Divvy Raises $2M in Seed Investment Led By Shima Capital
Divvy has successfully raised $2M in seed investment led by Shima Capital and some notable crypto investors participated includes are NetZero Capital, Big Brain Holdings, Bixin Ventures, Graviton Fund, CSPDao, Zoomer Fund, and LD Capital.
Divvy secured $2M in funding to prepare for its Mainnet launch coming in the second quarter of this year. Divvy is a proprietary sportsbook and casino ecosystem secured by the Solana blockchain.
The funding contributes to building out the fully-remodeled Mainnet and additions to the core team to manage the launch and operation of the platform.
Divvy’s mission is to build a better gambling experience where the odds are in the bettor’s favor.
Yida Gao of Shima Capital says, “We clearly see the need to fill this gap in sports betting. With so many downsides to traditional bets, Divvy is well positioned to carry sportsbooks into the future. They have built a great solution for an incredibly challenging problem.”
Online gambling websites have seen tremendous growth this decade, due to their ease of use, overall accessibility, and the global pandemic that forced most of the world to quarantine at home for lengthy periods. At the same time crypto has taken the world by storm as the benefits of decentralized currencies are becoming widely known and their use mainstream (parallel to the rise of the Internet in the 1990’s). Divvy combines the best of both worlds: the convenience of betting from anywhere in the world with the power of anonymity, lightning speed, fast payouts, and the ability for users to be the house. Divvy offers all of this without the excessive fees and intrusive personal identification requirements of a typical online sportsbook.
Divvy offers a full array of betting opportunities for the Solana community. Users simply attach their crypto wallets to the web3 Dapp and place wagers in a few clicks. Wagers are immediately secured on the blockchain and once the contest is completed, payouts are quickly transferred directly into the users’ wallets. Investors can join the Divvy liquidity pool and reap the rewards of ‘Being the House’ in a next generation sportsbook and casino. NFT enthusiasts will be pleased to find that Divvy offers a striking collection of NFTs that offer a wide variety of perks, including free bets, reduced vigorish, and access to invite-only events and contests.
ABOUT DIVVY
Divvy is bringing DeFi to the gambling world to redefine the way people bet. Together, they’ll create a completely decentralized protocol. Divvy is governed by a Decentralized Autonomous Organization (DAO). Anyone can become a part of the Divvy DAO by providing liquidity to the House and staking the House tokens to mine $DVY. The $DVY token is the native governance token of the Divvy ecosystem. It is used to represent voting rights in the DAO, and plays a significant role in Divvy ecosystem governance.
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