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
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.
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