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CoinGames vs. Centralized Crypto Casinos: NFT Showdown

Compare centralized and decentralized crypto casinos. The power of smart contracts in the first decentralized crypto casino, CoinGames. Now, users are the owners of their funds - instant deposits and withdrawals. Compare NFT collections of the top crypto casinos in the market. Analyze the pros and cons of each NFT collection, including CoinGames' Rising Legends. <br>https://coingamesnfts.com/

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CoinGames vs. Centralized Crypto Casinos: NFT Showdown

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  1. CoinGames vs. Centralized Crypto Casinos: NFT Showdown Would you ever imagine gaming and finance in one place? This is now a reality as the gaming industry dives into the Web3 world like never before. GambleFi is a new term for blending online gaming and decentralized finance to create an in-game economy. GambleFi operates on a “play-to-earn” (P2E) model, where players earn digital items and rare assets. Players gain value through cryptocurrencies, tokens, and NFTs (non-fungible tokens) while playing. As the first decentralized crypto casino in the world, at CoinGames we combine fun and finance through GambleFi with a vision of providing a top-notch experience to our users. On our platform, players connect their cryptocurrency wallets, manage their own funds through smart contracts, and enjoy full control over their deposits without intermediaries. Our setup ensures secure, anonymous, and instant transactions, eliminating the risks of identity and data theft. This is a one-of-a-kind event, as no other casino in the market operates with a decentralized system. To continue our mission, at CoinGames, we’re set to launch an NFT collection called, Rising Legends on Magic Eden on June 5th.

  2. The motivation behind this project is to assert our role in the Web3 industry and the GambleFi world and provide a next-level user experience and NFT utilities to our customers. In this article, we will cover: · · · · What NFTs are Key factors to consider before investing in NFTs Centralized vs. Decentralized NFT operational models Popular NFT collections from top crypto casinos We’ll compare NFT collections like SolCasino NFTs, Betfury Loopboxes, Rollbot Collection by Rollbit, Degen Pass by BC Game, and CoinGames’ Rising Legends. By the end, you’ll be well-informed about the NFT industry, its utilities, and potential investment opportunities. What is NFT, and does it hold value? NFT is a digital asset, in short. Buying an NFT is equal to buying real estate but in the digital world. Just like buying a physical real estate before buying an NFT, you should understand what you expect from it.

  3. Do you want an NFT for fun or do you want to generate a real, passive income from it? If your interest corresponds with the latter, continue reading this article. Similar to a physical asset, before buying an NFT, you should recognize the nuances of it and set it as the standard of your research for a smart investment. Ask yourself: What factors should I look out for before buying NFTs? Factors to consider when investing in NFTs · Project and team credibility: To whom does this NFT collection belong? Is this organization or person credible? Do they have a solid track record? Utilities of the NFT: Does this NFT or NFT collection offer benefits and functionalities that align with your interests and intent? Scarcity and rarity: Does this NFT or NFT collection hold anything unique that you can not find in other collections, such as attributes, limited editions, or provenance? Market demand and trends: Does this NFT or collection have strong demand and active trading markets? Platform and technology: Is the NFT platform secure and scalable? Is it user-friendly and competent with others? Community and ecosystem: Does this NFT or NFT collection have a strong and supportive community for potential networking and collaboration opportunities? Financial situation: chances of your return on investment (ROI) and possibility of price volatility. · · · · · · NFT Operational Models: Centralized vs Decentralized The NFT operational model refers to the underlying structure and organization of a platform or system that deals with NFTs. It covers several aspects related to obtaining and using NFTs, such as: · · · · Platform design Transaction processes NFT ownership and control Management and governance in decision-making. Centralized NFT operational model: In a centralized organizational model a single entity or organization has control over the NFT collection’s platform operations, governance, and decision-making processes. This one central authority manages all aspects related to the NFT buy, own, and sell, such as data storage, transaction processes, rule enforcement, and

