Megapot, a blockchain-based lottery built on Base, has raised $5 million in a pre-seed round led by Dragonfly Capital, with participation from Coinbase Ventures, Bankless Ventures, and the founders of gaming brands FanDuel, Betfair, and MyPrize.

The protocol operates as a daily lottery where tickets cost $1 each, with a $1 million jackpot pool drawn every day. Unlike traditional state or national lotteries, Megapot is open globally — players from 124 countries participated in its first lottery, which ran with jackpots exceeding $1 million and paid out 19 jackpot winners since launching in 2024.

The team, which includes alumni from Uniswap, PoolTogether, Microsoft, and BuzzFeed, says the funding will be used to expand globally, launch new game experiences, and make it easier for developers and gaming operators to build on top of the Megapot protocol.

One notable aspect of Megapot's architecture is its composability. Earlier this week, a developer integrated Megapot ticket purchases into a trading bot, enabling users to buy lottery tickets from WhatsApp, Telegram, X, and Farcaster via natural language commands — a use case the Megapot team publicly highlighted as a sign of what's possible on composable blockchain protocols.

The daily lottery format is designed to create the kind of habitual engagement seen in viral daily games. Megapot has already built a user base with players maintaining 30-day streaks and jackpot winners as large as $207,076.

Megapot is live at megapot.io on Base. Results are verifiable on-chain.