Hey MC, I’m Victor if we haven’t met yet. My project Shenanigan is growing everyday. We’ve gotten lots of positive feedback from the Ethereum community and we recently open sourced 50% of our codebase. In fact you can watch us as we develop our contracts from the discord.
Shenanigan aims to solve the problem every athlete faces during their career.
“If I cant go professional, what do I do when I’m done?”
Besides joining a circus? Nothing.
Every year, thousands of young adults turn away from there passions and start remedial jobs. And this is our core demographic at Shenanigan.
Betting on sporting events is a human pastime as old as history. That’s why last year, Nevada handled $8billion in bets and brought in $543million in revenue. All this money going back and forth and the athletes never see a dime. Shenanigan wants to open the door to a new paradigm.
Shenanigan wants to remove the middleman and pay the athletes directly with a cut of the winnings.Utilizing LivePeer’s streaming technology and the Shenanigan mobile app, athletes will set up a live wager for the app community. Athletes will set their own goals or challenges and then livestream their attempts. If they complete their goal, live for everyone to see, they receive a cut of the betting pot. Winning bets are then paid out accordingly. And Everyone’s Happy! (except the losers)
We recently introduced the idea to our first target audience, the Super Smash Bros. Melee Community. While Shenanigan primary focus is outside of Esports, melee players have shown a genuine interest in the product. Of the 400 players/watchers surveyed, 40% said they currently side bet on matches, 56.8% said they would participate in a betting pool, and 92% said they are positive or neutral about betting within the community. We had the #11 player in the world S2J (66K followers) retweet us and sing positive praises as well as the #8 player Plup sing our praises on his stream (clip in the google doc).
Shenanigan has been under development for a year before our official presentation in the beginning of 2020. While we plan to release a beta by the end of the year, a Frankenstein MVP has already been put together. The MVP includes:
- A functional live stream w/ webRTC
- Ethereum wallet onboarding process and login
- Full bets and donations
This was a proof of concept more than else, but it gave me a great scope on the project and its requirements. We plan on switching off webRTC and trying LivePeer’s streaming tech for our beta. We are also looking for another developer so if I’ve peaked your fancy then please feel free to DM me @youngkidwarrior!
A Shenanigan DAO has beeen set up on the Aragon platform to handle betting disputes from the app, as well as company financing, decisions, etc. We are setup under a single person LLC wrapper made by the OpenLaw guys. The unofficial plans for the DAO include MolochDAO rage-quitting, bounties, fundraising, and community voting. See you there!