Introducing Playible, Terra’s First Next-Gen P2E Fantasy Sports Platform
Welcome to the next generation of fantasy sports on web3. Are you ready for free-to-enter, play-to-earn fantasy sports on the Terra network, anon?
Below we’ll cover what Playible is, how it works, who is behind the project, and answer some frequently asked questions.
And for those who don’t like reading, here’s the TL;DR (too long, didn’t read for the normies).
TL;DR
Who
The main team consists of Michael Vehtic (CEO), Jason Bales (CSO), Matthew Seaver (CTO), and Justin Bales (CMO).
What
Playible is a blockchain-based platform focused on bridging the gap between decentralized finance, NFT technology, and traditional gaming markets to offer free-to-enter fantasy sports contests with real cryptocurrency prizes. Collect once, play forever.
When
April 2022.
Where
Playible is set to launch on OnePlanet NFT. Available countries are TBA.
Why
Playible’s main goals are to promote the use of $UST (and other stablecoins) through strategic collaborations both within and outside of the Terra ecosystem and provide users a fun, interactive, and new way to play fantasy sports.
Table of Contents
What Is Playible?
Playible is a blockchain-based platform focused on bridging the gap between decentralized finance, NFT technology, and traditional gaming markets to offer free-to-enter fantasy sports contests with real cryptocurrency prizes.
Tapping into Anchor Protocol’s industry-leading 20% stablecoin yield, Playible offers free-to-play fantasy sports contests with NFT integration. Users purchase packs of Athlete NFTs, the money generated from the pack drop (100% of it — yes, really) is deposited into Playible’s Anchor vault, and users use their NFTs to compete for prizes each week.
In addition to Anchor’s stablecoin yield, Playible plans on offering other prizes, including: NFTs (Galactic Punks, anyone?), whitelist opportunities, merchandise (sports jerseys, Luna loot, etc.), and more.
Okay, I’m In. How Do I Join?
Great! The first official Playible pack drop is April 2022 on OnePlanet NFT. Additional mint details are not yet available. Follow us on Twitter @Playible or join our Discord here to stay informed.
We will update this section as more information in available to the public. For those that aren’t quite convinced, read on to discover how Playible works.
How Does Playible Work?
Playible utilizes NFT and blockchain technologies to enhance the traditional fantasy sports experience.
Below is a step-by-step guide on what to expect from our innovative platform, including how pack drops work, how to build a team, how to enter contests, and how to collect rewards:
Pack Drops
New Athlete NFTs will be introduced into the Playible gaming ecosystem through pack drops. There are two main kinds of packs: Starter packs and Booster packs.
Starter packs contain enough Athlete NFTs to field one entire team. For MLB, each Starter pack contains: 2 pitchers, 1 catcher, 1 first baseman, 1 second baseman, 1 third baseman, 1 shortstop, 2 outfielders, and 1 designated hitter/utility player.
Booster packs contain a smaller number of Athlete NFTs. They are used to bolster current teams, but will not contain enough Athlete NFTs to field a complete team. Users who buy only Booster packs will have to purchase multiple packs or get additional Athlete NFTs off of the secondary marketplace to have enough to enter contests.
Packs can be held unopened. There is no deadline for opening packs.
Additional details on pack drops will be available in the near future. There are benefits to participating early, and the first pack drops for each sport will come with added benefits.
Building a Team
Once you’ve opened your Starter or Booster packs, each Athlete NFT you own will be viewable in the Squad page of Playible’s platform.
Aside from purchasing packs, users can build teams by trading Athlete NFTs with other users or purchasing Athlete NFTs directly from the secondary marketplace.
Athlete NFTs will integrate with multiple Terra NFT marketplaces. Buy and sell on Playible, OnePlanet NFT, Random Earth, Knowhere, and more.
Each Athlete NFT can be used in one contest per week.
Entering Contests
Entering contests on Playible is simple. On the Home page, find a featured contest or head over to the Play page to see a complete list of available contests. Once you’ve selected a contest you want to enter based on the available prize pool and registration deadline, click the contest.
You’ll see details about the contest. Click “Enter Game.”
Now it’s time to create your team. You can rename the team by clicking “Edit Team Name.” To add Athlete NFTs, click the empty NFT of the position you want to fill. For example, click “Pitcher.”
Once you’ve selected a position spot to fill, all the Athlete NFTs you have available will populate. Choose one, and click “Proceed.”
Repeat this process for each position. That’s it! Your team is ready to enter the contest.
Claiming Rewards
Claiming rewards after a big win is as simple as going to the Play page, clicking “Completed” at the top of the screen, finding the contest you entered, and clicking “Claim Rewards.”
That’s it. Enjoy your $UST, you earned it!
Mobile Friendly
All of the above previews are on desktop to make it easier for the reader to see the examples, but we will support mobile on launch. Playible is committed to creating the best possible user experience, and playing fantasy sports (and frequently checking player scores) from your phone is important.
All of the above tutorials are nearly identical on mobile. The page listings are available under the drop down menu in the top right-hand corner of your screen.
