⚡️I just saw the joint new project by http://Sport.Fun (@footballdotfun) on Legion × Kraken and decided to participate a bit!
The details for the new project are here, and if you want to participate, you need to act quickly——
🔹Deadline: 9 PM tonight
🔹FDV: $60 million ($0.06/FUN)
🔹Fundraising: $3 million (currently oversubscribed by 2 times)
🔹Unlocking: 50% unlocked at TGE, remaining 50% unlocked linearly over 6 months
After a comprehensive assessment, I think the time cost is low and the odds are relatively good. This is mainly based on two judgments——👇
1️⃣ The project itself is not purely narrative-driven. http://Sport.Fun, as the first multi-sport prediction trading platform on the Base chain, has achieved over $10M in revenue, over $88M in trading volume, and is profitable, having also received investment from Coinbase Ventures.
Unlike many prediction markets that are still focused on "event hype + capital speculation," it has consistently focused on the vertical of sports, generating ongoing trading and payment behavior.
From football → NFL → future NBA, this model of deepening the same group of sports users naturally retains and encourages repurchase better than general prediction markets.
2️⃣ A valuation of $60 million FDV, placed in a consumer-grade application that already has trading volume, revenue, and expansion paths, is not outrageous.
Compared to the last $YB new project with a valuation of $300 million, the market has already given a 5X premium reference.
Moreover, the combination of Legion + Kraken for this joint sale itself serves as a filter, ensuring that at least in terms of compliance, structure, and maturity, it is acceptable.
Currently, the market does not have particularly good directions, so if there is a quota, participating a bit is just a low-cost bet on the on-chainization of sports predictions, which I personally find acceptable!
Participation links:
✅ Legion: https://app.legion.cc/sport.fun
✅ Kraken: https://www.kraken.com/launch/fun

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