Inspiration

Basketball improves overall health, benefits mental health, and keeps you fit. If your problem is extra pounds, basketball will help you quickly lose weight and gain the long-awaited harmony.

How basketball affects human psychology? Very positively, because it forms in us many useful qualities and skills. For example, endurance is the ability to focus on a set goal, take initiative, work in a team, and take responsibility. Playing sports makes you happier or less stressed.

With decentralized storage provider IPFS and blockchain technology, we are building a decentralized platform for you to learn how to play basketball. We all know that sport is good for physical health. Basketball also has many psychological benefits.

What it does

Web3Basketball Dapp introduces users to the sport of Basketball as well as contains an item store to track and ledger the delivery of basketball equipment. Each real equipment item is ledgered via a digital one with a smart contract logic system in place to determine the demand and track items. When delivery is completed the DApp NFTs should be exchanged for the physical items.

A great win for the producers is to save on costs with improved inventory tracking and demand management. Web3Basketball DApp succeeds where off-chain software-ledger system products fail because they may go out of service, need updates, and crash with data losses. Web3Basketball DApp is a very low-cost business systems management product/tool.

While competing software-based ledgering products carry monthly and or annual base fees, the only new costs accrued by the business utilizing the DApp are among new contract deployments. A new contract for a new batch of items only is needed every few months based on demand and delivery schedule.

How we built it

We built the application using JavaScript, NextJS, React, Tailwind CSS, Polygon and ChainLink. The application is hosted on Vercel. Meanwhile, the IPFS data is stored using web3.storage and nft.storage with car file extension.

We have utilised Price Feed from ChainLink oracle in the smart contract to calculate the fair price of the items in our market place. In particular we estimated Ethereum price in USD.

Interesting information

• Real Research conducted a survey. The survey began on December 24 and ended on December 26, 2020. It was attended by 20,000 people aged 19 to 60+ Highlights

1. About 77% of the respondents watch basketball games live or on-screen.
2. Almost 70% play basketball and consider themselves basketball fans.
3. The majority of people who took the survey have at least some knowledge about basketball rules.
4. Around 27% follow and watch basketball frequently.
5. Los Angeles Lakers is the favorite team of more than 30% of the respondents.
6. More than 25% think Lebron James is the NBA’s best player.
7. 37% tend to like the team where their favorite players belong to.
8. The majority pay for live NBA game tickets or live streaming subscriptions.

According to data gathered from the Real Research survey, about 70% of people play basketball, with the remaining 30% not participating. 65 percent of those who responded to the survey are single, 32 percent are married, 1.5 percent are separated, and 1.3% are involved in a domestic partnership.

Additionally, the age group with the most respondents (11,150) is 19-29 years old, followed by 29-39 years old (5,925). The group of people aged 49 to 60 overcomes next. Male respondents made up the majority of the sample (82%), while female respondents made up just 17%.

We can clearly see that basketball players tend to be young, single men. However, it doesn't exclude those who play as well to maintain their physical health or for fun.

77% of People Watch Basketball Live or On-Screen

The NBA finals are the pinnacle of basketball and draw the most attention. According to a survey, 77% of respondents watch basketball games live or on-screen. The rest of the population, 4,678 (23%) said that they don't watch basketball matches live or on TV.

more statistics is available at https://dspyt.com/Web3Basketball