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Why is the eSports Betting Industry Exploding? And How Not to Miss out

Published

4 years ago

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It is impossible to deny the fact that the eSports betting industry is exploding. 

At the end of the last decade, eSports expanded into the mainstream. Once just a niche market, It is now a popular entertainment activity, and in some cases a full time profession around the world.. People are still buying tickets; however the sales are moving from the stadium and arena and to the internet. At one time, eSports could be described as a small piece of sporting culture, but now it has evolved into a complete industry of its own. 

While different analysts have given different figures, they all are recognizing the recent explosive growth. And furthermore, they predict massive growth for most of the current decade. First, we break the numbers down and then let’s cover some of the reasons why this may be.

As of 2020, the global eSports Betting market was valued at 12.67 billion in 2020. The analysts in this same report project a growth of 13.1% per year between now and 2027, resulting in a market sized at $20.73 billion by then. 

Why is eSports Betting Exploding So Fast?

There are a number of reasons this may be, and these relate to trends in society, economics and technology.

  1. The Social Media Age

In a way, eSports is the social media version of sports. So if betting on sports has been popular for ages, why not move into the 21st century? In fact, taking a closer look, eSports has been popular and active for decades; a social media age has helped to unite its participants together.  

Per one account, eSports started with the first official video game competition at Stanford University in 1972. In 1980, Atari held the first video game championship, a Space Invaders tournament. In 1990 and 1994, Nintendo held world championships in California to promote its gaming consoles, the original Nintendo Entertainment System (NES) and Super Nintendo. By the late 1990s, some of the first eSports tournaments had been created. 

Massive advancements in technology have transformed our world, bringing us together virtually one step at a time. Gaming and its competitive version, eSports, has naturally grown its user base alongside that. 

The world wide web reached broad popularity and use around the world by 1995. Google started in 1998, Facebook in 2004 and Twitter in 2006. Apple released the first iPhone in 2007, and gaming legend Twitch popped into view in 2011. All of these simply created more roads for eSports to travel on. The organic fanbase was there all along, and is in the process of being brought to the figurative arena. We appear to still be in the beginning phases of this. 

The youngest generation was born in a world where there were always smartphones and social media. Social gaming and eSports seems so natural. 

  1. Remote Work / Remote Play

Even before COVID-19, the world has been trending more and more towards remote work for years. COVID-19 accelerated this trend years into the future. One study estimates that 22% of Americans will permanently be working from home by 2025.

Along with remote work comes remote play. It is no secret that streaming entertainment services and gaming exploded like never before in 2020. From Netflix to Disney and a dozen other companies, streaming television and movies took over their fields. Gaming and eSports continued to explode. And why not – thanks to technology this can all be done from the comfort and safety of your own home.

  1. The New Decentralized Social Economy

The worldwide economy is emerging with a new decentralized face. 

Investing, trading and participating in markets was once reserved for only the wealthy and the upper middle class. Applications like Robinhood, and cryptocurrencies have given access and experience to financial markets; this is broadly reaching the lower middle and working class for the first time in history. 

Bitcoin, Ethereum, Dogecoin and other cryptocurrencies grew 5X, 10X or even 100X or more since government stimulus checks were distributed in early 2020. This has attracted millions of new investors, traders and participants in the cryptocurrency ecosystem. Another popular element of cryptocurrency is decentralization. 

This social trend of decentralization gives millions hope and the idea that they can make it based on their own skill, no matter their existing situation. This naturally popularizes eSports which has grown with the same trend. 

Capitalizing on Innovation

One player in the eSports world is capitalizing on these trends, as well as the technology of cryptocurrency to create a fun and rewarding gaming experience. OkLetsPlay, is an online eSports platform originally launched in 2017. Thousands of players have competed in private matches or multiplayer tournaments since its launch.

And now the platform is launching their own cryptocurrency. The OkLetsPlay (OKLP) token is a utility token with immediate utility on the gaming platform. It gives gamers on its platform immediate benefits. Those gamers can use the OKLP token to receive rewards such as in-app discounts, lower service fees and other benefits.   

