Blockchain Lottery to Fund Ethereum Developers Through Ticket Sales
A blockchain lottery plans to turn crypto gambling fees into Ethereum developer funding

Image: Coindesk
The decentralized lottery platform Megapot is collaborating with Protocol Guild to create a charity lottery that will direct ticket sales fees to Ethereum developers. This initiative aims to address the funding gap for Ethereum's core developers by turning gambling fees into a sustainable funding stream.
- 01Megapot's lottery will distribute 100% of referral fees from ticket sales to Ethereum developers via smart contracts.
- 02The lottery offers a prize pool exceeding $1.1 million and aims to support Ethereum's funding needs, estimated at $30 million to $60 million annually.
- 03Protocol Guild has provided around $38 million to Ethereum contributors since 2022 but faces challenges in securing consistent funding.
- 04The initiative allows users to engage in speculation while contributing to infrastructure funding.
- 05The model is inspired by traditional charity lotteries, ensuring transparency and reducing administrative overhead.
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Megapot, a decentralized lottery protocol, has announced a partnership with Protocol Guild to launch what they claim is the first programmable charity lottery in the crypto space. This initiative aims to address the funding gap for Ethereum developers by automatically directing 100% of referral fees from ticket sales to support Ethereum core developers. Users can purchase tickets through a dedicated portal for a chance to win from a prize pool exceeding $1.1 million. The effort responds to concerns about sustainable funding for Ethereum's infrastructure, which is estimated to need between $30 million and $60 million annually. Since 2022, Protocol Guild has distributed approximately $38 million to Ethereum contributors. Megapot CEO Patrick Lung emphasized that this model allows players to engage in speculation while also contributing to the network's development. The lottery's design mirrors traditional charity lotteries but leverages blockchain technology to ensure transparency and efficiency in fund distribution.
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