article thumbnail

Polychain puts its money on HotStreak to streamline sports betting using blockchain

TechCrunch

In the world of sports betting, instant payments and reliable custody are key to the user experience. HotStreak , a web3 platform for daily fantasy sports (DFS) contests, is wagering that the decentralized nature of the blockchain makes it an ideal solution for DFS platforms. It doubled in size in 2021 with over $52.7

Sport 223
article thumbnail

Binance-backed web3 gaming startup Unagi gets funding to expand fantasy sports platform

TechCrunch

million ($5 million) seed round of funding, as the French startup prepares to expand its NFT fantasy sports platform beyond football (“soccer”) and into the basketball realm. Moreover, in the future there is scope to expand beyond sports into the broader gaming sphere. Web3 gaming company Unagi today announced a €4.7

Sport 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to incorporate web3 gaming into your Web 2.0 strategy

TechCrunch

Tom Fleetham is the head of sports and gaming at Zilliqa, where he is helping scale up partnerships in the next phase of its growth. There is, however, clearly inherent value in blockchain technology, and the gaming industry is poised to become the focal point for mainstream adoption. Tom Fleetham. Contributor. Share on Twitter.

Games 220
article thumbnail

Voodoo bets on play-to-earn crypto mobile games

TechCrunch

French startup Voodoo has announced that it plans to make a significant investment in blockchain-powered mobile games. Tangentially, fantasy sports NFT games could be considered as crypto games. Voodoo already has 10 internal studios working on blockchain-powered games. Sorare raises $680 million for its fantasy sports NFT game.

Games 226
article thumbnail

NBA Top Shot maker Dapper Labs is now worth $2.6 billion thanks to half of Hollywood, the NBA and Michael Jordan

TechCrunch

Now the company is reaping the benefits of its trailblazing status with a new $305 million financing led by some of the biggest names in Hollywood, sports and investing. It’s like the one thing that cryptocurrency can do really well and it’s been embraced far beyond the world of sports collectibles.

Sport 246
article thumbnail

Ayoken raises $1.4M to grow its NFT marketplace for creatives

TechCrunch

The startup’s marketplace, Ayokenlabs , will feature digital collectibles from musicians, sports brands and influencers from all over the world. Nothing comes close to what we are doing and that is why we are able to sign some of the biggest names in the creative industry,” he said.

article thumbnail

What are NFTs? Top 5 Remarkable NFT business ideas to adopt in 2022

Openxcell

Non-fungible tokens (NFTs) are blockchain-based cryptographic assets having unique identifying codes and metadata that differentiate them from others. They are one-of-a-kind works that are recorded on a blockchain and hence cannot be altered or duplicated. Let’s see how do NFTs work – NFTs are reserved on a Blockchain.