As the global pandemic has forced regular gaming enthusiasts to move online, new opportunities for the NFT-powered virtual future have been created. It was only recently that the company Evolution Gaming started using CryptoPunks, the famous NFT collection, as prizes for slot machines. According to their press release, CryptoPunks will be used for their “NFT Megaways” game.
Now, the newly created Flamingo game project is a good example of how NFT is about to revolutionize this industry.
What is the Flamingo NFT Project?
Flamingo club is an NFT virtual game project. The green light was given on January 21, 2022. The company plans to build gaming facilities in partnership with one of the oldest industry representatives in Las Vegas. Additionally, an entertainment center, a sports arena with a hockey team, golf courses, and horse racing in the Sandbox metaverse are also in the works. It is led by experienced industry leaders: David Aaronson, lawyer and vice president of a major financial firm, and Waldo Lorenzo, manager.
It is important to note that each Flamingo club NFT holder will receive a share of the profits generated in the Flamingo gaming club.
In terms of numbers, the Flamingo Club is made up of 11,111 unique hand-drawn NFTs that are generated from over 300 traits, increasing their rarity. As one rarity expert explains, “Rarity drives a lot of the economy around collectible NFTs and generates excitement. Scarcity helps drive demand in an NFT project and diversifies a project by offering different levels of features and utility. » All charts can be purchased on OpenSea.
What are the use cases and benefits?
Examples of games and other entertainment that will be available on Flamingo include, but are not limited to, Blackjack: Of all the table games, there is none classier than Blackjack, also known as 21, Roulette: The purest game of chance, Roulette gives players a chance to try their luck by choosing numbers on a wheel, choosing from 1 to 36, with a 0 and 00, or Mini-Baccarat: a casual and fun to play this sophisticated high limit classic. Users can bet on the “player” or the “banker”. The hand that comes closest to a 9 is the winner.
Apart from the vast collection of games, all Flamingo NFT holders will participate in raffles. The prizes are substantial and include $150,000 for 5 NFT holders, $10,000 for 20 NFT holders, 10 Tesla Model 3 for 10 NFT holders, and 200 Apple iPhones 13 for 200 NFT holders. The odds of winning are more than just statistical probability.
Above all, NFTs are revolutionizing the way money can be earned. Gambling houses generally have the odds in their favor on all games, although the house edge varies for each. So the house always wins. With the Flamingo Club, the user is home and ready to earn a return on their investment through the club’s share of the profits (80% of the profits will be distributed). It is a safe way to earn passive income from different activities without participating in them; without risking losing your own assets. It’s a different way of doing business and participating in this sector.
The industry’s covid-fueled boom was just the beginning. Today, NFT projects specifically target this sector, setting the tone for future developments. The potential for growth is huge, and with projects like Flamingo, users can find new ways to earn money as passive income with low risk and no strings attached.