Non-fungible tokens or NFTs are taking the blockchain network by storm lately. The one thing that makes them stand out among their peers like Bitcoin or Ethereum is their unique identity. If a person buys one of these, then they will have permanent ownership of that asset. Today, we will discuss how this technology has reached the depths of casinos as well, making gambling NFT a reality.
Birth of Flamingo Club
I am sure if you keep up to date with technology news, you must have heard about the famous NFT CryptoPunks and their integration into the gaming platform: Evolution. Following their footsteps, many other platforms took the liberty to mint these digital units as well, one of them being Flamingo casino club.
This virtual gaming project saw the light on 21st January 2022. Claiming to be one of the fastest-growing networks of this blockchain, they have minted 11111 hand-picked VIP NFTs which are produced from over 300+ traits increasing its rarity. The major attraction of their club is that every single NFT holder will get a share of the profit generated by their establishment. Sounds like a great deal, right? No wonder it has been predicted to become a highly sought stage for gambling NFT.
Attraction it offers
Some of the perks of this establishment include fashion shows, stadiums, concerts, betting on horse races and golf clubs, and nightclubs. There is also the facility to play games such as Roulette: to test your luck by spinning the wheel, Palace Baccarat: a simpler version of baccarat that essentially makes use of the same rules with minor adjustments, Blackjack: one of the most popular casino games to exist in the world and Mini-Baccarat: where you either bet on the Banker or the Player and whoever gets close to 9 wins.
Apart from these recreational activities, it also offers its members draw prizes which are a benefit of the club membership. In this lottery game, NFT holders get a chance to win an Apple iPhone 13, Tesla Model 3, and 150.000 $ distributed among five lucky winners. The profit helps the shareholders get their return on investment. It is a great way to make passive income without the fear of losing any money in the process.
Pandemic has paved a way for this industry to shine and for people to earn their share of income without lifting a finger to work. The growth in this sector can be enormous and the Flamingo project is the proof of that.