iGaming cryptocurrency and blockchain solutions provider DAOGroup has unveiled what it says is the industry’s fastest blockchain-based platform. 

According to the Singapore-based company, its platform, which offers transaction times as short as a second, has been designed to “revolutionise” mainstream blockchain-based gaming.

DAO’s platform is available as a white label solution, enabling operators to offer no-deposit gaming and real-time payouts in what it says is the industry’s “first workable format.” 

By making use of super-fast finality to determine a provably fair outcome almost instantaneously, DAO’s platform eliminates the need for players to deposit funds ahead of playing. Instead, winnings and losses are taken or added to players’ digital wallets via the use of smart contracts.

DAO’s hyper-fast solution overcomes the problems stopping other blockchains from being used effectively for iGaming – for example, Ethereum can take over 15 minutes to reach any level of probabilistic finality. 

Discussing the news DAOGroup CCO, Glen Bullen, said:

“We’re dedicated to transforming the iGaming industry’s understanding and use of cryptocurrency and blockchain technology, with the launch of our platform coming at a pivotal time when that conversation is returning to the mainstream. 

“Crypto-based gaming has proved bullish in the last few months and we’re here to start bringing its benefits into the mainstream for operators. 

“As well as offering an entire ecosystem for the development and migration of blockchain-based games, we’re able to offer the industry’s fastest and most reliable platform with no-deposit mechanics and real-time pay outs.”

Earlier this year, the company also unveiled its DAOWallet, which delivers an advanced cryptocurrency-fiat gateway, enabling operators to offer third-party crypto transactions without the need for additional AML and compliance procedures. 

AYO.NEWS says:

If DAOGroup’s blockchain platform lives up to its promises, it clearly has the potential to catalyse the mainstream adoption of blockchain and smart contract tech in the iGaming space. 

Staying with DAOGroup, in June the company announced it had entered a referral agreement with PartnerMatrix. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2020