Cryptocurrency News

$5 Million in Investments Secured by Poker Platform Backed by ConsenSys

As per the latest reports, Virtue Poker has made an announcement of a successful funding round that has recently been concluded. Virtue Poker has revealed that it has successfully generated $5 million in funds from the particular funding round.

The firms that have led the funding round for Virtue Poker include Pantera Capital, a venture capital firm, and ConsenSys, which is an Ethereum infrastructure firm.

The announcement around the success of the funding round was made by Virtue Poker on Monday, April 12, 2021.

The virtue Poker team has confirmed that there were other participants who participated in the funding round as well. Some of the most prominent entities in the funding round were Jez San, founder of FunFair, and blockchain investment outfit, DFG.

Virtue Poker is not a new poker platform in the blockchain industry as it was founded back in 2016. Virtue Poker is a poker platform that was based on the Ethereum network, which is decentralized in nature. It was back in 2020 when Virtue Poker had Malta Gaming Industry grant it a Gaming Service License (B2C).

The team at Virtue Poker has also confirmed what they plan to do with the money they have raised through the funding round. The company will be using these funds in order to fast-track the development work on the blockchain poker platform.

The company has revealed that it wants to launch the mainnet of the poker platform on the blockchain network by May of 2021. Virtue Poker’s development team has revealed that they had been working on the development of the project for 4 years. On top of that, they have taken the project through extensive beta testing in the past couple of years.

The CEO of Virtue Poker, Ryan Gittleson also talked about the project and where they see it in the coming years. Gittleson stated that the best thing about Virtue Poker is that it is a licensed operator for poker games. This would definitely help the project in expanding its services in different parts of the world.

Furthermore, the game will be able to compete with major poker game providers from all over the world. With time, the platform will have many Virtue Poker players that will compete with poker players from all over the world.

He stated that as of now, the concept of wagering through cryptocurrencies is very small and unnoticed. Their aim is to make the Virtue Poker project a huge success, which would eventually turn out to be the main source of mainstream adoption for the platform.

They are hoping that Virtue Poker will be able to lay the foundation for cryptocurrencies in the world of wagering.

Joe Lubin, the founder of ConsenSys also stated that they are excited to have contributed to the development of Virtue Poker. They are hopeful that with this funding round, the Poker team will be able to achieve what they have claimed.

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