  4. user interaction. In the Web3 world, centralization has been one of the major obstacles to obtaining a larger community. People, especially casino users, want to be in control of their own money, deposit, withdraw, and cash out whenever they want. This is one of the major drawbacks of centralized platforms, resulting in many potential clients choosing physical casinos. Decentralized NFT operational model: In a decentralized organizational model, not a single entity or organization has control over the NFT collection. The decision-making is divided among the network participants. The validation and transaction of each NFT are done by consensus mechanisms. With the help of smart contracts: a self-executing, decentralized operational model completely demolishes the need for third-party interference, resulting in a huge storm of new users entering the Web3 world, including crypto casinos and NFT marketplaces. At CoinGames, we’re proud to state, that we’re the first decentralized ecosystem in the market. We operate with a smart contract, which means you can connect your wallet within seconds, and own your deposits and instant withdrawals. To sum up, a decentralized system is implemented for extreme-level censorship, security, and transparency of NFTs to ensure not a single failure occurs in these processes because of the high reliability of cryptographic techniques. Now that we know the basics of smart investments in NFTs, let’s dive into the leading NFT collections offered by well-known and cutting-edge crypto casinos: SolCasino NFT by SolCasino

  5. SolCasino is a collection of 5000 NFTs integrated into the SolCasino platform. As an online casino, it allows engaging with NFTs within the realm of gambling and online gaming. In the meantime, it offers several utilities, such as staking for rewards, access to features, and trading opportunities within the SolCasino ecosystem. This NFT collection is available in the major and most powerful NFT marketplaces, such as Magic Eden. This means the users have more flexible chances to interact with and benefit from their NFTs. Pros: · Utility: As an NFT collection from an online casino, it offers several benefits that can generate money, such as staking, rewards, and bonuses. Exclusive access: Some NFTs give gamers access to special games and tournaments, as well as events within the platform. Trading potential: As a collection of a recognized and reputable online casino, users can trade these NFTs with the possibility of increasing their value over time based on their scarcity and rarity. · · Cons: · Centralization: SolCasino is part of a centralized platform, which means its NFTs are subject to the platform’s control and policies. This potentially limits their NFT holders’ true ownership and autonomy. Market volatility: Although SolCasino is a collection of a recognized online casino and is present in several high-reputable markets, it may suffer from market trends and demand because of high volatility. Platform dependency: Besides the risks of market volatility, the value of SolCasino NFTs is dependent on the success and stability of the SolCasino platform. · · Betfury Boxes (Boxes) by Betfury Betfury offers an engaging NFT collection known as Betfury NFT Lootboxes. This collection is integrated into the Betfury platform, which combines gaming, gambling, and DeFi elements.

  6. Pros: · Utility and functionality: Betfury offers several rewards, bonuses, and staking opportunities within its platform. Some of them include access to special rewards and enhanced gameplay features. On the other hand, some of Betfury’s NFTs can be staked to earn passive income, being a source of return on investment (ROI) besides mere pieces of art. Market demand: Betfury has an active and engaged community. Of course, not all of them are interested in NFTs, but still, it somehow increases the popularity and liquidity of its NFTs. Besides, Betfury integrates its NFTs into gaming and gambling aspects, giving gamers a chance to enhance their experience within the Betfury platform. Platform design: Betfury has a user-friendly interface. This means users can easily navigate, purchase, and manage their NFTs. · · Cons: · Centralization: As in the case of SolCasino, Betfury is also a centralized platform, meaning it holds significant control over its NFTs, including their insurance, management, and trading. This NFT operational method decreases the sense of ownership and autonomy for their users compared to decentralized ecosystems. Policy changes: Any changes in Betfury’s policy or platform performance will have a strong impact on the value and utility of their NFTs. Therefore, users are highly dependent on the platform’s stability and policy. Price fluctuations and speculative nature: Like other NFTs, Betfury’s NFTs are subject to market volatility. Prices can fluctuate based on market trends, user demands, and other economic conditions. Besides, the value of Betfury’s NFTs can be speculative, influenced by hype and market sentiment. Financial risks: The long-term value of Betfury’s NFTs is highly dependent on the success of Betfury’s platform. In cases of platform base decline, the value of their NFTs can drop dramatically. · · ·

