The desire to become wealthy is a common trait among all humanity, but substantial jackpot prizes are not found everywhere. Most lotteries are limited to specific states or countries, which restricts the scale of their prizes. To address this, Megapot is creating a global lottery that people from most countries can participate in through their mobile phones. Our initial lottery jackpot exceeds $1 million, and in terms of jackpot size, it ranks among the largest lotteries in the world.

Today, we officially announce that Megapot has completed a $5 million Pre-seed financing round led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and founders of global gaming brands FanDuel, Betfair, Flutter, and MyPrize.

Megapot was initially launched as an experiment by me to test the feasibility of internet lotteries. Soon, as players from various countries around the world began to flock in and the jackpot kept accumulating, I clearly realized that existing lotteries are still too localized, and I started to believe that there is a grander future here.

Megapot's long-term vision is that the internet will eventually converge into a single global lottery event, becoming a daily ritual for millions of people to stop and check their phones at the same time to see who has just become a billionaire. The inspiration for our team comes from viral daily games like Wordle and HQ Trivia.

One of our players, John B, has participated in Megapot for 30 consecutive days in Nigeria, where there is no national lottery. He started participating because he wanted to gain wealth that could change his fate, and he continues to play because it is very simple to operate via mobile.

While some players play every day, others have immediately struck lucky. An anonymous first-time player won $207,076 and referred to it as "absolutely legendary." Since 2024, Megapot has attracted players from 124 countries and has produced 19 jackpot winners.

Today, we are launching a global lottery completely restructured for the internet age. Our team members include former employees from Uniswap, PoolTogether, Microsoft, and BuzzFeed. This funding will help us expand Megapot globally, launch a brand new gaming experience, and make it easier for developers and distribution partners to build on our platform.

Head over to megapot.io to participate in the game.

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