Yeet.com a new cryptocurrency casino and sportsbook announced that it raised $7.75M in a financing round, led by Dragonfly. Angel investors such as LayerZero CEO Bryan Pellegrino, and Pudgy Penguins’ CEO Luca Netz also participated.
The company—founded by well-known crypto personalities Michael Anderson, pseudonymous trader Keyboard Monkey, and professional poker player Ben Lamb—aims to create a strong connection with crypto natives thanks to the expertise of its founders and their reputations from building in the space.
Disclaimer: Anderson is a DASTAN investor. Decrypt’s Parent company. DASTAN president Farokh Sarmad, is an investor in Yeet.
“Yeet's tagline is Crypto's Casino—meaning it’s built by crypto people, for crypto people,” Anderson, who is better known as Mando among crypto enthusiasts, told Decrypt. “We use crypto as payment rails, but it’s much more than that—our brand, team, and even the games themselves are deeply ingrained in crypto culture,” he said.
The gambling platform offers a wide range of games, including traditional games such as blackjack and roulette along with new crypto-focused ones. For example, users will be able to engage with casino games that replicate the experience of minting NFTs, trading meme coins, and “getting rugged” in DeFi—the sorts of applications that allow crypto users to trade, borrow, and lend crypto assets without intermediaries.
In the beginning, Yeet’s focus will be on offering high-stakes, entertaining gambling experiences, rather than on-chain gaming. However, it could look into incorporating provably faire games in future via on-chain Verifiable Randomness (VRF).
“Crypto users love risk. Keyboard Monkey co-founder Yeet said: “They trade with 100x leverage already, they buy random meme coins and gamble in crypto on everything from NFTs to airdrops.” Decrypt. “Crypto needs entertainment… and when trading slows down like right now, we all still want fun, fast-paced, gambling experiences—but ones that feel native to our world.”
The casino, and the sportsbook that will follow, will also offer users access via Telegram. This trend was made popular by meme coin trading apps that let users buy and sell tokens from popular messaging applications.
As for competing with big name crypto casinos like Stake, Shuffle, and Rollbit, co-founder Ben Lamb expects the brand's deeply native crypto roots and culture to help the upstart pull market share.
Lamb said that “Yeet is unique in being deeply cryptonative.” Decrypt. ““Yeet doesn’t try to compete with those platforms,” said he. We offer something that they do not. We are Crypto's Casino.”
Lamb also pointed to deals with “shitposters,” traders, and founders in the crypto space, and the casino’s plans to offer a multi-tier affiliate program and an extensive VIP rewards program—plus an initial points program that will lead to an airdrop. “Wen token?” He said.
U.S. players will not be allowed to use Yeet under the Anjouan license and Curacao licence. According to Anderson, Yeet will instead focus on Asia, Latin America and Canada as well select European markets.
Users of Yeet will have the ability to deposit money on multiple Ethereum compatible chains as well as Bitcoin and Solana.
