Fandifi Technology Corp C.FDM.X

Alternate Symbol(s): FDMSF

Fandifi Technology Corp. provides a crowd-based and system-generated prediction fan engagement platform. The Company’s primary business is the development and monetization of the Company’s all ages fand engagement and brand activation platform for engaging fans on desktop and mobile platforms. The Company’s Fandifi platform runs on associated neural networks for content creators to increase gamification of their content and enable fan engagement within their communities regardless of the form of distribution. The platform’s main product is a prediction engine, which facilitates real-time predictions in various events, helping content creators to extend peak viewership metrics. Fandifi presents data for predictions from esports and sports data feeds as well as from community generated predictions that viewers can overlay on any streamed content and then share with friends and their communities as challenges.

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Fandifi Technology Corp > Aren't NFTs already dead? Worth shorting this?

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Post by VentureGeckoon Jun 03, 2021 7:47am

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Post# 33317455

Aren't NFTs already dead? Worth shorting this?

I'm trying to workout what the competitive advantage of this company is? Seems Canadians cab bet on ALL the sports they want, from outside Canada. So it might be nice to have CAD sight, but that alone isn't a reason to gain market share.

They were broke in January and then raised $5M on a new start.

As well the strategy seems to rely on using NFTs to differentiate themselves... a tech launch 3 months ago and already basically dead:

The overall NFT market has suffered a “near-90% collapse” since its peak.
That peak, May 3, saw $100 million in “crypto-collectible” sales in just one day. There has been just $19.4 million in sales in the past week.
NFT art sales are even lower, plunging from single days with millions in sales to just $3 million in sales globally for the past week, and that’s including both primary and secondary sales.
The number of active NFT wallets—the accounts being used to purchase the tokens—has fallen from over 12,000 to 3,900.