Cryptocurrency-Friendly El Salvador Builds New NFT-Focused Casino - Newstbt.com

In 2021, El Salvador made history by becoming the first nation to recognize Bitcoin as legal tender. Furthermore, the country has been granted the distinction of hosting the world’s first-ever casino made entirely out of non-fungible tokens (NFTs).

In January 2021, Canadian company Astro Babies announced their first physical casino venture that would showcase and allow players to buy and sell NFTs. On June 9th, Astro Club House launched in El Salvador as the first of its kind. The casino is powered by the Solana blockchain and promises an array of gaming experiences with slot machines, table games, and weekly poker tournaments, with music, a bar, terrace, restaurant, gaming area, and VIP room making it an entertainment destination for cryptocurrency investors. As the casino continues to expand throughout El Salvador, it is sure to bring a new and exciting gaming era to the country.

El Salvador Reinvents Casinos

Astro Babies has launched its third collection of NFTs, coinciding with the opening of the new Astro Club House. As per a company statement, it created 120 indirect job opportunities and 50 direct jobs in El Salvador. Al Radan, the founder of the firm, believes that the initiative comes as a response to the appeal for cryptocurrency and NFTs due to El Salvador recently passing its Bitcoin Law. Taking to Twitter, Astro Babies exclaimed that #AstroClubHouse is the definition of true #NFT utility and asked people to check out their link and mint their AstroBabyPup to be part of the greatest #NFTCommunity! 🇸🇻👇👇👇https://t.co/xbtzsUCpDc#NFT #SolanaNFT #Crypto #Blockchain #Metaverse #Bitcoin https://t.co/xbflC8KxLw.

At the Bitcoin City inauguration, Radan highlighted the idea of a “think tank,” for not only those interested in NFTs, but for anyone curious to hear more about the world of cryptocurrencies. Astro Babies also announced the launch of an aviation company to provide service for cryptocurrency entrepreneurs operating in Central America. However, more details on its operations have yet to be released.

Welcome to Bitcoin City

In November of last year, El Salvador’s President, Nayib Bukele, announced plans for a second no-tax NFT casino to be set up 7 minutes away from Bitcoin City. To get the project off the ground, several factors must be met, such as successful financing for the building and the release of “Volcano Bonds” to cover the development. However, the NFT market has experienced a sharp decrease in recent months due to market instability, which could mean delay in the project’s completion. Despite this, Astro Babies is viewed the project as an opportunity, as it has plans to create jobs and promote local artists in the nation.

Within the scope of the NFT ecosystem, digital works such as those from urban artists TNT and Marlon Díaz, aka Maco, remain popular among enthusiasts and collectors and thus retain their high values. According to Astro Babies, this presents a real benefit within El Salvador, especially in the category of graphic art. At the opening event of Astro Club House, Maco even showcased some of his works in a physical exhibition. He now sells some of his works in NFT formats, and he discussed the advantages that Astro Babies has to offer on the platform.