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Pooky, the upcoming Web3 gamified sports prediction platform, will release its free version as a public beta on November 16, 2022. The announcement follows Pooky’s closed alpha release on October 21, which received overwhelmingly positive feedback.
The highly anticipated game’s free beta launch will be available in time for the FIFA World Cup, which kicks off a few days later on November 20, and will run throughout the tournament. Public beta participants will be whitelisted to create an exclusive Genesis Pookyball (NFT) during the project’s private sale in January 2023.
Pooky is on a mission to transform sports betting, starting with football. The prediction game is centered around Pookyball NFTs. Each Pookyball entitles its holder to enter the prediction game, where it predicts the results of major football leagues and tournaments on Earth, including the FIFA World Cup, English Premier League, Serie A Italian, and the Spanish La Liga.
Players never risk losing their NFT; it is up to them to keep it forever. The model encourages social interaction around the world’s most popular sport without any of the downsides associated with traditional gaming. Players can enjoy the thrill of having something on a game without the risk of addiction or the financial worries that come with it.
Players who guess the outcome of football matches receive points for predicting winners, number of goals and correct scores. They are ranked in a leaderboard and top players can win rare crypto and Pookyballs. Points scored count, even for players who are not at the top of the leaderboards. The points scored will be converted into experience points (PXP) which are needed to upgrade the Pookyballs, thus increasing the chances of scoring more points in the next prediction round and therefore maximizing player rewards in the game.
Pooky has worked with crypto economists, token engineers, and game designers to create a sustainable gaming economy. A single Capped Supply ERC-20 Utility Token will serve as the title’s in-game currency, providing a medium of exchange and rewards for players. The game will operate using a pool of rewards per season and per competition, and distribute payouts based on the influx of tokens.
Unlike game-to-win titles that suffer from rampant token supply inflation, Pooky does not award tokens simply for playing. Instead, players must demonstrate their skills in the top rankings of leaderboards 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 additional value to players. The result is a sustainable, long-term circular token economy absent from many current gambling efforts to win. Pooky is built on a “Play-and-Earn” model focusing primarily on gameplay and entertainment, rather than the earning side alone.
The initial public beta will allow players to play the free-to-play version of the game 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 the full NFT-driven version.
“We wanted to build a healthier alternative to traditional sports betting. Returning to the roots of sports prediction – challenging friends and demonstrating your knowledge of the beautiful game – Pooky encourages social interaction and fun while building communities, both on and off the platform,” said Stefano Riff. , co-founder of Pooky.
The initial release of Pooky 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 of existing sports betting platforms and their shortcomings. Pooky was directly inspired by the fact that Stefano was blocked from using online sports betting for apparently winning too much.
The pair is committed to developing an alternative to the traditional betting model backed by blockchain technology. The company operated out of the public eye, recruiting senior team members over the summer of 2022, and was officially incorporated in September.
Pooky has raised over €3 million from pre-seed investors including Claster Investments VC. Advising the startup is a group of highly experienced managers and executives in the sports, gaming, and blockchain industries.
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