A caveat: While wealthy and sophisticated “accredited investors” will be able to trade lawsuit tokens immediately, the non-rich will be legally required to agree to a year-long lockup period, according to Insider.)
Got a tip? From a non-work device, contact our reporter at [email protected] or via Signal at 310-614-3752 for extra security.
The concept of litigation funding isn’t unique. An industry built around the concept has been growing in popularity in recent years. Between June 2019 and June 2020, investors plowed $2.5 billion into the litigation funding sector, according to the finance advisory firm Westfleet Advisors.
But up until now, only so-called “accredited” wealthy investors could put their money into the sector. Through the use of crypto tokens, Ryval claims, it can legally open up access to the industry to all.
But at the end of the day, I don’t think anybody should be the gatekeeper to who has access to the courts. I think access to the court system, access to the legal justice system should be something that is given to as many people as the justice system can handle.” Roche believes Ryval lawsuits will “run the full gamut” and include antitrust, securities claims, and wrongful termination.
Asked if there were any types of cases Ryval would avoid, Roche replied, “I don’t see anything that I wouldn’t categorically not go near.”
To help novices navigate such a complex industry and decide where to place their bets, Ryval will provide users with the basic facts of the case and the procedural elements necessary in order to win, as well as other relevant information like how often a particular type of case is successful.
Non-fungible tokens (NFTs) continue to revolutionize industries with their ground-breaking technology. Among the fields NFTs have upgraded, the gaming space has seen the largest growth. Every day, the number of crypto investors and gamers getting hooked into NFT gaming keeps increasing.
With their unique benefits, NFTs have changed the gaming industry.
Their blockchain attributes and vast utility let players use them as in-game characters, special abilities, commodities, and other tradable objects.
- Startup wants to gamify using crypto-pro
- “The second thing I learned is prioritization: Knowing what to do first before the next thing and knowing how to deal with uncertainty and imperfection, because you’re just never going to be able to get it perfect.”
- Startup wants to gamify using cryptoax
- Startup wants to gamify using cryptoevil
- Corruption? In the court system?
Startup wants to gamify using crypto-pro
For example, I did it in college, and I still graduated, and, in fact, [I] actually graduated in three years. I think…you don’t have to think of doing a startup as a huge undertaking, [where] you have to drop everything—if you learn to manage your time. I think the most important thing I learned is prioritization and focus.
If you focus on the right thing—the number one priority—and get it done, you can [make] major progress [with] your company. —
“The second thing I learned is prioritization: Knowing what to do first before the next thing and knowing how to deal with uncertainty and imperfection, because you’re just never going to be able to get it perfect.”
—So first of all, I would recommend [that] if there’s college students thinking about doing startups, 100% go for it; it’s pretty much risk-free for you at this time.
Startup wants to gamify using cryptoax
You’re not having that much opportunity cost, you know? And you get to really have…almost like a hobby. Honestly, it was like a hobby for me in college. And so…I guess, [of the] two things I think I learned the most, [the] number one [thing] is focus. It’s [to be] focused on one thing and execute…perfectly on that.
And then the second thing I learned is prioritization: Knowing what to do first before the next thing and knowing how to deal with uncertainty and imperfection, because you’re just never going to be able to get it perfect.
That’s just not going to happen. And you have to be able to live with it and ship out a product that is not perfect. But the priority is to ship something out, to get something out there. And that has always been our mindset.
Startup wants to gamify using cryptoevil
And we just feel like it’s kind of the next thing, because we started Zogo while we were in school, which is why we’re based in Durham. So it’s nice to keep [that] going…and then find a new hub with other startups.
And can you walk me through how that works—that whole process? And maybe give me an example of a lesson that you might get through and then how you would get paid from that?
So in the Zogo app, we break down all the complicated concepts into over 300 super bite-sized modules…that teach people everything about financial literacy [and] so on and so forth. And for completing each module, it takes two, three minutes, kind of like a Duolingo module takes two to three minutes.
