If we’ve learned nothing else from the past week in the NFT market: it’s all a gamble. Monetary value can come and go in the blink of an ape’s eye. For those who are holders for the long term or in it for the utility or community, they may not have noticed, but for those who were hoping to build generational wealth…they’re having a very, very bad time.

So what better time to talk about how NFTs are used in gambling.

But I’m not talking about NFT value speculation or ‘am I going to mint a common PFP or a legendary’. I mean Vegas-style, double down, let it ride kind of gambling.

If you’ve ever been to Las Vegas, you’ve surely seen every casino have their own loyalty card. The longer you gamble, the more likely you are to get a free breakfast or a comped room. And it’s a great deal for the casino. If you drop $1,500 playing blackjack, they should probably buy you some pancakes.

So why not reward in NFTs? Create a hierarchy for loyal customers that can ‘rank up’ based on spend so they can get the best perks? And is this going to be the norm or is this too confusing for the market?

David Son and MC Tang from Luckmon are trying to hit the jackpot in this market. They’re already raised $600k to rule gambling in the web3 space. They’re exceptionally thoughtful in the space, and for those of you who have lost big over the past few weeks, maybe you should look them up and bet the rest on black. You can learn more here: https://www.luckmon.com/

FOR MORE INFO:

Host Twitter: https://twitter.com/philranta

Show Twitter: https://twitter.com/NFTStoriesPod

YouTube: https://www.youtube.com/channel/UCwuexPh0bx-6jXQMRv3iq1g

Copyright 2022 - We Are Verified, LLC