AppYea Inc. Acquires Techlott's Blockchain Lottery Platform

AppYea Inc. has announced the acquisition of Techlott Ltd.'s blockchain-based lottery and gaming platform as part of a strategic shift toward the institutional lottery market. This acquisition provides a technology package ready for enterprise deployment, addressing inefficiencies in legacy lottery systems. Techlott's platform offers transparency through its Web3 architecture, lowering operating costs and enhancing security via smart contracts.

Market data indicates a growing lottery industry, with forecasts showing significant market expansion by 2030. This acquisition positions AppYea to capitalize on a largely undigitized market. The company plans to integrate Techlott's technology, focus on government and enterprise deployments, and prepare for a possible uplisting to a US exchange.

As Techlott joins AppYea, both firms aim to bring the platform to market efficiently, sign key contracts, and strengthen their capital structure. The acquisition reflects AppYea's intention to lead in a multi-billion dollar market seeking transparency and efficiency.