Blockchain Lottery Megapot Partners with Protocol Guild to Fund Ethereum Developers
Decentralized lottery protocol Megapot has announced a partnership with Protocol Guild, an independent funding collective for Ethereum protocol contributors, to launch what they claim is the crypto industry's first programmable charity lottery. Under the arrangement, users can purchase daily lottery tickets through a dedicated Protocol Guild portal, with 100% of referral fees from ticket sales automatically distributed via smart contracts to Ethereum developers supported by Protocol Guild. The prize pool exceeds $1.1 million. This initiative addresses growing concerns about sustainable funding for Ethereum's core infrastructure. While Ethereum underpins billions in DeFi and crypto trading, many core developers earn significantly less than peers elsewhere. Protocol Guild has distributed about $38 million to Ethereum contributors since 2022 but estimates annual needs of $30-60 million for network maintenance and scaling.
Key facts
- Megapot and Protocol Guild launch crypto's first programmable charity lottery.
- 100% of referral fees from ticket sales fund Ethereum developers via smart contracts.
- Prize pool exceeds $1.1 million for daily lottery draws.
- Protocol Guild estimates $30-60 million annual funding needed for Ethereum.
- Model mirrors traditional charity lotteries but with onchain transparency.