A blockchain lottery plans to turn crypto gambling fees into Ethereum developer funding

Decentralized lottery protocol Megapot is partnering with Protocol Guild to create an onchain “programmable charity” lottery that routes 100% of referral fees from ticket sales to Ethereum core developers. The daily lottery offers a prize pool exceeding $1.1 million and uses smart contracts to distribute proceeds transparently, aiming to address a growing developer funding shortfall (Protocol Guild estimates $30–$60 million needed annually). The move could strengthen long‑term funding for Ethereum infrastructure and reduce reliance on ad hoc donations, supporting network resilience and developer retention — a positive for the Ethereum ecosystem though not an immediate price catalyst for ETH.