Lottery.com selects Algorand as their Blockchain Gaming Platform

Lottery.com selects Algorand as their Blockchain Gaming Platform

Blockchain Gaming News
February 28, 2022 by Diana Ambolis
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Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”) today announced that it had chosen Algorand’s revolutionary blockchain gaming platform to support the development of Project Nexus. Project Nexus, announced last year, is a blockchain-based gaming infrastructure built by Lottery.com to administer lottery and other types of online gaming with increased security, scalability, and speed

Lottery.com Inc. (Nasdaq: LTRY, LTRYW) (“Lottery.com” or the “Company”) today announced that it had chosen Algorand’s revolutionary blockchain gaming platform to support the development of Project Nexus. Project Nexus, announced last year, is a blockchain-based gaming infrastructure built by Lottery.com to administer lottery and other types of online gaming with increased security, scalability, and speed worldwide.

Lottery.com chose Algorand because of the blockchain’s focus on user safety, a track record for consistent uptime, high performance, low cost per transaction, and stated commitment to a negative carbon footprint. It has the vision to create an environmentally sustainable platform that improves users’ gaming experiences. Lottery.com chose Algorand because of the blockchain’s focus on user safety, the track record for consistent uptime, high performance, low-cost per transaction, and stated commitment to a negative carbon footprint.

Algorand the next big Blockchain Gaming Platform

In a statement, Lottery.com stated that it had chosen Algorand’s unique blockchain gaming platform to accelerate the development of Project Nexus. Last year, Lottery.com introduced Project Nexus, a blockchain-based gaming platform aimed at making online lotteries and other forms of gaming more safe, scalable, and fast worldwide.

Lottery.com, a technology firm, changes how, where, and when people play the lottery. Through the company’s engaging mobile and internet platforms, players and business partners in the United States and overseas can purchase legally sanctioned lottery games. Lottery.com’s followers and subscribers may get real-time results on more than 800 lottery games from 40 countries.

Algorand is transforming economic models and economies of all kinds. Algorand’s high-performing Layer-1 blockchain, built by Turing Award-winning cryptographer Silvio Micali, is unrivaled in its capacity to give consumers around the world quick, frictionless, and inclusive solutions.

Lottery.com chose Algorand because of the blockchain’s focus on user security, the track record for dependable uptime, high performance, cheap transaction costs, and claimed commitment to a reduced carbon footprint, all of which they believe will improve their users’ gaming experiences.

Also, Read – With a $20 million incentive program, Algorand pushes for Ethereum compatibility

“We’ve always felt that all games would ultimately move to the blockchain due to its inherent openness,” said Tony DiMatteo, CEO and Co-Founder of Lottery.com. “Algorand was the only blockchain that met all of our criteria for use in Project Nexus. These features are critical to the success of the Project Nexus platform because of its high efficiency, low latency, scaling, and security. Our dedication to supporting our communities and the environment was reflected in the design of Algorand, which is ecologically friendly. One of the most decentralized, scalable, and safe blockchain architectures in the world, Algorand has hundreds of top enterprises across the globe using its open-source technology,”

 “We are happy to have Lottery.com as a member of our community and look forward to helping them flourish as they transition from Web 2.0 to Web 3.0.” We look forward to helping them flourish as they migrate from Web 2.0 to Web 3.0.”