Milano, Italy, February 16th, 2023, Chainwire
With Pookyball NFTs, players will be empowered to earn crypto-based rewards for guessing the outcomes of football matches in Europe’s most significant football leagues. Pooky is transforming sports betting with a unique NFT-based prediction game that provides the same thrills but without the financial risks of traditional gambling. By predicting the outcome of games, several goals, and exact scores, players can climb the ranks of the Pooky leaderboards and earn $MATIC and $POK rewards.
The 1,000 Genesis Collection NFTs were designed by 3D studio Serial Cut, which has worked with brands including Nike, Spotify, and RedBull and will be available to mint starting February 28th. Multiple rarity levels will be available, with the most scarce NFTs possessing higher attributes to boost players’ prediction strategies.
Pooky will follow up with periodical mints of Regular Pookyball NFTs starting in March, allowing everyone to start participating in its predictions game.
Pooky’s prediction game initially supports football, with plans to expand to tennis, basketball, and Formula 1 later this year.
During its first phase, Pooky will use its soulbound $POK token to test its in-game mechanics before transitioning to its native and tradeable $TPK token later this year.
A sustainable tokenomics model
Pooky has created a sustainable economy based on a single, capped supply, ERC-20 utility token ($TPK) for in-game expenses and rewards, using a rewards pool per season and per competition model where tokens are distributed based on 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 prediction and strategy skills to top leaderboards rankings to maximize rewards.
When players spend tokens on upgrades to boost their earnings potential, a percentage of those fees will be burnt. Combined with a capped supply, these two mechanics result in a more sustainable, long-term circular economy that’s absent in most other play-to-earn models. Pooky is built on a “Play-and-Earn” model, mainly focusing on gameplay and entertainment rather than just the earning side.
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 them.
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 the summer of 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.
Pooky’s Pookyball NFTs were designed by Serial Cut, a creative and art direction studio for advertising and culture, making iconic imagery, animation, and extended realities using digital, physical, or virtual techniques. Serial Cut’s clients include Adobe, Converse, Diesel, Facebook, Google, IKEA, Microsoft, MTV, Nike, Lexus, Lyft, Oreo, Puma, Ray-Ban, Red Bull, Samsung, Sonos, SONY, Spotify, Vodafone, WeCom, WIRED, and 7UP, among others.
Head of Growth