Last updated on December 6th, 2021 at 01:01 pm
Who are Lottery.com?
Lottery.com is a major technology company that claims to have begun development on a blockchain-based gaming platform. They hope that the company will be able to pursue other forms of online gambling such as lottery, sweepstakes, and sports betting. This new platform, however, is still in its early stages of development.
The platform launched in 2015 in Austin, Texas, in the United States of America. Lottery.com is a ticket management platform. It is based online to allow users to play the lottery from their mobile devices. The main aim is to spawn increased funds and to be able to use them to provide better regulatory skills and for social services. Now the company has shown interest in expanding to blockchain technology.
Early Development of the Blockchain Gaming Platform:
Confident that blockchain technology will help enhance their API capabilities, Lottery.com has started the development of their blockchain gaming platform. This has been dubbed as Project Nexus. They expect to develop this platform over the next few years. Further gaining a better understanding of blockchain technology will help increase security and vary their products. The company’s CEO believes that trust is an absolute necessity. Every and all players should have complete trust in the game they are playing. He also hopes that blockchain technology has the ability to improve that transparency and confidence. He further hopes that it may help maintain its integrity.
Charting a Path for the Future of Gaming:
With Lottery.com moving forward with this blockchain gaming platform, we can expect other major players to follow suit. The main reason for this is that it allows for remote access. This will allow players, even outside the US, to play as well. Project Nexus, after the completion of its development, is expected to launch with a number of fun and exciting lottery games. It should also include multi-billion progressive jackpots shared through multiple different regions.
As safe as it gets:
Based on digital signatures and with a non-localized system like blockchains, the fear of corruption goes down greatly. As mentioned earlier, Lottery.com has plans to have special features that will allow a portion of the jackpot winnings to go to all sorts of causes. These can include social, humanitarian, and environmental causes. This will no doubt be a huge step in promoting online cryptocurrencies as viable payment methods.
Being an interesting industry to have taken an interest in modern blockchain technologies is a bold venture. The success of Project Nexus could mean a rapid revolution of the gaming world.