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Uncorking Opportunities: Vint’s Innovative Approach To Fine Wine Investment Accessibility

Vint

By James Wells, Benzinga Stay up to date with the latest on Vint here As the lines between the physical and digital worlds blur, barriers to investment accessibility are crumbling. This shift is democratizing the investment landscape, making both mainstream and niche industries accessible not just to the elite but to the average investor as well. With the advent of new investing technology, platforms like Vint are leading a revolution in investment accessibility. By unlocking doors to lucrative alternative assets such as fine wine, they're transforming the way retail consumers perceive and approach investments. This shift goes beyond mere trends; it enables the common investor to manage a portfolio that's hedged, diversified and optimized for growth – just like an institutional investor. A fine wine index called Liv-ex Fine Wine 1000 GREW in value during the Great Recession. Premium liquor has been moving to the beat of its own drum. Click here to invest in curated casks/collections. The New Horizon: Investment Accessibility In A Digital Age In the traditional investment arena, certain asset classes like real estate, private equity and fine wine have historically largely been reserved for the wealthy and institutional investors due to significant capital requirements. This exclusivity not only limited lucrative opportunities but also marginalized a large segment of the population. As a result, the prospect of wealth diversification and strong financial growth remained inaccessible to many, reinforcing a system that favored the financially privileged and restricted broader participation in alternative investment classes. Accessibility in investment is essential for several reasons: Wealth & Retirement: Wise and consistent investing enables wealth-building and financially sustainable retirement. Opportunities: Increased accessibility provides more opportunities for average consumers. Profitability: More participation drives economic growth, benefiting both financial institutions and individual investors. The digital age has heralded a new era of investment accessibility, dismantling traditional barriers through innovations like fractional ownership. This groundbreaking approach allows investors to own a portion of an asset, transforming previously unattainable investments into opportunities accessible to a wider audience. Vint's Revolution: Democratizing Fine Wine Investment Wine enthusiasts may dream of owning a 1900 Chateau Margaux or a Glenfiddich 50-year-old scotch, priced at $25,000 and $30,000 respectively. However, these treasures are often beyond the reach of the typical wine enjoyer and investor. Vint, an investment platform enabling fractional ownership, solves this problem by making rare collections accessible. By offering shares priced as low as $100, Vint opens the wine and spirits market to a broader audience. Investors can sign up with Vint in minutes to access a curated list of collections. The process is user-friendly. Investors browse selections crafted based on market trends and appreciation potential. Vint manages all investment management aspects, from temperature-controlled storage to buying and selling logistics. With fractional ownership, average investors can now tap into the unique advantages of fine wine exposure: Historically Consistent Returns: Fine wine has yielded a 13.6% annualized return over the past 15 years, offering the potential to double an investment in roughly six to seven years. Low Correlation With Traditional Markets: Fine wine and spirits provide a low correlation with traditional assets, making them an excellent addition to a diversified portfolio. Low Volatility: The value of wine typically increases as bottles become rarer over time, reducing price volatility. This supply and demand imbalance makes wine and spirits an attractive option for risk-averse investors. A Taste Of Success: The Impact Of Lower Capital Requirements Vint operates at the crossroads of technology and fine wine investing. Lower capital requirements in the fine wine market, as facilitated by Vint's platform, have a multifaceted impact that extends beyond just financial accessibility. Here's how: Diversification And Risk Management: Vint's fractional ownership model allows diversification across various wines and spirits, with capital requirements as low as $100 per share, enhancing potential returns and spreading risk exposure. Liquidity And Accessibility: Vint's approach infuses the traditionally illiquid fine wine market with liquidity, democratizing access to premium products like Japanese whiskey from Karuizawa or the 288-bottle collection of Haut Brion and La Mission. Market Growth And Education: Vint's lowered barriers stimulate demand in the fine wine market, fostering growth and expanding the customer base, boosting exclusivity and encouraging a new segment of wine enthusiasts to engage with the market. However, while democratizing access, investors must remain aware of risks such as market volatility, provenance issues and storage costs. A Vintage Opportunity: Vint Finance's Pioneering Pathway Vint's platform pioneers a blend of innovation and tradition, transforming engagement with the traditionally exclusive fine wine asset class. By lowering capital requirements, Vint not only broadens investment opportunities but also fosters inclusivity, diversification and potential portfolio growth. Read Next: Making Money With Whiskey And Wine? Fractional Ownership Player Democratizes Wine And Spirits Investing Young, Rich Americans Don't Trust the Stock Market, So They're Turning to Alternative Assets to Amplify Their Wealth Founded in 2019, Vint set out to financialize fine wine and spirits and create a new asset class. Vint received SEC qualification in 2021, thereby creating the first fully-transparent, efficient platform for wine, spirits, and futures collection investing. Vint offers expert-curated, thematic collections of fine wine & spirits to institutional, accredited, and non-accredited investors. Since launching, Vint has securitized and offered over $6M worth of assets. Through Q3 2022, Vint has generated returns of 28.3% for asset exits on a net annualized basis since inception. Vint is backed by leading investors Montage Ventures, MS&AD Ventures, Goat Rodeo Capital, Fintech Ventures & Slow Ventures. To learn more about Vint, visit Vint.co. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brady Weller Brady@vint.co Company Website https://vint.co/

