Blockchain lottery platform Megapot completes $5 million financing, led by Dragonfly

The blockchain lottery platform Megapot announced the completion of a $5 million financing round, led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and angel investors.

The project operates on the Base network and uses stablecoins to achieve global fund settlement. Megapot plans to use this round of financing to further expand into more national markets and develop a mobile on-chain lottery platform for global users.