Source: Depositphotos
Today marks a pivotal moment for Zeebit, which has announced the long-awaited launch of what it says is the first fully decentralized “risk-on microgaming platform” on the Solana blockchain.
Zeebit built its platform on Solana to take advantage of the unique capabilities of the Solana Virtual Machine and Sonic’s infrastructure platform. Sonic is a scalable Layer-2 built atop of Solana to support high-volume dApps, with rapid transactions processed in under a second and ultimately settled on the main Solana chain.
Zeebit said it’s migrating its existing platform from the foundational Solana blockchain to Sonic in a move that will enhance both its performance and its capabilities, while preserving all existing player histories, statistics and points.
As a decentralized blockchain risk-on gaming platform, Zeebit offers a wealth of games that come with some major advantages over the more common, centralized crypto betting platforms that currently dominate the CasinoFi segment.
One of the problems with centralized crypto betting apps is the lack of transparency into gaming outcomes, and they also inherit many of the same limitations as traditional betting apps and sportsbooks, such as censorship and account limits, sometimes even going as far as to suspend profitable bettor’s accounts. They also carry risk, as centralized platforms maintain control over bettor’s funds and can restrict access to their accounts at any time. Those problems are compounded by slow withdrawal and deposit times.
Zeebit claims its permissionless betting platform is a superior alternative in almost every way, with provably fair and totally random outcomes in all of the games it offers. Each game is powered by transparent smart contract processes and utilizes verifiable random function (VRF) technologies to ensure every outcome is totally fair. Moreover, the permissionless and non-custodial nature of Zeebit eliminates the problems of account restrictions and suspensions, as well as the need for deposit and withdrawals. When user’s place a bet, their funds go directly from their own digital wallet to the protocol’s smart contract, and the winnings will be immediately deposited straight back into their wallet if their bet pays off. So there’s no more requirement for bettors to trust a third-party to hold their funds.
Other advantages include full anonymity with no tedious and privacy-invading sign up process, and most definitely no KYC anywhere in sight. Zeebit, which says it’s committed to responsible gambling, also introduces a unique XP system and novel reward mechanisms for bettors as they gain experience, and it supports dozens of popular cryptocurrency tokens with integrated multichain swap mechanisms. It even plans to offer a revenue-share mechanism, and on-chain governance and NFT launches are also on its future roadmap.
Zeebit’s core contributor Bayzian said the migration to Sonic was made possible by recent advancements to the SVM, enabling it to unlock new gaming experiences. “Zeebit will be among the first game platforms launching on Sonic, offering one of the first opportunities for folks to experience what Sonic has to offer, and participate in growing the Sonic ecosystem,” he said.
The plan is for Zeebit to launch its revamped platform on the Sonic testnet in the “coming weeks”, and when it does, it will debut with new and existing games, such as Baccarat, Blackjack, Coin Flip, Crash, Dice, Limbo, Mines, Plinko and Roulette. Later, it will launch on the Sonic mainnet with yet more games, plus incentivized campaigns designed to boost engagement through rewards such as Zeebit Points and Sonic Rings.
Chris Zhu, CEO of SonicSVM, said he’s encouraged to see Zeebit launch on the platform because it’s backed by a “highly technical team” that not only understands, but intends to unlock the benefits of Solana’s Web3 technologies.
He added that he’s excited to see the Zeebit team realize its vision to build a transparent, fair, and fun gaming suite on Sonic. “They will be a leading example in the Sonic ecosystem utilizing the customized Sonic gaming stack, while being composable with the rest of the Solana ecosystem,” he said.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
