Lottery.com has announced that it is developing a new blockchain platform to operate lottery, sports betting, sweepstakes, and other forms of online gaming, as well as enhance the Company’s API capabilities.
Named ‘Project Nexus’, the project is in the early stages of development and is part of the company’s strategy to leverage blockchain-based technology to ‘enhance the availability and security’ of its product offering.
Lottery.com confirmed it is in discussions with ‘leading’ blockchain providers with a view to leverage the technology for Project Nexus.
Blockchain technology, Lottery.com states, will aid the transparency of the results and security of the company across its product offerings.
Once fully developed, the company plans to use Project Nexus to introduce multiple proprietary lottery games for international players with the potential for multi-billion dollar shared jackpots.
Additionally, Project Nexus is intended to be transparent in terms of customer choice, offering players the ability to use crypto payments to play these proprietary games.
“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,” said Tony DiMatteo, Chief Executive Officer and Board Chair of Lottery.com.
“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.”