Lottery.com announced on Thursday that it has selected Algorand’s blockchain to support the development of Project Nexus. Announced last year, Project Nexus is a blockchain-based gaming platform that is being developed by Lottery.com to operate lottery and other forms of online gaming worldwide with enhanced security, scalability, and speed.
With the aim of creating an environmentally sustainable platform that improves users’ gaming experiences, Lottery.com selected 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.
https://t.co/zoUjkqeuAO advances Project Nexus with the selection of Algorand to power blockchain-based gaming platform.This technology contains high efficiency,low-latency,scalability & security; all key attributes for games we expect to grow $LTRY https://t.co/Ed9a3IRXaK— Tony DiMatteo (@tonydimatteo) February 24, 2022
Tony DiMatteo, CEO and Co-Founder of Lottery.com, commented: “We’ve long believed that all gaming will eventually migrate to the blockchain because of its inherent transparency. In selecting a blockchain for Project Nexus, Algorand checks all the boxes we were seeking. Its technology contains a combination of high efficiency, low latency, scalability, and security, all of which are key attributes for games we expect to grow on the Project Nexus platform. Additionally, Algorand was designed to be environmentally friendly, which aligns with our commitment to support our communities and the environment.”
David Markley, Head of Business Solutions at Algorand, said: “As one of the world’s most decentralized, scalable, and secure blockchain infrastructures, Algorand has thousands of leading organizations around the world leveraging its open source technology. We welcome Lottery.com to our community and are excited to support Lottery.com’s growth as they embark on their Web 2.0 to Web 3.0 transformation.”