Stakefair ) formerly BetDemand) announces $670,000 pre-seed funding to expand beyond DeFi gaming, after undergoing beta testing as BetDemand for 6 months, the rebranded name, Stakefair is now launched to incorporate new arms of the expansion
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The funds are being channelled towards building an ecosystem for decentralized and centralized platforms to interact with ease; that is, a DeFi yield generation protocol for users, businesses and governments.
Stakefair (BetDemand) is a Decentralized Finance (Defi) service that pools together funds — cryptocurrencies in a sport event prize pool, allowing users to predict the outcome of a game, giving out cash rewards to the winners without anyone losing money even if they lost the bet.
In January, 2021, the Defi sport gaming startup Stakefair ( formerly BetDemand) was founded by Akinyemi Akindele, 27, who studied computer science at the University of Ibadan, where he trained as a Web2 software developer.