safer than this one because they can turn rouge anytime they wanted.  Reward and bonuses doesn't justify reputation and honesty of a gambling platform.

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May 14, 2023, 10:04:51 PM
Last edit: February 28, 2024, 05:19:31 AM by Pascal Parvex
 #99

A web3 casino must include the most important feature of player's maintaining custody of their bankroll. Meaning, the web3 casino has to connect to a player's wallet rather than settling deposits and withdraws.

My Waves blockchain gambling site https://WavesGamble.com works on the chain. There is no login, just a connect button.

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May 15, 2023, 12:08:59 PM
 #100

Web3 has to be decentralized so if a casino is claiming to be a web3 project then it has to have all of the features of decentralized projects. The casino should be accessable with my metamask wallet that I won't have to deposit but can connect my wallet directly.
One of the key elements that define a casino as 3.0 is decentralization. A decentralized network powered by blockchain technology should run it. Additionally, it must support several currencies, which will be advantageous to us gamblers who support a number of altcoins. A casino would also be regarded as web 3.0 if it produces fair gameplay, security, and accountability, all of which will simultaneously be protecting its players and the casino. Since most casinos also prohibit VPN usage, I hope that the innovative gambling industry will take the location restriction into consideration in the future. Players from gambling-restricted areas have long struggled with this restriction.

As a  web 3 casino, for them to be decentralized and allow users to connect with their wallets, they have to be powered by blockchain as that's the only way they can be achieved that. I haven't seen a non blockchain project connect with cryptocurency wallets before.

A web 3 casino must not allow the usage of different cryptocurency before it can be classified as a web3 casino. Cryptocurrency casino have their tokens and to promote the use of their tokens, they can decide it becomes the only means of payment.

There's nothing wrong in doing so as it also helps the investors as they get profit for believing in the project and investing in it. If they allow multiple altcoins, then they might not add value to their own token and might lead to people dumping it which would affect the casino.

I love the idea that in order for online casinos to be considered as web 3.0 gambling sites is its ability for decentralization. It straight to the point, and nothing more. That integration of cryptocurrency as payments, rewards, tokens are featured. In cased of security, it will greatly be depend upon the house website if they require every player or stakeholders to have a KYC. I love this post as it just gives simple and clear prompt.

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