August 25, 2023 09:15 AM Eastern Daylight Time

This Fandom Social Media App Based on AI Harnesses The Economic Power Of Fandom – And Shares It With Its 26 Million Users

Benzinga

By Rachael Green, Benzinga Hanryu Holdings, Inc. (NASDAQ: HRYU) launched Version 2.0 of its K-culture fandom platform, FANTOO, this month. The 26 million users currently using FANTOO will now get personalized content and a more user-friendly interface. Here’s a closer look at what the global fandom social media platform offers users and how it’s generating earnings for the company and its shareholders. What Is FANTOO? Unlike other fandom apps that are centered around a single artist or group, FANTOO is a global platform for all fandoms. Its current user base spans 150 countries, but real-time multilingual translation erases language barriers so users can connect with each other over their shared interests regardless of language or location. The fandom-oriented social media app gives fans a place to join or start clubs focused on their favorite artists, shows and more. They can unpack the latest episode of their favorite K-drama with fellow fans, vote for their favorite K-pop artist in monthly contests, and create content to share in clubs or the main feed. That includes webcomics, fan art, fan fiction and other fandom-related content. What separates the app from any other social media platforms out there, though, is a unique reward system that actually allows users and content creators to earn money on their fandom content and interactions. Creating content, posting, liking, sharing and other activity in the app is rewarded with FP points. Those points can be used to make purchases in the app or be converted into your local currency and withdrawn. Another way users can earn is by selling things on the fan shop, an eBay-like platform for buying and selling merchandise and collectibles related to their favorite fandoms. FANTOO 2.0 Comes With Multiple Revenue Streams Right now, Hanryu generates the bulk of its revenue through advertising, generating over $889,000 from that stream in 2022. Brands advertising on the platform have access to a highly engaged audience along with the data analytics needed to get their message in front of the users most likely to be interested. But the company has added additional sources of revenue throughout this year, including transaction fees, user-created content, merchandise and live shows streamed on the platform. Looking ahead, Hanryu has more big plans in store for FANTOO including expanding the range of fandoms that can gather on the platform and a metaverse version of the platform where fans can meet and explore the different features of the app in virtual reality. The company also announced a partnership this month with SALTLUX, a South Korea-based AI tech company that’s developed an AI-powered conversational virtual assistant. SALTLUX bears the distinction of holding the most AI and big data-related patents in Korea. Through the partnership, Hanryu plans to adapt the technology to create personalized AI assistants and chatbots. Slated to launch later this year, the service will use voice synthesis and deep learning technology to allow fans to have realistic conversations with an AI that sounds like their favorite celebrities. Chang-Hyuk Kang, CEO and Director of Hanryu Holdings, commented on the development, "We are pleased to partner with SALTLUX to integrate AI into FANTOO. This advanced technology will provide our loyal userbase with an enhanced experience on FANTOO. Launching our conversational virtual assistant is only the beginning of AI capabilities on our platform." This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 25, 2023 09:15 AM Eastern Daylight Time

