El Salvador Pioneering in NFT Casinos
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El Salvador is pioneering in NFT Casinos. Many countries are trying to legalize gambling activities to generate additional revenue streams.
El Salvador has announced its plan to launch the first NFT casino. Nft is an acronym for non-fungible tokens. They are digital assets capable of performing smart contracts on the blockchain. The government has partnered with N FT company Astro Babies to build a physical casino branch.
NFT is planning to create a land-based and an online casino in El Salvador. The online platform will cater to the Latin American market.
The physical location of the NFT casino will be somewhere in Bitcoin City. Bitcoin city is another venture of Bukele administration to improve the economy and facilitate the Bitcoin monetary system adopted by the government. The sale of a Bitcoin bond will fund the city. It will also be powered by geothermal energy using the nearby Conchagua volcano.
The NFT casino will provide table games, slots, poker, blackjack, and roulette. It will also have restaurants and entertainment venues to attract tourists and locals. The collaboration with Astro Babies is a first for El Salvador.
Astro Babies announced it will offer NFT products on the popular metaverse in El Salvador. El Salvador is a pioneer of all things concerning blockchain technology. It outperforms Turkey, Nigeria and other countries with far greater populations in Bitcoin-related searches. Neither the physical casino nor the virtual counterpart has yet been completed.
