CardStarter to Host Ridotto IDO
Ridotto, a cross-chain gambling and lottery protocol, will be launched on CardStarter
CardStarter, the world’s premier incubator, launchpad and insurance program for Cardano projects, will launch Ridotto as its next IDO. Ridotto is the first cross-chain gambling and lottery protocol that aims to revolutionize the gambling experience.
The market capitalization of the global Gambling and Lottery industry is estimated at $443.2 Billion in 2020 and is projected to grow around 12.8% thru 2023. Despite its positive growth, the age-old saying, ‘The House Always Wins’ has become synonymous with gambling, pointing to a lack of transparency in the industry. The industry is still plagued with distrust with players fearing foul play and rigging. The high barrier to entry has also deterred investors from getting involved in the space.