13 hours ago
🔍 The GambleFi, trend or bullshit?
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
1 day ago
🐧🚀 PengyOS: Your Solana HUB for memes, dApps & more!
Time for web3 memecoins to rise!
Pengy is becoming the star of Solana, taking over Europe & soon the globe🌍.
After a dance-off in the Balkans, the Degen king & crew are ready for the world!🌟🎉
Time for web3 memecoins to rise!
Pengy is becoming the star of Solana, taking over Europe & soon the globe🌍.
After a dance-off in the Balkans, the Degen king & crew are ready for the world!🌟🎉
1 day ago
🤝 Fidelity International and Sygnum partner with Chainlink to provide onchain data for Fidelity International.
“Fund tokenization is probably the biggest digital asset trend happening today, and it’s a big confirmation that global asset management companies are entering this growing market”
says Sergey Nazarov, Co-founder of Chainlink.
https://x.com/chainlink/st...
“Fund tokenization is probably the biggest digital asset trend happening today, and it’s a big confirmation that global asset management companies are entering this growing market”
says Sergey Nazarov, Co-founder of Chainlink.
https://x.com/chainlink/st...
1 day ago
🚨 More than 50% of US hedge funds are exposed to #Bitcoin
13 of the top 25 US hedge funds own Bitcoin ETFs as of the end of Q1 2024.
Among them was Millennium Management, which held 27,263 BTC, worth $1 .69 billion, or about 2.5% of its total assets under management worth $67 .7 billion.
On the other hand, some of the major hedge funds, such as Bridgewater Associates, AQR Capital Management and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.
13 of the top 25 US hedge funds own Bitcoin ETFs as of the end of Q1 2024.
Among them was Millennium Management, which held 27,263 BTC, worth $1 .69 billion, or about 2.5% of its total assets under management worth $67 .7 billion.
On the other hand, some of the major hedge funds, such as Bridgewater Associates, AQR Capital Management and Balyasny Asset Management, have not yet invested in Bitcoin ETFs.
2 days ago
Backpack Exchange is taking steps to establish itself as a fully regulated and compliant trading platform in a bid to solidify user trust and bring greater regulatory clarity and audit integrity to the exchange.
BackPack announced the appointment of Citibank Executive Laurence King as the company’s Head of Audit.
King brings almost 30 years of experience leading audit and risk functions at heavyweight global financial institutions. Joining the Backpack team, King will spearhead the exchange’s mission to implement industry-leading internal audit practices, ensuring that the Backpack remains compliant with stringent regulatory requirements across different jurisdictions.
With such a prestigious name in, they're on the right track.
Also, Blinks by dialect are now live in Backpack 🎒
The easiest way to interact with Solana apps directly from social platforms and messaging apps.
BackPack announced the appointment of Citibank Executive Laurence King as the company’s Head of Audit.
King brings almost 30 years of experience leading audit and risk functions at heavyweight global financial institutions. Joining the Backpack team, King will spearhead the exchange’s mission to implement industry-leading internal audit practices, ensuring that the Backpack remains compliant with stringent regulatory requirements across different jurisdictions.
With such a prestigious name in, they're on the right track.
Also, Blinks by dialect are now live in Backpack 🎒
The easiest way to interact with Solana apps directly from social platforms and messaging apps.
11 days ago
I'm seeing a lot of FUD on the Solana blockchain as a result of the significant 38% drop in price and market cap
A ball can never go higher without first touching the ground.
Do with this information whatever you please.
A ball can never go higher without first touching the ground.
Do with this information whatever you please.
11 days ago
Bonfida the name service platform on Solana has announced the expansion of Solana Name Service to #Base
There you'd get
➢ Cross-chain identity
➢ Enhanced user experience
➢ Boosted adoption
These are advancements that align with the mission of global decentralized identities, anchored by Solana as the definitive source.
There you'd get
➢ Cross-chain identity
➢ Enhanced user experience
➢ Boosted adoption
These are advancements that align with the mission of global decentralized identities, anchored by Solana as the definitive source.
