Yeet.com, a brand new crypto on line casino and sportsbook, immediately introduced it has raised $7.75 million in a funding spherical led by crypto enterprise fund Dragonfly, with participation from notable angel buyers like Pudgy Penguins CEO Luca Netz and LayerZero CEO Bryan Pellegrino.
The corporate—based by well-known crypto personalities Michael Anderson, pseudonymous dealer Keyboard Monkey, {and professional} poker participant Ben Lamb—goals to create a powerful reference to crypto natives due to the experience of its founders and their reputations from constructing within the house.
(Disclaimer: Anderson is an investor in DASTAN, Decrypt’s dad or mum firm. DASTAN President Farokh Sarmad can also be an investor in Yeet.)
“Yeet’s tagline is Crypto’s On line casino—that means it’s constructed by crypto folks, for crypto folks,” Anderson, who is best referred to as Mando amongst crypto fanatics, advised Decrypt. “We use crypto as fee rails, however it’s rather more than that—our model, staff, and even the video games themselves are deeply ingrained in crypto tradition,” he mentioned.
The playing platform will supply quite a lot of conventional on line casino video games like blackjack and roulette alongside new, crypto-focused video games. For instance, customers will have the ability to interact with on line casino video games that replicate the expertise of minting NFTs, buying and selling meme cash, and “getting rugged” in DeFi—the kinds of purposes that permit crypto customers to commerce, borrow, and lend crypto property with out intermediaries.
To start out, Yeet will give attention to offering entertaining, high-stakes playing experiences as a substitute of on-chain video games, although it might look to include provably truthful video games by way of on-chain verifiable randomness (VRF) sooner or later.
“Crypto customers love danger. They already commerce 100x leverage, purchase random meme cash, and gamble on every thing from airdrops to NFTs in crypto,” Yeet co-founder Keyboard Monkey advised Decrypt. “Crypto wants leisure… and when buying and selling slows down like proper now, all of us nonetheless need enjoyable, fast-paced, playing experiences—however ones that really feel native to our world.”
Assembly crypto customers the place they’re, the on line casino and its forthcoming sportsbook will supply entry to its website by way of a Telegram bot as nicely, a development that was popularized with meme coin buying and selling purposes that allowed customers to purchase and promote tokens immediately from the favored messaging terminal.
As for competing with huge identify crypto casinos like Stake, Shuffle, and Rollbit, co-founder Ben Lamb expects the model’s deeply native crypto roots and tradition to assist the upstart pull market share.
“Yeet stands out by being deeply crypto-native,” Lamb advised Decrypt. “Yeet isn’t making an attempt to compete with these platforms,” he mentioned. “We’re providing one thing they don’t. We’re Crypto’s On line casino.”
Lamb additionally pointed to offers with “shitposters,” merchants, and founders within the crypto house, and the on line casino’s plans to supply a multi-tier associates program and an in depth VIP rewards program—plus an preliminary factors program that may result in an airdrop. “Wen token?” he mentioned.
Below Yeet’s Anjouan and Curacao licenses, U.S. residents won’t be eligible to play on Yeet. The platform as a substitute will give attention to “Asia, Latin America, Canada, Africa, and choose European markets the place demand for crypto casinos is presently booming,” mentioned Anderson.
Yeet customers will have the ability to deposit funds throughout a number of Ethereum-compatible chains, Bitcoin, and Solana.
