Ridotto: Competitor Analysis
Tags: Cryptocurrency, Gambling, Blockchain, Crypto, Bitcoin

Crypto gambling isn’t new; in fact, it’s been around since the hype and mania that came with the bull run of 2017. Yet oddly enough, in the four years since, while plenty of projects have gladly accepted the deregulated landscape and high liquidity, none have fully embraced decentralized philosophy, giving power to the player.

Enter Ridotto: The community casino is here to reinvent the gambling experience by blowing it open with blockchain technology. This goes far beyond making it playable with Bitcoin and other cryptocurrencies, and actually extends to the foundation of the protocol and to the role gamblers have in the ecosystem.

Giving credit where it’s due, other projects have employed elements of blockchain to evolve gambling from the deceitful standard of traditional casinos, but only Ridotto does it all and elevates the game to a new level.

DAO Model

Decentral Games and Pool together took things one step further by introducing the DAO (decentralized autonomous organization) model to gambling, which gives token holders the distinct ability to participate in governance decisions. While yes, it’s true that the power allocated to token holders is restricted by the respective teams, Decentral Games and Pool together still made an important contribution in expanding responsibility to their communities.

Ridotto plans to do the same, only with the important twist, that the right to governance will come hand in hand with the right to bankroll.

Ridotto Exclusive: Decentralized Bankrolling

Decentralized casino bankrolling could be said to be Ridotto’s raison d’être, or reason for existence; as it’s opposite, centralized bankrolling is totally antithetical to the Web 3 movement and the global call for a higher quality of participation.

Ridotto offers this by deconstructing the casino concept and reimagining it without the boundary between players and owners. With Ridotto, the players are the owners — because true decentralization goes beyond the method of currency and actually requires that play isn’t just open source, but profits are too.

Ridotto’s intricate system of liquidity providing will empower investors and gambling enthusiasts alike to bankroll its ecosystem of games. Even better, Ridotto’s system of decentralized casino funding allows the community to provide liquidity in a manner that accounts for their individualized risk preference.

Ridotto Exclusive: Decentralized Building

Taking the decentralized principle, which belongs to Ridotto alone, the protocol will offer its community and B2B partners a seamless and retail-friendly casino-building protocol through which they can develop their very own, hand-tailored casino games and applications.

Here again, via NFT Farming, the goal is to empower all people everywhere, from New York City to New Delhi, with the accessibility to unleash their ingenuity and create gamified gambling experiences via never seen before mini-games and applications.

Like opening floodgates, Ridotto will unleash community creativity in an industry that has been protected behind tall walls and iron clad regulation. For the first time ever, free from technical limitations, gamblers, builders, and bankrollers will combine forces to participate in the game creation process.

Ridotto Exclusive: NFT Farming

By extension, through NFT Farming, the infrastructure for Ridotto build and decentralized casino product ownership will be indisputable and verifiable on the blockchain. To Ridotto, the phrase “decentralized ownership” is more than just a marketing buzzword. It’s a core tenant of the protocol, and a standard by which the team measures all development progress.

With these NFTs, owners can deploy their own slot machines, lotteries, and more at the click of a button and host them both within the Ridotto protocol and on their own website. This rock-sold utility is nothing short of revolutionary, and marks a stark departure from the current generation of art-based NFTs.

Ridotto Exclusive: Multi Chain Casino

Lending to technical superiority, Ridotto has embraced an efficient blockchain agnostic model of development to create the most robust product possible.

This includes deploying the Ridotto casino protocol across all major blockchains, including Matic, Binance Smart Chain, Avalanche, Fantom, Kadena, Cardano and many more as the war of the blockchains separates the wheat from the chaff. Beyond this, as the blockchain space progresses and becomes increasingly interconnected, Ridotto too will be empowered to adopt a more dynamic, robust, and underlying interoperable protocol. The result will be that all Ridotto casino products will seamlessly pivot across protocols, within games and transactions as needed.

From a community standpoint, adopting a multi-chain approach will also enable Ridotto to unite diverse and passionate communities from across crypto’s most influential blockchains. This of course gives central primacy to the Ridotto casino ecosystem, and gives a whole new meaning to “the community’s casino.”

About Ridotto

Ridotto is the very first cross-chain gambling and lottery protocol based on complete transparency, anonymity, security, and fairness. Built on multi chain, our approach is to provide an open protocol driven by the community, where users can play, build, and even bankroll casino games, thus earning generous liquidity. Ridotto’s overarching goal is to elevate the user to the role of “house,” thereby offering a fully scalable alternative to centralized online gambling.

Beyond our vibrant flagship casino, we will unleash retail ingenuity by giving users the decentralized infrastructure to experiment and evolve the gambling ecosystem, much like the App Store did for mobile gaming.

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