BetSwirl, a decentralized gambling platform, has announced a strategic partnership with Base, an Ethereum layer 2 network owned by Coinbase. BetSwirl disclosed the development through its X account today December 14.
With the collaboration, the two platforms aim to bring the next billion users to the Web3 landscape. The alliance enabled BetSwirl to bring assets to the Base network and all BetSwirl users can now access the new feature on the Base ecosystem.
🎮 BetSwirl has officially expanded to @Base where it’s underpinned by the @Chainlink standard for verifiable randomness!
In BetSwirl, we knew that Base’s core pillars—security, low-cost transactions and builder-friendly environment—combined with their mission to onboard the… pic.twitter.com/d8j4MmIvHL
— BetSwirl (@BetSwirl) December 13, 2024
Bringing gaming to the Web3 world
The BetSwirl’s new feature acts as a bridge to the Base ecosystem, enabling access to Base’s liquidity and user base while maintaining low transaction costs and high processing speed.
The collaboration is part of BetSwirl’s commitment to build up its global initiative. The integration allows it to tap into Base’s broader user base, which is already over 110 million active users, helping it to fuel adoption.
On the other hand, Base recognizes BetSwirl’s role as a major player in the gaming industry. Together, the two firms are working to drive the next generation of Web3 users.
Established in 2021, BetSwirl is a crypto-gambling platform whose mission is to ensure everyone worldwide can enjoy fair play and an advanced gamer experience. Gamers across the globe are unable to access traditional blockchain casinos because of the limitations associated with these platforms. Normally, these platforms target the gambler’s demographic. Decentralized gaming platforms resolve this problem as they offer open interactive gameplay, together with visual stories, and fantastic scenes accessible worldwide.
BetSwirl and Base are working together because they are driven by a mutual vision. They believe in decentralized finance, manifested by their dedication to offering real-world assets on-chain that can be freely utilized 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 as both a site for Coinbase’s on-chain resources and as a permissionless ecosystem where everyone can build decentralized applications.
Multi-chain expansion
By BetSwirl launching its feature on the Base blockchain, the development 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 navigate multiple protocol networks seamlessly.
The Base is the sixth largest protocol, following prominent layer-1 networks like Ethereum, Solana, Tron, Binance chain, and Bitcoin. As of November 2024, Base amassed a Total Value Locked worth $3.4 billion, making it the biggest layer-2 chain by TVL. Its close rival 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 carry out swaps between Base and other blockchain networks. The functionality enhances the BetSwirl user experience by bringing integrations within Base’s ecosystem and enabling wider access to various assets on multiple blockchains.
The development is part of BetSwirl’s dedication to bringing fair blockchain gambling to Ether-compatible blockchains. Its mission is to integrate online gambling into the virtual reality (VR) world and it is already in talks with multiple metaverse projects to enable this.
