New Crypto Casino and Sportsbook Yeet.com today announced its $7.75 million in a funding round led by Crypto Venture Fund Dragonfly, and its participation from prominent angel investors such as Pudgy Penguins CEO Luca Netz and Layerzero CEO Bryan Pellegrino.
The company is based on famous crypto personality Michael Anderson, pseudonymous trader keyboard monkey and professional poker player Benlam.
(Disclaimer: Anderson is a Dustan investor; Decrypt’s Parent company. President Dastan Farov Salmad is also an investment. )
“Yette’s catchphrase is a crypto casino, meaning it’s built by crypto people for crypto people,” said Anderson, known among crypto enthusiasts as Mando. Decryption. “We use Crypto as our payment rail, but that’s more than that. Our brand, our team, and even the game itself are deeply ingrained in the crypto culture,” he said.
The gambling platform offers a variety of traditional casino games, such as blackjack and roulette, along with new games that focus on new cryptography. For example, users can be involved in the mint experience of NFT, meme coin trading, and “hard” casino games with “hard” defi.
First, Yett will focus on providing an interesting and Heiger gambling experience rather than on-chain games, but in the future it may be possible to incorporate empirically fair games via on-chain verifiable randomness (VRF).
“Crypto users love risk. They already exchange 100x leverage, buy random meme coins, and gamble everything from crypto NFTs.” Decryption. “Crypto needs entertainment, and when trading slows down like it is now, we all want a fun, fast-paced gambling experience, but there are people who feel that they are born into our world.”
Where Crypto users are, the casino and its upcoming sportsbooks will provide access to the site via Telegram bots. This is a trend that has become popular in the Meme Coin Trading application, where users can buy and sell tokens directly from popular messaging terminals.
Co-founder Ben Lamb hopes that the brand’s deep native crypto roots and culture will help attract new market shares when it comes to competing with well-known crypto casinos such as Stocks, Shuffle and Rollbit.
“Yett stands out for being a deep code native,” Lamb said. Decryption. “Yette is not trying to compete with these platforms,” he said. We are a crypto casino. ”
Lamb also pointed out the casino’s plans to offer “shit” of the crypto space, traders and founders, and multitier affiliate programs and extensive VIP reward programs, and initial points programs that will lead to airdrops. “Wen Token?” he said.
Under Yeet’s Anjouan and Curacao licenses, US residents are not eligible to play in Yet. Instead, the platform will focus on “a part of the European market where demand for Asia, Latin America, Canada, Africa and crypto casinos is currently booming.”
Yeet users can deposit funds into multiple Ethereum compatible chains, Bitcoin, and Solana.
