Interviews
Exclusive Q&A with Colin Steil, Co-Founder and COO of Cartesi
We usually start with an introductory question. Tell us about yourself. How have you become a blockchain entrepreneur?
I’m Colin, Co-Founder and COO of Cartesi. I am a previous venture capitalist and start-up founder with a passion to make blockchain a reality. I have an expertise in execution and years of experience in community building and business operations across the globe.
I originally got into blockchain while working for my previous venture capital firm, SOSV. We were actively investing in companies in a wide variety of verticals that were always trying to push the boundaries of technology. Some of these companies had discovered blockchain technology early on and were integrating into their existing products, or starting exchanges (such as Bitmex). I got to learn about blockchain through assisting our portfolio companies and fell in love with the technology and the possibilities it brang. From here, I eventually met my current business partners and Cartesi was born.
What is the story of Cartesi? What is special about Cartesi in the blockchain universe?
The Cartesi founding team initially got into blockchain as a result of Augusto Teixeira (our Chief Scientific Officer) being friends with Serguei Popov (Founder of IOTA and inventor of the Tangle).
Serguei Popov, one of our Advisors, initiated Augusto into the crypto scene through the Bitcoin whitepaper and sparked his interest in the technology, knowing that Augusto is a leading expert in cryptography and game theory.
Augusto had the original idea of creating a trustless marketplace for data scientists. Basically, it would allow specialists and companies to engage in a service agreement without the need to know each other or a reputation system. In order to implement that, he invited Diego Nehab (our CTO) to design and implement a reproducible VM capable of running Linux. With this architecture and the protocols Augusto had envisioned, we would be able to make generic computation verifiable by the blockchain. More specifically, the blockchain would be able to initiate routines in the emulator to verify the results sent by the specialists after they completed their jobs. The system would protect the two parties involved, only releasing the funds if the results were proven to be correct.
Later on, after engaging in long discussions, we realized we were tapping into a broader scope. Before Cartesi even had that name, we understood we could actually create a versatile layer-2 Linux infrastructure to overcome the problems of scalability of computation and infrastructure for blockchain applications.
Cartesi is special in the blockchain universe in the sense that it allows decentralized applications to be run within a Linux environment in a way that’s verifiable by the blockchain. Complex processing can be executed off-chain free from blockchains’ computational limits and corresponding fees.
By offering a Linux runtime environment, Cartesi is the only software-based verifiable off-chain compute system that gives developers a vast array of software that evolved in the last 30 years and that enable the applications we use on the Internet today.
You have talked about the twin major objectives of Cartesi in other interviews as well: increasing network efficiency and reducing programming difficult over blockchain? Could you share details about real life projects that actually achieved the objectives?
For sure! No software application is built in isolation. Mainstream mobile/desktop/web Applications today depend on multiple software dependencies that took decades to mature on operating systems like Linux. Cartesi brings all this software infrastructure to blockchain applications. Whereas without Cartesi, blockchain applications cannot use mainstream software, libraries and services, unless they sacrifice decentralization in some way.
Then, there’s the second problem. Besides being hampered by insufficient software infrastructure, decentralized applications also suffer tight on-chain processing limits. So, they can hardly offer a compelling alternative to mainstream centralized applications. They are often hard to build, being clunky and limited for developers and DApp users.
Cartesi solves these three problems by
1) offering developers the software and tools supported by a full Linux OS
2) moving off-chain all the heavy computation over large amounts of data, that blockchains cannot do
3) offering services and a token economy that allows users to securely rely on the network and remain free from inconveniences of blockchain tech (e.g. slow confirmation times, requirement to remain online to resolve disputes, and others).
We have only just recently open-sourced and launched our decentralized tournament infrastructure with Cartesi. With this, we have recently released our first DApp, Creepts – a tournament on a tower defense game. This game showcases a fully decentralized game that was developed using conventional software stocks on Linux and also requiring billions of microprocessor instructions (and thus impossible to run on-chain): https://creepts.cartesi.io
The most significant product from Cartesi for the gaming industry must be Creepts, the blockchain-based game. Tell us more about it.
