Stakes

Stakes

Social wagering platform for NFTs that transforms sports betting into a more social activity. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m1.1m
% growth-180 %
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DateInvestorsAmountRound
*

$5.3m

Seed
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$8.0m

Valuation: $8.0m

Acquisition
Total FundingAUD8.2m

Recent News about Stakes

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More about Stakesinfo icon
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Stakes, found at playwithstakes.com, is a pioneering social wagering platform that integrates Non-Fungible Tokens (NFTs) with sports betting. The company aims to make sports betting more social and accessible to a broader audience. Stakes allows users to make predictions on their favorite sports games and compete with other sports fans, including well-known sports personalities.

The platform operates in the sports betting and NFT markets, which are both rapidly growing sectors. Its primary clients are sports enthusiasts who enjoy making predictions and engaging in friendly competition. Stakes differentiates itself by focusing on the social aspect of betting, encouraging users to interact and challenge each other within the community.

Stakes' business model revolves around user engagement and the creation of unique digital assets. Users make predictions on sports events, and successful predictions are rewarded with signature Stakes NFTs. These NFTs are digital collectibles that are minted on the blockchain, ensuring their uniqueness and ownership. The platform also features a leaderboard where users can earn coins based on their correct predictions, adding a competitive edge to the experience.

Revenue generation for Stakes likely comes from multiple streams. These may include transaction fees from NFT sales, premium features or memberships, and possibly advertising partnerships given the platform's engaged user base. By leveraging the growing interest in both sports betting and NFTs, Stakes positions itself as a unique player in the market.

In summary, Stakes is a social wagering platform that combines the excitement of sports betting with the innovation of NFTs, creating a community-driven experience for sports fans.

Keywords: social wagering, NFTs, sports betting, predictions, blockchain, digital collectibles, sports fans, community-driven, leaderboard, competitive.