How Shapeways Is Helping Small And Midsized Manufacturers Digitize Their Operations Through Its Proprietary Software

Benzinga

By Faith Ashmore, Benzinga Shapeways Holdings, Inc. (NASDAQ: SHPW), a major player in the field of digital manufacturing, is currently redefining the global manufacturing industry. Shapeways is achieving this shift through enabling on-demand manufacturing and simplifying complex production through its proprietary software system. The company is helping other small and midsized manufacturers do the same, providing access to Shapeways’ proprietary software and supporting them in digitizing their operations, growing revenue, and expanding manufacturing capabilities. “The manufacturing industry is one of the largest markets that has yet to be digitized. We see large manufacturing companies investing in digital transformation, but the smaller and midsized players have often missed out,” shared Gregory Kress, CEO of Shapeways. “We want to help them achieve the same benefits as those larger companies.” Realizing a need–and recognizing the opportunity–to reshape manufacturing, Shapeways responded with the launch of OTTO, a proprietary software platform that streamlines ordering, performs file analysis, and accelerates production. OTTO offers advantages beyond optimizing labor efficiency, asset utilization, and inventory costs. This powerful software platform also strengthens relationships between manufacturers and their customers, encouraging growth and paving the way for future opportunities. Acquiring MFG in 2022, Shapeways further reinforced the connection between their manufacturers and buyers by deploying software features and services to the platform. MFG.com now provides an end-to-end procurement and management system, helping manufacturers increase productivity and revenue. The MFG service benefits business owners, industrial designers, and engineers. Shapeways recently introduced MFG Materials, a new software offering on the MFG platform. This addition provides manufacturers with access to a wide range of raw materials at an average discount of 15% off list prices. Reflecting Shapeways' commitment to the manufacturing sector, this innovative solution is designed to tap into the large and growing global raw materials market, with aluminum alone valued at $169.8 billion in 2021. This market is projected to reach $277.5 billion by 2030, according to Precedence Research. Building on user feedback, Shapeways also developed MFG Transactions within the MFG platform. Requested by 92% of MFG buyers, this practical solution allows manufacturers to handle invoices and payments directly. Shapeways introduced the 3D Model Viewer too, a sophisticated tool that simplifies the quoting experience, showcasing all the files a potential buyer uploads with their RFQ (including 2D files). The 3D Model Viewer not only enables interactive highlighting and grouping of intricate details, but also delivers precise measurements and superior visualization techniques. Leading with world-renowned expertise and advanced software, Shapeways is well-positioned to revolutionize the manufacturing landscape. By extending their innovative, on-demand manufacturing services and software to a broad range of industries, Shapeways allows other companies to tap into their knowledge and insights to remain competitive in an ever-changing modern market. Read more about what Shapeways is doing in the manufacturing and software industries. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 25, 2023 09:15 AM Eastern Daylight Time