Creepts is the world’s first fully decentralized tower defense tournament game built with and running on Linux. It is built on top of Cartesi’s Layer-2 Linux solution for blockchains, which is available as an open-source software stack that is under active development.
Currently, Creepts is playable on the Rinkeby Ethereum testnet. In Creepts, players compete against each other to see who can claim the highest score in a fully-featured, real-time, browser-based Tower Defense game map. Players join a tournament by committing their high-scores and game moves to the blockchain, at a negligible cost. The game’s smart contracts then decide who the winner of the tournament is.
In order to play Creepts, players will currently have to go through a rigorous setup experience, downloading docker, setting up Infura, and installing the Cartesi Node. To simplify this in the future, we are now working on a read-write version of Creepts, which will present users with a similar experience to running a normal app without having to deal with any idiosyncracies of blockchain technology.
Is Creepts publically available now? If not, when can we expect to have its public release?
Yes! Creepts is publicly available now on the Creepts website: https://creepts.cartesi.io. We are currently offering both a read-only version which is playable immediately (although centralized) as well as instructions on how to setup the fully decentralize version on Ethereum’s Rinkeby testnet.
What are the values and features that do you think Creepts add to the existing crowded world of games?
Cartesi frees blockchain Layer 2 development from restrictive programming environments. The Creepts game logic that determines player’s scores is implemented in Typescript and runs over a Linux OS. The blockchain components of Cartesi do not care what the software used to write the Creepts DApp is. All it cares about is that Creepts can run inside of the Cartesi RISC-V machine emulator to produce verifiable and disputable game logs and player scores to the tournament contracts.
Cartesi also allows Creepts to be the first blockchain-based multiplayer game that is able to mathematically prevent one of the most impacting cheating vectors in decentralized and competitive virtual worlds from being exploited, which is the injection of arbitrary content into the persisted game state. Creepts can do so while accepting arbitrary off-chain (Layer 2) game logic, written for a Linux OS, incurring massively reduced computational costs for the Layer 1 components of the DApp.
What are the things do you think blockchain technology can bring changes to (let’s say ‘revolutionize’) the gaming and gambling industry?
Blockchain technology brings a lot of advantages and fixes a lot of problems we face in games and development today, largely due to having to trust people. Blockchain can make games self-hosting, so if players love it and are there to pay the transactions, it will never go away or be changed unless mutually agreed upon.
Full decentralization will also make game systems transparent and traceable, with provably fair game-play. This can potentially allow for much higher stakes and bids in tournaments, gambling, or games involving money.
Another big factor is in-game asset ownership. This is something that has already evolved and is quite popular. Blockchain brings the potential for players to truly own their in-game assets, and would even allow them to bring them into other games – this opens up a whole new class of gaming possibilities.
Cartesi is not an exclusive programming platform for the gaming sector. Still, what are the ways in which the existing gaming and gambling software and technologies can make use of Cartesi?
Correct, Cartesi is a general-purpose infrastructure that will enable a new wave of DApps that were not possible before. We are not limited to gaming, but it is a great showcase given the market for DApps and for Cartesi’s technology.
Now that we’ve released our decentralized tournament infrastructure, gaming companies can easily create never before seen tournament DApps without having to know about blockchain development, they can even create these complex games with any software of their choice. In addition, we’ll be launching our SDK and documentation next quarter, which will guide developers to build with Cartesi and venture into different kinds of game development.
We’re looking forward to see what people can come up with in terms of games on Cartesi!
The ongoing Corona outbreak is really in the process of crippling the world economy. Hope your company’s operations are going smoothly. Some experts say this would be like pressing a reset button on all fronts. How do you estimate the future of blockchain technology in a reset world? We would love to hear your views on this.
