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DuelNow sports betting market for Arbitrum has raised $11 million in investments According to an August 1 announcement, DuelNow, a decentralized sports betting marketplace, has closed an $11 million funding round led by GEM Digital Limited. Venture capitalists continue to place big bets on Web3 gambling.
In some countries, crypto-money is already a currency. In Japan, Bitcoin is officially recognized as a means of payment, and residents of the land of the rising sun have successfully paid with it in hairdressing salons and stores. Switzerland is attempting to legislate crypto transactions with subsequent taxation and issuance of crypto sharesπ
Cryptocurrency is currently one of the most unpredictable and fastest growing areas in the world of cloud technology, and it may well soon become a new kind of international payment system independent of any government or concern. π
First cryptocurrency: Bitcoin (Bitcoin), launched in 2009 by an anonymous individual or group of individuals under the pseudonym Satoshi Nakamoto, is considered the first decentralized cryptocurrency.π