A blockchain lottery plans to turn crypto gambling fees into Ethereum developer funding
Summary
The decentralized lottery protocol Megapot has partnered with Protocol Guild to create a programmable charity lottery aimed at funding Ethereum developers. By purchasing tickets through a dedicated portal, users participate in a lottery with a prize pool exceeding $1.1 million, while 100% of referral fees are automatically funneled to developers via smart contracts. This initiative addresses the persistent challenge of funding core infrastructure in the crypto industry, where developers often earn less than their counterparts in other sectors. The project aims to provide a sustainable financial pipeline, bridging the gap between speculative gambling and public good funding.
(Source:CoinDesk)