Trailblazing DFS Platform GameBlazers Launches for 2023 Football Season

GameBlazers

GameBlazers, a brand new fantasy game empowering sports fans to create and manage their own experience, today announced that its groundbreaking platform is live for the 2023 football season. Users can start playing now at GameBlazers.com. Instead of picking players in a traditional draft, users build their rosters by purchasing digitally-based Athlete Items in Item Packs or individually on the built-in marketplace. Users can then enter them in different season-long or weekly gaming structures for prizes and rewards. To further set itself apart from traditional fantasy, there isn’t just one of each Athlete Item available in the GameBlazers’ ecosystem. Player Items have a Multiplier assigned to them, so every point an Item earns is then multiplied by 1.0 through 1.5, increasing in.1 increments. This unique feature allows Athletes that might be lower on the Top 100 to become more valuable, which makes for a deeper and expanded player pool. “The way we enjoy video games, music and other forms of entertainment along with how we collect, trade and manage assets have all adapted to the modern age, but fantasy sports has seen little advancement in two decades,” said Rourke Sturthers, CEO of GameBlazers. “Our goal with GameBlazers is to create a platform that truly bridges the gap between the modern and future worlds of fantasy sports into a first-of-its-kind user experience. GameBlazers looks to modernize fantasy sports entirely. Our innovative gameplay mechanics gives players the opportunity to be the Owner, GM and Coach of their fantasy franchise.” Once an Item Pack is opened, Items can be used in lineups and other gaming structures, or sold in the GameBlazers marketplace. While not NFTs, Users will have a wallet, or Roster, where Items will live, enabling them to grow their collection without constraints on Roster size. Another gameplay mechanic where GameBlazers differentiates itself is the lifetime of Player Items. Some of the items have an “unlimited” lifetime, expiring only after the Athlete retires and can be used from season to season. Others will have a lifetime duration of 12-months from the Pack open date. GameBlazers has also taken concepts from the video game world and added battle pass-like mechanics to the ecosystem, rewarding Users over time for regular participation. Recently, GameBlazers signed agreements with Full Moon Sports Solutions and Raging Moose to help with partnerships, licensing, and product development of the platform. Full Moon Sports Solutions is a strategy consulting firm specializing in business and product development for the fantasy, gaming and sports betting industry and has aided in developing strategic partnerships and licensing opportunities with professional sports leagues and associations. Raging Moose is a technology consulting group specializing in game design and gameplay mechanics. Having worked on FIFA Ultimate Team, the group is assisting GameBlazers in developing a proprietary Item Distribution Framework that assigns the Athletes, Multipliers, Rarities and other forms of metadata to the in-game Items. Sign up to play and read more about the platform on GameBlazers.com. About GameBlazers GameBlazers is a new sports gaming platform bridging the gap between the digital and physical worlds into a first-of-its-kind user experience. GameBlazers blends the best elements of fantasy sports, sports gaming, and collectible in-game items to create a more sustainable and more engaging gameplay. GameBlazers enables innovative gameplay mechanics that give Players the opportunity to be the Owner, GM and Coach of their Fantasy Franchise. For more information or to join the beta, please visit: https://www.gameblazers.com/ Contact Details Sterling Randle srandle@hotpaperlantern.com Company Website https://www.gameblazers.com/

August 25, 2023 09:05 AM Eastern Daylight Time

Icon Music Presents Ricki Dhindsa's Latest Track 'Pindan Waley', a Musical Masterpiece

B4U Music

Renowned Punjabi singer Ricki Dhindsa has once again captivated music lovers with the release of his latest track under the prestigious Icon Music label. The new song, titled Pindan Waley, is a testament to Dhindsa's artistic prowess and his ability to create a harmonious blend of traditional and contemporary musical elements. Ricki Dhindsa, a name synonymous with soul-stirring melodies and poignant lyrics, has consistently pushed the boundaries of Punjabi music. His distinctive style has garnered him a dedicated global fanbase, and his latest offering is poised to cement his position as a trailblazer in the industry. To watch the video click on this link: https://youtu.be/fhhP8Xbpu_U Pindan Waley is a musical journey that transcends genres, seamlessly fusing Punjabi folk influences with modern sounds. The song's lyrics penned by Kebi Dhindsa, delve deep into themes of love, longing, and life's complexities, resonating with listeners on a personal level. Dhindsa's emotive vocals are complemented by the track's rich instrumentation, which showcases his meticulous attention to sonic detail. Ricki has lent his vocals and also composed the song. The project is digitally powered by B4U. In a statement about the release, Ricki Dhindsa expressed his enthusiasm, saying, "This song describes the comparison between traditional village life and Western modern-day living. There is a message for the listeners who relate to the song that people should never forget their roots." His passion for music and his gratitude towards his fans shine through his words, reflecting the sincerity that he infuses into his compositions. He further stated that the song is inspired by traditional folk music. The instrumentation used is very roar. An instrument called a Dilruba is used after the chorus along with a heavy trap beat, combining both old and new sounds together. The clothing worn in the music video is also very old school. Again keeping it very in touch with the Punjabi culture. Sharing about the song, Ricki said, "Tractors and jeeps were also used in the video to emphasise the folk nature of the song. As these vehicles are Punjabi's pride and joy. The chorus is repeated quite a lot throughout the song and is very catchy for the listener to remember." "The dialogue at the end of the spoken song is very touching. It states that we are from the village Dhindsa, we are very proud people, we have big dreams and work hard for everything we do. Our look and style are unique, and we will stand out from the rest," artist said. Pindan Waley is accompanied by a visually stunning music video that adds another layer of depth to the song's narrative. The video is a visual feast that transports viewers into the world of the song, enhancing the overall experience. Fans and music enthusiasts have eagerly awaited Ricki Dhindsa's latest release, and the initial reception has been overwhelmingly positive. The track's popularity on streaming platforms and social media is a testament to the artist's ability to strike a chord with his audience. As Punjabi music continues to gain global recognition, artists like Ricki Dhindsa are at the forefront of this cultural movement. With Pindan Waley, Dhindsa not only delivers an exceptional musical composition but also reinforces the significance of preserving traditional roots while embracing innovation. In conclusion, Ricki Dhindsa's collaboration with Icon Music on Pindan Waley is a musical milestone that exemplifies his creative genius. The track's ability to evoke emotions and connect with listeners ensures that it will remain a cherished piece in the mosaic of Punjabi music for years to come. As Dhindsa's fanbase grows and his influence extends, there's no doubt that his artistic journey will continue to inspire and resonate with music lovers worldwide. Contact Details Cross Media Production Hitesh Jain +91 99887 44577 crossmediapromotion@gmail.com Company Website https://www.b4umusic.in/

