Lottery.com Inc, a leading technology company that is transforming how, where, and when the lottery is played, has announced that it is in the early stages of development for a platform to operate lottery, sports betting, sweepstakes, and other forms of online gaming, as well as enhance the Company’s API capabilities.
This multi-year project, called Project Nexus, is a component of the Company’s strategy to leverage blockchain-based technology to enhance the availability and security of the Company’s product offering. The Company is currently in discussions with leading blockchain providers to partner on the development of Project Nexus.
The blockchain-based elements of Project Nexus are expected to allow the Company to provide improved transparency into results and enhanced security of every game it offers across gaming verticals. Once fully developed, the Company plans to leverage Project Nexus to introduce multiple proprietary lottery games for players outside the US, with the potential for multi-billion dollar shared jackpots. The platform is expected to provide users with the ability to vote on the allocation of a portion of the proceeds from these jackpots toward social and environmental causes.
Additionally, Project Nexus is intended to allow players in permitted jurisdictions to utilize fiat or crypto payments to play these proprietary games, thereby opening these games to a larger market.
“We believe that the future of gaming is blockchain and we anticipate that Project Nexus will be an important step toward realizing blockchain’s potential to provide transparency and security to our products. It’s crucial for any player to have full trust and confidence in the integrity of whatever game they are playing, and blockchain technology has the potential to improve that transparency. Gaming is an excellent use for blockchain, and we intend to leverage this technology to improve security for players worldwide,” Tony DiMatteo, Chief Executive Officer and Board Chair of Lottery.com, said.
Veteran Horse Racing Gaming Exec Joins Game of Silks as President and Chief Operating Officer to Gear for Hyper Growth
Game of Silks, the first metaverse that mirrors the real world of thoroughbred horse racing, has added Ron Luniewski, a sports, gaming, and entertainment veteran with a proven track record of success and growth, to its executive suite.
Luniewski joins Silks from the gaming world where he established a reputation as a builder, leveraging emerging technology to initiate hyper growth for companies and lead them successfully through massive expansion. Prior to joining the Silks team, Luniewski transformed Xpressbet from a small regional phone operation with 15 employees to a multi-platform juggernaut generating more than $300M in annual revenue and growing the team up to 150 employees by the end of his tenure. Before that, Luniewski was a pioneer in expanding access to horse racing early on, leading the first ever legal online horse gambling website, YouBet.com, as Chief Executive Officer from 1996 to 2002, kickstarting what is now a $7 Billion enterprise.
“Throughout my career, I have looked for ways to employ innovative technology to grow the sport of horse racing, so I was immediately inspired when I came across Game of Silks. Silks is a revolutionary platform that can fundamentally change horse racing by giving a whole new class of fan the ability to participate in this sport. Major players in racing, like the New York Racing Association (NYRA), have already hitched their wagon to Game of Silks, having seen its potential. We’re excited to establish additional partnerships with the racing community as we advance,” said Luniewski.
Despite the current bear market, the Silks executive team continues to expand to meet demand. Game of Silks, the fasting growing metaverse sports game in the space, added Srini Vasan, former DraftKings Vice President of Engineering, in April as the platform’s Chief Technology Officer. Additionally, Silks has secured landmark partnerships and agreements with horseracing titans NYRA, Fox Sports and The Jockey Club while also distributing record-breaking payouts to owners of Silks Horses.
“With the first Game of Silks racing season in full swing, our business is looking to scale rapidly to new users and showcase what’s possible when you marry the timeless tradition of horse racing with blockchain technology. Ron’s experience growing successful companies from start-up status to IPO, adapting and implementing new technology, and his deep industry connections to the global horse racing community are invaluable in any market,” Dan Nissanoff, CEO and co-founder of Silks, said.
How Blockchain Technology Enables Using Online Services Much Safer and Faster
Blockchain technology has become increasingly popular in recent years due to its ability to provide secure and fast transactions. The technology works by creating a decentralized and tamper-proof ledger, which makes it difficult for hackers to steal data or manipulate transactions. This has led to a wide range of use cases for blockchain technology, including online services such as banking, gambling, and e-commerce.
Blockchain Technology and Online Services
Blockchain technology has several benefits for online services. One of the most significant advantages is the security and privacy that it provides. Blockchain technology allows for secure transactions, which means that users can be assured that their personal and financial information is protected.
Monero and Technological Advancements
Monero is a cryptocurrency that uses blockchain technology to provide users with privacy and security. Monero has several technological advancements that make it stand out from other cryptocurrencies. For example, Monero uses ring signatures to keep transactions private, making it nearly impossible for anyone to trace a transaction back to its source.
Using Monero in Online Casinos
Monero is becoming increasingly popular in the online gambling industry because of its privacy and security features. Monero casinos allow players to deposit and withdraw funds anonymously, which can be especially attractive to players who want to keep their gambling activities private. Monero casinos also provide players with fast transaction speeds, which means that players can start playing their favorite games faster.
Using Monero Safely
While Monero casinos can be a safe and fun way to gamble online, it is essential to use reputable Monero casino sites. Players should research Monero casinos before depositing funds to ensure that they are reputable and safe. Players should also use strong passwords and two-factor authentication to protect their accounts from hackers.
Blockchain technology has transformed the online services industry, providing users with secure and fast transactions. Monero is a cryptocurrency that uses blockchain technology to provide users with privacy and security, making it an attractive option for online gamblers. While Monero casinos can be a safe and fun way to gamble online, it is essential to use reputable Monero casino sites and take steps to protect personal and financial information. As blockchain technology continues to advance, it is likely that we will see more use cases for this technology in online services, providing users with even more security and privacy.
Blockchain Bets Launches a Decentralized Online Gaming Platform
Blockchain Bets, a new token in the world of cryptocurrency, is capturing attention for its unique approach to online gaming. The token offers users a chance to own a part of an online casino and to participate in various sports and games using popular blue-chip cryptocurrencies.
With new developments, Blockchain Bets operates on a decentralized platform, providing a secure and transparent experience for its users. Transactions are recorded on a public ledger, and the smart contract code ensures fairness for all parties involved. The token is highly divisible, enabling users to invest any amount they desire.
Blockchain Bets is set to become a significant player in the cryptocurrency market. The token has the potential to establish itself as a world reference for decentralized online gaming.
Blockchain Bets facilitates with a wide range of sports and games for users to participate in, including soccer, basketball, football, and more. The platform aims to become one of the largest online gaming platforms of its kind and to revolutionize the traditional online gaming industry.
Furthermore, Blockchain Bets has a total supply of 1 billion tokens, with 83% of this amount being made available for circulation at the time of its relaunch. A portion of 3% was allocated to a betting exchange wallet, while 12% was intended to be burned. As of now, 2% of the burn allocation has already been burned and an additional 12% is expected to be burned as the price reaches certain milestones.
Blockchain Bets was created with an initial investment of over $250,000 worth of Ethereum, and its goal is to provide users worldwide with a fair and transparent gaming experience. The $BCB token is used within the platform and enables token holders to have a stake in ownership and receive a share of the profits generated from the platform. Therefore, Blockchain Bets embodies the essence of decentralization and provides users a safe and secure gaming platform.
“The company is absolutely thrilled to launch Blockchain Bets and to offer a new way for users to invest in the online gaming market. By providing a secure, transparent platform for participating in a variety of sports and games, and by enabling users to become part-owners of the platform, Blockchain Bets is poised to disrupt the traditional online gaming industry,” officials said in a statement.
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