The OKLP token is minted on the Polygon blockchain. This means it has the benefits and utility of Ethereum, with the increased efficiency and security of Polygon. 

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Beyondi and Tokenis3 Collaborate to Transform Asset Tokenization

Published

2 months ago

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March 5, 2025

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Beyondi and Tokenis3 Collaborate to Transform Asset Tokenization

In a bold move to reshape the future of digital assets, Beyondi and Tokenis3 have joined forces to elevate real-world asset (RWA) tokenization to new heights. This strategic collaboration merges Tokenis3’s legal expertise in Regulatorily Enforceable Tokens (RET) with Beyondi’s innovative blockchain solutions, aiming to revolutionize security, compliance, and efficiency in the rapidly evolving digital asset space.

The Future of Digital Asset Innovation

RWA tokenization is not just changing how ownership is managed, it’s addressing some of the most pressing challenges in traditional asset ownership: illiquidity, high costs, and limited accessibility. Through their partnership, Beyondi and Tokenis3 are committed to accelerating these advancements.Central to this mission is Tokenis3’s Tokenization Assessment Report (TAR), a comprehensive evaluation framework that guarantees digital assets meet the most rigorous legal and technological standards. Beyondi strengthens this foundation with secure, scalable, and adaptable blockchain infrastructure designed to empower global businesses and institutions to thrive in the digital age.

Beyondi: Leading Blockchain Innovation Since 2015

Since its inception in 2015, Beyondi has been a spearhead in blockchain and emerging technologies. The company empowers founders, teams, and investors to navigate the complexities of the crypto market with confidence. Offering a wide suite of services, ranging from R&D venture building and advisory to incubation and fundraising, Beyondi seamlessly blends technical excellence with market insight to deliver transformative solutions across industries such as finance, healthcare, government, and entertainment.

Collaboration is at the heart of Beyondi’s approach. Using methodologies like Rapid Application Development (RAD) and Kanban, the team works closely with clients to deliver agile, innovative solutions. With expertise spanning IoT, Hyperledger frameworks, web and mobile development, and team augmentation, Beyondi is uniquely positioned to craft tailored, future-ready blockchain solutions.

Tokenis3: Redefining Secure and Compliant Tokenization

Tokenis3 emerges as a pioneer in digital asset assessment and tokenization, providing the essential trust and security that is lacking in today’s complex digital landscape. Their TAR establishes enforceable legal terms, ensures technological compliance, and prioritizes sustainability, a forward-thinking approach that sets them apart, offering a robust framework for both issuers and token holders. This approach enhances the credibility and security of tokenized assets, fostering trust and long-term engagement.

Shaping the Future of Asset Tokenization

The collaboration between Beyondi and Tokenis3 signals a new era for asset tokenization. By combining their respective strengths, the two companies aim to establish groundbreaking standards for security, transparency, and efficiency in the digital asset ecosystem. This partnership is not just about improving the present, it’s about responsibly shaping how assets are created, managed, and secured as the world moves forward in the digital age.

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Blockchain

Upcoming Layer 1 merging from UAE: Gaya Blockchain

Published

4 months ago

on

January 10, 2025

By

Gaya Blockchain is an upcoming innovative blockchain that unifies gaming, decentralized finance (DeFi), SocialFi, and real-world asset tokenization into a single, user-friendly ecosystem.

Raised 20 million AED from Capstone Technology Group as their lead VC based out of UAE.

Gaya will be powered by its native utility token, GayaCoin, GAYA aims to bridge fragmented digital domains while promoting sustainability, inclusivity, and user empowerment.
– GayaCoin public-sale is mentioned to be released Q1 2025.

GAYA has ambitions to not just please the institutional market as the most advanced Blockchain coming from UAE but also to facilitate a better consumer engagement than EVM for developers and users.

Founding team Abdullah Al-Maksour, Aws Bashir & Sanad Al-Asiri.