Our thoughts are with all those who are affected by the current outbreak that is going on. We hope it gets better soon.
It is very hard to predict or understand the effect coronavirus will have in how the world works, but one thing that has become clear is how decentralization is important in times like this. For instance, governments may be acting in haste by printing loads of money to cover up for lack of preparation, which is basically another way to tax the poor. Blockchain, DeFi and cryptocurrencies could be used to protect yourself against government actions such as these depending on where you live in the world. Individuals are growing increasingly scared of authoritarian methods that are employed by governments, and it may be used as an excuse to escalate this authoritarianism around the world, where blockchain would be another good defence.
We are of course hoping things become stable soon and the world carries on. Wishing everyone safety and good health!
If you have some important topic you would like to discuss, we are ready to talk to you! Please contact me on [email protected] and we can set up an interview.
Interviews
Splash Tech: How operators can tap into the hype
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Adam Wilson, CEO at Splash Tech, looks at how operators can best utilise free-to-play (FTP) solutions to drive engagement with their customers.
It is often said that one of the main attractions of sport is the anticipation of the event, even more so than the event itself. How much do FTP games for sportsbooks tap into the buzz around sporting events for fans?
As we saw recently with all the attention paid to Super Bowl in the run-up to the game, people were heavily invested to the extent that even the half-time show became the subject of countless articles in the media and commentary on social channels. Naturally, predicting outcomes for teams and players is a major focus for sports fans worldwide and that is where free-to-play (FTP) games come in for sportsbooks by tapping into the sense of excitement. Combining the lure of free rewards and often big cash prizes with the promise of compelling sporting action definitely creates a perfect storm for marketeers. At Splash Tech, we have the technology and product to create tangible results on the back of pre-game noise, be it in the United States or anywhere else in the world, across all sports.
In terms of technology, across UI/UX, data and other areas, what refinements have you seen that have had a big impact in the way end users interact with FTP games?
Over the years, the FTP vertical has certainly become sophisticated in terms of how slick and engaging games and products are when presented to the end user. The effectiveness of a modern FTP strategy rests on how segmentation is carried out. It is all about rewarding the right user at the right time with the right prize and this is the secret to success.
If we look at dynamic segmentation, player experiences can be tailored to their progress within an operator’s ecosystem. New customers encounter more compelling offers, incentivising initial deposits, while established players experience gamified reward systems, promoting and recognising continued engagement. All incentives are personalised based on player lifetime value, delivering appropriate rewards to each user instantly. By offering players pertinent, timely, and enjoyable games, providers of promotional solutions can significantly boost operator revenue.
You recently struck a deal with Wildz Sports to roll out a series of Daily Predictor and Pick 6 games across a wide range of sports. How do you plan to keep these games fresh and interesting?
Localisation is very important when working with multi-regional partners. You can have the same game types running, but the content has to be tailored to user and regional preferences. With the Wildz Sports deal, we are rolling out game experiences across football, ice hockey, cricket, rugby and all US sports. Naturally, you wouldn’t expect a huge take-up for a cricket-based experience in the United States, but operators have found that it’s a sport that is extremely popular with bettors in other geographies. As such, FTP can play a major role in acquisition and retention in countries and regions that love the sport.
Finally, what is the future direction of FTP games? How can they evolve to become even more seamless and attractive as both acquisition and retention tools?
FTP can and should start at the top of the funnel and follow a user all the way through their journey with a sportsbook or casino. With the data we now have at our disposal, we can trigger real-time game experiences tailored to user preferences, optimised to enhance their loyalty with a brand. Given the diverse preferences of players, a one-size-fits-all approach simply won’t cut it in what is an extremely competitive market. Highly targeted and relevant engagement is crucial for capturing and retaining player attention and neglecting the tools that enable this can be a costly mistake.
The post Splash Tech: How operators can tap into the hype appeared first on European Gaming Industry News.
