If you missed Friday’s community update, in which the team highlighted the many milestones accomplished since the year began, you are in luck! While the breakdown below will provide an overview of all the major subjects covered, a linked recording to the community update will be provided tomorrow on Ridotto’s official Twitter.
Of most excitement to the community, the team shared a closer view on why the ability to farm proof of ownership NFTs is so revolutionary and disruptive to the current-era casino industry.
While all other casinos — including those that feature cryptocurrencies — are centrally owned by a single entity, Ridotto’s Ownership NFTs set the infrastructural foundation for a truly decentralized ecosystem.
Each one will entitle non-KYC’d owners to their very own casino product, which will be specific to the type of game, whether it be a lottery, slot, or specific table game, and will give its owner the ability to customize their casino game’s design, as well as its internal rule structure — including house win rate, jackpot size, and a lot more.
For businesses, individuals, charities, and Web 3 native communities in general, Ridotto’s decentralized casino ownership represents a one-of-a-kind opportunity to earn income while engaging core communities in a manner never seen before but incredibly intuitive to the crypto culture as a whole.
Beyond being incredibly useful, Ridotto’s NFTs are also a work of art created with a deep language of symbolism meant to communicate Ridotto’s core values. For the Ridotto die-hards, a deep analysis will be provided closer to launch by the team’s very own internal art leader.
A Visionary Regulatory Framework
An analysis of the legal side of the online gaming industry reveals that on closer inspection, casino licenses are mostly a gimmicky trick, smoke, and mirrors meant to convince retail users that a given online platform has more accredited legitimacy than it actually has.
Most opt for the standard Curaçao license, which certifies that a casino is not an outright scam and only allows the holder to operate inside the small island jurisdiction of Curaçao.
In order to be accredited in just 90% of the globe, an online casino would need to spend multiple millions of dollars on 20 different jurisdiction licenses, not to mention sacrifice user anonymity through KYC practices.
Thankfully, being that Ridotto is a decentralized alternative to casinos, a community body of players, bankrollers, and builders, the traditional laws do not apply. By bucking centralized ownership, Ridotto enters into a new category. Ridotto is not a casino, but a decentralized casino infrastructure, aiming to be entirely governed by a DAO and utilized by an open-source and nebulous community. No single recognizable individual or party makes the rules, controls the play, or earns the profits.
This means that Ridotto is positioned to avoid the many pitfalls of licensing, including time intensiveness, high expenses, regional limitations, and compliance with non-anonymous KYC customer practices.
An Unstoppable Decentralized Web Application
Hand in hand with this legal framework, Ridotto backs up its labeled claim to decentralization with a technical backing: a decentrally hosted web application, based on blockchain making unstoppable to targeted geographical restrictions.
The front interface, game backend, and liquidity pools will all be decentrally held, in tandem with being compliant through DAO governance.
Given that Ridotto’s game and reward data is open-source and accessible, the team is committed to a rigorous and continual process of targeted security tests. This includes both internal team testing, as well as fail-safe audits and extra security measures from industry leaders such as Hacken, Slither, MythX, tenderly, and soon to be implemented community run whitehacking and bug bounty programs. This triple layered security framework is designed to prioritize safety and robustness over all else.
During the update, the team also revealed a secret pet project that they has recently been completed alongside the nearly finished NFT farming: a state-of-the art custom collection of Ridotto themed NFT-based playing cards.
One card at a time, the entire deck will be given away to the community via a host of oncoming web and participation games! Both the rules for how to participate as well as its prizes will be revealed shortly, closer to the game’s launch.
The team also revealed a closer look at Ridotto’s quarterly roadmap through the end of 2023.
2022 Q1/Q2: THE PROTOCOL
- Define the legal framework
- Launch of NFT Farming
- Launch of Ridotto’s slot machine and lottery
- Build HQ in the metaverse
- Integrate B2B partners
- Launch of the bug bounty program
2022 Q3: TOWARDS A DAO
- Implement Ridotto’s minimal DAO
- Integrate Ridotto’s GaaS (Self-service Lottery & Slots)
- Integrate extra-blockchain
- Enrich Ridotto’s game catalog
- Release Ridotto’s NFT PFP
2022 Q4: BETTING
- Release of Ridotto’s betting protocol
- Launch of Ridotto’s betting game
- Integrate social games (clans, competitions, and tournaments)
2023 Q1: THE LAB
- Launch of Ridotto’s lab
- Release Ridotto’s SDKs and libraries
- Integrate Metaverse games
2023 Q2/Q3: THE GREAT MIGRATION
- Migrate to a fully DAO ecosystem
2023 Q4: THE VOTE
- Develop Ridotto’s Community Marketplace
- Implement community proposals
Finally, one item not touched on during the community update, due to a lack of time, was the soft launch of Ridottto’s co-creation workshops. Each time that the team rolls out a new product update, they will conduct a community led feedback session in order to streamline all deliverables to best fit community interests.
The first workshop will be conducted soon, so look out for an upcoming in-take form if you’d like to participate!
Ridotto is the very first cross-chain gaming and lottery protocol based on complete transparency, anonymity, security, and fairness. 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 gaming.
Beyond our vibrant flagship casino, we will unleash retail ingenuity by giving users the decentralized infrastructure to experiment and evolve the gaming ecosystem, much like the App Store did for mobile gaming.
Website | Discord | Twitter | Telegram Community | Telegram Announcements