M42, Constellation & DFNN Unveil the First Blockchain and Crypto-Integrated National Lottery

Summary:
The Philippines is set to become a leader in blockchain technology by launching the world's first blockchain and cryptocurrency-integrated national lottery, thanks to the collaboration between M42, Constellation, and DFNN. This innovative project aims to enhance the digital gaming experience and attract new users by incorporating cryptocurrency for lottery ticket purchases.

Key Takeaways

The Philippines leads in integrating blockchain technology into regulated sectors, notably the lottery.
Approximately 13% of the population in the Philippines is using cryptocurrency.
The partnership enables the purchase of lottery tickets using cryptocurrency, enhancing transparency and security.
DFNN Group will provide regulatory expertise and operational support to the project.

M42, Constellation & DFNN Launch World’s First Blockchain and Crypto-Integrated National Lottery

The Partnership

This innovative partnership will make it possible for users to purchase national lottery tickets with cryptocurrencies. On the technical side, M42 and Constellation Network will collaborate closely to integrate the Hypergraph Network, a decentralized framework designed for secure, scalable, and transparent data exchange across Web3 and enterprise environments. This framework's security and decentralized validation features rely on Constellation's native cryptocurrency, DAG. Furthermore, M42 and Constellation will work together with DFNN Group, one of the Philippines' leading technology firms with expertise in regulated gaming, to provide essential regulatory support and infrastructure.

A Global Opportunity Awaits

This collaboration creates an exceptional environment for blockchain-driven innovation by combining a strong commitment to cryptocurrency with a readiness to adopt new technologies in established sectors. In addition to the planned options for crypto-based payments, the project will offer transparent lottery drawings and facilitate regulated participation from users across borders. The partnership will also explore compliance-focused digital business models to streamline processes, payments, and user experience.

M42, a global leader in digital transformation, provides innovative technology solutions across various industries. The company utilizes AI to promote fairness, justice, and efficiency, drawing on its deep expertise in cybersecurity, cloud computing, and AI to support growth for clients worldwide.

Constellation Network specializes in automating validated data for the AI era. Based in the U.S., its Hypergraph Network enables scalable, secure, and interoperable data sharing across enterprises and Web3. Notably, the company has successfully provided validated process solutions to the U.S. Department of Defense for over six years.

DFNN, Inc., listed as "DFNN" on the Philippine Stock Exchange, has been a premier provider of IT solutions and systems integration since 1999. The company excels in ensuring secure financial transactions, developing software and middleware, providing IT support services, and executing turnkey projects, drawing on its experience within the financial sector.

Moreover, DFNN Group holds licenses from the Philippine Amusement and Gaming Corporation (PAGCOR) for various gaming activities, including digital and pari-mutuel games, sports betting, and Electronic Gaming Machines (EGMs) through its subsidiaries. With a solid track record, DFNN believes it is poised to pursue new opportunities across diverse industries, having emerged as a key player in technology.

In addition to its services in banking, online trading, and stock exchanges, DFNN Group is also legally allowed to manage multiple exchanges, and it works within the global digital asset and cryptocurrency industries, as well as payment solutions within the Freeport Area of Bataan (FAB).

Forward-Looking Statements

This announcement includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of M42's management regarding future events and expectations at the time of writing. Various risks and uncertainties can affect the accuracy of these statements, many of which are beyond M42's control. M42 assumes no responsibility to publicly update any forward-looking statements unless required by law.