EVO.io, an online crypto casino, has announced that it has raised US$3 million in seed investment from SABA Sports, a leading Asian sportsbook provider.
A SABA Sports spokesperson said the investment signifies the company’s belief that cryptocurrency will play an important role in the future of iGaming.
“It is without a doubt that crypto will play key roles in iGaming in the years to come,” the spokesperson said.
“It may just be a simple deposit and withdrawal transaction right now, but blockchain technology can be much more, for example transparency in casino games, detailed on-chain betting data, and so on.
“We have seen EVO.io’s vision and what they aim to achieve in the next three years, and we firmly believe they will make their mark in this industry.”
EVO.io operates as a typical crypto casino, offering a range of games and betting options using cryptocurrencies. However, according to SABA Sports, its development efforts go beyond a token and exceed the conventional idea of a casino by utilizing decentralization to empower participants to challenge traditional norms – be the house or beat the house, create the games, play the odds, control your funds, bring your friends and secure your earnings.
SABA Sports added that EVO.io aims to transform the iGaming industry through the power of a decentralized Web3 network.
EVO.io, launching in September 2024, is in the beta testing stage and is currently undergoing a branding exercise, the company explained.
