Lottery.com Inc. announced on Monday (Nov. 8) that it is working on a platform to operate lottery, sports betting, sweepstakes and other forms of online gaming and to enhance the company’s API capabilities. The multi-year project, called Project Nexus, is in the early stages.
The initiative is part of Lottery.com’s focus on incorporating blockchain-based technology to improve the reach and security of its suite of products.
Project Nexus’ blockchain-based elements give Lottery.com more transparency into results and better security of its gaming options. Once it’s completed, Project Nexus will roll out multiple proprietary lottery games for players outside the U.S., including a chance for multibillion-dollar shared jackpots, with the option to allow users to designate some of the money to social and environmental causes.
Players will be able to pay for their game plays with fiat or cryptocurrency, giving more people the option to participate.
“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, CEO 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,” he continued. “Gaming is an excellent use for blockchain, and we intend to leverage this technology to improve security for players worldwide.”
Related news: GameStop Opens NFT, Web3 Opportunities
Meanwhile, video game retailer GameStop is looking to fill several open positions for its non-fungible token (NFT) platform and Web3 gaming. Among GameStop’s 6,916 job openings, eight recent openings include product marketing directors for GameStop’s NFT platform and NFT software engineers and Web3 gaming heads.
GameStop closed 462 stores last year and closed more than 1,000 retail outlets in March as part of a transition to a stronger eCommerce focus. It also debuted the GameStop NFT website and a plan to hire staff to create a platform for the tokens last spring.
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