Crypto-centric online gaming platform, Yeet.com, bags $7.75 million in funding to develop a casino-style experience emphasizing community involvement.
Greyhound Racing On the Decline: States and Countries Taking Action
The practice of greyhound racing is facing increasing opposition, with more states in the United States adding their names to the growing list of banablers. Arkansas lately joined the fray, becoming the 44th state to put an end to this canine sport [2][3]. The ban follows similar moves in Arizona, Colorado, Kansas, Massachusetts, and New Hampshire [3]. Wales and New Zealand have also hopped on the bandwagon, doing their part to protect greyhounds from the harsh realities of racing.
The crackdown on greyhound racing is in response to critical reports of high injury rates and dog fatalities. These incidents have sparked a wave of public outrage and pushed for stricter regulations on this sport [3].
Yeet, a new web3-focused online casino, aims to disrupt the gambling landscape by catering specifically to the crypto community [1]. The platform's unique selling proposition is rooted in its crypto-native culture, with Mando, Yeet's spokesperson, stating "Yeet's tagline is Crypto's Casino—meaning it's built by crypto people, for crypto people. We use crypto as payment rails, but it's much more than that—our brand, team, and even the games themselves are deeply ingrained in crypto culture" [1].
Although on-chain games will not debut with Yeet, they hope to introduce provably fair gaming in the future, with verifiable on-chain randomness [1].
Social Interaction and Growth Strategy
To engage its community, Yeet plans to integrate a Telegram bot that will allow users to play directly within the app [1]. This popular format, reminiscent of meme coin trading, is expected to boost user engagement and foster a sense of camaraderie [1]. To solidify its presence, Yeet will roll out a points-based rewards system that leads to an airdrop and a multi-tier affiliate program offering VIP rewards [1]. Popular crypto influencers, such as traders and meme account operators, will support its growth [1].
With U.S. residents legally barred from participating, Yeet will focus on expanding into Asia, Latin America, Africa, Canada, and select European countries, where crypto gambling is experiencing a surge [1]. The platform will accept deposits from Ethereum-compatible chains, Solana, and Bitcoin, providing gamers with flexibility [1].
By positioning itself as Crypto's Casino, Yeet hopes to carve out a niche for itself in an already crowded market dominated by players like Stake, Rollbit, and Shuffle [1]. As Yeet gears up for its debut, it's poised to ride the wave of web3-based gambling platforms eager to attract crypto enthusiasts.
Technology is at the heart of Yeet's online casino, as the platform accepts deposits from Ethereum-compatible chains, Solana, and Bitcoin, catering to the crypto community. Additionally, in the realm of casino-games, Yeet is pioneering a new wave with its crypto-native culture and unique goal to introduce provably fair gaming using technology.
