Meta Gaming Veteran Secures $6 Million for Innovative iGaming Platform Expansion

In an exciting development for the world of online gaming, ZOOT, a visionary sweepstakes gaming platform, has successfully raised $6 million in seed funding. This investment was led by CoinFund, a pioneering firm in the realm of cryptonative investments, with additional participation from Griffin Gaming Partners. ZOOT aims to leverage this capital to enhance its operations and broaden its reach from a US-centric business to a globally-facing platform driven by stablecoin technology.

Co-founded by industry stalwarts Sean Ryan and John Cahill, ZOOT distinguishes itself by marrying traditional gaming entertainment with modern blockchain payment solutions. Sean Ryan, a former executive at Facebook Games, recognizes the monumental potential that stablecoin technology brings to the gaming ecosystem. With the current market showing a surge in stablecoin circulation surpassing $239 billion, companies like Visa and PayPal are sprinting to integrate crypto-compatibility into their services. This trend is reshaping the landscape of digital transactions, ensuring faster, cheaper payment methods for users worldwide.

Seamless Gaming Experiences

Sean Ryan reflects on the groundbreaking nature of blockchain gaming, stating, "The integration of real currency in this sector presents one of the most exciting opportunities in digital entertainment today." ZOOT is on a mission to redefine how iGaming is experienced, incorporating video game principles to heighten engagement and satisfaction for players. The promise of stablecoins lies in their ability to remove traditional transactional hurdles, allowing ZOOT to provide seamless global service, complete with zero transaction fees and instant payouts.

Having successfully initiated operations in the US sweepstakes market, ZOOT is gearing up to tackle age-old challenges associated with traditional online gaming like payment processing delays and geographic restrictions. The platform will soon unveil its flagship games, including innovative adaptations of well-known chance-based formats, all designed to enhance interaction and visualize richer gaming experiences.

Expanding Global Footprint

The potential for growth in the gaming sector, combined with the rising acceptance of stablecoins, positions ZOOT most favorably. David Pakman, Managing Partner at CoinFund, emphasizes the transformative potential of real-money gaming powered by blockchain, describing it as a trillion-dollar market ripe for innovation. Pakman points out, “Sean Ryan is an astute entrepreneur with the expertise necessary to lead this wave of change, crafting a more inclusive experience for real-money gamers worldwide.”

With plans for international expansion, ZOOT eyes emerging markets across Southeast Asia, Latin America, and Africa. The team's focus will remain on enhancing game selection and integrating advanced blockchain mechanisms into its platform, nurturing a rich gaming environment.

Who Are ZOOT?

Headquartered in New York, ZOOT operates as a trailblazer in the gaming industry, employing modern technology to create enriched gameplay that supports real-money transactions using stablecoin tech. The company is now poised to elevate player experiences through its innovative approach to iGaming.

For gamers and investors alike, ZOOT represents the future of how games are played and won, promising not just entertainment but also transparency and reward. To learn more about ZOOT and stay updated on their developments, please visit getzoot.us.

About CoinFund

CoinFund has established itself as a formidable player in the blockchain investment sphere since its inception in 2015. With over 105 companies under its belt, CoinFund champions the leaders of the internet's new era through diversified investment strategies and active engagement in blockchain networks. To explore more about CoinFund's portfolio and their mission, visit coinfund.io.