Decentralized lottery protocol Megapot is partnering with Protocol Guild to launch what they call the crypto industry's first programmable charity lottery — one that automatically routes referral fees from ticket sales to Ethereum core developers via smart contracts.
Users can buy tickets through a dedicated Protocol Guild portal for a daily lottery with a prize pool exceeding $1.1 million. Every referral fee generated flows directly and transparently onchain to the engineers maintaining Ethereum's base layer. The model mirrors traditional charity lotteries like the U.K. National Lottery, but removes administrative overhead entirely.
The initiative targets a real funding gap: Protocol Guild has distributed roughly $38 million to Ethereum contributors since 2022, but estimates the network requires between $30 million and $60 million annually to maintain and scale.
CoinDesk