MVP Lineup: crypto for fantasy sports
Wednesday 17 August 2016
Fantasy sports is - unaccountably - a rapidly-growing past-time, and one crypto is well placed to impact.
I’m going to come right out and say it at the start: I don’t like team sports. I like straightforward, individual sports such as running, where the aim is to get from A to B as quickly as possible, or boxing, where the aim is to hit the other person until they fall over or ask you to stop, please. It’s the Olympics at the moment, and those are the events I’m watching: the ones that fall into the traditional ‘Faster, Higher, Stronger’ ideal. Sports that involve people getting dressed up in special gear, or manipulating a ball such that it crosses a particular segment of a particular line according to a set of pre-arranged and apparently arbitrary rules, perhaps involving a specially-shaped stick of some kind… look, I just don’t get it, ok?
Now, I’m fully aware that not everyone shares my worldview on team sports. From what I’ve seen, games like football and baseball have become quite popular. I don’t pretend to understand it, but there it is.
A lot of people play these so-called sports, and a far larger number watch them on TV. (A lot of the people who do the latter aren’t really suited, for one reason or another, to doing the former.) Fantasy sports caters to people who like sports enough to participate without liking them enough to actually play. Like real sports, fantasy sports are becoming Quite Popular. There are 57.4 million Fantasy Players in the US and Canada alone. $3 billion were collected in entry fees in 2015 alone. It’s big business, and getting bigger.
Sportsing has become quite popular, as has Fantasy Sportsing
MVP Lineup is a fantasy sports platform that aims to use crypto to connect with a new audience, just as gambling sites have proven a popular use case for bitcoin. There are currently a small number of large players (no pun intended) in the space, and none accept crypto - so there’s clearly an opportunity there. The platform will be used for more traditional gaming activities too, including dice and poker. Unlike with fiat systems, there are no hoops to jump through. Users simply deposit bitcoin and get started, selecting players to make their own lineup and watching their scores update live, before collecting their winnings if they are good at it. Thanks to the magic of cryptography, the whole thing is even provably fair (again, unlike other platforms).
MVP is already up and running - it beta-launched for the second half of the NBA season, and the feedback gained from the 500-or-so early users was invaluable for improving the platform. It is now crowdfunding money for marketing and further development, looking to create a community that will not only fund the project and share in its rewards but use the platform and promote it through affiliate campaigns. It’s using the Waves platform to power its blockchain operations, issuing a custom MVP token that will be used to pay dividends and can be traded on the open market against a range of crypto and national currencies.
For more information, visit https://mvplineup.com/
Disclaimer: you may have to understand Sports to enjoy this platform.
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