Decentralized P2P Betting Exchange will Skyrocket in Mid-2022: Know How?

Aver, a decentralized peer-to-peer betting exchange built on the Solana blockchain, has raised $7.5 million in seed funding, the betting and crypto platform announced on Monday. Aver bills itself as “the world’s first fully-decentralized Web3 betting platform.”

The round was led by Jump Crypto which, along with its affiliate Jump Capital, is “a key player in both the crypto and sports betting venture capital domain,” according to a press statement announcing the seed funding.

“At Jump, we are excited about the future of Web3, sports betting, and the confluence of these two areas,” said Peter Johnson, Partner at Jump Crypto. “We believe Aver’s approach to decentralized sports betting can increase transparency, reduce costs, and enable operations at a global scale.”

The seed round will be used to help bring the betting platform to market, as well as to fund development legal regulatory operating costs, explains Aver. The platform expects to launch “in mid-2022,” after a closed beta in the first quarter of 2022

According to a press release, the innovation underlying Aver is a blockchain protocol that enables peer-to-peer matching of bets in a way that does not require a “trusted middleman,” as is the case in a traditional bookmaker or exchange. This enables betting at a fraction of the cost as compared and eliminates counterparty risk.

A source at: https://www.yogonet.com/international/news/2022/01/25/61083-decentralized-p2p-betting-exchange-aver-raises--75m-in-seed-funding-ahead-of-mid2022-launch


Decentralized Exchange Development

Decentralized exchange (DEX) never stores merchants' funds in third-party wallets & merchants have full decision-making power to manage their funds with high security. The highlight of a decentralized exchange is that it never allows for the inconveniences we encounter in a traditional centralized exchange. The whole system operates based on nuclear exchange and the smart contract system. As sellbitbuy is a reputed cryptocurrency exchange development company.

we welcome innovations in the field of cryptocurrency. We acknowledge that we have been expanding our services since the beginning of 2017 and have added decentralized exchange enhancement as an essential service. With a lot of requirements and upgrades, we have improved our decentralized exchange development services by providing a unique error-free ready-made decentralized exchange script. To the opening market. 

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A decentralized Exchange processes the transactions automatically and does not require any central authority to control the transactions. The main reason to launch your DEX platform is that it involves very little expense or operational costs as compared to a traditional centralized exchange. You don't have to spend more on sophisticated servers, security, and more as DEX automates everything with minimal expenditure. As DEX involves blockchain smart contracts which initiate each transaction on the platform automatically, you can enjoy recurring revenue as there are increasing traders for decentralized exchange scripts each second.

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Sellbitbuy - Top-notch cryptocurrency exchange development service provider offers a decentralized exchange website to our customers across the globe

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Talk to our experts who are happy to help you! 

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