Pooky, the gamified Web3 football prediction platform, has announced the launch of its Genesis Collection Pookyball NFTs. This marks the beginning of early access to the platform’s no-risk alternative to betting, which was tested in public beta in November 2022. During this time, over 450,000 predictions were made, and over 7,000 active players were recorded.
The 1,000 Genesis Collection NFTs will be made available to mint on February 28. These NFTs will come in multiple levels of rarity with varying attributes that can be used to boost players’ prediction strategies. There will also be further mints of Regular Pookyball NFTs in March, giving everyone the chance to join in the predictions game.
What is Pooky?
Pooky is a revolutionary sports betting platform designed to ensure a fairer and more transparent betting environment. It is the first of its kind to use blockchain technology to guarantee a secure, decentralized, and transparent betting ecosystem that eliminates the need for trust between the participants. The platform is powered by the Ethereum blockchain and its native token, PookyCoin. This token is used to facilitate the betting process and rewards users for their participation.
PookyCoin is also used to pay out winnings and to fund the platform’s jackpot. The platform offers users a secure and private betting experience. All bets are stored on the Ethereum blockchain and are visible to all participants. This ensures that all bets are immutable and that the results are transparent and verifiable. The platform also uses smart contracts to automate the betting process and ensure that the platform remains secure and fair.
Pooky Tokenomics Model
Pooky is powered by a tokenomics model based on a single, capped supply ERC-20 utility token for in-game rewards. This rewards pool per season and per competition model distributes tokens based on in-flow, rewarding players for their skillful predictions. Furthermore, when players spend tokens on upgrades to boost their earnings potential, a percentage of those fees will be burnt. This results in a more sustainable, long-term circular economy that’s absent in most other play-to-earn models.
Sustainability in Play-and-Earn
The platform is built on a “Play-and-Earn” model that focuses on gameplay and entertainment rather than just the earning side. At launch, the game will support football with plans to expand to tennis, basketball, and Formula 1 later in the year. Pooky was founded in 2022 by Claudio and Stefano Riff. The two big sports fans saw the shortcomings of existing sports betting platforms and wanted to create an alternative using blockchain technology.
Pooky is offering a unique “Play-and-Earn” experience, where gameplay and entertainment take precedence over the earning aspect. This creates a sustainable and circular economy, which is not often found in other play-to-earn models. Every time players use tokens to upgrade their earning potential, a certain percentage of the fees are burned. At the start, $POK tokens will be used to test the game’s in-game mechanics before transitioning to its native and tradable $TPK tokens. Currently, the prediction game focuses on football, with plans to include tennis, basketball, and Formula 1 by the end of the year.