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Prospect Labs will launch the NFT Fantasy Sports app with the start of the NBA season

By October 13, 2022Sports app

Prospect Labs today announced the release of Prospect Sports, a first-ever decentralized fantasy sports mobile app that allows users to own athlete NFTs that earn rewards based on their actual in-game performance. The app is now available on the Apple App Store with plans to roll out additional features such as player portfolio management and staking that will be available with the start of the NBA season, and an Android release in November.

Prospect Labs today announced the release of Prospect Sports, a first-ever decentralized fantasy sports mobile app that allows users to own athlete NFTs that earn rewards based on their actual in-game performance. The app is now available on the Apple App Store with plans to roll out additional features such as player portfolio management and staking that will be available with the start of the NBA season, and an Android release in November.

“If a sports fan wants to invest in an athlete today, they can buy things like signed sports memorabilia, trading cards, or collectible NFTs like NBA Top Shot. The value of these items is based on their desirability. and what someone else is willing to pay.” says Johnny Chen, co-founder of Prospect Labs. “At Prospect, we believe fundamental performance should drive fundamental value. proof of performance,” we want to give NFT athletes a third dimension of value through gamified staking rewards that will be earned throughout their career.”

Prospect Sports Athlete NFTs will be published on the Polygon blockchain and will include player portfolio management and staking. The team plans to introduce play-to-win tournaments, one-on-one experiences, and social experiences in the future.

About Prospect Labs

Prospect Labs was founded in 2020 with the goal of empowering sports enthusiasts to learn about the underlying performance and ultimately success of an athlete. Using Prospect’s proprietary Proof-of-Performance (PoP) algorithm, actual in-game performance data is taken into account to determine the cryptocurrency rewards that are distributed to the user on the Prospect’s Decentralized Fantasy Sports app. This allows sports fans to share the fundamental value of an athlete: his performance.

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Company Name: PROSPECTS LABORATORIES
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Country: United States
Website: https://www.prospectsports.io