November 12, 2024
BetHog, a new player in the cryptocurrency gaming industry, has launched its platform following a successful $6 million seed funding round. The round, led by venture firm 6MV, also saw participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several prominent angel investors, including Chris Grove, Partner Emeritus at Eilers & Krejcik, and Josh Hannah, co-founder of Flutter Entertainment. This funding will allow BetHog to expand its offerings and develop its platform further as it enters a rapidly growing market.
Founded by Nigel Eccles and Rob Jones, two entrepreneurs in the tech and gaming sectors, BetHog sets itself apart with a crypto-powered casino and sportsbook built on the Solana blockchain. The platform features a range of casino games, including the company’s exclusive BetHog Originals, as well as games from top developers like Pragmatic and Evolution. Notably, BetHog introduces a twist to traditional gambling with its PvP (Player versus Player) games, offering a unique experience where players can compete alongside live streamers. The platform supports various cryptocurrencies, including Bitcoin, Ethereum, USDT, and Solana, with SOL used for PvP play.
BetHog’s entry into the crypto casino space aims to address the demand for more engaging, skill-based, and visual gaming experiences. While the market has grown, with advances such as provably fair games and enhanced VIP offerings, BetHog’s founders are determined to set new standards. The platform promises to deliver a fun and immersive experience by combining the thrill of traditional betting with the advantages of cryptocurrency. Although it is available globally, BetHog faces jurisdictional limitations in markets like the USA and UK.
With the fresh capital, BetHog plans to invest heavily in product development and pursue strategic partnerships to scale its operations. Serge Kassardjian, General Partner at 6MV, expressed confidence in the platform’s potential, noting that BetHog is well-positioned to lead the way in transforming the online casino and betting landscape.
About BetHog
BetHog, founded by FanDuel co-founders Nigel Eccles and Rob Jones, is a cryptocurrency casino and sportsbook offering exclusive games like HODL, Thermonuclear Boars, and Liar’s Dice. Built on Solana, it supports multiple digital currencies and features a unique play-along experience with streamers.
Website: https://beta.bethog.com
X: @playBetHog
About Investor
6MV
6MV is a venture capital firm focused on investing in the blockchain, crypto, and gaming sectors. The firm specializes in backing early-stage companies that leverage technologies to create products and services in digital entertainment and beyond.
Location: San Francisco, California
Website: https://6thman.ventures/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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