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Innovative NFT Use Case for Card Games in #Gamblefi Industry

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3 years ago

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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 ?
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@upndownsyndrome

2016 #BTC | DeFi👨🏼‍🌾 | observoor👀 | GMX 🫐 Abolish the idea of winning by "chance"🎲 Claim victory as a logical consequence 🧠 PVP/game theory/enjoyer♟⚔♟