- The company grew and received cash through a Series A in 2020.
- The firm has now joined the non-fungible token bandwagon.
Scott Robinson created the sports analytics platform after working on trading techniques, technology, data science, and his interest in motorcycle racing. With the use of blockchain, Apex146’s creator discovered new avenues in the sports analytics industry.
Framework Analyzing Performance Created
Robinson created an internship program for a professor at the University of California, Santa Barbara, of personal interest. He established a framework for analyzing the performance of Grand Prix motorcycle racers with the assistance of students. Robinson developed sports performance analytics that can be used in motorcycle racing using skills he learned while working in capital markets and commodities trading at McKinsey & Company and Oliver Wyman.
It was only after some time that the company grew and received cash through a Series A in 2020 that it could enhance the way it indexed athlete performance. Soon after, Robinson saw that sports betting was using a new technology known as the blockchain, which he viewed to get into the business.
“There were two blockchain-based sports betting platforms that we thought had a real chance of penetrating the market and more would follow over the next several years.”
This is why Chainlink, the team’s decentralized application development platform, established a blockchain oracle that allows Dapps to access Apex146’s sports analytics data. Dapp developers may now use analytics data connected on-chain to build sports prediction markets, triggering dynamic interactions inside the Dapps itself. By supplying sports collections for entertainment reasons, they joined the non-fungible token (NFT) bandwagon.