RATE Group | Ethereum-based savings game PoolTogether raises $1M from IDEO CoLab Ventures, ConsenSys …
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Ethereum-based savings game PoolTogether raises $1M from IDEO CoLab Ventures, ConsenSys …

04 Feb Ethereum-based savings game PoolTogether raises $1M from IDEO CoLab Ventures, ConsenSys …

Posted at 12:18h in Ethereum News by

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Ethereum-based savings game PoolTogether raises $1M from IDEO CoLab Ventures, ConsenSys Labs

PoolTogether, a blockchain-powered no-loss, audited savings game, has raised $1 million in the latest financing round led by IDEO CoLab Ventures.

ConsenSys Labs and DTC Capital also participated in the round. PoolTogether had previously received funding from the MakerDAO Grant Program.

Founded in September 2019, PoolTogether is a no-loss lottery system built on the ethereum blockchain. Users can buy lottery tickets using Dai or USDC stablecoins.

“You join a pool by buying a “savings ticket”, each savings ticket gives you a chance to win a prize, but even if you don’t win, you keep all your money! PoolTogether lets you have the best of both worlds — saving money and the chance to win a prize!” PoolTogether explains in its FAQ section.

PoolTogether’s co-founder and chief vision…

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