NFT Lottery: A Decentralized Public Lottery Platform

NFT lottery is a blockchain-based decentralized and distributed system designed for users to generate, distribute, buy and sell digital NFT lottery tickets.

Overview

NFT lottery is a comprehensive NFT ticketing platform that allows for the generation, distribution, purchase and trading of NFT-based lottery tickets. It enables users to buy lottery tickets using USDC or cryptos to play games on the platform and earn crypto rewards. This decentralized lottery platform ensures transparency, democracy and security for all the parties involved, from lottery players, game creators, sponsors, distributors and retailers. Getting started with the platform is easy; users simply need to connect their crypto wallet to the platform and choose their specific role.

Requirement

While digital lotteries have the advantage of eliminating hassles associated with traditional lottery systems, like long waiting times for buyers, they also have obvious drawbacks. The lack of transparency in the system can raise players’ concerns about lottery platforms’ integrity. Furthermore, centralized digital lottery platforms are susceptible to manipulation, and hence, easily exposed to security vulnerabilities. Such glaring downsides of non-NFT lotteries highlight the need for a decentralized system that can address such issues and provide a fairer, more transparent and secure lottery experience for players.

Solution

Lottery of the People is a blockchain-based lottery platform that ensures unparalleled transparency, democracy and security for all participants. The lottery system’s integrity is maintained by recording every transaction on a public ledger with immutable capabilities, allowing for the traceability of data to prevent fraud. The decentralized nature of blockchain technology makes this lottery platform less vulnerable to manipulation, promoting fairness in the lottery business. Furthermore, robust smart contract algorithms automate the platform’s workflow to unbiasedly pick out winners and reward them with cryptocurrencies.

Multiple User Roles

For Game Participants

The platform’s users can select and purchase lottery tickets for games they like and play them to earn rewards.

For Game Retailers

Game retailers collect game or platform QR codes from distributors to refer them to people outside the platform.

For Game Designers

The platform allows game designers to design, create and launch new games and mint their tickets for users to buy.

For Distributors

Distributors generate and distribute to retailers the QR codes of the platform or the games available on it.

For Game Sponsors

Anyone interested in funding a specific game can sponsor the game’s designer(s) and winners, and in return, the sponsor can earn a share from the total profit distribution of the ticket sale.