GambleFi Projects to Receive $100M Funds: Why Africans Favour GambleFi with WSM and TGC Leading the Market
Africa embraces GambleFi, a Web3 gaming blend of online gambling and DeFi, with WSM and TG Casino leading the way for accessible and secure online gambling experiences.
Africa’s appeal in cryptocurrency has extended to GambleFi, a unique form of Web3 blockchain gaming that merges online gambling with decentralised finance (DeFi).
This trend coincides with a global surge in Web3 blockchain gaming, fueled by a recent $100 million fund established by Immutable and Polygon Labs.
The two companies have joined forces to create a $100 million fund dedicated to Web3 blockchain gaming. The Inevitable Games Fund (IGF) aims to empower early-stage gaming startups within the blockchain space.
The fund transcends limitations imposed by specific blockchain technologies, focusing instead on the immense potential of Web3 gaming as a whole. King River Capital, a venture capital firm with extensive experience in digital asset investing, will spearhead the fund’s investment strategy. Their expertise, combined with the formidable blockchain and gaming knowledge of Immutable and Polygon Labs, positions the IGF to identify and nurture promising ventures within the Web3 gaming landscape.
Web3 gaming paves the way for a future filled with innovation such as GambleFi, a popular Web3 gaming sector in Africa. This niche sector offers a compelling proposition for African users, particularly with platforms like WSM Casino and TG Casino leading the charge. Here’s why GambleFi proves to be the perfect entry point for Africans into the vast potential of Web3.
WSM Casino: User-Friendly Powerhouse Caters to All
WSM Casino has taken the African gambling scene by storm with its user-friendly approach. Unlike traditional online casinos that require downloads, WSM operates seamlessly within the widely used Telegram app, eliminating accessibility barriers. This convenience is further enhanced by the platform’s openness, welcoming all players regardless of prior token ownership. Users can wager using a variety of cryptocurrencies or traditional methods, catering to diverse preferences.
New players are greeted with a generous welcome package, featuring a 200% deposit match bonus of up to $25,000 and 200 free spins.
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These bonuses are automatically applied, eliminating the need for complex codes. Additionally, WSM Casino offers free spins with no wagering requirements, allowing players to keep their winnings without any strings attached.
Beyond slots, WSM Casino boasts a comprehensive sportsbook with over 35 markets, encompassing a wide range of sports beloved by African audiences, from classic American football to the ever-growing world of esports. Live in-game betting further intensifies the thrill, allowing users to react to the action as it unfolds.
TG Casino: Pioneering Innovation in Decentralised Gambling
While WSM Casino excels in user-friendliness, TG Casino takes a more pioneering approach, emerging as a strong contender for the title of the best bet casino in Africa. By leveraging the power of blockchain technology and DeFi, TG Casino offers a secure, transparent and fully decentralised betting experience.
Originally a Telegram-based platform, TG Casino has expanded its reach by launching a web version, providing a desktop-like experience for users. This expansion coincides with surpassing a staggering $250 million wagered on the platform’s Telegram version. Furthermore, TG Casino has launched Season 2 of its crypto airdrop program, distributing a massive 5 million TGC tokens (worth up to $3,500,000) in rewards.
TG Casino prioritises user rewards by implementing a buyback and burn strategy. A portion of the platform’s revenue is used to buy back TGC tokens from the market. These tokens are then strategically distributed, with 60% going back to holders and the remaining 40% burned. This burning mechanism effectively reduces the total supply of TGC tokens, making them more valuable over time and promoting long-term adoption.
Diverse Entertainment Options for Every Gambler
TG Casino caters to a wide range of interests by offering a diverse selection of gaming options, ensuring there’s something for every type of gambler. For casino enthusiasts, a vast library of classic and contemporary games awaits. Players can try their luck at roulette, blackjack, poker, baccarat and an assortment of slot titles.
TG Casino offers a compelling live dealer experience. Streamed directly to users’ devices, live dealer games replicate the thrill of a real casino environment. Players can interact with professional dealers in real-time, placing bets and experiencing the atmosphere of a brick-and-mortar casino from the comfort of their homes.
Sports betting is a national pastime in many African countries, and TG Casino doesn’t disappoint in this regard. The platform boasts a comprehensive sportsbook encompassing over 30 global sports markets. From the most popular leagues like the English Premier League, NBA and La Liga to niche offerings like esports and table tennis, TG Casino offers competitive odds and a variety of bet types to cater to every sports fan.
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GambleFi presents a revolutionary approach to online gambling and Africa is at the forefront of this exciting movement. Platforms like WSM Casino and TG Casino are paving the way for a more accessible, secure, and rewarding gambling experience.
With the backing of a burgeoning Web3 gaming industry, as evidenced by the $100 million IGF fund, GambleFi is positioned for significant growth in Africa. As the technology matures and regulations evolve, GambleFi has the potential to redefine online gambling not just in Africa, but on a global scale.
Whether you’re a seasoned gambler or a curious newcomer, this is the perfect time to explore the thrilling world of African GambleFi and place your bets on WSM Casino and TG Casino.