August 25, 2023 08:43 AM Eastern Daylight Time

QYOU Media’s Q TV Launches New Original Series Deploying AI Anchor

QYOU Media

Contact Details Doug Barker +1 437-992-4814 shareholder@qyoutv.com Company Website https://www.quoumedia.com

August 25, 2023 07:30 AM Eastern Daylight Time

Video

Speed, Art, and NFTs Converge: Bybit and Oracle Red Bull Racing’s Velocity Series Collaboration

Bybit

The world's third most visited cryptocurrency exchange, Bybit, is proud to announce the highly-anticipated NFT release by Rik Oostenbroek for the Velocity Series, a Web3 collaboration between Bybit, Oracle Red Bull Racing, and top digital artists. On Aug. 24, Dutch artist Rik Oostenbroek will release two NFT collections for the Velocity Series, including an exclusive NFT collection only available for purchase by Velocity Pass NFT holders, and a limited edition exclusively gifted to Velocity Pass holders. “Momentum” will be available for sale to Velocity Pass holders via a Dutch auction. Marking Rik's debut in the realm of 3D-generated artistry, this collection ventures into uncharted territory, allowing data and machines to dictate the final outcome. The second collection: “Flow State,” is a limited edition of 1000 NFTs — all of which will be gifted to the 1000 Velocity Pass NFT holders via an airdrop. To enhance its exclusivity, this collection will not have a public sale beyond the airdrop. The Velocity Pass is a premium NFT that grants art enthusiasts access to four Bybit-powered NFT releases from the Velocity Series, coinciding with the Dutch, Japanese, United States, and Abu Dhabi Grand Prix. The pass also provides holders chances to win rare prizes from Oracle Red Bull Racing and Bybit. The first collaborating artist from the Velocity Series, Rik Oostenbroek's signature lies in his dynamic shapes, abstract forms, and meticulously chosen color palettes. Having crafted visual wonders for brands such as Nike, Apple, and Paramount Pictures, Rik now steps into the NFT realm, garnering widespread acclaim from collectors and fellow artists alike for his mesmerizing creations. “This collaboration is all about combining technological advancement and artistic imagination, opening a space for connoisseurs of art, collectors, and motorsport aficionados to converge,” said Anndy Lian, Head of Partnerships at Bybit. “The Velocity Series intertwines the realms of high-octane racing and NFT creation, delivering an experience that captures the essence of both worlds.” “We are so pleased to see this first and very exciting NFT collaboration drop as part of the Velocity Series,” said Caroline Buckland, Head of Fan Engagement at Oracle Red Bull Racing. “It celebrates the combination of art, innovation, the thrill of racing, and Rik’s mesmerizing creativity.” For more information and updates about the Velocity Series, please visit Bybit's official website or follow Bybit and Oracle Red Bull Racing on social media platforms. //ENDS #Bybit #VelocitySeries #RedbullRacing #BlockchainArt Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For media inquiries, please contact: press@bybit.com For more information please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media Contact Details Bybit Team press@bybit.com Company Website https://www.bybit.com/en-US/

