BetDEX, the blockchain-based sports betting exchange, has announced an exciting collaboration with DRiP, an NFT platform, to launch its first-ever legendary NFT drop.
The partnership aims to create two NFTs featuring one of the most iconic athletes of all time, in what is expected to be a groundbreaking event for both platforms.
To qualify for the legendary version of the NFT, any DRiP channel subscriber with a matched trade on BetDEX's site throughout the week will be eligible. The drop is scheduled for the morning of July 14, giving traders a limited window to make their qualifying trades.
Additionally, BetDEX has launched an exhilarating Wimbledon Grand Slam Giveaway. Participants have the chance to win a $1,000 prize by topping the trading volume, with an additional $1,000 up for grabs for the player who achieves the highest profit.
The collaboration with DRiP comes on the heels of BetDEX's successful launch on the Solana mainnet during the World Cup. Despite being in its early stages, the exchange garnered significant attention, with hundreds of bettors participating in pre-match wagers on the platform. The team at BetDEX plans to expand the market offerings and introduce in-play options to attract a broader audience.
BetDEX's CEO, Varun Sudhakar, expressed confidence in the potential of decentralized betting to become mainstream. He believes that by offering a superior user experience characterized by high liquidity and low fees on a noncustodial platform, BetDEX can overcome the challenges of communicating the benefits of betting on a web3 platform.
Looking ahead to 2023, BetDEX intends to focus on enhancing product and customer acquisition. With $21m raised in funding in 2021, the primary investment went towards building an exceptional user experience and expanding the platform's reach.
BetDEX is no stranger to industry expertise, with its co-founders having a wealth of experience in the sports betting space. They recognize that crypto has the potential to address long-standing issues within the industry, such as substandard products and fragmented liquidity pools.
By leveraging blockchain technology and the open-source Monaco Protocol, BetDEX aims to create a collaborative environment where operators can share liquidity and build better solutions together.
BetDEX has made a firm commitment to being “100% non-custodial in nature,” assuring its customers that the platform never controls or holds their funds.
This approach ensures that users have full control and ownership of their assets, providing a secure and transparent betting experience. In compliance with the Online Gambling Regulation Act (OGRA), BetDEX Exchange operates with a license approval from the Isle of Man.