“Lottery.com,” a prominent lottery technology firm, today announced that it has picked Algorand’s unique blockchain to assist the development of Project Nexus, the company said in a statement. Lottery.com announced Project Nexus, a blockchain-based gaming platform, last year with the goal of operating online lotteries and other types of gaming more securely, scalable, and quickly throughout the globe.
Technology startup Lottery.com is revolutionizing the how, where, and when lottery is played. Players and business partners in the United States and abroad may buy legally sanctioned lottery games through the company’s engaging mobile and internet platforms. Lottery.com provides real-time results on more than 800 lottery games from more than 40 countries to its fans and subscribers.
Economic models and economies of all types are being transformed by Algorand. Algorand’s high-performing Layer-1 blockchain, founded by Turing Award-winning cryptographer Silvio Micali, is unmatched in its ability to provide fast, frictionless, and inclusive solutions to consumers throughout the globe.
Lottery.com chose Algorand because of the blockchain’s emphasis on user safety, track record for reliable uptime, high performance, low-cost per transaction, and claimed dedication to a negative carbon impact, which they believe would enhance their users’ gaming experiences.
“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. All of 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,”
Algorand’s Head of Business Solutions, David Markley stated “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.”