Interviews
The Future of Responsible Gaming: AI’s Role in Player Protection – Atlaslive’s View
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How does the Atlaslive Platform leverage AI to enhance responsible gaming and player protection as a leading B2B iGaming tech provider?
At Atlaslive, we see AI as a game-changer in responsible gaming, offering smarter, data-driven solutions to protect players while empowering operators. Our platform integrates machine learning tools that continuously analyze player activity, detect early signs of risky behavior, and provide personalized interventions—all while maintaining a seamless gaming experience. The goal is to equip operators with proactive tools that support player well-being without unnecessary friction.
Looking ahead, we’re diving deeper into AI’s potential, exploring more advanced profiling techniques to refine risk assessments and deliver interventions that feel intuitive and effective. The responsible gaming landscape is evolving rapidly, and we’re committed to staying ahead, ensuring our solutions meet market demands and regulatory expectations.
AI is also revolutionizing compliance by automating key processes like KYC verification, real-time player monitoring, and reporting. This not only saves operators time but also strengthens regulatory adherence without adding operational complexity. As AI technology continues to advance, it’s clear that its role in responsible gaming will only grow, creating a safer, more responsible, and ultimately fairer gaming ecosystem where both operators and players benefit.
What AI-driven technologies does the Atlaslive Platform use to detect potentially harmful player behaviors?
The Atlaslive Platform uses real-time behavioral analytics powered by AI to detect patterns that may indicate risky player activity. Our system continuously monitors key behavioral signals, such as sudden increases in deposit frequency or unusually long gaming sessions, helping operators identify potential concerns before they escalate.
We leverage advanced machine learning models to refine these detections, ensuring accuracy and minimizing false positives. However, we also prioritize usability—our AI-driven insights are designed to be clear and actionable, allowing operators to intervene at the right time with minimal disruption. It’s about striking the right balance between cutting-edge technology and practical, real-world solutions that enhance player protection.
What are the opportunities and challenges for suppliers and operators when integrating AI into responsible gaming, player engagement, and operational efficiency?
AI presents significant opportunities for both B2B tech providers and operators in iGaming. On the player engagement side, AI-driven personalization is a game-changer. By analyzing real-time player behavior, AI can recommend games, promotions, or responsible gaming interventions tailored to individual habits. Research shows that AI-powered alerts can be highly effective—over 50% of high-risk players who received targeted warnings adjusted their gambling behavior the same day, with 54% continuing to play more responsibly a week later. This level of personalization not only supports safer gaming but also fosters stronger player loyalty by making interactions more relevant and meaningful.
From an operational perspective, AI enhances efficiency across multiple areas. It automates KYC processes, detects fraud, and streamlines resource allocation. Machine learning models can also identify risk patterns—such as sudden spikes in deposits or extended play sessions—and trigger timely interventions, helping operators act proactively rather than reactively.
However, these benefits come with challenges. Transparency remains a key concern, as players increasingly want clarity on how AI-driven decisions impact them. Studies indicate that over 80% of people have concerns about AI transparency, according to research by Jobin et al. Additionally, navigating evolving regulations, such as the EU’s AI Act, requires operators to ensure their AI tools meet strict standards for fairness, privacy, and accuracy.
Ultimately, while AI is reshaping responsible gaming and operational efficiency, success depends on balancing innovation with compliance and building trust with players. The real challenge lies in leveraging AI’s potential while ensuring ethical, transparent, and player-friendly implementation.
What ethical considerations should iGaming operators keep in mind when implementing AI for responsible gaming?
When it comes to using AI for responsible gaming, operators need to understand that it’s about supporting players, not controlling them. Transparency is very important here, and players should know how AI is being used and feel confident that it’s there to help, not to invade their privacy or manipulate their behavior.
It’s also important to keep the human element in mind. While AI can handle a lot of the heavy lifting, like spotting risky patterns or automating interventions, as I mentioned before, operators should make sure there’s still room for empathy and personalized support when it’s needed. AI should complement human oversight, not replace it entirely.
