Wagerr launches DAO platform

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Updated October 24, 2022 | Published October 24, 2022

2 mins read

The platform says it is closer to being fully operated by blockchain owners, rather than a centralized team.

Sports betting platform Wagerr has announced plans to launch a decentralized autonomous organization (DAO) platform.

Wagerr DAO is a group of masternode operators with authority to vote on network consensus changes.

With Wagerr DAO, Wagerr node operators will have access to vote on mechanisms to improve the overall network and make advancements in the Wagerr ecosystem using the new mastercode structure v5.

The v5 structure will make it easy for masternode operators to make an up or down vote on Wagerr Improvement Proposals (WIPs) when they are posted on chain.

With v5 infrastructure improvements comes the offer of faster odds updates, which will improve the security of the sportsbook.

The hope is it will make for a more reliable network with quick transaction times and instant refunds for ineligible bets.

With such amendments, Wagerr aims to make itself an asset to individual bettors and third-party partners.

By including sportsbooks, social media sports bettors and syndications, the betting platform has its eye on creating more volume and more rewards.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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