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Esports and Virtual Sports: How Are They Different?

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Esports and Virtual Sports How Are They Different

With the COVID-19 pandemic, many traditional sports bettors have started to look for other alternatives, namely esports and virtual sports.

To novices, esports and virtual sports might seem like the same thing, but there are many different features that set these two apart. We will be explaining what particularities esports and virtual sports have in order to help bettors decide which type of sports is more suited for their betting style.

What Are Esports?

Esports define the concept of gaming seen as a sport, where professional video game players compete in tournaments for prizes. Such competitions are basically a video game in which real players fight with each other.

While there are several video games that have traditional sports, such as football (FIFA), the most popular genres are multiplayer online battle arenas (MOBA), such as DOTA II, and first-person shooter games like Fortnite, Call of Duty, and Counter-Strike.

Betting on Esports involves betting on a team or individual player, either during the tournament, league, or match. Like traditional sports, you can place bets while the game is live, and you can also watch the live streams of big events, just like football.

Since the pandemic caused many traditional sports games to be canceled, many have shifted their interest towards esports, as these types of matches can be carried out exclusively online.

What Are Virtual Sports?

Virtual sports are virtual simulations of real-world, popular sports and do not involve any real action, as the outcomes are generated by computer-based sequences through the use of a Random Number Generator (RNG) software.

There are plenty of virtual sports based on “normal” sports betting, but the most popular seem to be horse racing and football. As these games use RNGs, betting on them is more similar to playing at an online casino than on a sportsbook. Instead of betting on the spin of a slot, you bet on a horse, a football team, or a racing car. Esports betting is more similar to real-sports betting, as the principle is largely the same.

The RNG software determines which player or team will win based on their odds, and their chance of winning in proportion to the odds is identical.

Virtual sports have been around for a long time, but because of the limited number of traditional sporting events, this type of betting has seen a resurgence, as bettors were seeking sports options during the pandemic.

Pros and Cons of Esports vs Virtual Sports

Both types of sports have their pros and cons when it comes to betting:

  • Esports are more entertaining for video game fans, so you can understand the odds for such matches better;
  • Virtual sports are easier to understand by traditional sports fans;
  • When it comes to betting, Esports betting has the same mechanism that is applied to traditional sports betting, as you wager on the outcome of real-life events, even though they are happening online;
  • Virtual sports betting is more like casino gambling, as the outcomes are generated at random, like with slots;
  • You can bet on virtual sports whenever you want, as they are streamed non-stop;
  • Esports events are played frequently, but not like virtual sports.

Whether you are into virtual sports betting or esports betting, the 1xBit online crypto sportsbook offers plenty of events for both. Here you can find games such as DOTA II, StarCraft, Overwatch, Rainbow 6, PUBG, Fortnite, and CS:GO, as well as virtual versions of football, racing, tennis, cockfights, and many others.

1xBit features a wide line on all bets, having a variety of bids for sports events, with over 20 betting variations per event, including Double Chance, Handicap, Correct Score, and many more. At 1xBit, you can find the best odds in the crypto sportsbook industry.

Registering on the platform is simple and requires only one click. No email or personal information has to be submitted, as the site automatically generates an account number and password. This, combined with the exclusive use of cryptocurrencies as payment, make 1xBit a fully anonymous sportsbook.

Users can fund their multi-currency accounts as soon as they create it, and they can start placing bets on their favorite esport or virtual sport without any worries.

1xBit supports the deposit and withdrawal of over 20 different cryptos, including Bitcoin, Ethereum, and Litecoin. Payouts are executed quickly, and there are no transaction fees on 1xBit’s part, as all transactions are based on crypto.

New users can take advantage of a welcome bonus of 7 BTC that is given throughout the course of their first four deposits, where they can claim between 1 and 3 BTC for each deposit.

Come and discover esports and virtual betting on 1xBit and enrich your crypto funds!