Twitter (X): https://x.com/GayaBlockchain
Instagram: https://www.instagram.com/gaya.blockchain?igsh=MTFwY3E2eGxuZzd2dA==
Website: https://www.gayablockchain.io/ 

Key Highlights

  1. Unified Ecosystem: GAYA integrates diverse digital domains like gaming, DeFi, SocialFi, and tokenized real-world assets into a cohesive platform.
  2. Sustainability: The platform pioneers eco-conscious blockchain practices, including carbon tracking and incentivized green initiatives.
  3. Empowering Users: Democratizes access to premium assets and decentralized governance, giving users control over the platform’s future.
  4. Strategic Regional Leadership: As the first Layer 1 blockchain in the UAE, GAYA is uniquely positioned to bridge local and global blockchain adoption.

Vision and Mission

GAYA envisions a blockchain future driven by sustainability, inclusivity, and user empowerment. Its mission includes:

  • Unifying Digital Ecosystems: Bringing together gaming, DeFi, SocialFi, and tokenized real-world assets on one accessible platform.
  • Promoting Sustainability: Adopting eco-friendly blockchain practices, including low-energy protocols and incentives for green initiatives.
  • Empowering Users: Ensuring decentralized governance and broad access to premium digital tools.

Ecosystem Overview

GAYA operates on a scalable Layer 1 blockchain and supports decentralized applications (dApps) powered by GayaCoin. Key components include:

1. Play-to-Earn Gaming

  • Players earn GayaCoin and NFTs, which can be traded, staked, or reinvested within the ecosystem.
  • Combines engaging gameplay with tangible financial rewards.

2. DeFi Platform

  • Offers staking, lending, and borrowing services focused on sustainability.
  • Prioritizes green investment opportunities.

3. SocialFi Integration

  • Rewards content creators via decentralized revenue-sharing models.
  • Features innovative governance structures to empower users.

4. Real-World Asset Tokenization

  • Enables fractional ownership of tangible assets like renewable energy projects.
  • Facilitates eco-conscious investments, making sustainable assets more accessible.

Strategic Positioning

As the UAE’s first Layer 1 blockchain, GAYA integrates culturally relevant and energy-efficient solutions to drive adoption both locally and globally. The platform’s unique positioning allows it to:

  • Lead Sustainability: Through low-energy protocols and eco-incentives, GAYA minimizes its environmental impact.
  • Empower Users: Fosters inclusivity with decentralized governance, enabling users to shape the platform.
  • Support Developers: Provides robust tools like SDKs, APIs, and a Testnet, coupled with incentives such as grants and bug bounties.

Core Features of GAYA

GAYA’s unique infrastructure is designed to tackle major blockchain challenges like scalability, sustainability, interoperability, and governance. Below are its standout features:

1. Layer 1 Blockchain

  • Proof-of-Stake (PoS) consensus mechanism eliminates energy-intensive mining.
  • High Throughput: Processes thousands of transactions per second (TPS) with minimal latency.
  • Security and Decentralization: Ensures robust network integrity without intermediary chains.

2. Eco-Conscious Design

  • Carbon Tracking: Records the carbon impact of transactions, promoting eco-conscious usage.
  • Sustainability Incentives: Rewards users who support green initiatives.
  • Energy Efficiency: PoS minimizes energy consumption while maintaining security.

3. Interoperability via Gaya Virtual Machine (GVM)

  • Ethereum Compatibility: Fully supports Ethereum Virtual Machine (EVM), enabling seamless migration of Ethereum-based dApps.
  • Enhanced Collaboration: Promotes interoperability between GAYA and Ethereum ecosystems.
  • Scalability: Built to handle large-scale dApps with consistent performance.

Key Milestones and Future Outlook

  • Funding Success: GAYA has raised over 20 million AED from Capstone Technology Group, a leading UAE-based venture capital firm.
  • Token Generation Event (TGE): Scheduled for Q1 2025, the launch of the $GAYA token marks a significant step forward.
  • Leadership Team: The platform is led by Abdullah Al-Maksour, Aws Bashir, and Sanad Al-Asiri, all UAE residents with a vision to shape the blockchain landscape.


