Solana-Based Onchain Casino Says It Is Shutting Down

The platform identified in the source as a Solana-based onchain casino follows earlier claims by crypto commentator Cobie that top influencers were paid as much as $500,000 a month.

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Summary

A Solana-based onchain casino (blockchain-based betting platform) said it is closing down, according to the source provided. The post also references claims made last year by crypto commentator Cobie that the platform had been paying top influencers up to $500,000 per month. No reason for the shutdown, timeline for closure, or additional operational details were included in the source.

Terms & Concepts
  • Onchain casino: A gambling platform that runs on a blockchain, with transactions or game activity recorded onchain (directly on the blockchain).
  • Solana: A blockchain network designed for high-speed and low-cost transactions, commonly used for decentralized applications.
  • Influencer payments: Compensation paid to online personalities to promote a product or platform, often as part of customer acquisition or brand marketing.