LeagueDAO — the first open source DAO project and spearheads the development of Web3 fantasy sports. Own your players. Own your team. Become a league owner.
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About the LeagueDAO project
The project combines DeFi, game rewards and digital collectibles to revolutionize fantasy sports with non-fungible ERC-721 (“NFT”) tokens and an ERC-20 token, known as LeagueDAO Governance Tokens (“$LEAG”). The value proposition is simple: tokenized fantasy sports allow users to own the players that make up their team. And receive a share in the reward pool, depending on the results of the team.
By developing play-to-earn mechanisms, tokenized fantasy sports will allow managers to create value for themselves through their strategy and team management.
Tokenized fantasy sports
When you apply tokenization (ERC-20 or ERC-721 tokens) to fantasy sports, you open up a world of exciting opportunities to enhance the experience and value for team managers. Tokenized fantasy sports allow leagues to truly reward players for their efforts, skills and time, spent in the game. LeagueDAO's mission - to explore a range of different tokenized fantasy sports offerings through community input and guidance.
LeagueDAO is run by the $LEAG token. Through the governance platform, $LEAG token holders can determine the DAO roadmap, game models, sports, prize and reward structure, and use of the DAO treasury. This project goes beyond digital collectibles by using smart contracts, oracles, DeFi and NFTs as in-game assets with real utility. Use your player tokens in an open weekly fantasy league that actually distributes rewards, based on real stats.
In addition to the utility that the development team builds into player tokens, they will partner with a new artist each season to give each batch of player tokens a unique avatar. Every season and sport will be completely different. This has a double effect:
| 1. | Adding to the Collectible Character of Player Tokens. |
| 2. | Avoids similarity restrictions and licensing requirements. |
The first tokenized fantasy sports product to be launched by the League team is the Nomo League. The Nomo League introduces NFTs (“Nomo Player Tokens”) to players. Anyone can take part in the Nomo League, you just need to assemble a team by minting Nomo Player tokens.