MyDFS operates a blockchain-based fantasy sports platform built on Ethereum. The company aims to tokenize in-game digital assets and use smart contracts to make rewards and payments immediate and transparent while removing intermediaries. MyDFS plans to let users invest in games, teams, players and even other players by earning a share of their winnings. The platform seeks to reduce transfer times and fees and to expand global reach by using cryptocurrency rather than fiat betting. MyDFS positions itself against incumbents such as FanDuel and DraftKings and frames blockchain as a way to address payment fraud and create a more transparent fantasy economy. Financially, the company secured a $2 million cash injection from investor Frank Fu, who will also join as a board advisor.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2018