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WEMIX Solidifies Global Reach with Listing on Kraken

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The milestone listing propels WEMIX’s native coin into Western markets including the U.S., Canada, the U.K., and Australia

SINGAPORE, 8th July, 2026 — WEMIX, the Layer-1 blockchain ecosystem developed by gaming giant WEMADE, today announced that its native coin (WEMIX) has been officially listed on Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency exchanges. Trading is scheduled to commence on 7 July 2026, allowing Kraken’s global user base to deposit, withdraw, and trade WEMIX against the USD.

Listing on Kraken represents a pivotal shift in liquidity and market exposure for WEMIX. While WEMIX has historically maintained an entrenched position within South Korea, South America, and regional Asian markets, this integration into Kraken vastly expands its global reach. It opens access for Western institutional and retail investors across regions including the U.S., Canada, the U.K., and Australia, which will serve as a base for international users interacting with WEMIX’s extensive digital economy.

Shane Kim, CEO of WEMIX and Vice President of WEMADE, said: “Aligning with partners who share our commitment to compliance and security is paramount. Given Kraken’s reputation, we are honored to collaborate with them as we scale our market reach, establish a strategic foothold in the U.S. — the world’s largest financial market — alongside other key Western regions, and evolve into a truly global blockchain ecosystem.”

As WEMIX sets its sights on scaling its Real-World Asset (RWA) initiatives, securing this major listing by tapping into the immense capital pool of the biggest financial market in the world also significantly elevates WEMIX’s global visibility, enables deeper liquidity, and positions the ecosystem to attract a vast new wave of participants.

WEMIX’s listing on Kraken comes amid its parent company’s aggressive expansion across fintech, cross-border payments, and the RWA market. Along with upcoming AAA game launches designed to solidify its market leadership and deepen the WEMIX Web3 gaming ecosystem, WEMADE recently launched StableNet, Korea’s first dedicated Layer-1 blockchain for KRW-backed stablecoins, and established the Global Alliance for KRW Stablecoin (GAKS). Key alliance members include Web3 behemoths such as Chainlink, Chainalysis, and CertiK.

“Bolstered by massive infrastructure leaps like StableNet and the GAKS alliance, WEMADE is building the future of Web3 gaming and its convergence with fintech. Now, cementing our footprint in the Western financial ecosystem further proves that WEMIX, our Web3 arm, is built for the global stage,” Kim added.

Beyond its milestone listing on Kraken, WEMIX remains committed to securing further high-profile exchange integrations, systematically driving global liquidity, and expanding access for its growing international community.

For media enquiries, please contact: pr@wemix.com

About WEMIX
WEMIX is a leading blockchain ecosystem for gaming and digital economies, powered by its highly scalable, EVM-compatible Layer-1 mainnet, WEMIX3.0. With a wide range of integrated services-including NFTs, DeFi, stablecoin payments, and tokenized in-game assets-WEMIX enables seamless integration between gameplay and real-world value. Designed to be transparent, sustainable, and developer-friendly, WEMIX serves as the foundation for the global Web3 gaming ecosystem. For more information, please visit https://wemix.com.

About WEMADE
WEMADE is the only company combining over two decades of AAA game development success with a fully operational, game-proven blockchain ecosystem-built entirely on its proprietary Layer-1 mainnet, WEMIX3.0. Known for global hits such as The Legend of Mir, MIR4, NIGHT CROWS and Legend of YMIR, WEMADE is leading the industry in seamlessly integrating gameplay, tokenomics, NFTs, stablecoin payments, and blockchain infrastructure. Through WEMIX PLAY, WEMADE delivers a unified digital economy where players, creators, and investors can own, trade, and benefit from digital assets-powering the next generation of interactive entertainment and driving the evolution of Web3 gaming. For more information, please visit https://wemade.com.

About Kraken
Founded in 2011, Kraken is one of the world’s longest-standing and most secure crypto platforms globally. Kraken clients trade more than 600 digital assets, traditional assets such as US futures and US-listed stocks and ETFs, and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Trusted by millions of institutions, professional traders and consumers, Kraken is one of the fastest, most liquid and performant trading platforms available.

