The management of First Bitcoin (BITCF), which now controls Bots, was a pioneer in the cryptocurrency industry and was doing quite well until the SEC shut down the industry leaders in the summer of 2017 to review their accounting practices. Now they are pioneering another new potentially very lucrative market in the metaverse.
VR is primarily an entertainment phenomena at the moment. What's a more entertaining adult pastime than gaming, and Las Vegas is the mecca for adult entertainment. To be the first company to put together a functional Las Vegas metaverse puts Bots in a very enviable position in the VR market.
RX Casino is also a pioneer in this industry with a structure and presumably employees that are in the process of developing online Augmented Reality(AR), Mixed Reality(MR) and Virtual Reality (VR) casinos and games. It's in Bot's interest to help them do that whether or not they have a fancy website or even a currently functioning game. They are bringing something to the table and consequently an investment makes sense. It will guarantee that Bot's new Vegas.MT site will have one of more attractions developed specifically for the metaverse.
If they're successful, it will attract other partners and increase the value of Bot's product. If Vegas.mt is not a success, they will have an investment in a company that can draw revenue from other Metaverse products. It covers several bases and makes a lot of sense.
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