Updated May 9, 2023
Draft v1.6
This Whitepaper (Strikers Whitepaper) is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
Strikers, Virtual Economy, GameFi, E2P and Governance-driven Gaming paradigm
We have long been fascinated by how the rise of online gaming has become a means of earning income. While the phenomenon itself is most apparent in esports, we have long wanted to create a platform where people can utilize their interests and hobbies to make money.
There are billions of people around the world who love and follow sports. Sports have been a part of human culture for centuries, and they continue to be a source of entertainment and inspiration for people of all ages and backgrounds.
Fantasy sports games provide a platform for individuals to make money while engaging in their passion for sports. Successful management of a fantasy team can result in monetary rewards, such as cash prizes. However, we also had to address the risks involved in forming prize pools and paying platform fees. To mitigate these risks, we use Athlete Cards that preserve their value and leverage other innovative mechanisms enabled by Web3 technology.
Virtual economies offer another avenue for individuals to make money by utilizing their interests and hobbies. In virtual economies, players can buy, sell, and trade virtual goods, such as in-game currency, items, and real estate. Successful players can accumulate substantial wealth within these economies, which can be exchanged for real-world currency.
Finally, game governance plays a critical role in ensuring fair play, maintaining a stable virtual economy, and protecting players from fraud and other economic disruptions. Governance in fantasy sports games and virtual economies is essential for ensuring that players have a fair chance to earn income based on their skills and hard work. Proper governance can provide a sense of trust and security for players, which can encourage more people to participate in these opportunities and benefit from them. Compensating individuals for their contributions can transform participation in governance into a feasible means of generating primary, supplementary, or even passive income.
We created Strikers as a new way to engage users in a sustainable, transparent economy where they get rewards for contributing to the development of the game, play the game or contribute to the governance to earn monetary rewards, but don't risk their hard-earned money.
Our platform is tapping into the massive global fantasy sports market, projected to reach USD 78.5 billion by 2030, with over 62 million players in the US and Canada alone.
At Strikers, we recognize the limitations of traditional fantasy sports platforms, which leave only a small percentage of players able to cover their entry fees. We also understand the pressing need for additional income streams for people living paycheck to paycheck. The current GameFi approach has been unsustainable, plagued by Ponzi-economics problem that hinder long-term growth and sustainability.
We are excited to introduce our platform as a solution to these problems and a way for fans to turn their passions and skills into a valuable asset.
Let's dig in.