Kraken’s suite of products and services includes the Kraken App, Kraken Pro, the Krak App, Kraken Institutional, Kraken’s onchain offerings and the Ninja Trader retail trading platform. Across these offerings, clients can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.

Kraken has set the industry standard for transparency and client trust, and it was the first crypto platform to conduct Proof of Reserves. It complies with regulations and laws applicable to its business, while actively protecting client privacy and maintaining the highest security standards.

For more information about Kraken, please visit www.kraken.com.

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EVAA Finance (EVAA) Pivots From Lending Protocol to Full Crypto Neobank on Telegram

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EVAA Finance has spent the past year building the most consequential DeFi infrastructure on the TON blockchain. As the network’s largest lending protocol — having processed over $1.4 billion in cumulative volume since launch — it now has its sights set on something considerably more ambitious: becoming a full-service crypto neobank embedded directly inside Telegram.

That pivot is underway in 2026, and the roadmap changes what EVAA is competing for entirely.

Where EVAA Stands Right Now

EVAA’s TVL currently sits at approximately $14.69 million on the TON blockchain — a modest figure in absolute terms, but a meaningful one within the context of TON’s still-developing DeFi ecosystem. The protocol raised $2.5 million in a private token sale in January 2025 from backers including Polymorphic, TON Ventures, Animoca Ventures, CMT Digital, and Mythos Ventures, before launching its token generation event in October 2025.

EVAA operates on a pool-based lending model — users deposit assets to earn yield, borrowers pledge collateral and take out loans, and interest rates adjust dynamically based on supply and demand. All of it is executed automatically by smart contracts on TON’s high-throughput, proof-of-stake architecture, with low fees and fast settlement times that make frequent DeFi interactions genuinely practical rather than cost-prohibitive.

The FIVA Integration That Expanded the Yield Stack

One of the most significant recent product moves was EVAA’s integration with FIVA — the first yield tokenization protocol on TON. The integration effectively brings a Pendle-style yield splitting mechanism to the TON ecosystem for the first time, giving EVAA users access to fixed-yield products, leveraged farming positions, and impermanent loss-protected liquidity — all within EVAA’s interface.

Through the integration, users can split deposits into Principal Tokens for fixed, guaranteed returns insulated from rate volatility, or Yield Tokens for leveraged exposure to EVAA yields and farming points. With EVAA’s historical lending rates swinging between 3% and 14% — and dropping as much as 75% in a year — the ability to lock in a fixed rate matters for passive investors who need predictable income. The FIVA integration addresses exactly that need.

The Neobank Pivot That Changes the Competitive Frame

The 2026 roadmap reveals that EVAA is no longer thinking of itself primarily as a lending protocol. The team is building toward a full crypto neobank experience accessible through Telegram — one that would include a crypto card, credit services expansion into undercollateralized loan products, AI-driven personalization of financial recommendations, and cross-chain interoperability extending beyond TON and BNB Chain to Ethereum and TRON.

That’s a large surface area for a protocol with $14.69 million in TVL. But the competitive logic makes sense in the context of Telegram’s reach. The messaging app has over 900 million monthly active users — a distribution layer that no other blockchain has access to in the same way. If EVAA can embed lending, borrowing, cards, and personalized financial services directly into a Telegram-native experience, the addressable market stops being “TON DeFi users” and starts approaching “Telegram users who want financial services without switching apps.”

Whether execution matches ambition is the honest question. Cross-chain development introduces security risk. Undercollateralized lending requires sophisticated risk models that are difficult to get right in DeFi. And AI personalization at the protocol level is largely unproven. Each of these is a meaningful capability gap to close simultaneously.