Another consideration is fairness. AI systems need to be designed and monitored to avoid any unintended biases or outcomes that might negatively impact certain groups. I think it is more about creating tools that genuinely protect players while building trust and a sense of fairness in the gaming environment.
How do you see AI shaping the future at Atlaslive, not just in responsible gaming but across your entire iGaming platform?
AI is set to play an even bigger role at Atlaslive, enhancing multiple aspects of our platform beyond responsible gaming. One of the most exciting areas is real-time odds optimization — AI’s ability to process vast amounts of data instantly allows us to adjust odds dynamically based on live events. This makes betting faster, smarter, and more responsive, ensuring that operators can offer the most competitive and accurate odds at any moment.
Another major focus is automated customer care. AI-powered support systems can efficiently handle player queries, from setting limits to finding specific games or resolving account issues. By streamlining these interactions, AI ensures that customer service is not only faster but also more personalized, creating a smoother user experience.
We’re also exploring AI-driven content personalization. By analyzing player preferences and behavioral patterns, AI can recommend games, bonuses, and features that feel uniquely tailored to each user. This level of customization keeps engagement high and makes every interaction on the platform more relevant and immersive.
Ultimately, AI is helping us refine and elevate every part of the iGaming experience, from betting mechanics to customer engagement and operational efficiency. As technology continues to evolve, its role in optimizing both player satisfaction and operator performance will only grow.
About Atlaslive
Atlaslive, formerly known as Atlas-IAC, underwent a rebranding campaign in May 2024. It is a B2B software development company that specializes in creating a multifunctional and automated platform to optimize the workflow of sports betting and casino operators. Key components of the Atlaslive Platform include Sportsbook, Casino, Risk Management and Anti-Fraud Tools, CRM, Bonus Engine, Business Analytics, Payment Systems, and Retail Module. Follow the company on LinkedIn to stay updated with the latest news in iGaming technology.
The post The Future of Responsible Gaming: AI’s Role in Player Protection – Atlaslive’s View appeared first on European Gaming Industry News.
Interviews
XANADA’S BREAKTHROUGH YEAR AND THE ROAD AHEAD
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2024 was your debut year with Xanada Investments. Looking back, what are the key highlights or moments that defined this first year for the fund?
2024 marked the beginning of an ambitious journey for Xanada Investments – a year where we laid a strong foundation for what’s to come. While the real work lies ahead, I can confidently say that we’ve set the stage.
The highlight was undoubtedly our successful allocation of $9 million across 8 impactful projects, selected from a pool of 350 submissions. Each startup impressed us with its scalability, strong team, and ability to deliver real results – qualities we value as the cornerstone of every successful partnership.
Another defining moment was the debut of the Xanada Startup Contest. It was a platform not just to identify potential investments. We actively participated in major industry events like iGB LaunchPad, SiGMA Pitch, and SBC First Pitch – events we couldn’t pass up. As a newcomer, we not only made our presence known but also earned recognition, securing awards and forging valuable connections.
Beyond numbers, the year was about building a community – a network of partners, founders, and investors who believe in driving transformative change.This is just the start of an exciting journey.
What inspired you to launch the Xanada Startup Contest, and how would you evaluate its impact in 2024?
It’s no secret that many startups are in need of investment. But the real question is, do they have the expertise, networks, and strategic foundation to actually make that investment work? This was one of the key insights that led us to create the Xanada Startup Contest. It wasn’t about running a competition with just a single winner; it was about creating a transparent process: a live showcase of how startups grow, pivot, and adapt in real-time.
Too often, what happens behind the scenes stays hidden, but we wanted to change that. The results speak for themselves. With 250 applications pouring in, representing a diverse range of ideas from around the globe, we witnessed firsthand the depth of creativity within the startup ecosystem. And through a rigorous selection process, we identified and elevated one standout winner – FTDx. The real impact of the contest lies in its ability to challenge founders to think bigger and execute better. That’s what makes the Xanada Startup Contest more than just a competition.
