Gaming tech firm SharpLink is betting big on the burgeoning world of cryptocurrency gaming with a $500,000 buy-in to crypto casino start-up CryptoCasino. The investment nets SharpLink a 10% ownership stake in CryptoCasino’s parent company Armchair Enterprises and the option to up their position to a controlling majority share down the road.
SharpLink brass have evidently been scoping the landscape for new avenues of growth and see the red-hot crypto gaming scene as a smart place to plant their flag. Launched just this October, CryptoCasino aims to offer players a full suite of gaming options from slots to sports betting, with all wagers and payouts transacted in digital coin.
Industry watchers say SharpLink’s strategic gambit makes perfect sense – crypto gaming is exploding, transactions in the crypto sphere are fast and cheap, and getting in on the ground floor puts them ahead of mainstream gaming outfits who risk getting left behind.
The lack of middlemen and regulatory red tape around payments and prizes gives crypto casinos big advantages traditional operators cannot match. For SharpLink, the chance to parlay their gaming ops expertise into a lead role in the crypto gaming gold rush was clearly too good to pass up. Only time will tell if their high-roller strategy pays off at the table, but SharpLink appears ready to embrace the risks of this high-growth, high-reward new gaming frontier.
Editor-in-chief and creator Cole Smith of casinocurrencies.com, has extensive experience with casino payment systems, The site was created to provide an honest and trustworthy resource for online gambling players.