What is Kridafans

Article Summary, Automatically Generated By AI

About KridaFans

Key Points

  • KridaFans is a blockchain-based fantasy sports platform built on Polygon Blockchain.
  • It combines fantasy sports and NFT ecosystem in one place, creating a decentralized, community-driven, and transparent platform.
  • Traditionally, fantasy sports only allow winners to earn, but KridaFans introduces a new way to earn through trading players’ cards.
  • KridaFans solves the problem of scarcity by introducing skill-based scarcity, providing a fair chance to win for everyone.

Founders

  • Paurav: a computer engineer, global hackathon winner, and experienced in crypto since 2016.
  • S

About KridaFans: Empowering the Future of Fandom

Introducing KridaFans (KRIDA): A Revolutionary Platform

Krida.Fans — a pioneering, next-generation blockchain-based fantasy sports platform, built on the Polygon Blockchain, boasting an integrated in-game NFT marketplace and community platform. By converging the best of fantasy sports and NFT ecosystems, Krida Fans creates a decentralized, community-driven, and transparent blockchain-based fantasy sports platform, redefining the landscape of the industry.

Traditionally, fantasy sports have been limited to a single path to victory, where only the top 1% or 10% of winners reap the rewards, leaving the rest with nothing. However, blockchain technology has opened up a new avenue for earning opportunities, allowing players to trade digital cards featuring their favorite athletes. Unfortunately, existing blockchain-based fantasy sports platforms have introduced a new problem: artificial scarcity, where a limited number of cards are minted, such as only 10 NFTs, reminiscent of CryptoPunks. This scarcity model favors luck and wealth, undermining the democratizing potential of blockchain for the majority of users. This is precisely why KridaFans was born. By redefining scarcity based on how players utilize their NFTs in creating their fantasy teams, we have introduced a skill-based scarcity model, providing every participant with a fair chance to succeed, regardless of when they enter the game. This innovative approach is what makes KridaFans the driving force behind the resurgence of fantasy sports, powered by blockchain.

The Visionary Founders Behind KridaFans

The team behind KridaFans is comprised of passionate sports enthusiasts, particularly aficionados of Football/Soccer and Cricket. This talented group boasts a impressive pedigree, having emerged victorious in global hackathons and accumulated experience working with top 15 Fortune companies. Their expertise lies in crafting scalable software solutions that prioritize stringent security protocols. As a distributed team, we span across diverse time zones and continents, fostering a collaborative environment that transcends geographical boundaries.

Paurav, a computer engineer with a passion for data and algorithms, boasts an impressive accolade: winning the prestigious global hackathon in 2018, held in San Francisco, where he devised the most effective algorithm to tackle real-world problems within a remarkable 23-hour timeframe. His foray into the crypto sphere began in 2016 with earn.com (formerly known as 21.co), where he witnessed the tumultuous 2017 boom, followed by the subsequent downturn.

Saurabh, a seasoned IT professional with over 15 years of experience, serves as the driving force and backbone of KridaFans. His exceptional technical and infrastructural expertise has earned recognition at esteemed organizations, including Visa.

Unveiling the Unparalleled Essence of KridaFans

KridaFans distinguishes itself from other blockchain and non-blockchain fantasy sports platforms in three key ways: * For the first time ever, we’re introducing skill-based scarcity for NFTs: By limiting the number of football players minted as NFTs, only a select few can own them, granting them disproportionate influence over other players. This creates an uneven playing field. To address this issue, we’re pioneering a novel approach: scarcity is now tied to how players utilize their NFTs in fantasy teams, with your skill level determining the rarity of your NFT.

  • Richly detailed NFTs empower 3rd party applications, such as immersive card games within metaverse environments. With every match, your NFT’s metadata will dynamically update. This innovative approach enables you to engage in card games with friends in the metaverse, mirroring the experience of playing card games in the physical world. Furthermore, we will be offering grants to developers to build these types of games on top of our KridaFans platform NFTs.

  • Social Reputation as a multi-chain, non-transferable NFT: Our goal is to identify and incentivize valued community members. To achieve this, we will utilize multi-chain, non-transferable NFTs. This is precisely why we have established a Discord server. As previously stated, our efforts are purpose-driven, not merely for their own sake.

Richly detailed NFTs empower third-party applications, such as immersive card games within metaverse environments. Following each match, your NFT’s metadata will dynamically update. Leveraging these advanced NFTs, you can engage in fantasy soccer and even participate in interactive card games with friends within the metaverse, mirroring the experience of playing card games in the physical world. Furthermore, we will be offering grants to support the development of these innovative games on the KridaFans platform, utilizing our NFTs.

We are introducing Social Reputation as a unique, multi-chain, non-transferable NFT, designed to identify and reward exceptional community members. This innovative approach will incentivize outstanding contributors, fostering a sense of belonging and encouraging meaningful engagement. Our Discord server serves as a hub for this initiative, where we cultivate a community that adds value, rather than simply existing for its own sake.

Associated Resources:

Engage with our community by chatting with us and fellow members, following us on Twitter, exploring our website and blog for additional insights, and reaching out to us via email with any inquiries.

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