August 25, 2023 04:36 AM Eastern Daylight Time

News Release

Three of the Best Passive Income Altcoins: Vechain (VET), Lido DAO (LDO), Everlodge (ELDG)

Total Media

In the dynamic realm of cryptocurrencies, there are select altcoins that stand out for their potential to provide passive income. Among these, Vechain (VET), Everlodge (ELDG), and Lido DAO (LDO) are prominent names that have gained traction. Particularly, Everlodge piques interest as it is currently in its presale phase, presenting a golden opportunity for early investors to get involved in what could be a promising source of steady earnings. Join the Everlodge presale and win a luxury holiday to the Maldives Everlodge (ELDG): A Fresh Take on Property Investments By introducing fractional property ownership through Non-Fungible Tokens (NFTs), Everlodge promises a tantalizing proposition: owning a slice of luxury properties, like a $9 million New York apartment, for an investment as low as $100. Real estate, traditionally considered one of the most stable investments, combined with the agility and flexibility of blockchain, has created a formula that's attracting millionaires like magnets. They see it not only as a chance to diversify their portfolios but as an opportunity to be part of an innovative wave set to revolutionize property investments. Everlodge's property NFTs, backed by tangible assets, offer an unparalleled level of security in the crypto space. The digital tokens represent real estate ownership, which can be traded or sold seamlessly on the platform. But that's not all. The Rewards Club feature allows investors to earn complimentary stays in luxurious properties, further blurring the lines between luxury experiences and investment assets. Members can even "flip" their earned nights, introducing yet another source of passive income. The currency of this novel ecosystem, the ELDG token, is the linchpin that holds all these features together. Holders can even stake their ELDG for passive income staking rewards. For early investors, the potential upside is enormous. The token's initial offering at a mere $0.010 during phase 1 of the presale allows investors to get on board at the lowest price point possible. With all these features — real estate-backed NFTs, rewards club, staking opportunities — there's no doubt that Everlodge is one of the best passive income altcoins in the market today. Analysts can see the ELDG token rising to $1.00 as it begins to pick up steam. Vechain (VET): Simplified Rewards with Mobile Wallet VeChain is a blockchain-based platform that was founded in 2015 with the aim of disrupting the supply chain industry. Vechain has become one of the leading players in this space due to its innovative use of distributed ledger technology (DLT) and smart contracts. VeChain works on a dual-token model, in which the VTHO token is used to power transactions within the platform. This creates a passive income stream for holders of the native VET token by incentivizing them to hold their tokens instead of selling them on exchanges. All staking can be done via the mobile wallet, so users don't need to invest in specialized hardware or make any technical knowledge. Furthermore, the staking rewards are distributed on a daily basis, so users can quickly start earning income from their VeChain holdings. The only downside is the slow bleed in the VeChain price. After hitting $0.28 in 2021, VeChain has fallen 94% to a current price of just $0.01663. Analysts see the VeChain price oscillating between $0.010 and $0.020 until a crypto-wide bull run emerges. Lido DAO (LDO): Decentralized Earnings, But a Shift to Everlodge (ELDG) Presale Lido DAO is the leading decentralized staking infrastructure. In Q1 2023, Lido DAO soared from a mere $0.93 to an impressive $3.32, primarily driven by excitement surrounding the Lido V2 protocol. However, this meteoric rise was ephemeral, with Lido DAO retracing to its present rate of $1.67. Technical analysis indicates that Lido DAO is ensnared within a symmetrical triangle pattern, a formation that typically heralds a notable price shift. As the pattern's climax approaches at the end of August, Lido DAO market participants remain on tenterhooks, forecasting either an upward thrust revisiting the $3.32 mark or a downward drift to the $1.00 Lido DAO support zone. On the other hand, Everlodge has successfully resisted Bitcoin's bearish undertow, consistently climbing and distinguishing itself from the prevailing market trajectory. Such tenacity could pique the interest of Lido DAO investors scouting for promising prospects amidst turbulent times. Find out more about the Everlodge (ELDG) Presale Website: https://www.everlodge.io/ Telegram: https://t.me/everlodge Contact Details Everlodge Team marketing@everlodge.io

August 25, 2023 04:08 AM Eastern Daylight Time

Exploring Sweepstake Casinos - What Are They?

