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Outpost Chess

Serbia
Market: Entertainment, Tourism, sport, Services, Other, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 26.11.2024
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Idea

Outpost Chess helps chess enthusiast monetize their chess skills through online 1-on-1 chess matches.

Current Status

We have 31.000 users, we have 8000+ initiations for 1vs1 match, we have 33% MoM growth, our revenue per month is 800 euros.

Problem or Opportunity

Chess enthusiasts often face challenges in monetizing their skills. Even though chess is one of the most played sports on the planet, due to intense competition, the high cost of tournaments, and limited prize pools, many players struggle to generate income from their talent.

Solution (product or service)

Outpost Chess is an all-in-one solution for chess enthusiasts who want to monetize their chess careers. It enables players, using their real names and verified identities, to challenge each other in 1-on-1 tournaments. This allows them to earn faster and monetize their chess skills comfortably from home, right from their favorite chair.

Business model

Transaction fee model is our main model. Players deposit money into our platform Wallet, where we take a percentage from the amount added to their Wallet. Users then utilize this money to register for tournaments, pay for lessons, and engage in 1vs1 games within the platform.

Incubation/Acceleration programs accomplishment

Raising Starts - https://ntpark.rs/en/raising-starts-en/
Smart Start - https://www.inovacionifond.rs/en/programs/smart-start
Katapult accelerator - https://www.inovacionifond.rs/en/programs/katapult
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Idea
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