web3-DREAM11

Overview

Fantasy sports have witnessed an astounding rise in India, attracting millions of players to various platforms. However, persistent issues such as data privacy, insider trading, and a lack of transparency prompted the development of web3-DREAM11. This project utilizes blockchain technology, oracles, and NFTs to elevate the security, transparency, and fairness of fantasy sports experiences.

Key Features

• Data Security and Transparency:

  • Implements oracles to securely transmit data to smart contracts, safeguarding against data manipulation.
  • Ensures secure data storage on the blockchain, fostering transparency and user trust.

• Equal Opportunity:

  • Allocates an equal amount of tokens to each team upon registration, eradicating unfair advantages.
  • Introduces skill-based player selection through auctions, exempt from gambling laws, fostering healthy competition.

• Chainlink Automation:

  • Employs Chainlink automation for automated auctions, ensuring transparency and fairness.

• Live Auctions and Game Determination:

  • Conducts live auctions where teams bid for players, with the highest bidder securing the player.
  • Determines game winners based on cumulative player rankings from an external API using oracles.

Target Audience

Primarily designed for college students and working professionals passionate about sports, web3-DREAM11's transparency appeals to casual gamers, fostering trust and expanding its reach.

Project Links

• Explore Live Demo