Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 01 2024DuelNow Funding and Market Growth: DuelNow, a decentralized sports betting platform, raised $11 million in funding led by GEM Digital Limited, highlighting significant venture capital interest in Web3 gambling as the global online betting market is projected to grow over 10% annually.
Polymarket's Success and Future Plans: Polymarket, another crypto-betting platform, surpassed $1 billion in trading volume driven by U.S. election wagers, while DuelNow aims to expand its offerings for various sports fans and enhance user experience through lower fees and higher payouts.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
