Utilizing the brand new funds, Advantage Poker plans to lastly launch its mainnet in Could 2021.

Ethereum-based Consensys poker platform Virtue Poker has efficiently pulled in a complete of $5 million in a strategic funding spherical it not too long ago concluded. The multi-chain decentralized platform obtained funding from a number of recognized traders akin to Consensys, Pantera Capital, Jez San from Funfair, and the DFG Group.

At the moment, Advantage Poker is the primary and likewise the one blockchain-based entity to obtain operational approval from the Malta Gaming Authority. The license is a B2C – Gaming Service Licence, which permits the platform to interact immediately with finish prospects. For greater than two years, each entities collaborated on a regulatory framework befitting sufficient for blockchain playing platforms. Following these rules, the corporate can totally function, making certain that every one gaming exercise it handles is free, truthful, and clear. 

Talking on these rules, CEO and co-founder Ryan Gittleson stated the platform guarantees unmatched infrastructural safety and elevated accessibility. He stated:

“Blockchain know-how supplies trendy and safe cost infrastructure that gives international accessibility to customers, in contrast to our rivals. By working with regulators to develop into a licensed on-line playing firm, Advantage Poker now has legitimacy to crossover and compete for patrons from legacy suppliers to carry blockchain based mostly wagering mainstream.”

Advantage Poker expects its transparency to draw gaming communities all around the world. Ambassador and stakeholder, Phil Ivey, has said that the corporate will develop its choices, resulting in international mainstream adoption.

Consensys’ Advantage Poker to Launch Mainnet

Utilizing the brand new funds, Advantage Poker plans to lastly launch its mainnet in Could 2021. As a part of the occasion, Ivey, who’s a Poker Corridor of Famer, together with Consensys Founder Joe Lubin, will partake in an exhibition event.

The platform has plans to correctly exploit its transparency choices, in addition to its collaboration with regulators. Lubin says that Advantage Poker’s work with regulators, together with its place as the primary licensed blockchain-basing platform, already “legitimizes” the usage of blockchain know-how within the gaming business.

In the intervening time, many individuals think about the web poker business significantly corrupt. Avid gamers consider that the web house is rife with duplicitous and untrustworthy algorithms, which take away the much-need component of transparency. Moreover, withdrawals are at the moment a giant headache for gamers. More often than not, partakers should pay unreasonable withdrawal charges to third-party intermediaries earlier than receiving their funds. 

Advantage Poker hopes to unravel these issues with its soon-to-be-launched mainnet and blockchain gaming. For the reason that blockchain is open, clear, and verifiable, shadiness on the platform will not be a priority. Moreover, the mainnet guarantees superior safety and openness by way of the Ethereum good contracts that energy the platform.

Based in 2016 inside Consensys, Advantage Poker’s mission is to supply a protected and sincere on-line poker possibility. The Advantage Poker staff boasts of achieved veterans from the poker and blockchain industries. The platform has Ryan Gittleson and Jim Berry as cofounders.

Blockchain News, Business News, Investors News, News

Tolu Ajiboye

Tolu is a cryptocurrency and blockchain fanatic based mostly in Lagos. He likes to demystify crypto tales to the naked fundamentals in order that anybody anyplace can perceive with out an excessive amount of background information.
When he is not neck-deep in crypto tales, Tolu enjoys music, likes to sing and is an avid film lover.