Meet the Team
The Playible team is comprised of its core team members and strategic investors and partners. Below is a brief description of each party involved with the project:
Core Team Members
Michael Vehtic (CEO): Michael Vehtic is our Chief Executive Officer (CEO). He has over six years of experience working in sports marketing and business development and has worked for Australia’s National Rugby League (NRL) and the Rugby League World Cup.
Jason Bales (CSO): Jason Bales is our Chief Strategy Officer (CSO). He has over eight years of experience working in the fantasy sports and sports betting industries. He has worked for Fake Sports, RotoBaller, PlayUSA, DFS Karma, and FantasyGuru. He has also worked for Lucky Trader in the decentralized finance and NFT technology spaces, as well as for Lady Freethinker, a multimillion-dollar NGO, as the organization’s campaign director.
Matthew Seaver (CTO): Matthew Seaver is our Chief Technology Officer (CTO). He has over five years of experience working with React and Django frameworks and building custom-made web and mobile applications. He runs a team of over 30 developers in the Philippines under Anteriore, his software solutions business.
Justin Bales (CMO): Justin Bales is our Chief Marketing Officer. He has over seven years of experience in the fantasy sports and sports betting industries and has worked for RotoBaller, DFS Karma, Pro Football Network, and Sports Illustrated.
Investors
Hartmann Capital: Hartmann Capital is our lead investor. The crypto and digital asset management fund has been studying, building, investing in, and trading digital assets for years. Led by Felix Hartmann, Hartmann Capital focuses on investing into emerging technologies with asymmetric returns and impact.
Grizzly Capital: Grizzly Capital is a venture capital firm with years of experience between team members. The firm’s other investments include StarTerra, Kujira, Atlo, CloudName, Jigen, and others.
Interlinked Capital: Interlinked Capital is a proprietary trading fund, or prop fund for short, that began its journey into the crypto space in 2013. The team has several streams of risk-adjusted returns, including crypto mining, investing, automated trading strategies, yield farming, and DAOs.
Big Brain Holdings: Big Brain Holdings is a crypto-exclusive fund investing in pre-seed, seed, and early stage projects. The fund has made more than $15 million in investments across more than 50 projects, including Solana, Ethereum, Avalanche, Terra, Harmony, Polkadot, Tezos, Celo, Near, Algorand, Meta Blocks, and more.
What’s Next? (Wen Roadmap?)
[REDACTED], [REDACTED], and more [REDACTED].
But seriously, we are working hard to launch beta versions for MLB, NFL, NBA, and NHL this year.
We are also committed to creating new and engaging contests, implementing advanced gaming mechanics (after all, fantasy sports on web3 shouldn’t be the same as on web2), building out partnerships with strategic investors and brands, and more.
Stay tuned.
Frequently Asked Questions (FAQ)
Below are answers to some of the most frequently asked questions about Playible:
Is it really free?
Yes, entering contests is completely free of charge (excluding a minor transaction costs that go to the Terra network). Packs and NFTs on the secondary marketplace cost $UST or $LUNA.
Is there a whitelist?
Yes, there is a whitelist. Follow our Twitter @Playible and join our Discord here for more information.
What’s the hidden word?
Griffey.
How long can I use the same NFT in contests?
NFTs are forever. As long as the player on your team is actively in a sports league, the NFT can be used in our free contests.
Can I use the same NFT in two contests at the same time?
No, NFTs are locked once they enter a contest and can only be used again once the contest ends and they are unlocked by the user.
What happens when a player retires?
We are currently working on a burn mechanism for retired players that will reward users with a new NFT, $UST, or even [REDACTED].
What sports can we play?
Playible plans on launching all four major sports leagues (MLB, NBA, NFL, and NHL). Once those sports are launched, the team will consider expanding into other sports like Cricket (Indian Premier League), MMA (UFC), Soccer (English Premier League), Rugby League (Australian National Rugby League), and plenty of others.
How do you plan on preventing whales from just buying the winning teams?
During the beta testing period (the first year after our official launch), we’ll gather data information and community feedback on gameplay. Once the beta testing period ends, we will launch new contest types, advanced gameplay mechanics (upgradable NFTs, anyone?), and more to ensure fair play amongst users.
Where does the prize money come from?
The prize money is generated from Anchor Protocol. All of the $UST collected during original pack drops goes toward our Anchor vault and earns interest. That’s right, your NFTs are literally backed by the same amount of $UST you bought them with.
Why Terra?
Terra is ideally suited for Playible because of the network’s low transaction fees, commitment to decentralized stablecoins, and safe yield farming strategies. We look forward to partnering with and supporting as many Terra projects and protocols as possible. And, of course, increasing the overall demand for $UST.
What happens if Anchor Protocol fails?
It won’t. But we do have contingency plans. If Anchor Protocol witnesses catastrophic failure, we’ll move to other safe, yield-bearing stablecoin farms. If the entire Terra network witnesses catastrophic failure, our platform can integrate with other low-cost, game-centric networks like Solana or Polygon.
