ESCA - ERC721 Speculative Calcutta Auction

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  ESCA tier 1 bracket flow chart

Give the recent rates of adoption and utility of ERC721 collectables, it is apparent that there is niche market regarding the gambling industry and these uniquely collectable digital assets. For instance take the Counter-Strike Global Offence weapon skins and the mass demand for an asset that declares a sense of singularity in relation to other of the same typeset. Not forgetting the huge craze of the infamous Cryptokitties and not the current fad of Ethertulips, these assets create an in-game economy to the gaming scene. Which is seen across majority of modern day video games, with in-game transactions. DAO Casino is a framework that can used to create another gambling based eco-system for these fungible assets, as currently there is no implementations that combine the sense of collectables and wager based risk game present in the Blockchain space.

The ESCA is a fully autonomous decentralised gambling infrastructure that allows collectors to monetise their ERC721 assets at at higher rate than the marketplace price, due to the basis that it is it the fundamental aspect of value within this speculative based wager system. The aspect of speculative betting and a combination of a monetary tournament allows a tiered functionality to the game, but also the total pot distributes an percentage value to the collector in order to incentive their participation in the wager based scheme, whilst allows them to sell their assets in an accessible manner.

Built With

• node.js
• react.js
• soldity