Blockchain
Predict-and-Earn App Pooky Launching Free-to-Play Public Beta Ahead of FIFA World Cup Qatar
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.
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.
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.
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.
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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
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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