Ryan Gittleson’s Vision for Virtue Poker Finally Comes to Fruition
Ryan Gittleson has been working towards combining crypto and poker for a long time, and his company, Virtue Poker, is finally making progress. Founded in 2016 and incubated by ConsenSys, Virtue Poker aims to decentralize online poker by using smart contracts. However, the project faced challenges due to the lack of scalable Ethereum networks and legal restrictions on unlicensed online gambling.
Main Breakdowns:
- Virtue Poker was incubated by ConsenSys and completed a $12.5 million token sale in 2018.
- The project struggled due to the lack of scalable Ethereum networks and legal restrictions on online gambling.
- Virtue Poker obtained a gaming license from Malta and launched a legal play-to-earn poker game in the US.
- The company faced difficulties in attracting and retaining users, leading to a temporary shutdown.
- Virtue Poker has now beta-launched under a new format, aiming to redefine poker using crypto tools and innovation.
Despite the challenges, Gittleson believes in the potential of his vision. He is dedicated to bringing innovation to the poker industry and creating a seamless on-chain poker experience. The beta-launch of Virtue Poker marks a significant step towards achieving this goal.
Hot Take
Virtue Poker’s beta-launch is an exciting development for crypto enthusiasts and poker players alike. By leveraging the power of smart contracts and blockchain technology, Virtue Poker has the potential to revolutionize the poker industry and provide players with a fair and transparent gaming experience. While obstacles remain, Gittleson’s determination and commitment to innovation are commendable. The future of decentralized online poker looks promising with Virtue Poker leading the way.
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