Friday, January 27, 2023

Dash, FanDuel Present Crypto Cup: NBA Playoff Cryptocurrency Contest

Dash, FanDuel Present Crypto Cup: NBA Playoff Cryptocurrency Contest

NBA playoffs, fantasy sports, and the cryptoverse are now being wed thanks to the new Crypto Cup — a collaboration between FanDuel and the payments cryptocurrency project Dash. The event, “presented by Dash,” will see the top winners receive varying Dash payouts. 

Also see: Capping Promising Week, Bitcoin Tops $11,000 as Traders Look Ahead

Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates:

Crypto Cup Follows Bitcoin Bowl

After their holiday “Bitcoin Bowl” and recent sponsorship of MMA welterweight fighter Rory MacDonald, the team behind Dash continues emphasizing breaking into the mainstream with their new “Crypto Cup” competition alongside popular fantasy sports platform FanDuel.

MacDonald pictured wearing Dash gear.

The cup, which will begin on February 22nd, will have two divisions: one where players can play free of charge, and another where a $3 USD entry fee will be necessary to play.

The tournament will expose many of FanDuel’s 6 million players to Dash and cryptocurrencies in general for the first time. Players’ rosters will need to be finalized before the NBA playoffs tip-off. Prizes are set up as follows:

Paid Division

1st place: 15 Dash
2nd: 10 Dash
3rd: 5 Dash
4th: 4 Dash
5th: 3 Dash
6th: 2 Dash
7th: 1 Dash

Free Division

1st place: 2 Dash
2nd: 1.5 Dash
3rd: 1 Dash
4th: 0.5 Dash

FanDuel CFO: “Our Goal Is to Innovate”

To participants in the fantasy sports arena, it’s no secret that FanDuel and DraftKings are direct competitors. Notably, then, FanDuel is now seemingly turning to cryptocurrencies to get a leg up on its rival.

The first Bitcoin Bowl was a hit.

Andy Giancamilli, FanDuel CFO, called the strategy part of a broader innovation plan:

“Our first cryptocurrency contest was a new experience and well-received by our users, so we wanted to continue to offer this unique prizing option. We are at the forefront of the sports industry, so whether it’s Bingo or cryptocurrency as a prize, our goal is to innovate our contests and prizes to give more people more ways to play and win on FanDuel.”

What’s your take? Do you think fantasy sports and cryptocurrencies are a good or bad mix? Sound off in the comments below. 

Images via Dash Force News, FanDuel, LA Times

Bitsonline Email Newsletter