Blockchain innovator, Quanta, has announced the signing of arrangements that are to see it purchase a stake in Nigerian business, International Lottery and Gambling Restricted (ILGL), in hopes of establishing the planet ’s first blockchain-focused lottery platform.
Naija Lottery growth:
The Isle of Man-based developer used a official press launch to detail that ILGL is the privately-owned firm behind Nigeria’s Naija Lottery and it will now endeavor to further strengthen this service throughout Africa through the use of blockchain technologies.
History-making purchase:
Kostas Farris, Chief Technology Officer for Quanta, declared that ILGL retains a ‘Grade A national license’ by Nigeria’s National Lottery Regulatory Commission and his company ’s acquisition of a stake at the Lagos-headquartered concern represents the very first time a blockchain-facing firm has invested in a traditional lottery operator.
Farris’ statement research …
“This acquisition will usher in an age when invention compliments tradition, injecting the power of blockchain technology into the lottery business. We are convinced that we could make blockchain popular and this acquisition represents a significant foundation for Quanta to target additional emerging markets in Africa and other continents. ”
Aiming for a ‘compelling adventure ’:
For his part, Charbel Saadeh, Naija Lottery Managing Director for ILGL, stated that his company started lottery operations in March and has since gone on to contribute significant funds to many local charities and good causes.
Saadeh’s statement read…
“ILGL has supplied popular and entertaining games into the Nigerian players and we are very excited to collaborate with Quanta to make an even more compelling experience to maximize lottery playing to the 200 million Nigerian market. ”
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