To Ridotto, the phrase “decentralized ownership” is more than just a marketing buzzword. It’s a core tenant of the protocol, and a standard by which the team measures all development progress.
In this spirit, today Ridotto is unveiling a leap in NFT history, in which community members will soon get to own Ridotto’s casino products through proof of ownership NFT assets.
With these NFTs, owners can deploy their own slot machines, lotteries, and more at the click of a button and host them both within the Ridotto protocol and on their own website. For businesses, charities, and Web 3 native communities this represents a one of a kind opportunity to earn income while better engaging your community.
Taking things one step further, by pairing an ownership NFT with a customizability NFT, owners can customize the mechanics, token type, and even the UI to their exact specifications, giving them complete control over their Ridotto build casino products.
This rock-sold utility is nothing short of revolutionary, and marks a stark departure from the current generation of art-based NFTs. While Ridotto’s NFTs will most certainly be a visual feast, they will also be grounded in impossible to ignore practical fundamentals.
Specific details on how to participate will come within the next couple weeks; but at a high level, community members will simply deposit $RDT to earn a limited emission of Ridotto ownership NFTs. The more you stake, the longer you stake, the more quickly you will earn NFTs.
With the NFTs in hand, Ridotto’s community will be free to either consume their NFT and claim a casino product or sell them to the highest bidder on secondary markets.
NFT Farming and the $RDT Token
NFT Farming represents the first significant rollout of the $RDT token utility, as now it ceases to be a simple speculative token. The power of NFT Farming is that by holding Ridotto, you can claim a blockchain-verified position as Ridotto’s “House.”
Secondarily, farming aims to reward early community members, while also decentralizing the protocol and effecting a level of token stability. In rolling it out, the team is excited to show the first steps in what we believe to be a total revolution — one that threatens to change the gambling industry from the bottom up.
Ridotto is the very first cross-chain gambling and lottery protocol based on complete transparency, anonymity, security, and fairness. Built on Cardano, our approach is to provide an open protocol driven by the community, where users can play, build, and even bankroll casino games, thus earning generous liquidity. Ridotto’s overarching goal is to elevate the user to the role of “house,” thereby offering a fully scalable alternative to centralized online gambling.
Beyond our vibrant flagship casino, we will unleash retail ingenuity by giving users the decentralized infrastructure to experiment and evolve the gambling ecosystem, much like the App Store did for mobile gaming.