Quanta and Naija Lottery, Sign Deal to Facilitate Blockchain Investments in Africa
Naija Lottery, also known as the International Lottery and Gaming Limited (ILGL), a leading lottery operator and provider of technology solutions and systems to regulated gaming markets has signed a deal with Quanta, to create a multi-million naira blockchain investment platform.
The deal signed by the two companies is the world’s first licensed blockchain lottery, creating the first synergy between traditional and blockchain lottery platforms in the world.
Under the deal, Quanta and ILGL will combine forces to apply blockchain technology to revitalise the traditional lottery, and to act as a platform to further strengthen growth in African market.
Managing Director of ILGL, Charbel Saadeh said the partnership is a major development in the penetration of blockchain technology into traditional business models.
According to Saadeh, “now is the time to build on the momentum of the traditional Nigerian lottery market. Together, we will continue to build a safe and trusted platform that ensures fairness and transparency, while offering amazing functionality to players, and helping to boost the local economy, creating an even more compelling experience to optimise lottery playing for the 200 million Nigerian markets.”
Granted a Grade A National Licence from the National Lottery Regulatory Commission to offer lottery games throughout Nigeria, ILGL is one of the largest gaming companies in Nigeria.
Quanta, which uses the Ethereum blockchain technology, transforms conventional lotteries for the better, revolutionising the gaming industry. Its blockchain-based lottery games are fully certified to ensure utmost trust and transparency for the players and the regulators.
Chief Technology Officer (CTO), and Director at Quanta, Kostas Farris, who spoke on the partnership, said “we are confident that we can make blockchain lottery popular, and this partnership represents a significant base for Quanta to target other emerging markets centred in Africa.”