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Predict-and-Earn App Pooky Launching Free-to-Play Public Beta Ahead of FIFA World Cup Qatar

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Milan, Italy–(Newsfile Corp. – November 16, 2022) – Pooky, the forthcoming gamified Web3 sports prediction platform, will release its free-to-play version in public beta on Nov. 16, 2022. The announcement follows Pooky’s closed alpha release on Oct. 21, which received extremely positive feedback.

Pooky

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The free-to-play beta launch of the much-anticipated game will be available in time for the FIFA World Cup, which kicks off a few days later on Nov. 20, and will run throughout the tournament. Those participating in the public beta will receive a whitelist spot to mint an exclusive Genesis Pookyball (NFTs) during the project’s private sale in January 2023.

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Pooky is on a mission to transform sports betting, starting with football. The prediction game centers around Pookyball NFTs. Each Pookyball gives its holder the right to enter the prediction game, where they predict results from the major football leagues and tournaments on Earth, including the FIFA World Cup, English Premier League, Italian Serie A and Spanish La Liga.

Players never risk losing their NFT; it’s theirs to keep forever. The model encourages social interaction around the world’s most popular sport with none of the downsides associated with traditional gambling. Players get to enjoy the thrill of having something riding on a game without the risk of addiction or the financial worries that accompany it.

Players guessing the outcome of football games receive points for predicting winners, number of goals and exact scores. They’re ranked on a leaderboard and top players can win crypto and rare Pookyballs. The points scored matter – even for players not topping the leaderboards. Points scored will be converted into Experience Points (PXP) which are necessary to upgrade Pookyballs increasing chances to score more points in the next prediction round and therefore maximize players’ in-game rewards.

Pooky has worked with specialist crypto economists, token engineers and game designers to create sustainable game economics. A single, capped supply ERC-20 utility token will serve as the title’s in-game currency, providing a medium of exchange and player rewards. The game will operate using a rewards pool per season and per competition, and distribute payments based on token in-flow.

Unlike play-to-earn titles that suffer from rampant token supply inflation, Pooky does not award tokens for simply playing. Instead, gamers must demonstrate skill to top leaderboards rankings to maximize rewards. Spending tokens on upgrades not only increases their chances of receiving rewards but also burns a percentage of the amount spent, providing further value to the players. The result is a long-term, sustainable circular token economy absent in many of today’s play-to-earn efforts. Pooky is built on a “Play-and-Earn” model focusing mostly on gameplay and entertainment, rather than just the earning side.

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The initial public beta will enable players to play the game’s free version, and can start unlocking rewards. Slightly different from the play-and-earn version described above, players receive two free Rookyballs and PXP rewards will be lower than in the full, NFT-driven version.

“We wanted to build a healthier alternative to traditional sports betting. By going back to the roots of sports prediction – challenging friends and demonstrating your knowledge of the beautiful game – Pooky encourages social interaction and fun whilst creating communities, both on and off the platform,” said Stefano Riff, co-founder of Pooky.

Pooky’s initial version will only support football. However, the company plans to add tennis, basketball, Formula 1 and other sports in 2023.

About Pooky

Pooky was founded in 2022 by Claudio and Stefano Riff. The brothers are big sports fans, and have first-hand experience with existing sports betting platforms and their shortcomings. Pooky was directly inspired by Stefano being blocked from using online sportsbooks for seemingly winning too much from it.

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The pair committed to developing an alternative to the traditional betting model underpinned by blockchain technology. The company operated out of the public eye, recruiting senior team members during summer 2022, and was officially incorporated in September.

Pooky raised more than €3 million from pre-seed investors, including Claster Investments VC. Advising the startup is a highly experienced group of managers and executives within the sport, gaming and blockchain industry.

Website | Medium | Discord | LinkedIn | Twitter | Instagram | Whitepaper

Contact:
Gregory Liénart
Head of Growth
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/144485

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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