Many associate investment funds with slow decision-making processes. Yet Xanada Investments has been incredibly dynamic. What’s your secret to keeping up this pace in the previous year?
The secret lies in creating frameworks that balance precision with speed. We’ve developed rigorous evaluation processes that combine both quantitative and qualitative metrics to assess startups effectively without losing momentum.
But beyond frameworks, it’s about having a team with the right mindset. At Xanada Investments, we embrace adaptability and foster collaboration. Our team operates with the energy and agility of a startup, and that allows us to move quickly, even in an industry often seen as traditional and slow.
You partnered with 8 startups this year. What caught your attention in these projects, and what’s your strategy for picking the “perfect match” for Xanada Investments?
At Xanada Investments, our focus has always been on backing projects that bring something unique to the table. What sets us apart is not just what we look for, but how we see it. For us, it starts with the people – the founders. Their vision, resilience, and ability to execute are what capture our attention first. These are individuals who truly understand their markets, are ready to pivot when challenges arise, and have the determination to turn ideas into reality.
Among the projects we’ve backed this year, Promofy is revolutionizing user retention with AI-driven gamification, delivering personalized engagement at scale. Gamixter is helping operators optimize player interaction with real-time engagement tools, creating more immersive gaming experiences. Bettorify, focused on the rapidly growing Asian market, provides localized white-label and turnkey solutions, enabling operators to navigate regional complexities with ease.
These are just a few examples of the startups we support. Each project we invest in plays a role in building a stronger, more dynamic iGaming landscape. And we’re only getting started.
With 11 award nominations and 2 wins already, success is clearly part of Xanada’s DNA. But how do you define success beyond the numbers?
For us, success isn’t measured by the number of awards. Of course, we are talking about financial returns, about impact, although we deeply appreciate the recognition – it’s always rewarding to see our efforts acknowledged on such a level. These awards are proof that we’re on the right track, but they are only part of the story.
But are we helping startups achieve their goals? Are we setting new benchmarks in the iGaming industry? The true measure of success lies in the growth of the projects we support and the people behind them. When we see startups flourishing, scaling their businesses, and turning ideas into impactful solutions, that’s the ultimate reward.
Another key indicator of success for us is the relationships we cultivate. When founders and partners come to see Xanada Investments not as just an investor but as a trusted collaborator and ally, we know we’re doing something right. These connections, built on trust and mutual ambition, are the foundation of our ecosystem.
What does the future hold for Xanada Investments in 2025? Are there any ambitious goals or projects you can share with us?
2025 is about scaling powerful results. We plan to invest in 10–12 new startups, focusing on projects with strong business fundamentals, exceptional teams, and clear strategies for growth. Our approach prioritizes opportunities with a targeted IRR of 25–40% and a MOIC of 3–5x, ensuring every investment aligns with our commitment to sustainable, measurable returns.
We’re taking the Xanada Startup Contest to the next level this year. Xanada Investments is expanding its reach and updating the evaluation process to attract a wider range of participants from diverse industries and markets. To ensure the best selection, we’re involving not only our team but also top industry experts to evaluate the entries. This will help us find and support the most promising ideas out there. With more transparency and live engagement, you’ll have the chance to see and hear these groundbreaking ideas in action. Stay tuned, big things are on the horizon!
Xanada Investments is also focused on strengthening our internal capabilities. A key priority for 2025 is to grow our team by bringing in top talent, including a dedicated analyst, to refine our data-driven approach to startup evaluation. We want to be a partner that equips startups with the tools, mentorship, and connections they need to succeed. The road ahead is ambitious, but we’re ready to seize the opportunities 2025 has in store.
The post XANADA’S BREAKTHROUGH YEAR AND THE ROAD AHEAD appeared first on European Gaming Industry News.
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