Oval3's IDO on ChainGPT Pad: Pioneering the Future of Fantasy Rugby with Web3 Integration

Introduction:

ChainGPT Pad, recognized as the number one launchpad in crypto by CryptoRank for November, is excited to reveal the Oval3 IDO to our passionate community. Merging the universally popular worlds of rugby and fantasy sports, Oval3 is set to continue making a significant impact.

The Innovative Concept of Oval3:

Oval3 brings a fresh twist to fantasy rugby. It merges the traditional online game with cutting-edge Web3 technology. Players can engage for free or opt for the Web3 version, complete with NFTs (non-fungible tokens). The game's core involves creating fantasy rugby teams using real-life players; their actual performances impact your game.

Development and Partnerships:

Developed by BAMG Sport, known for their successful Web2 rugby game, Oval3 isn't starting from scratch, it already boasts a 55,000-strong user base in Web2 and 10,000 in Web3. The project gains credibility from its association with Antoine Dupont, the French rugby captain and a world-renowned player.

Oval3’s Ambassador and Shareholder - Antoine Dupont, Captain of the French National Team.

Exclusive Licenses and Expansion:

Oval3 holds coveted licenses with the French and American national rugby leagues, covering a wide range of teams and players for an authentic and extensive gaming experience. The game is also in talks to include even more leagues, broadening its scope. Including plans to announce the English league just after the listing.

Investments and Marketplace Success:

Oval3 has secured significant funding, including $1.8 million in an Equity Round and $850,000 from a Private Sale. Its marketplace is already a hit, generating over $500,000 in just three months, proving the game's high demand and market value.

Real and Virtual Rugby Worlds Collide:

Oval3 isn't just about the online experience; it bridges the game with real-life rugby events. Fans have enjoyed unique experiences in cities like Toulouse and New Orleans, blending the excitement of virtual and real-world rugby.

Market Analysis:

Total Addressable Market

Rugby Union boasts over 850 million fans worldwide, and the 2023 Rugby World Cup attracted over a billion viewers this past summer, according to Digital TV Europe. With such a massive global reach, the sport's appeal is clearly undeniable.

Roadmap and Future Prospects:

Oval3's roadmap is a testament to its ambitious and forward-thinking strategy, laying out a series of exciting developments for late 2023 and throughout 2024:

Exchange Listings: A crucial step in the roadmap is the listing of Oval3 on the top 10 cryptocurrency exchanges. This move, expected sometime soon and into early 2024, will enhance the token's accessibility and liquidity, broadening its investor base.
Introduction of Unique Tournaments: The platform plans to introduce tournaments featuring unique rarity and higher rewards. This addition aims to heighten the competitive spirit of the game, offering players more thrilling challenges and lucrative opportunities.
Expansion into Major Rugby Leagues: Oval3 is in advanced negotiations to bring more major rugby leagues into its fold, including prestigious tournaments like the Six Nations Tournament and the Rugby World Cup. The inclusion of these leagues will significantly enrich the game's realism and appeal.
Player vs Player (PvP) Matches: A significant feature on the horizon is the introduction of PvP matches, where players can compete against each other with tokens at stake. This feature will add a new layer of excitement and risk to the gameplay, appealing to competitive players.
Enhanced Ecosystem Features: Oval3 plans to continuously innovate and add features that will bring significant changes to its ecosystem. These new features are designed to keep the game fresh, engaging, and aligned with the latest trends in gaming and technology.

By executing this roadmap, Oval3 is not just expanding its game but also reinforcing its position as a leader in the intersection of fantasy sports and blockchain technology. These steps are aimed at delivering an ever-evolving, immersive experience for rugby fans and gamers alike.

Revenue and Token Utilities in Oval3:

Oval3 introduces the $OVL3 token, replacing MATIC for NFT purchases, with a robust marketplace performance of about $500,000 in sales over seven months. This strategic move is expected to boost the token's market presence.

Key Aspects of $OVL3:

Token Buy-Back: A portion of advertising revenue, like that from Canal+ and Range Rover, is used to repurchase $OVL3 tokens, enhancing market liquidity and value.
Token Burn: Certain league registration fees in $OVL3 are burned, reducing overall supply and increasing rarity and value, especially when linked to exclusive rewards.
Real World Utility: Negotiations with rugby clubs aim to allow $OVL3 for in-stadium purchases, bridging the gap between the digital and physical rugby worlds.
Decentralized Governance (DAO): Token holders gain a voice in the game's development, strengthening community involvement. Oval3's partnership with Rugby DAO underlines this commitment.
Staking and Fan Engagement: Staking $OVL3 offers interest rewards, while fan tokens provide exclusive access to rugby events and merchandise.

These elements showcase Oval3's commitment to creating a dynamic, user-engaged, and economically sustainable ecosystem in the fantasy rugby and Web3 domains.

The Team Behind Oval3:

The success of Oval3 can be significantly attributed to its talented and dedicated team. This group of professionals brings together a diverse array of skills and experiences, ensuring that every aspect of the game, from its technical foundation to its user experience, is crafted to the highest standard. Their combined expertise in both the rugby world and digital innovation is the driving force behind Oval3's anticipated success.

Discover more about the Oval3 team's professional backgrounds on their LinkedIn page.

IDO Specifications:

Token Name: $OVL3
Token Price: $0.03
Allocation: $100,000
Max Supply: 1,000,000,000
Network: Polygon
Circulating Supply at TGE: $400,000
Vesting Schedule: 20% at TGE, no cliff, 9 monthly unlocks
Launchpads: ChainGPT Pad, DAO Maker, Red Kite and Poolz.
Listing Details: TBA
Eligible Tiers: The Guaranteed Round is exclusively available to Diamond Tier members, followed by a First Come, First Served (FCFS) round open to all.

Conclusion:

As the Oval3 IDO launches on ChainGPT Pad, it marks not just a new chapter in fantasy sports but a significant leap forward in the integration of rugby passion and Web3 innovation. Oval3 transcends the conventional boundaries of gaming, bringing a unique fusion of real-world sports enthusiasm and cutting-edge blockchain technology. This IDO symbolizes more than just a gaming evolution; it represents a new horizon in fan engagement and technological advancement. With Oval3's strategic development, exclusive licenses, and robust market positioning, it is not merely a game, it's a pioneering movement in the future of fantasy rugby. Enthusiasts of both rugby and crypto are invited to be a part of this exciting journey, witnessing firsthand how Oval3 reshapes the landscape of sports gaming in the Web3 era.

Oval3 Resources:

IDO Page | Website | Litepaper | Marketplace | Twitter | Instagram | Discord

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