NBA Top Shot had 136,000 traders in the past month, and OpenSea had just 51,000. With a total of just over 10,000 Premier NFTs for the inaugural Tom Brady digital collectibles created by Autograph, the drop queues of users across each edition were three times larger than the available supply and instantly sold out. This remarkable demand was complemented by the platform’s intuitive design for How To Read Odds ease of use that drove positive user sentiment throughout the day by enabling both new and longtime collectors to seamlessly buy and sell the exclusive digital content. Even though DKNG’s advancement in the NFT space and its expansion in the online sports betting market could generate additional revenues for the company, its substantial losses could put downward pressure on its stock. Furthermore, given the uncertainty surrounding its deal with a British sports betting firm and the ongoing challenges the company is facing, investors could remain anxious.
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NFTs have gained significant popularity over the past year, especially during the pandemic as a future digital asset (cards, art, etc.) alternative. When the platform goes live, they’ll be able to register through the Marketplace website or DraftKings’ daily fantasy, sports betting, or gaming products. As the whole world watches European football at its finest being played out during Euro 2020, many are looking to get even more involved in the sport. As a form of entertainment, sports betting has evolved in recent years to be more digitally accessible and engaging. Bitgame is a world-class sports betting platform that incorporates a number of years of experience in the field, with innovative practices such as accepting cryptocurrency.
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The EZ365 team includes leaders in blockchain and cryptocurrency development, network and security infrastructure for global capital and derivatives markets and the online gaming space. Together they bring the rigor and methodology of established financial market security and deep technology expertise to the EZ365 platform. Expanding its relationship with the League, Caesars Entertainment will become an Official Sports Betting Partner of the NFL while continuing as the League’s Official Casino Sponsor. As the Official Casino Sponsor, Caesars will create tentpole activations at key NFL events including, the 2022 Pro Bowl and 2022 NFL Draft in Las Vegas. The extended agreement also encompasses Caesars online iGaming applications. In the sports betting space, Caesars will partner with the League to create content and opportunities for engagement across both its legal online sports betting operations and its expansive network of retail sportsbook locations across the country.
The exclusive content for this debut was to be provided by Autograph. It featured NFTs in the form of Preseason Access Passes from top athletes, including Tom Brady, Wayne Gretzky, Tony Hawk, Naomi Osaka, Derek Jeter, and Tiger Woods. If you believe in the future of non-fungible tokens or NFTs, then you should be glad to know that DraftKings is making a serious move into this future-facing market. Choose from a series of great email briefings, whether that’s daily news, weekly recaps or deep dives into media or creative. The deal also allows DraftKings to become a validator for the Polygon blockchain.
While the marketplace is officially open for business, DraftKings is working on expanding its scope in the coming weeks and months. The company will soon add auctions, withdraw capabilities, public portfolios and more. Following purchase, users can access their NFTs in the portfolio section of the app.
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Previously, the French blockchain startup had licenses with only three German clubs, Bayern Munich, Bayer Leverkusen and recently relegated Schalke. The new deal will bring tradable and playable NFT cards of soccer stars like Dortmund’s Erling Haaland or RB Leipzig’s Christopher Nkunku to the Ethereum-based game. The DraftKings Sportsbook at Foxwoods gives players the opportunity to place wagers on a variety of betting markets across professional and collegiate sports via kiosks and in-person. In the coming weeks, DraftKings and Foxwoods will announce the opening of their permanent retail sportsbook, currently in the final stages of construction. Top Shot has about 500k people signed up so there is a huge potential for growth with the # of NBA/WBNA fans out there.
NFT stands for “Non-Fungible Token.” A “Non-Fungible Token” is a unit of data that is unique and stored on a blockchain. The blockchain tracks the ownership on an NFT and, therefore, provides the owner with a “proof of ownership” that serves as a digital version of a license. The main difference between a cryptocurrency like Bitcoin and an NFT is that a Bitcoin always maintains the same value relative to another Bitcoin. On the other hand, an NFT is different because each underlying asset represents something separate. NFTs can be in games, collectibles, music, film, memes, and obviously, sports.
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