Nick Swinmurn, the co-owner of basketball team Golden State Warriors and founder of online retailer Zappos, is starting a fantasy sports platform using non-fungible tokens (NFTs).
The new platform named Play Hellebore will enable users to predict the outcome of professional sports games for blockchain-based prizes.
To gain access to the website users will need to purchase a Siber NFT for 0.03 ETH ($50). Play Hellebore claims to be “the first NFT powered sports prediction game”.
Upon entering, individuals can form leagues and play matchups to win prizes ranging from NFTs, merchandise and unique fan engagement.
“Play Hellebore isn’t meant to replace traditional fantasy sports. We expect crypto natives [to be] early adopters that know the value of digital ownership, but we are also passionate about helping to educate and onboard newcomers”, said Swinmurn.
The mint for Play Hellebore is now open and the first users to predict on sports can do so on the outcomes of football, soccer and baseball games.
By the end of the year, the company aims to add basketball, golf, hockey and tennis, according to the schedule on its website.