Crypto-centric online gaming platform, Yeet.com, raises $7.75 million to establish a community-focused digital casino.
Arkansas is joining the growing list of states outlawing greyhound racing, following the footsteps of Arizona, Colorado, Kansas, Massachusetts, New Hampshire, and more. Similar prohibitions have also been implemented in Wales and New Zealand, demonstrating a global movement against this industry.
The concern for the welfare of racing dogs has escalated due to high injury rates and dog fatalities reported in the racing industry. These worrisome trends have sparked outrage among the public and set the stage for tighter regulations.
Making waves in the crypto world is Yeet, a crypto-focused gambling platform. Mando, Yeet's team lead, explains their mission: "Yeet is all about Crypto's Casino-it's for the crypto community, by the crypto community." While the platform initially won't feature on-chain games, provably fair gaming could be introduced down the line, ensuring verifiable on-chain randomness.
To boost user engagement, Yeet plans to integrate a Telegram bot for direct in-app gaming and incorporate social interaction into gambling, a sentiment that's been popularized by meme coin trading. They will also roll out a rewards system with the possibility of an airdrop, a multi-tier affiliate program, and VIP rewards, securing support from significant crypto influencers.
Legal restrictions in the US will mean Yeet will primarily target Asia, Latin America, Africa, Canada, and select European countries where crypto gambling is picking up momentum. They will accept deposits from Ethereum-compatible chains, Solana, and Bitcoin, giving players flexibility in their gaming choices.
Chasing the ambition of standing out from established competitors like Stake, Rollbit, and Shuffle, Yeet is set to differentiate itself by embracing the crypto community, as Mando puts it: "We aren't competing with them. We're offering something they don't. We are Crypto's Casino."
As Yeet prepares for launch, it joins the rising tide of web3-focused gambling platforms aiming to capture the attention of crypto enthusiasts.
In the crowded crypto gambling market, Yeet could appeal to gamers through targeting emerging crypto markets, implementing provably fair mechanics, and combining casino games with sports betting, as seen in successful platforms like Mega Dice and CloudBet. Partnership opportunities might include teaming up with game developers for exclusive titles, integrating Layer 2 solutions for swift withdrawals, and securing white-label partnerships with sports leagues for branded betting markets.
- Despite the growing ban on greyhound racing in various states and countries, Yeet, a crypto-focused gambling platform, is aiming to differentiate itself in the crowded crypto gambling market.
- While Arkansas is joining the list of states outlawing greyhound racing, Yeet is planning to focus on Asia, Latin America, Africa, Canada, and select European countries where crypto gambling is gaining traction.
- In an effort to attract more users and stand out from established competitors, Yeet is considering partnerships with game developers for exclusive titles, integrating Layer 2 solutions for swift withdrawals, and securing white-label partnerships with sports leagues for branded betting markets, just like provably fair technology does in ensuring the verifiability of on-chain randomness.
