As a seasoned blockchain analyst with years of experience in the crypto industry, I have seen my fair share of betting platforms and decentralized finance (DeFi) projects. Zeebit’s announcement of its launch on Solana’s Sonic Layer-2 platform is an exciting development that addresses many of the shortcomings of centralized crypto betting apps.
Today signifies a significant milestone for Zeebit as they officially introduce their highly anticipated product: the inaugural decentralized “risk-on microgaming platform” operated on the Solana blockchain.
Zeebit built its platform on Solana to take advantage of the unique capabilities of the Solana Virtual Machine and Sonic’s infrastructure platform. Sonic is a scalable Layer-2 built atop of Solana to support high-volume dApps, with rapid transactions processed in under a second and ultimately settled on the main Solana chain.
Zeebit announced plans to transition its current platform from the Solana blockchain as its base to Sonic, aiming to boost both functionality and speed without losing any previous player records, statistics, or points.
Zeebit, as a decentralized blockchain gaming platform, provides an abundance of games, each offering significant benefits compared to the widely used, centralized cryptocurrency betting platforms leading in the CasinoFi sector.
One issue with using centralized crypto betting apps is the opacity surrounding gaming results, and they share drawbacks similar to conventional betting apps and sportsbooks, such as censorship and account restrictions, sometimes even closing profitable gamblers’ accounts. These platforms also pose risks since they manage users’ funds and can restrict access to accounts without notice. Furthermore, transactions may be slow for deposits and withdrawals.
Zeebit posits that its permissionless betting platform outshines competitors in numerous aspects, featuring provably fair and random game outcomes ensured by smart contracts and verifiable random functions (VRF). The games operate on transparent processes, guaranteeing each result’s impartiality. Additionally, the decentralized nature of Zeebit eliminates issues related to account restrictions and suspensions. Users place bets directly from their digital wallets into the platform’s smart contract, and winnings are automatically returned to their wallets if successful. Consequently, trusting a third party with funds is no longer necessary.
Among the benefits are the absence of any sign-up ordeal that may infringe upon privacy, and no Know Your Customer (KYC) procedures whatsoever. Zeebit, advocating for responsible gambling, offers an exclusive XP system and innovative incentives for users as they progress, accepting various cryptocurrencies with seamless multichain conversion. Additionally, the platform is planning to implement a revenue-sharing model, while governance through NFTs and on-chain launches are part of their future plans.
Bayzian, a significant figure at Zeebit, announced that the transition to Sonic was facilitated by recent improvements to Support Vector Machines (SVM) from Zeebit. These enhancements allowed for the unlocking of novel gaming experiences. With Zeebit being among the initial game platforms debuting on Sonic, users will have an early chance to explore Sonic’s offerings and contribute to its development.
As a researcher studying the developments at Zeebit, I can share that the company intends to roll out its updated platform on the Sonic testnet within the next few weeks. Upon this launch, users will have access to an array of offerings including classic games like Baccarat, Blackjack, Coin Flip, Crash, Dice, Limbo, Mines, Plinko, and Roulette. Following the testnet debut, Zeebit aims to introduce its platform on the Sonic mainnet, accompanied by an expanded game library and incentivized campaigns. These initiatives are designed to foster increased engagement through rewards such as Zeebit Points and Sonic Rings.
Chris Zhu, the CEO of SonicSVM, expressed his excitement over Zeebit’s debut on their platform, as this project is spearheaded by a proficient team with a strong technical background. They not only possess a deep understanding but also aim to harness the advantages of Solana’s Web3 technologies.
He expressed his eagerness to witness the Zeebit team bring their vision to life – creating a clear, equitable, and enjoyable gaming platform on Sonic. They will serve as a trailblazer in the Sonic community, leveraging the tailored Sonic gaming infrastructure, seamlessly integrating with the broader Solana ecosystem.
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2024-07-18 17:02