AM Europe

Sweepstake casinos have become a distinctive and fascinating phenomenon in the constantly changing world of online gambling. These platforms give users the option to enjoy casino-style amusement while negotiating legal ambiguities by fusing components of conventional casinos, social gaming, and sweepstakes law. Due to their rising popularity, it's important to explore both the thrills and dangers they may present. If you are interested in a comprehensive breakdown of sweepstake casinos, we recommend visiting Livemint.com to learn more The Concept of Sweepstake Casinos Sweepstake casinos are a cross between sweepstakes and conventional internet casinos. Their primary function is that of an entertainment medium where gamers can access a selection of casino games like slots, poker, blackjack, and roulette. The unique aspect of the game is how the participants engage; rather than directly wagering real money, they purchase virtual tokens or coins that they may use to play the games. Players that win receive additional virtual tokens that may be exchanged for cash or gift cards. By structuring the gameplay as a sweepstakes, where players' purchases are considered as entries rather than bets, sweepstake casinos circumvent gambling laws in this way. They are able to operate in areas with stronger gaming regulations because of this strategy. The Appeal of Sweepstake Casinos Numerous causes have led to a sizable following for sweepstake casinos, including: Legal Ambiguity Their appeal is largely due to the murky legal waters in which they operate. Due to this ambiguity, players from places with strict gambling laws are able to enjoy casino-style activities without breaking the law. Entertainment Value Sweepstakes casinos offer comparable levels of excitement and involvement to regular casinos. A huge selection of games, gorgeous graphics, and interactive elements are available to players, simulating the excitement of a real casino. Social Interaction A lot of sweepstakes casinos have social features that let players communicate with friends, offer virtual presents, and even engage in friendly competition. The overall gaming experience is improved and made more engaging by this social component. Potential Risks and Concerns Although they provide a novel method to enjoy casino games, sweepstake casinos are not without risk: Lack of Regulation Due to the legal limbo in which these platforms operate, there may not be enough effective regulation. Concerns regarding fair gameplay, open odds, and the security of players' personal and financial information are raised by this lack of oversight. Addictive Nature Sweepstakes casinos, like conventional casinos, can be addictive because of their layout, which causes the release of dopamine, or the "feel-good" neurotransmitter, which is addictive. In search of the next win, players can be motivated to keep playing, which could result in obsessive behaviour. Financial Loss Although players purchase virtual tokens rather than placing wagers with real money, the costs can build up quickly. Some players could fail to realize that they are exchanging real money for virtual goods, putting a burden on their finances. Gateway to Real Gambling There isn't always a clear distinction between traditional gaming and sweepstakes casinos. The crossover to actual online gambling may appear logical to people who have a taste for casino-style activities on sweepstakes sites, which could result in problem gambling behaviours. Conclusion In the realm of online gaming, sweepstake casinos have carved out a special place for themselves by providing players with an exciting fusion of casino thrills and sweepstakes allure. These sites have drawn a wide range of players looking for amusement and social connection because of their legal ambiguity. The absence of adequate regulation, the potential for addiction, and the associated financial hazards, however, are factors that must be disregarded. Players must approach sweepstake casinos with understanding and prudence as they continue to gain popularity. Moderation, ethical gaming, and a comprehension of the platform's features are essential, just like they are with any kind of entertainment that involves spending money. Players must traverse the world of sweepstake casinos with their eyes wide open, measuring the excitement against the possible risks as policymakers and regulatory organizations debate how to categorize and regulate these platforms. Contact Details AM Europe J Stewart joshua.stewart@acroud.com

August 25, 2023 03:00 AM Eastern Daylight Time

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