Betting is an emotional activity that is loved by many because it makes sport (or really anything that people bet on) more interesting and memorable. Within betting communities online and offline - betslips are the most shared and celebrated piece of content. The thing bettors take pride in, or commiserate over with their friends.
FootDex allows people to mint NFTs from their bets and own their bets. It makes something rather crazy and not possible until today a reality: Bets as collectables. Some bets can have value and be liquid even after they have no monetary value as a bet (no winning potential). For example: A betting slip with an accumulator bet of 20 events where all 20 bets were successful - will probably have some crazy odds of 100+ or 1000+ and a huge win. A betting slip with an accumulator bet of 20 events where 19 were successful and 1 failed and destroyed the bet - will be very upsetting but will be spoken about for a long time. A betting slip with a bet on an Individual goal by Maradona during the 1966 England Argentina Semi-final - simply priceless
Our vision is that the FootDex protocol will power a trustless environment for different players to benefit from the once fully decentralized betting industry. This democratization clearly opens a new era for doing business in the industry.
The Ecosystem will be governed by the DAO where token holders will decide on development and operational matters.
The Data providers will directly connect through oracles with the protocol and compete with each other in speed, event, and market diversity and precision.
The liquidity providers will be able to diversify and earn yields for their staking through a new business model that is different from that of lending protocols and can even be a hedge in some cases. I.e. generate lucrative yield in a way completely uncorrelated with the broader DeFi ecosystem or with financial markets in general.
The front-end operators will compete in providing the best User Experience to bettors and develop interesting offers to win their loyalty.
All in all the FootDex ecosystem will allow competition to flourish and the betting experience for bettors unmatched thus resulting in adoption both from the Web3 users and the bettors from the traditional betting world.