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Megapot is a fully on-chain daily lottery protocol built on Base. Smart contracts manage ticket sales, prize distribution, and random number generation, using Pyth entropy to ensure verifiable fairness. Users can buy static-number or randomly generated dynamic tickets, with options for single purchases or auto-subscriptions across multiple draws. Winnings are claimed directly in USDC. The protocol also includes a referral reward mechanism and exposes contract interfaces and a data API for developers to integrate or build custom features.
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About Megapot
Megapot is an on-chain lottery protocol built on Base, offering a $1 ticket, daily draws, and a single global jackpot pool. Since July 2024, it has processed over $200 million in drawings with 19 jackpot winners.
Its core innovation is a liquidity provider system that backstops the prize pool, solving the classic lottery chicken-and-egg problem. Roughly 77.5% of ticket sales return as prizes, ~12.5% goes to backers funding the pool, and ~10% to referrers. Winning numbers are generated via Pyth Entropy, making draws provably fair and verifiable on-chain.
Traditional lotteries keep up to 70% of sales for administration and government programs, with opaque draws and slow payouts. Megapot returns 100% to the community, offers instant global payouts, and allows anyone to verify results independently.
In the past six months (2026-03-13 to 2026-09-13): In June 2026, the backer share was reduced from ~20% to ~12.5% per ticket, redirecting the difference into larger prize payouts. In September 2026, Lotpot launched as the first independent third-party app built on Megapot's protocol, integrating P2P.me for fiat-first access in emerging markets including India, Brazil, Argentina, Colombia, and Nigeria, enabling local currency payments without requiring crypto knowledge.
Founded in January 2024 by Patrick Lung, Megapot launched as an on-chain lottery protocol on Base, aiming to create a global lottery with a single shared jackpot.
In 2024, the project's initial experiment attracted players from 124 countries, validating cross-border demand. By early 2026, Megapot had recorded 19 jackpot winners, with the largest single payout reaching approximately $207,000.
On March 26, 2026, Megapot announced a $5 million pre-seed round led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and founders of FanDuel, Betfair, and MyPrize. The same week, it launched a fully rebuilt global lottery platform, expanding ticket purchases to over 150 countries while remaining unavailable in ~30 jurisdictions including the US, UK, and France.
The funding supports global expansion and the development of an open protocol that allows third-party developers and gaming operators to build on Megapot's infrastructure, positioning it as a potential infrastructure layer for cross-border blockchain lotteries.
Megapot (megapot.io), an onchain lottery protocol, has seen major developments in the past six months (2026-03-08 to 2026-09-08).
On March 26, 2026, Megapot announced a $5M pre-seed round led by Dragonfly, with participation from Coinbase Ventures, Bankless Ventures, and founders of FanDuel, Betfair, and MyPrize. This validates the vision of a global, unified lottery pool.
On April 16, 2026, Megapot launched on Tempo Mainnet, a stablecoin-focused blockchain incubated by Stripe and Paradigm (raised $500M at $5B valuation). This expands payment rails for players across 124 countries.
On May 15, 2026, Lotpot went live — an independent, IRL-first jackpot app built on Megapot's open protocol, integrated with P2P.me for fiat on/off-ramps in emerging markets (India, Brazil, Argentina, Colombia, Nigeria). This demonstrates the protocol's composability.
On June 25, 2026, protocol parameters were updated: the house edge was reduced from 20% to 12.5%, jackpot odds improved by 20%, and common prize tiers increased by up to 50%. A Summer Backer Bonus (up to $54,000, ~20-25% APY over 90 days) was introduced for liquidity providers.
Megapot also integrated x402 and MPP (via Paysponge), becoming one of the first consumer apps enabling AI agents to purchase lottery tickets via a single HTTP call — positioning itself for the agentic internet.
Future roadmap focuses on: expanding multi-chain support (Tempo, Base, more), deepening AI-agent payment integrations, growing the open ecosystem of third-party frontends (like Lotpot), and scaling toward a global daily jackpot with millions of participants.
Patrick Lung: Founder. Former Product Manager at Uniswap and Microsoft; founded NFT aggregator Genie (acquired by Uniswap).
Brian Weickmann: Founding Protocol Engineer. Former smart contract developer at Set Labs, managed $750M in assets; co-founder of ZKP2P.
Andrei Taraschuk: Engineering Lead (Distribution Engineer). Formerly at GRITCULT, now Engineering Lead at Megapot.