Unikrn Gets World-First Crypto Gambling Licence

Mia Gardner | 31 Oct 2018

Unikrn ImageUnikrn has received its first ever licence, giving its users the green light to transact in cryptocurrency. Being the first ever-live online wagering company in the world to receive such a licence from the Isle of Man, the brand is harnessing blockchain technology to prove itself honest.

As Unikrn’s backend system is able to process 9000 wagers per second, it is creating a record of transactions that cannot be changed or deleted. As a result, anyone can confirm that a transaction actually took place, and is able to view winnings and access money easily.

Security is more of a guarantee in a decentralized structure. Most certainly the advantages are that its players are able to play anonymously without having to create an account and input their personal details to verify it.

eSports Division Set To Début

Unikrn’s move to cryptocurrency comes hot on the heels of the company’s decision to launch its eSports division in the near future. The concern has financial backup from Sound Ventures’ power trio, Guy Oseary, Mark Cuban and Ashton Kutcher. Kutcher - well known for his film career - launched Sound Ventures, a fund backed by institutional funding, in 2015.

The brand’s global platform will be able to offer the most comprehensive offering for eSports and video games, and will cover the likes of Fortnite and League of Legends. Unikrn in Seattle already has created an online platform where you can bet on matches with your favourite eSports athletes in games such as Counter-Strike Global Offensive, Dota 2, and others.

A venture capitalist who has invested in several successful high-tech start-ups - Skype and Airbnb among them - Kutcher’s investment is right on the money with the newly acquired crypto-gambling license, especially since as much as tens of millions of people regularly watch matches for fun.

Huge Future Growth Forecast

The convergence of eSports with the cryptocurrency sector is a breakthrough with monumentally positive consequences for Unikrn, which is focused on the growth of its own cryptocurrency rather than on profits taken from gamblers.

Talks are on going as to whether they will eventually revert to only using cryptocurrency as their official form of transaction. Most certainly it would transform the way in which users interface with its online gambling site. Because of blockchain technology, it would open a window of opportunity for anyone wanting to become a member of a casino, and even for those looking to fund a casino and enjoy profit shares.

Sources:

https://venturebeat.com/