Tag: DAOWallet

Trustbet.io Becomes First Brand to Launch on DAOPlatform

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DAOPlatform which is one of the partners of renowned crypto-first company DAOGroup has recently welcomed Trustbet.io to its pioneering online gambling platform. The online gambling operator becomes the very first betting brand to go live on the DAOBet blockchain-based online gambling platform. Needless to say, this is a pretty huge move for both companies as they seek to expand their footprints further in the rapidly-growing crypto-powered iGaming sector.

Trustbet.io’s Expansion Plans

For Trustbet.io, this represents a unique opportunity that will see it benefit from the pioneering online gambling platform while getting to leverage all of the various synergies available on the DAOBet blockchain. The online gambling operator is pretty young and this partnership will certainly act as a catalyst of sorts to its growth.

Thankfully, the Trustbet team was treated to exceptionally rapid deployment with the main points of focus being natively agile design as well as the easy-to-configure deposit and max bet limit feature which comes into play during game selection.

Trustbet.io initially went live via a community-focused launch in mid-August – this turned out to be very successful thus prompting the company to extend its footprint further across a number of jurisdictions including markets in Africa, the CIS, Europe as well as Latin America.

At launch, the online gambling platform online had five casino games to offers its customers. These were Blackjack, Dice, Baccarat, Three Card Brag, and High Card. All of them featured tamper-proof on-chain Random Number Generators (RNGs) that have been certified and approved by GLI. Moreover, the online gambling platform also lets customers enjoy several other perks including instant payouts, no deposit requirements, ultra-fast game finality as well as low-cost transactions.

Another Huge Leap for DAOGroup

Needles to say, the launch of the online gambling site om DAOPlatform is definitely a huge deal for the company. DAO has been working very hard to push its blockchain-based ecosystem and robust range of products and this will assist with that significantly.

“We’re very excited to showcase the DAOPlatform and its cutting-edge performance with such a quality brand as TrustBet.io; and, with their initial success proving the product, we look forward to rolling it out to further brands and help shape the future of iGaming,” DAOGroup’s CCO Glen Bullen commented.

One of the other things that DAOGroup will be pushing as part of its new deal with Trustbet.io is its crypto-fiat gateway DAOWallet. This is a very exciting development for the crypto industry as a whole especially because it implies that even more people or gamblers, in this case, are going to have access to digital currencies.

DAOGroup Sets Sights on The Growing Sports Betting Sector

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The growth of the mainstream sports betting industry has caught the attention of renowned online gambling digital currency and blockchain solutions provider, DAOGroup. Now, the company is doubling down on its efforts in the hopes of getting even more out of the growing sector.

The first move that DAOGroup is pursuing in its quest to capitalize on sports betting is strengthening its business development team. This came in the form of two new hires – Yelena Kensborn is the group’s new Sales and Marketing Director, while Adam Lee will be taking up the role of the Business Development Manager.

According to the DAOGroup CCO Glen Bullen, the decision to strengthen the company’s commercial team further could not have come at a better time. With such a robust team, they will now be able to effectively tailor their decisions to boost brand presence and cater to the needs of their customers. Many gaming operators are ramping up efforts to integrate crypto-gaming products in anticipation of the return of sports-related gambling activities.

“We’re here to help the industry benefit without the compliance headache, and I’m thrilled to be welcoming Yelena and Lee aboard. Both are strong individuals with proven credentials who will no doubt be key in helping our partners appeal to an even broader player base as mainstream betting returns,” Glen Bullen commented.

DAOGroup already has quite a neat portfolio of crypto-based products. Earlier this year, it launched DAOWallet, its flagship product. Gaming operators have shown a great deal of interest in the product owing to the fact that it does not require them to conform to addition AML and compliance procedures. The solutions provider has integrated all necessary features to ensure it is safe to use for both gamblers and operators.

Crypto and The Rise in Online Gambling

Needless to say, the rise of online gambling was inevitable. However, it is safe to say that the coronavirus pandemic may have catalyzed the process and now some crypto betting sites are experiencing an unprecedented surge in player traffic.

Many of these new-age and futuristic online gambling platforms now have to deal with issues related to transaction processing while at the same time tailoring newer and more competitive products. This is, of course, a good thing especially because it will hasten the growth of the crypto betting sector as well as the mainstream adoption of digital currencies.

Thankfully, a lot of improvements are already being put in place. Moreover, even traditional iGaming businesses are beginning to take crypto very seriously.