21 days ago
Franklin Templeton Digital Assets, the digital asset arm of global investment management organization Franklin Templeton with over $1 .5 trillion in assets under management, has publicly shown its interest in the Solana ecosystem with a focus on DePINs.
In a report, Franklin Templeton Digital Assets discusses world of DePINs on the Solana network, with emphasis on two projects: Hivemapper and Helium dealing with global mapping and telecommunication respectively.
In a report, Franklin Templeton Digital Assets discusses world of DePINs on the Solana network, with emphasis on two projects: Hivemapper and Helium dealing with global mapping and telecommunication respectively.
21 days ago
SolanaPay powered by Helio is a means to pay for goods you purchase using crypto tokens.
It offers merchants perks such as:
•Reduced fees
•Instant payouts
•No chargebacks
&
•Global reach.
SolanaPay has been operating on Shopify and recently, new features have been added to make user experience even better.
Some of these features includes; Acceptance of a wide range of tokens, Stablecoin payouts in various currencies, Sub-1-second transactions, Premium offers for NFT holders and many more.
This form of Crypto Commerce would definitely elevate user buying experience.
It offers merchants perks such as:
•Reduced fees
•Instant payouts
•No chargebacks
&
•Global reach.
SolanaPay has been operating on Shopify and recently, new features have been added to make user experience even better.
Some of these features includes; Acceptance of a wide range of tokens, Stablecoin payouts in various currencies, Sub-1-second transactions, Premium offers for NFT holders and many more.
This form of Crypto Commerce would definitely elevate user buying experience.
22 days ago
Today, Solana Labs has announced the launch of Bond, a platform where global brands have the opportunity to elevate customer engagement.
Bond uses the blockchain to create personalized, and engaging digital experiences to ensure unique connections with the customers.
Bond uses the blockchain to create personalized, and engaging digital experiences to ensure unique connections with the customers.
2 months ago
Houston, we have a problem... Marvin found a space wool ball to play with!
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#CryptoCurrency #CryptoTrading #BlockchainTechnology #BitcoinNews #Solana #Investing #CryptoCommunity
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#CryptoCurrency #CryptoTrading #BlockchainTechnology #BitcoinNews #Solana #Investing #CryptoCommunity
2 months ago
🌍🚀 $BOBE isn't just a token – it's a global sensation! 💫💼 From Miami to Dubai, Dubai to Bali, our reach knows no bounds as we redefine the future of finance! 💎🌟 Join us as we make waves across continents and lead the charge towards crypto greatness! 🌍🚀 #BOBEglobal 🌴🏙️
You want to know more about $BOBE CTO ? Come Join our TG :
https://t.me/BOBECOINCOMMU...
You want to know more about $BOBE CTO ? Come Join our TG :
https://t.me/BOBECOINCOMMU...
2 months ago
I’m going to be the first to shill $GOL on here. The biggest football coin backed by a handful of top footballers and some of the biggest names on CT right now.
The euros are just around the corner and I only see this going higher ⚽️
CA: 9sjyR4GrozeV8a9xM3ykKPGPXJYASy9AuufzefCyaCnP
TG: https://t.me/Golazosol
The euros are just around the corner and I only see this going higher ⚽️
CA: 9sjyR4GrozeV8a9xM3ykKPGPXJYASy9AuufzefCyaCnP
TG: https://t.me/Golazosol
2 months ago
Bullish news: You can now topup your wallet with $SOL !
Use your wallet balance to:
1 - Advertise on the platform
2 - Get a premium account
3 - Get a verified badge
4 - Subscribe to creators
Give it a try https://bullverse.io/walle...
Only available on desktop for now !
Use your wallet balance to:
1 - Advertise on the platform
2 - Get a premium account
3 - Get a verified badge
4 - Subscribe to creators
Give it a try https://bullverse.io/walle...
Only available on desktop for now !