What the EVAA Token Does

The EVAA token has a capped supply of 50 million tokens and serves three roles — governance, fee rebates for active users, and staking rewards. A linear unlock schedule manages inflation, and an automatic buyback-and-burn mechanism funded by protocol revenue creates deflationary pressure as usage grows. The token’s price has faced headwinds, down roughly 47% over the past 30 days, reflecting a market that’s skeptical about the neobank ambitions more than the core lending product.

That skepticism is a fair lens. The lending infrastructure is working. The neobank pivot is the trade the market is being asked to take on faith — and the coming quarters will determine whether that faith is justified.

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Grove Protocol (GROVE) Lands on Coinbase as Sky Ecosystem’s Institutional Credit Layer Goes Live

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Grove Protocol has had a busy first two weeks of July. On July 6, 2026, Coinbase launched spot trading for GROVE-USD — but with a caveat: the exchange placed the pair in limit-only mode, meaning traders can place and cancel limit orders but cannot execute market orders. It’s a standard precaution for newly listed assets on thin order books, and it reflects both the significance of the listing and the reality that GROVE is still finding its price equilibrium in early trading.

GROVE was added to Coinbase’s listing roadmap on June 23, 2026, with the actual launch dependent on liquidity and technical readiness. About two weeks later, both conditions were met and trading went live.

What Grove Protocol Actually Is

Grove operates as a Star within the Sky Ecosystem — the rebranded evolution of MakerDAO — serving as its institutional credit allocation layer. The protocol routes USDS liquidity into diversified credit strategies through vault-based, non-custodial infrastructure.

The core contributor team — Mark Phillips, Kevin Chan, and Sam Paderewski — bring backgrounds from Deloitte, Hildene Capital Management, BlockTower Capital, and Citibank. The protocol was incubated by Steakhouse Financial, a firm that played a key role in bringing real-world assets into the Sky system.

Grove emerged from stealth with a $1 billion commitment to a tokenized asset strategy, starting with an allocation into the Janus Henderson Anemoy AAA CLO Strategy — a tokenized fund built on Centrifuge specializing in real-world asset tokenization. That opening position in institutional-grade collateralized loan obligations marked a step beyond where most DeFi protocols have gone with real-world assets, which have been primarily limited to tokenized US Treasuries.

The GROVE Token and What It Does

GROVE is the native token of Grove Protocol, deployed on Ethereum as an ERC-20 with a supply of 10 billion tokens. As one of Sky Ecosystem’s first Prime Agents, GROVE plays a central role in governance, allowing community members to influence key protocol decisions.

Sky governance has already passed proposals to initialize GROVE token rewards farms, whitelist Grove’s proxy infrastructure on LitePSM, and add a GROVE token reward distribution schedule — signaling that the broader Sky community is actively integrating GROVE into its incentive architecture rather than treating it as a peripheral addition.

Grove Points went live on May 21, with users able to supply USDS or USDC through Grove Savings on Ethereum to mint sUSDS and accrue points — a pre-token launch engagement mechanism that built an early user base ahead of the Coinbase listing.

The Bigger Picture Within Sky Ecosystem

Sky is undergoing an overhaul called Endgame that breaks the protocol into autonomous units called “Stars,” each responsible for its own governance and innovation. The first such entity was Spark, a yield-earning and borrowing protocol. Grove is now the second major Star to launch, focusing specifically on the institutional credit side of the ecosystem.

Grove will enable Sky to significantly increase the allocable universe of credit assets, particularly tokenized off-chain credit — historically limited to overcollateralized crypto loans, US Treasury bills, and PSM rewards. The hub-and-spoke model allows Grove to operate more flexibly with the autonomy to allocate into higher-yielding credit while adhering to stringent risk and liquidity requirements defined by the Sky Atlas.

The broader Sky Ecosystem currently holds $2.66 billion in total value locked, giving Grove a substantial liquidity base to work with from day one. Whether GROVE can attract meaningful governance participation and establish a stable trading market past the limit-only phase will be the near-term indicator of how the market values its institutional credit infrastructure thesis.

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