Because of the growing popularity of Blockchain Technology, new use cases are being introduced to the world everyday. Take for instance the Metaverse which is on the blockchain. It is a hypothesized iteration of the internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets. Another recent introduction is non-fungible tokens (NFT’s) a unique and non-interchangeable unit of data stored on a digital ledger.
Since blockchain technology has become mainstream, several platforms in the gambling industry have employed it in their practices. There are a number of online casinos that allow gambling with cryptocurrency, and some lottery platforms even employ blockchain technology. For example there is Lotto 6/49, Pool Together, and now we have Magic Lotto.
Magic Lotto is a lottery platform built on Qchain. It is the world’s first online lottery based on latest generation blockchain technology, providing a system of unlimited scaling. It also allows players to increase their chances of winning by inviting their friends to register and participate in the lotto through its affiliate program.
Qchain is a blockchain-powered branded content, influencer marketing, and sponsorship purchasing platform, built on the Ethereum and NEM blockchains. Provides a direct-buy marketplace that enables advertisers and publishers to transact in digital and analogue content.
Blockchain technology could transform the lottery gaming industry altogether. Embracing distributed ledger technology (DLT) that relies on smart contracts. Blockchain lottery uses this technology to create a trustless platform where the entire process is transparent. Since the blockchain is a decentralized and public platform, everyone can see the odds of winning, transactions, number of players, among other things.
