AppYea Inc (OTC: APYP) is a blockchain-based lottery technology company that develops and operates a platform for lottery operators. The company generates revenue by providing technology solutions to licensed lottery operators rather than acting as a licensed operator itself, per the 10-K filed April 16, 2026. Its platform covers end-to-end lottery lifecycle management, including ticket sales, draw execution, prize distribution, operator back-office tools, affiliate and promotional systems, and user engagement features. Draw integrity relies on cryptographically verifiable randomness via integrations such as Chainlink Verifiable Random Function (VRF), with outcomes recorded on an immutable blockchain ledger. The company's stated customers are existing licensed lottery operators seeking digital transformation of traditional systems. Competitors named in the filing include Camelot UK (National Lottery), Intralot, and IGT (International Game Technology). The company discloses ongoing capital constraints and relies on equity and debt financing to fund operations, per the same filing.

Revenue model

Technology licensing and platform services sold to licensed lottery operators. The company does not act as a licensed operator itself. Specific revenue figures, pricing structure, and contract terms are not disclosed in the filing excerpts.

Products and services

Blockchain-based lottery platform offering: lottery lifecycle management (ticket sales, draw execution, prize distribution); operator back-office and administrative tools with real-time transaction tracking and reporting; affiliate and promotional campaign management systems; user engagement features; verifiable randomness via Chainlink VRF integration; and smart contract-based transparent record-keeping. (Source: 10-K filed April 16, 2026)

Customers and end markets

Licensed lottery operators seeking to modernize or digitize existing lottery infrastructure. End markets include regulated lottery operations across multiple jurisdictions. No specific customer names, counts, or concentration figures are disclosed in the filing excerpts.

Value-chain role

Technology platform provider sitting between blockchain infrastructure (e.g., Chainlink VRF) and licensed lottery operators. The company supplies software, operational tooling, and compliance-supporting infrastructure without holding lottery licenses itself.

Geographic exposure

The filing references operations across multiple jurisdictions and mentions mobile lottery play in current operating jurisdictions, but no specific countries or revenue splits by geography are disclosed in the excerpts.

Competitors

Camelot UK (National Lottery), Intralot, IGT (International Game Technology)

Source: SEC 10-K, filed 2026-04-16

Industry: Services-Computer Programming Services