Why GAYA Stands Out

  1. Sustainability Focus: By embedding green practices and rewards, GAYA aligns with global sustainability goals.
  2. User-Centric Approach: Decentralized governance ensures users have a say in the platform’s evolution.
  3. Innovative Technology: GVM’s compatibility and high-performance features enable seamless dApp integration.
  4. Regional and Global Impact: As the UAE’s pioneering Layer 1 blockchain, GAYA bridges the gap between regional innovation and global adoption.

Conclusion

GAYA represents a paradigm shift in blockchain technology by seamlessly blending gaming, DeFi, SocialFi, and real-world asset tokenization. Its commitment to sustainability, inclusivity, and user empowerment makes it a standout platform in the blockchain space. With a robust infrastructure, eco-conscious design, and a forward-thinking team, GAYA is poised to redefine how digital ecosystems operate, both in the UAE and beyond.Stay tuned for the GayaCoin TGE launch in Q1 2025.

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Blockchain

SwapSpace app review: seamless crypto exchanges anytime, anywhere

Published

4 months ago

on

December 23, 2024

By

Cryptocurrency swaps have traditionally been riddled with challenges: complex processes, hidden fees, and the hassle of comparing rates across multiple platforms. SwapSpace revolutionized this landscape as a crypto exchange aggregator, offering a user-friendly solution to streamline swaps. Now, with the launch of its mobile app, SwapSpace takes convenience to a whole new level.

What is the SwapSpace Mobile App?
The SwapSpace mobile app brings the platform’s celebrated features to your fingertips. Acting as a one-stop solution for crypto swapping, the app allows users to compare rates from over 30 trusted exchange partners and access 2,700+ coins—all with zero extra fees.

You can connect your wallet when logging into the app and enjoy the benefits of the Invaders Loyalty program, collecting diamonds and using them to upgrade your invader for higher cashback levels. 

How It Works
Swapping crypto on the SwapSpace app is as easy as 1-2-3:

  1. Select the cryptocurrencies you want to exchange.
  2. Compare offers from multiple providers and pick the best rate.

  3. Enter your wallet address, the one you’ll use to receive your crypto, and confirm the transaction. You will be given an address to send your crypto to and plenty of time to send the coins to it.

  4. You can now expect the incoming transaction with your crypto in your wallet. The app will keep you updated on the status of your swap via push notifications.

In just a few taps, your crypto is swapped and sent directly to your wallet. 

Key Features

  • Rate Comparison: The app aggregates real-time rates from top exchanges like Binance and Bybit to ensure you always get the best deal.
  • Cross-Chain Swaps: Bridge assets across 95 blockchains effortlessly.
  • Ease of Use: The intuitive interface makes it accessible to beginners while offering the flexibility advanced users need.
  • NFT-based Loyalty Program: Earn up to 50% cashback on revenue share by upgrading your Invader NFT by spending Diamonds. Earn double Diamond rewards by performing swaps exclusively in-app.
  • Extra Rewards: To commemorate the launch of the mobile application, every 100th swap done through the app will reward the user who did it with a prize of $100 in USDT.

Why Choose SwapSpace Mobile App?
The app is perfect for traders, investors, and crypto enthusiasts alike:

  • For Traders: Save time and money by comparing rates instantly.
  • For Beginners: A simple, no-sign-up platform to start your crypto journey. Discover new meme coins as soon as they appear on trading platforms.
  • For Privacy Advocates: Registration-free swaps for maximum security.
  • For Altcoin Investors: Access niche coins and trending tokens quickly, bridge your assets across 95 chains.


The SwapSpace mobile app is a must-have tool for anyone looking to trade crypto securely, quickly, and cost-effectively. With its robust features, transparent processes, and commitment to user convenience, the app is set to become an essential companion for every crypto enthusiast.

Try the SwapSpace mobile app today and experience a better way to swap crypto. Download now, directly on the SwapSpace website. Available for Android now, with Google Play Store and Apple App Store versions coming in 2025.

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