If you complete the module, you will earn pineapples, which is our in-app currency. So you run pineapples, and then you can use your pineapples to redeem for rewards.
And especially these days with the Internet, social media, there’s just [an] information overflow, right? But what we believe is a problem with financial literacy—and [with] really any kind of stigmatic education, like…mental health, sex education, [and] so on and so forth—the problem is, people just don’t really have an incentive to actually learn it. It’s kind of like eating spinach; you kind of just don’t really want to do it. But sometimes maybe you do a little bit. It’s not something [where] you just say, “Oh, my God, I want to learn this.” And people don’t realize the consequences of it.
So that’s why we added that incentive inside the app to motivate people to keep going, and it’s a huge difference.
And once people start getting into it, starting to learn about finance, they become more self-motivated.
The tech startup website is hyper focused on what investors can do to make money from lawsuit betting.
The pitch promises investors a “50% annual returns” on investment. Additionally, they’ll be able to “access a multi-billion dollar investment class previously unavailable to the public”. The startup will allow “all investors regardless of accreditation status”.
Read More: Multi-million dollar NFT heist causes man to lose all his Apes
Corruption? In the court system?
Of course, gamifying litigation into a gambling-focused economy sounds like an industry rife for exploitation.
Dip — a nod to the crypto market’s ongoing downturn. Playable through July 31, the game gives players a chance to win crypto like Bitcoin, Ethereum, Solana, Avalanche and Dogecoin along with other prizes that are actual dips such as guacamole and queso. (The game follows a similar stunt last year in which Chipotle gave away $100,000 through a so-called BurritosOrBitcoin game that let people guess a code for a chance at free bitcoin or a free burrito.)
Crypto and dips giveaway “Buy the Dip” (the brand’s follow-up to “BurritosOrBitcoin”); Roblox Halloween maze; Virtual burrito-rolling store; Esports experiments with 100 Thieves CEO, Twitch streamer and others; THE PAYOFF: Millions of unique visitors from some games, recruiting new members for Chipotle’s loyalty program (now 29 million-strong).
Chipotle isn’t the only brand to either gamify or give away crypto.
Zogo Financehas been likened toDuolingo, the wildly successful language learning app. It has alsolandedfounders Bolun Li, Simon Komlos and Simran Singh on the Forbes “30-under-30” list.Li, 23, is particularly passionate about making finance approachable for young people. The Zogo app, now partnering with banks and credit unions in all 50 states, shows users the nuts and bolts of personal finance by breaking it down into bite-sized chunks, and providing incentives to learn by “gamifying” the process.
With approximately 100,000 users and about100 financial institution partners, Zogo has won a number of industry awards, including “Best of Show” at Finovate Fall 2019 and the NACUSO 2019 Next Big Idea Competition.
—When I got to Duke, one of our professors was really famous,Dan Ariely. I got a chance to talk to him [and] learn a lot about the role [of] behavioral science. And with my two co-founders, we founded Zogo, [which was] also partly inspired byDuolingoas well, to gamify.
[ Not just] to find a language, but gamifying financial literacy, education, and bringing that to the public.
I guess I would like to hear more about…Duolingo. I’m somebody that spent quite a lot of time on that app. So did it inspire you when [you were] creating your app design? What are the similarities?
I mean, that’s part of it, but more part of the size—you know, [the] quick, fast-paced, accessible nature of things, just to make things very gamified and very fun.
And we have some very unique things in the app.
They’re like, “Holy shit—I actually need to know about this thing.” And the money becomes less of a motivator.
It just becomes about the learning, right? It’s sort of a mix of the two. So what do you think about something likeRobinhood? Do you think that this is kind of helping with financial literacy? Or do you think it’s making things worse with, you know, meme stocks and things like that?
[S]o it’s a double edged sword, I think. On one side, it actually helps the younger generations to be even more curious than…previous generations around money in general, because they realize…they can do stuff with it, and they want to learn more.
So there’s definitely a push to learn more, which I think is good. But then obviously, there’s a problem with Tik Tok, and some bad information is all over the internet. That’s not good.