"I wanted to go build something that can actually bring a billion people on chain, so they can get all the benefits of crypto."
"Megapot allows users to buy tickets from more than 150 countries, costing one dollar for the daily lottery, with 19 jackpot winners to date."
"The platform is not available in about 30 countries, including the United States, the United Kingdom, and France."
"Megapot operates on Ethereum's Base network, using stablecoins for payouts, and aims to compete with traditional lotteries."
Megapot, founded by Patrick Lung, allows users from over 150 countries to buy lottery tickets through their phones. The startup raised $5 million in funding to expand its reach. Tickets cost one dollar, and the platform has produced 19 jackpot winners. Megapot operates on Ethereum's Base network, utilizing stablecoins for payouts. Lung aims to onboard a billion people to blockchain technology. The company faces competition from traditional lotteries and plans to grow its user base with the new funding.
Read at Fortune
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