Random idea for the #gamblefi industry
Current platforms only focus on simple games, with the main highlight on the LP and yielding process.
Have a new idea that u guys might want to build on
1/8
the typical #gamblefi consist of gov/yield tokens, LP and simple games (logic based mostly) for people to participate in.
A typical smart contract involves a set of odds for the house and odds for the various outcomes of the games with the proceeds bearing yield
2/8
I am thinking of a possible utility of NFT for playing card games
Not sure how feasible it will be, but I am pretty sure most people do dabble in poker , blackjack even on web2 gaming. This interface should ring some bells
3/8
Am thinking of how each game will work like a mini pool instead of using a LP backend + simple html 5 frontend.
Yes it works, but games can be compromised and it will never be high stakes.
NFT is a easy solution to combat cheating, distribute liquidity
4/8
-minted cards will form a deck = subpool
-52 NFTs to be minted by participants
( so only 4, 13 participants ,including house )
-players then proceed to pick game of choice
( Game API library that will use the unique hash of nft/pool to render)
5/8
-Main LP deposit > subpool >mint 52 card > 1 deck
-pool valuation base of nft buy in (house have to mint too)
-pool then equally divide value into 52 NFT
-winnings then distributed to winners via NFT
-each nft unique to unique smol pool
-burn nft at main LP to redeem $
6/8
Possible utility?/unknowns?
-nft collectible/trophy of a unique match auction?
-nft to stake in main LP to yield? provide more liquid?
-how to equally divide via NFT if more varied no. of participants
- ame api library/module that is seperated from nft engine but reads it
7/8
Now i have more questions than answers.
Will this be feasible ?
must be a lot of signing to do
Say, aiming to make a world series of poker level kind of tourney for the future (online play)
#gamblefi allow complex pvp based games instead of just logic based like chess
8/8
Feel free to take this idea and build at no cost or monetary benefits. Playing cards are easily an international icon and many games can be played with it. I had this random idea while pooping, maybe its too complex for builders to create now, but is the concept feasible ?