Bitokun Labs, a decentralized lottery platform, won a $1,000 grant at a Web3 startup-pitch competition hosted by the NODO, the pan-African Web3 Discovery and News platform.

At the event dubbed Web3 CONNECT Africa held in Lagos, Nigeria on April 25, Bitokun CTO Osazee Oghagbon received a $1,000 grant.

NODO Grants are designed to support the development of African Web3 projects, and help accelerate mass production of the products and give financial opportunities for both African startups and consumers. NODO is backed by EMURGO Middle East & Africa.

Bitokun, founded by Abdulrasak Bernard (CEO), Oghagbon, Princess Bright (COO), and Pelumi Fatolu (blockchain engineer), has developed a no-loss decentralized lottery platform, aiming to solve the issues such as the lack of oversight in centralized lottery systems.

(Osazee Oghagbon and Abdulrasak Bernard (CEO) of Bitokun Labs / Photo by NODO News)

Expert Comments

A panel of NODO Grants experts picks the winner following the certain evaluation process of applications. Some comments from the experts are here:

John Kamara, Founder of Adanian Labs, welcomed Bitokun’s winning solution to bring decentralized oversight to lotteries. Kamara congratulated the Bitokun team for emerging winners of the NODO Grants at the Web3 CONNECT Africa: Lagos event.

“Bitokun’s innovative use of Web3 technologies to ensure fair lottery draws and allow users to track ticket status and view past results sets a new standard for transparency in the industry. We are happy to support Bitokun Labs as winner of NODO Grants at the Web3 Connect Africa: Lagos event.” says Shogo Ishida, Executive Director of NODO and Co-CEO of EMURGO Middle East & Africa.

What Is NODO Grant?

For NODO Grants, applicants are listed on the NODO Grants Leaderboard, where users can access their company profiles, learn more about each applicant’s proposal, and upvote the proposal they like. Listing ensures prioritization in the NODO Grants process but does not guarantee the delivery of the USD$1,000 prize.

All applicants are scored on six equal metrics as shown in the NODO Grants website. All applications go through due diligence and screening. A panel of NODO Experts then review the shortlisted applications and picks the winner.

-Edited by Vincent Matinde