  7. Rollbot Collection by Rollbit Rollbit offers a distinct NFT collection called “Rollbots”. These NFTs are integrated into the Rollbit platform, which combines elements of gaming, trading, and DeFi. As an NFT collection of a highly reputable online casino, Rollbits provides several utilities such as exclusive features on Rollbit, participation in special events, and staking for additional rewards. This collection can also be found in popular NFT marketplaces, such as OpenSea. Pros: · Utilities: As mentioned, Rollbit holds special features on the Rollbit platform, such as unique games, trading options, and exclusive events, adding significant value beyond mere ownership. Some of the Rollbots can also be staked for additional rewards from passive income. Active and engaged community: Rollbit has a strong community, which results in higher value and liquidity for their NFTs, although not all community members are specifically interested in NFTs. However, they can represent their NFTs to a broader audience, such as gamers and traders, based on their integration into gaming and training activities. Platform design and security: Besides having a user-friendly interface, the Rollbit platform implements robust security measures to protect user data, providing a safe environment for trading and utilizing their Rollbots. · ·

  8. Cons: · Centralization: Like SolCasino and Betfury, Rollbit also works with a centralized operational system, meaning it has significant control over its NFTs, including insurance, management, and ownership. On the other hand, there are also policy risks, as any changes in Rollbit’s policies or performance will automatically lead to a drop in their NFTs’ value and utilities. Liquidity concerns: Liquidity in the secondary market is often uncertain and fluctuates a lot, meaning it may be challenging to sell Rollbots quickly at desired prices. Platform updates: Rollbit’s platform update or technical issues can temporarily disrupt services or change their Rollbots’ functionality, affecting the user experience and NFT values. Speculative value: Market sentiment and hype can have a negative influence on Rollbots’ value. This means when investing in Rollbots’ users, they should be cautious, besides relying only on expectations and price appreciation. · · · Degen Pass, mNFTs by BC. Game BC. game has several NFT collections, such as Degen Pass and mNFTs. These NFT collections are of different themes and tailored for multiple masses within their community. They include both gaming-related NFTs, as well as virtual assets and collectibles. Like in the case of SolCasino, Rollbit, and Betfury, each of BC. Game’s NFTs are unique and offer different benefits within BC. Game platform. Pros: · Utility and functionality: Similar to the previous casinos’ NFT collections, BC. Game’s NFT is integrated into the BC. Game platform, allowing the players to integrate these NFTs for various gaming and gambling activities. The utilities are multifaced, meaning the NFT holders can easily deposit, withdraw, and engage in gaming in gaming activities. Market demand: BC. Game has a robust user base and diverse gaming features. The first benefit fuels the demand for BC. Game’s NFTs, while the second one allows distinctive and rewarding gaming experiences for gamers looking for adventures. ·

  9. · Platform design and security: BC. Game has a user-friendly interface, helping their clients easily navigate through the platform. On the other hand, the platform holds top-notch security measures to safeguard transactions involving NFTs. Cons: · Centralization: Similar to the previous casinos, the most significant issue of BC. Game is again a centralized operational system, leading to poor ownership rights and autonomy. Potential technical upgrades or problems: The value of NFTs will go down significantly if the platform goes under an upgrade or experiences technical problems. Legal Ambiguity: NFT holders’ rights fall into the platform’s regulatory changes and policies. · · Rising Legends by CoinGames Rising Legends is the upcoming NFT collection by CoinGames, the first decentralized crypto casino in the Web3 industry. The Rising Legends NFT collection includes 2500 pieces of NFT, each carefully crafted to match with the vibe of various masses in the Web3 community. Rising Legends includes over ten ranks of NFTs, starting from Commoner to God. Each rank holds exclusive, top-notch, and unique utilities in the market. This collection is created to make gamers and Web3 enthusiasts have more exciting and tangible experiences within the decentralized ecosystem. It unites fun and gains. The collapse of 2500 pieces of ancient mythical characters and adventurous personas make this NFT collection one of a kind, ensuring its scarcity and rarity.

