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ConsenSys Project Virtue Poker Raises $5M Ahead of Mainnet Launch
The Ethereum project is expected to launch in full in May.
Updated May 9, 2023, 3:18 a.m. Published Apr 12, 2021, 1:50 p.m.
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Decentralized gambling platform Virtue Poker has raised $5 million in a strategic investment round.
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- Ethereum-based Virtue Poker plans to conduct an initial DEX offering (IDO) ahead of its mainnet launch in May, the startup announced Monday.
- The project was incubated by blockchain developer ConsenSys and counts Pantera Capital and DFG Group among its backers.
- Virtue Poker claims to be the only blockchain-based company to be licensed by the Malta's gambling regulator.
- The platform aims to use smart contracts and sidechain infrastructure to bring greater transparency to online gambling with regard to withdrawals and other functions.
- According to ConsenSys founder Joe Lubin, Virtue Poker “legitimizes the use of this technology in the industry.”
- "I've been working with the Virtue Poker team for nearly three years, watching them build a next-generation poker platform," poker pro Phil Ivey said in a press release.
- It’s among a crop of startups exploring gambling use cases on the blockchain, including a casino in Decentraland hiring real-life workers to staff virtual tables.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
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- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Michael Saylor's Strategy catches a break from MSCI, but analysts caution fight isn’t over yet
MSCI won’t drop firms like Strategy from indexes yet, but a broader rule change may still be on the table
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