Knights of Degen Officially Acquires LeagueDAO

Knights of Degen Officially Acquires LeagueDAO

Knights of Degen is officially acquiring LeagueDAO, a blockchain fantasy sports project, according to a press release from Knights of Degen.

The LeagueDAO team — Jake Craven, Tyler Ward, and Matt Hunter — will join Knights of Degen as part of the deal, though the remaining terms of the deal were not released. LeagueDAO will continue to offer its existing products — Mega League, Nomo League, and Non Fungible Brackets — and allow the platform to offer upcoming games to Knights holders.

“We have always seen fantasy sports as a pillar of the KOD ecosystem, and to that end, we’re thrilled to onboard the LeagueDAO products, team, and community," said Knights of Degen co-founder Drew Austin in the release.

The possible acquisition was first reported by Lucky Trader back in September. 

Knights of Degen is planning on releasing a token ($DGEN) that will be the native currency for its game ecosystem, the release said. LeagueDAO already has a token ($LEAG) but the project said in a Discord announcement it could not disclose any token agreements (such as claiming or those airdropped) between the two "due to legal and regulatory concerns."

LeagueDAO members were invited to join the Knights of Degen Discord after the project enables roles.

“The Knights of Degen community and ecosystem offers exactly the right engine to pursue our passion for building on-chain fantasy sports products. We are so excited about this next chapter for LeagueDAO,” said LeagueDAO co-founder Jake Craven.

More about Knights of Degen

Knights of Degen is a collection of 8,888 NFT degenerate gamblers that spend their days in the Degen Tavern sports bar wagering on anything and everything.  Each KoD is generated from over 188 possible traits, including body type, armor, weapon, and headwear.  Every Degen token holder receives exclusive access to Discord and community information such as daily sports betting tips and AMA participation alongside "major sports and cultural happenings."

At the time of publish, the Knights of Degen floor price sits at 0.265 ETH, and has stayed relatively flat over the past 24 hours on 0 ETH volume of transactions. Over the last 30 days, 2 sharp wallets have sold 3 NFTs and 2 sharp wallets have bought 2 NFTs in the Knights of Degen collection. Catch up on other recent Knights of Degen news here.

Recent Knights of Degen Sales

#6347sold at 12/02 7:12am for
0.232
#8273sold at 12/01 5:12pm for
0.250
#4105sold at 11/30 10:11pm for
0.425
#8273sold at 11/30 7:11pm for
0.227
#2406sold at 11/30 7:11pm for
0.227

Recent Knights of Degen Listings

#2098listed at 12/02 7:12am for
0.299
#2098listed at 12/02 7:12am for
0.299
#2789listed at 12/02 7:12am for
0.417
#2789listed at 12/02 7:12am for
0.417
#6347listed at 12/02 6:12am for
0.232
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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