A Decentralized Gambling Platform based on Ethereum

Ethereum is an open source public blockchain platform with smart contract functions. Through its dedicated cryptocurrency Ether, it provides a decentralized virtual machine to process peer-to-peer contracts.

A large number of investors from the blockchain development ConsenSys and the venture capital fund Pantera capital raised USD 5 million in financing for VirtuePoker. Virtue Poker is a decentralized gambling platform based on Ethereum.

This platform was established in 2016 by ConsenSys’ blockchain project. In 2020, he obtained a B2C gaming service license from the Malta Gaming Authority.

The platform intends to use US$5 million to guide its plan to launch the mainnet in May this year.

“I’m excited to see the Virtue Poker team realize its mission in bringing transparency and trust to the online poker industry” said Joe Lubin, Founder of Consensys. “By working with regulators in becoming the first licensed blockchain based platform, Virtue Poker legitimizes the use of this technology in the industry long term going forward.”

Poker Hall of Fame, Phil Ivey is also the company’s shareholder and public spokesperson.

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