Wed. Nov 30th, 2022

NEW YORK, Nov. 3, 2022 /PRNewswire/ — Knights of Degen, the quickest rising sports activities gaming group in Web3, has entered right into a binding settlement to amass the chief in blockchain based mostly fantasy sports activities, LeagueDAO. The transaction accelerates the Knights of Degen aggressive leisure roadmap, enabling on-chain fantasy sports activities for its group of sports activities betting fans, whereas positioning LeagueDAO’s ground-breaking product suite for mass adoption.

Knights of Degen Acquires Blockchain Fantasy Sports activities Supplier LeagueDAO

By the use of the deal, LeagueDAO’s apps and fantasy leagues – together with Mega League, Nomo League and Non Fungible Brackets – will proceed to function with out interruption. The  LeagueDAO staff will be part of Knights of Degen, together with co-founders, Jake Craven, Tyler Ward, and Matt Hunter. Monetary deal phrases usually are not disclosed.

“We now have at all times seen fantasy sports activities as a pillar of the KOD ecosystem, and to that finish, we’re thrilled to onboard the LeagueDAO merchandise, staff, and group”, stated Knights of Degen Co-Founder, Drew Austin.

Fantasy sports activities customers expertise materials advantages by competing on-chain, reminiscent of possession and management over their groups and picks, simple signal ups and stress charge assortment, sustainable prize swimming pools that use decentralized finance (“DeFi”) to generate yield from entry charges, on the spot and verifiable payouts, and recreation fashions that allow customers earn cash for performing because the commissioner aka host of various tournaments and leagues.

“The Knights of Degen group and ecosystem gives precisely the proper engine to pursue our ardour for constructing on-chain fantasy sports activities merchandise. We’re so enthusiastic about this subsequent chapter for LeagueDAO,” stated LeagueDAO Co-Founder Jake Craven.

Launched in September of 2021, by the use of its genesis NFT drop, Knights of Degen has positioned its model, group, and purposes because the Web3 vacation spot for sports activities followers who at all times have motion on the sport. Centered on delivering best-in-class aggressive leisure, Knights take pleasure in a social gaming expertise, with always-on contests and competitions such because the KFFL and Degen Bracket Problem, whereas experiencing group possession of a rising listing of Web3 sports activities and leisure properties, reminiscent of a Fan Managed Soccer staff, a wide range of community-managed play-to-earn video games and KOD Media Community.

Launched in August of 2021, LeagueDAO was fashioned by a group of Web3 founders, builders, athletes and followers that needed to kickstart the event of fantasy sports activities in Wweb3. In beneath 12 months, LeagueDAO has developed a set of decentralized fantasy sports activities purposes. Every app leverages LeagueDAO’s core web3 infrastructure that makes use of, nfts, defi and sensible contracts to create a novel ability based mostly recreation expertise. 

Knights of Degen intends to launch an erc-20 token within the coming months, by the use of the Degen DAO, which can act because the foreign money for its recreation ecosystem, together with LeagueDAO’s fantasy merchandise.

About Knights of Degen

Knights of Degen is a Web3 membership group for sports activities followers constructing a brand new option to expertise sports activities fandom within the metaverse, with a passionate group of sports activities followers, bettors & entrepreneurs. Launching in September, 2021, with a group of 8,888 NFTs, proudly owning a Knight supplies ongoing advantages together with entry to hold with skilled athletes and specialists in Discord and at IRL occasions, unique contests throughout sports activities and leisure occasions for particular prizes, and alternatives to take part throughout our KOD Media Community, Fan Managed Soccer staff and meals and beer manufacturers. Extra data at knightsofdegen.io.

SOURCE Knights of Degen

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