dotmoovs builds on Elrond’s scalable, fast and secure blockchain platform
We, at dotmoovs, are creating a platform that enables everyone with a mobile phone to compete against anyone on the internet in real sports. The app captures the players’ movements and makes use of computer vision and artificial intelligence to score them. The results are then compared and the winner can earn rewards in MOOV tokens and NFTs.
That’s why we’re excited to announce that we will integrate Elrond tech into our product!
“The product created by dotmoovs is a great example of how blockchain technology can be the key ingredient in bringing together digital technologies and the physical world, to create deeper and more meaningful shared experiences. The integration with the Elrond Network will contribute with scalability and efficiency to this innovative approach” said Beniamin Mincu, Elrond Network CEO.
dotmoovs will work on an exclusive challenge using our AI-powered platform where freestyle soccer players could pay to enter just EGLD and the best scores would get access to a great prize pool in both MOOV and EGLD.
We will look to extend the collaboration further by bridging a portion of the MOOV supply as ESDT tokens to Elrond’s mainnet. This will grant MOOV holders the ability to tap into additional DeFi opportunities on the Maiar Exchange.
dotmoovs’ users will be able to easily onboard the crypto space using Maiar, and then choose to use ESDT MOOV tokens inside the dotmoovs’ app, to take advantage of high speed and low-cost token transfers.
The collaboration is also exploring leveraging Elrond NFTs inside the dotmoovs’ ecosystem, taking advantage of the inexpensive minting and transfer, as well as the built-in royalties.
“Our platform is addressing a broad range of individuals, from people occasionally doing sports to real athletes. We’re looking to offer them the most intuitive experience, and tools such as Maiar are perfect for getting them acquainted with crypto.” said Pedro Rente Lourenço, dotmoovs Co-Founder.
The collaboration is important for the Elrond ecosystem because it further expands the number of projects building on our mainnet and exposes our tech to a broader audience.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
dotmoovs is the first crypto mobile worldwide competitive environment. There, users can compete with others around the world just by bringing their skills, ambition, and smartphone. We will do the rest with our AI-based video referee to assess their performance. We believe that the work people put into their regular sports practice should be rewarded. So, practice, challenge others around the world and get $MOOVs and NFTs when you win!