Freedom fest in Las Vegas wrapped up last Saturday and lots of good news is coming out of the event.  CloudCoin Consoetium SV and Virtual Interactive Technologies (OTC: VRVR) will form a joint venture based upon a marketing and co-branding relationship utilizing the unique patented privacy features of CloudCoin as a means of payment-and a reward system for players of VRVR's interactive games portfolio.                                                                                                                                                                                                                                                                      Cloudcoin is based on a new counterfeit detection technology called the "RAIDA." (Redundant Array of Independent Detection Agents).  Instead of having a public ledger that tracks all transactions, cloudCoin simply checks to see if the coins are authentic. The goal of CloudCoin is very simple: To be the best currency in the world.  Cloudcoins were developed based on a new "theory of perfect money" that spells out confidentiality, efficiency, availability and integrity.                                                                                                                                                                                                                                                                                                                                                                      "VRVR is very excited to be working with the team at CloudCoin Consortium SV to bring their truly unique authenticated digital coin platform to the gaming industry", stated Jason Garber, CEO of Virtual Interactive Technologies. He also stated, "We believe the CloudCoin platform is a great option for our customers in terms of bringing digital currencies into our games."