Blockchain lottery platform Megapot raises $5M in round led by Dragonfly Capital

Blockchain lottery platform Megapot has raised $5 million in a funding round led by Dragonfly Capital, Fortune Crypto reported. The round included participation from Coinbase Ventures and Bankless Ventures. Megapot is a lottery platform built on the Ethereum Layer 2 network Base, which it says offers larger prizes and higher odds of winning than traditional lotteries. The funds will be used to expand the number of countries where the service is available and to upgrade its systems.