BetSwirl, a decentralized gambling platform, has announced a strategic partnership with Base, an Ethereum layer 2 network owned by Coinbase. BetSwirl announced the development today, December 14, via its X account.
With the collaboration, the two platforms aim to bring the next billion users to the Web3 landscape. The alliance allowed BetSwirl to bring assets to the Base network and all BetSwirl users can now access the new feature in the Base ecosystem.
🎮 BetSwirl has officially been extended to @Base, where it is backed by the @Chainlink standard for verifiable randomness!
At BetSwirl, we knew that Base’s core pillars – security, low-cost transactions and builder-friendly environment – ​​were combined with their mission to get on board the… pic.twitter.com/d8j4MmIvHL
— BetSwirl (@BetSwirl) December 13, 2024
Bringing gaming to the Web3 world
BetSwirl’s new feature acts as a bridge to the Base ecosystem, enabling access to Base’s liquidity and user base while keeping transaction fees low and high processing speed.
The partnership is part of BetSwirl’s commitment to growing its global initiative. The integration will allow it to leverage Base’s broader user base, which already has more than 110 million active users, driving adoption.
On the other hand, Base recognizes BetSwirl’s role as a major player in the gaming industry. Together, the two companies are working to power the next generation of Web3 users.
Founded in 2021, BetSwirl is a crypto gambling platform with a mission to ensure that everyone around the world can enjoy fair gaming and an advanced gamer experience. Gamers around the world cannot access traditional blockchain casinos due to the restrictions associated with these platforms. Normally, these platforms target the demographic of gamblers. Decentralized gaming platforms solve this problem because they offer open interactive gameplay along with visual storytelling and fantastic scenes that can be accessed worldwide.
BetSwirl and Base work together because they are driven by a shared vision. They believe in decentralized finance, which is reflected in their commitment to providing real on-chain assets that can be freely used in the expanding crypto economy.
The Base is an Ethereum Layer 2 network that provides a secure, low-cost, developer-friendly environment to create dApps on-chain. It functions both as a site for Coinbase’s on-chain resources and as a permissionless ecosystem where anyone can build decentralized applications.
Multi-chain expansion
By launching its feature on the Base blockchain, BetSwirl marks an important step in its multi-chain expansion initiative. With its commitment to cross-chain, the platform aims to provide users with essential tools to seamlessly navigate multiple protocol networks.
The Base is the sixth largest protocol, after prominent layer 1 networks such as Ethereum, Solana, Tron, Binance Chain and Bitcoin. As of November 2024, Base amassed a Total Value Locked worth $3.4 billion, making it TVL’s largest Layer-2 chain. Its closest competitor Arbitrum, another major layer-2 network, had a TVL of about $3 billion.
With this integration, BetSwirl users can now purchase tokens on Base and perform swaps between Base and other blockchain networks. The functionality enhances the BetSwirl user experience by bringing integrations within Base’s ecosystem and enabling broader access to various assets on multiple blockchains.
The development is part of BetSwirl’s commitment to bringing fair blockchain gambling to Ether-compatible blockchains. The company’s mission is to integrate online gambling into the virtual reality (VR) world and is already in talks with multiple metaverse projects to make this possible.