Multichain Poker and Gaming to Launch on Binance Smart Chain

In a move that could change the way online gambling operates, the first blockchain-based poker platform is about to launch on Binance Smart Chain. This is a significant development for the crypto-gaming community and will enable Virtue Poker to reach out to a new audience of crypto-enthusiast poker players. Read the Pocket Aces Club blog for more details on this topic. 

 

The idea behind Virtue Poker is to offer a safe, honest and fun experience for poker enthusiasts using the Ethereum blockchain. The platform was developed within Consensys, a leading full stack Ethereum software engineering company and incubator founded by Ethereum co-founder Joe Lubin. The platform is backed by a host of other firms including DFG Group, Digital Strategies, Fenbushi Capital, Flurry Capital, JRR, Pantera Capital, and Phil Ivey.

 

Virtue Poker is licensed and regulated by the Malta Gaming Authority and most importantly, never has custody of players’ funds. The company recently raised $5 million in a successful investment round and completed an IDO on SuperStarter to launch publicly for real-money play in May.

 

This is an important step for Virtue Poker as it aims to disrupt the online poker industry by bringing trust and transparency through a combination of P2P networking and the verifiable nature of blockchain. This will help it bring a higher level of security and privacy to the industry, which is currently plagued by unaccountable algorithms and costly third-party payment processor middlemen.

 

With its license, Virtue Poker can now legally operate and compete in most global markets worldwide. Its team and the Malta Gaming Authority worked together for nearly two years to establish a regulatory framework suitable for blockchain based gambling applications.

 

In a move that could change the world of online gambling, the first blockchain-based poker platform is getting licensed and regulated by the Malta Gaming Authority. This is a significant step for the platform as it aims to disrupt the online poker world by bringing trust and transparency through a mix of P2P networking and the verifiable structure of the Ethereum blockchain.

 

The platform was recently included in Coinlist’s Seed Winter 2021 Batch and is now backed by notable investors, such as Pantera Capital, Consensys, DFG Group, Jez San from FunFair. The team will use the funding to bootstrap its mainnet launch, which is set for May 2021.

 

Virtue Poker is also the only licensed blockchain based poker application in the market, a fact that CEO Ryan Gittleson claims will popularize crypto-based betting. After years of consultation and hard work, Gittleson claims that the license will legitimize blockchain-based gambling in the industry long term. Join Pocket Aces clubs for better services. 

 

According to Gittleson, the license will help Virtue Poker gain the trust of current legacy gambling platforms and win over new customers. This will allow the company to create a new market for blockchain-based gambling and make the platform more profitable than its competitors.

 

The multi-chain, Ethereum-based decentralized poker platform is led by CEO Ryan Glittensen and will utilize Etherium and VPP tokens to operate its gaming operations. The company plans to launch its mainnet in May 2021 and will host an exhibition tournament with poker pros such as Phil Ivey, Joe Lubin, and other well-known figures. Find out more details in relation to this topic here: https://www.britannica.com/topic/poker-card-game.