{"id":224900,"date":"2021-04-12T16:54:04","date_gmt":"2021-04-12T13:54:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/consensys-backed-poker-platform-secures-5m-investment\/"},"modified":"2021-04-12T16:54:04","modified_gmt":"2021-04-12T13:54:04","slug":"consensys-backed-poker-platform-secures-5m-investment","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/consensys-backed-poker-platform-secures-5m-investment\/","title":{"rendered":"# ConsenSys-backed poker platform secures $5M investment"},"content":{"rendered":"<p>&#8220;<strong># ConsenSys-backed poker platform secures $5M investment <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvZmVmNGJlZmItZmFkZC00MzM0LTk1YmYtYmQ2ZGY1YTllNDIzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Ethereum infrastructure firm ConsenSys and venture capital fund Pantera Capital have led a group of investors in a $5-million funding round for Virtue Poker, according to an announcement on Monday.<\/p>\n<p>Other participants in the strategic investment round included blockchain investment outfit DFG and FunFair founder Jez San.<\/p>\n<p>Virtue Poker, an Ethereum-based decentralized poker platform, was founded back in 2016 within the ConsenSys suite of blockchain projects. Back in 2020, the company secured a B2C \u2014 Gaming Service License from the Malta Gaming Authority.<\/p>\n<p>The $5-million investment will be used to bootstrap the mainnet launch of the blockchain poker platform scheduled for May 2021. The mainnet launch comes after four years of development and two years of beta testing.<\/p>\n<p>According to Ryan Gittleson, CEO of Virtue Poker, the company\u2019s status as a licensed operator provides a suitable platform to challenge legacy providers for players. According to Gittleson, Virtue Poker will lead the charge to make crypto wagering mainstream.<\/p>\n<p>Commenting on the $5-million funding round and the plans to release the mainnet platform, ConsenSys founder Joe Lubin remarked:<\/p>\n<blockquote><p>\u201cI\u2019m excited to see the Virtue Poker team realize its mission in bringing transparency and trust to the online poker industry. By working with regulators in becoming the first licensed blockchain-based platform, Virtue Poker legitimizes the use of this <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> in the industry long-term going forward.\u201d<\/p><\/blockquote>\n<p>Poker legend Phil Ivey, an ambassador for the company, also commented on the project\u2019s progress, stating that Virtue Poker will play a \u201cmajor part\u201d in the future of poker.<\/p>\n<p>Poker and the crypto space have a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sourceforge.net\/p\/bitcoin\/code\/1\/tree\/trunk\/uibase.cpp\">storied history<\/a> with Bitcoin (BTC) creator Satoshi Nakamoto, which includes\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/sourceforge.net\/p\/bitcoin\/code\/1\/tree\/trunk\/uibase.cpp\">scraps of code<\/a> for an online poker <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> in the first iteration of the Bitcoin code.<\/p>\n<p>Back in April 2020, crypto charity outfit The Giving Block partnered with many industry stakeholders to organize an online poker game to raise funds for nonprofits helping to combat the coronavirus.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/consensys-backed-poker-platform-secures-5m-investment\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# ConsenSys-backed poker platform secures $5M investment &#8221; Ethereum infrastructure firm ConsenSys and venture capital fund Pantera Capital have led a group of investors in a $5-million funding round for Virtue Poker, according to an announcement on Monday. Other participants in the strategic investment round included blockchain investment outfit DFG and FunFair founder Jez San&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":224901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvZmVmNGJlZmItZmFkZC00MzM0LTk1YmYtYmQ2ZGY1YTllNDIzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76402,74891,117,72967,80],"class_list":["post-224900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-consensys","tag-ethereum","tag-business","tag-gambling","tag-games"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=224900"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/224901"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=224900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=224900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=224900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}