S-STEM Scholar Sergio Cortez's Blog

 NFT Money Laundering     The NFT space is so new that everyday I find out new information about the space. Earlier this semester I went over what an NFT is. Today I am going to go over on some ways that people around the world are taking advantage of this technology to wash their money. In my previous post I talked about an online gambling company called Roobet. The beautiful thing about crypto and blockchain is that every single transaction can be viewed by anyone around the world and if you are able to find out someones wallet address you can literally see every transaction that person or company has done. There are technologies being developed right now to avoid this but at the moment it is all online for anyone to view.      I am sure you have heard online about NFTs selling for thousands if not millions of dollars. I always wondered to myself why would anyone buy a piece of code for so much? I understand sentimental value but to me those numbers just didn't make sense. I deci

 Crypto Gambling     So far this semester I have pointed out the positives of crypto and blockchain. However there are also some people that are taking advantage of this technology for their own benefits. This also creates opportunity for jobs in the US government as they will need developers who know how to read blockchain transactions. Let's take a look at crypto gambling. There are many different companies that offer online gambling but I am going to focus on just one company for example and they are called Roobet. Roobet is an off shore online gambling company that provides its users with access to slot machines online just like you would have access to in the United States casinos the only difference is that they are not regulated.      Roobet was created by developers on reddit forums and they use very famous influencers to promote their services. There are some famous influencers called "Neck Boys" who on their YouTube and twitch channels they promote this gambling