  10. Pros: · Decentralization: CoinGames operates in a decentralized ecosystem, meaning that, just like in the case of the casino and sportsbook, in NFTs as well, you’re 100% the owner of your digital assets. You can go completely anonymously, connect your wallet within seconds via the smart contract system, and rule any activity that happens starting from insurance, management, and trading to transactions with the maximum level of security. On the CoinGames platform, users create a DeFi Wallet within seconds, connect it to directly interact with our smart contract, and deposit BNB or Matic instantly. · Exclusive utilities: Rising Legends are not just pretty pictures or fun assets. These are digital real estate properties created for a specific purpose, which is: to provide one-of-a-kind utilities in self-custodial gambling on the first decentralized licensed casino. We offer functionalities that align with multiple sectors within our community such as investors, traders, and gamers. Some of Rising Legends’ major utilities include: ➢10% of the Casino Net Gaming Revenue (NGR) for direct redistribution to Rising Legends NFT holders. ➢1% dedicated $CGT airdrop allocation: CoinGames is soon to release its cryptocurrency besides DEGA. It’s called $CGT. As a special benefit for Rising Legends NFT holders, 1% of the total airdrop allocation is set aside for them. ➢Staking: CoinGames purposefully created a utility strategy where our NFT holders can earn without doing anything. Just become a member of our NFT community, and generate passive income by staking these digital assets and earning tokens passively. ➢Access to exclusive VIP systems: CoinGames’ NFT holders unlock prestige levels within our whole ecosystem. Example. King NFT holders are automatically elevated to the “king level” following royal treatments and unparalleled rewards and privileges. ➢Extra benefits: Rising Legends NFT holders will enjoy early previews of new slots before they’re released to the general public, complete in Elite competitions and special tournaments, and tailored promotions from sportsbook enhanced odds to unique deposit bonuses. ➢Scarcity and rarity: Rising Legends is a carefully crafted NFT collection with unique characters. It’s tailored to the thorough research of the Coingames community as

  11. well as the Web3 community. It only includes 2500 pieces, unlike other collections which include at least 5000 pieces, in the meantime, it’s "handwork,” with carefully chosen attributes and features for each NFT. Credible team: CoinGames is a licensed, decentralized ecosystem operating in the Web3 industry with 5-star reviews online. Our staff consists of highly qualified professionals, and we have 20.000+ connected wallets. We have a strong community with live support professionals in Discord, Telegram, Zealy, TaskOn, and social media platforms like X, and Instagram. Rising Legends meets market demand and trends: At CoinGames, we have a dedicated team for market demand and trends to ensure our NFT collection falls into the current interests in the market. These professionals curated more than a dozen NFT collections in multiple well-known NFT marketplaces and studied their activities within the months. Strong and engaged community: CoinGames has a diverse, engaged, and strong community on multiple platforms. We have weekly sessions and live streams to communicate directly with our users and take part in various online and offline discussions and events. Secure and user-friendly interface: The CoinGames platform is developed with consideration of top-notch security measures and user experience. Users can easily navigate through the pages and menus to find related information. Financial diversity: Our NFT collection is set for release on Magic Eden on June 5th. We will have two whitelisting events and the minting will start right after whitelisting. For early holders, one piece of NFT will cost 0.35 $SOL, while the public price will be 0.5 $SOL. These prices are curated based on financial risks and to make sure that anyone interested in this project can invest without fear of loss. · · · · · Cons: · Limited Initial Supply: With only 2500 pieces available, obtaining a Rising Legends NFT may become challenging for some enthusiasts, potentially leading to higher competition during the minting process. Potential Scalability Issues: As CoinGames’ ecosystem continues to grow, scalability concerns may arise, impacting transaction speeds and user experience during peak periods. On the other hand, this predicts higher interest rates. ·

  12. In conclusion, although each of the discussed NFT collections has strong advantages and belongs to reputable online casinos, CoinGames’ Rising Legends represents a groundbreaking evolution in NFT gaming, offering unparalleled utilities, scarcity, and community engagement within a decentralized ecosystem. In the meantime, being a unique NFT collection of the first decentralized, licensed ecosystem in the Web3 world, Rising Legends holds low financial risks. In parallel to that, Rising Legends launches one of the most popular and powerful NFT marketplaces, Magic Eden, giving this NFT collection more exposure besides CoinGames’ active and engaged community. So why wait? Don’t miss out on the irresistible allure of Rising Legends by CoinGames — it’s your ticket to endless adventure and excitement in the Web3 universe! Keep up with COINGAMES! https://coingames.fun/en Medium: https://medium.com/@coingames Discord: https://discord.gg/QceXvQZbaD Telegram: https://t.me/CoinGames_fun/1 Instagram: https://www.instagram.com/coin_games_official/ Twitter: https://x.com/CoinGames_Offic CoinGames blog: https://coingames.fun/blog/

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