RE:Aren't NFTs already dead? Worth shorting this? Co. is going to use NFT's as rewards but I still say cash back is better. The competitive advantage is this:
Fandom Interview Nov 16/20
Working on monetizing the data feeds that we have direct from some of the leading game publishers to other wagering sites because we have a very unique artificial intelligence machine learning backend that allows us to capture a larger amount of data from these game APIs that increases the amount of predictions that fans can make significantly over what is in the market today.
VentureGecko wrote: 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.