According to the announcement, the new markets will allow anyone to wager Ethereum (ETH) on outcomes of duels and mold events in the tournament. The example given is a wager on whether a Wizard’s power will increase or the mold will consume the Wizard.
COI notes that the Wizards chosen for its Augur markets will fit into one of two categories:
- Wizard is one of the top 3 most powerful Wizards still in the tournament
- Wizard is one of the top 3 most “volatile” Wizards still in the tournament, where volatility means the Wizards power levels that fluctuated by the greatest margin during the previous day’s dueling window
In Cheeze Wizards, power is gained when a Wizard defeats an opponent in battle. The goal of the game is to accrue as much power as possible and avoid being consumed by the mold, which functions similar to the storm in Fortnite. The mold grows in power exponentially, meaning gamers have to work to keep their Wizard’s power above the minimum threshold.
The Blue Mold cometh!
For stats nerds 👩💻 out there (hopefully I'm not the only one 😅, mmmm yummy stats):
As of the most recent duel window, 6,856 duels have been completed on @CHZWZRDS since October 21st.
That's an average of well over 300 duels per day! 🧙♂️ pic.twitter.com/PAIewM0ELb
— cheezeofinsight.com 🧀 (@cheezeofinsight) November 13, 2019
The addition of prediction markets to the game should add an interesting element, as Cheeze Wizards is averaging more than 300 duels per day and the tournament’s grand prize is now at 687.5 ETH.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.