Penky is the first ever social betting platform based on blockchain technology that enables players to buy celebrities’ NFTs and bet on real events of their public and private life. Penky enhances and innovates three key elements: Players, NFT technology and Decentralization.
Penky is an open-source project self-managed by the Community. A transparent and autonomous NFT tournaments dApp based on Polygon and Avalanche blockchains, using the Penky token as a unique element to join tournaments, managing the community and allowing token holders to trade it on centralized & decentralized exchanges.
On Penky, the celebrities’ NFTs – a universe made of athletes, actors, musicians, politicians and influencers – are the tool through which players can bet on the performances and on the events of famous people’ lives all over the world. By purchasing the NFTs of the celebrities and bets made on their real lives, Penky tokenizes the emotional connection between celebrities and players, creating an identity overlap that engages the user directly and throughout the entire game process. Owning an NFT and the relating bets are not merely an investment plan, but rather an entirely new way for fans to convey their passion for Celebrities and either win or lose with them. The entire betting platform is completely decentralized and managed through smart contracts on Matic sidechain. Ultimately there is no unbiased management that cansomehow control the House: the House is indeed entirely governed – both at a decisionmaking level and at an administrative one – by Penky’s Governance token holders, who on a weekly basis divide among themselves the profits generated by the bets. Penky therefore turns Investors and Players into the Sole Shareholders of the platform, thus guaranteeing the incorruptibility of the entire project.
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