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

Team Bitcoin Daily

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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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For more information, view our whitepaper and social media channels:

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$PRICK is the new PEPE: get a 75% token bonus ahead of the listing on OKX

Crypto Chain Wire

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$PRICK on Solana already has a community of 1 million users, an NFT collection with a 75% cashback for holders, and a Telegram game with a 200 SOL monthly prize pool. With several major CEX listings coming starting from July 22, $PRICK is ready for a fast expansion.

The incredible rise of $PRICK: from a meme to an ecosystem with NFTs and a clicker game

$PRICK stands for Pickle Rick, and it’s one of the most talked about memecoin ecosystems on Solana. What started as a fun meme quickly became an ambitious project boosted by its passionate community of almost 1 million users, including 240 thousand on X (Twitter) and 740 thousand on Telegram. 

So successful is $PRICK that at least three major exchanges have already agreed or tentatively agreed to list it, including OKX, BingX, Bybit, and BitGet.

What is it about $PRICK that makes users pick it over hundreds of other memecoins on Solana? There are multiple factors, including fair token distribution; very good price performance; a game with large prizes in SOL and $PRICK; and NFTs that make holders eligible for a raffle and a 75% cashback.

Robust and fair tokenomics

  • The team has burned all the initial LP tokens, then renounced contract ownership;
  • 10% of the circulating supply was purchased in the open market and locked to finance CEX listings, community airdrop, and token burns;
  • There is no tax on buying, selling, or sending $PRICK;
  • The rest of the 1 billion $PRICK supply is released smoothly at the rate of 1% a month. 

Positive price dynamics and potential

Since its DEX launch at the end of May, $PRICK has never gone below the initial listing price – something that very few Solana memecoins can boast of. At the same time, the price currently sits 70% below the ATH, creating an interesting opportunity for buyers ahead of the scheduled listings on OKS, Bybit, and BingX. 

Telegram clicker game

$PRICK is one of the first memecoins to launch its own Telegram clicker game, inspired by the success of Hamster Kombat and Notcoin. As players earn points and complete tasks, they climb the leaderboard and compete for a share of the monthly 200 SOL prize pool and large bonuses in $PRICK. 

Mint one of the 101 NFTs to get 75% back in $PRICK and a ticket for the 1,000 SOL raffle

Pickle Rick’s exclusive NFT collection was launched on July 15 and features only 101 NFTs, each with a unique hand-drawn design of the title character, Pickle Rick. The main advantage of holding a Pickle Rick NFT is a massive 75% cashback in $PRICK that each holder will receive once the token is listed on OKX or Bybit on July 22. 

 Moreover, upon the listing on Bybit, the project will hold a raffle for all its NFT holders with a prize pool of 1,000 SOL. 

The cashback is calculated as 75% of the mint price of 12 SOL, translated into $PRICK at the exchange rate on July 22 (the listing day). As of the time of writing, part of the collection is still available to mint, but users should act quickly so as not to miss this opportunity. 

OKX and other major CEX listings coming soon – and where to buy $PRICK right now

The team of $PRICK has successfully negotiated with several large crypto exchanges to list the token. The series of listings is scheduled to start on July 22 with OKX, followed by $PRICK launch on BingX, Bybit, and BitGet. 

The news of each new listing can cause a significant surge of the $PRICK price. Ahead of the listings on these major platforms, users can already buy $PRICK on the following exchanges:

Raydium (Solana): $PRICK/SOL, contract address 6zoshtkmyX4kRFg3p152yV2bPssxeYdNvW3c6EVCE4UP

MEXC: $PRICK/USDT

In less than two months, Pickle Rick ($PRICK) has built one of the most active meme ecosystems on Solana, with hundreds of thousands of loyal followers, a generous system of incentives, NFTs, and even a game. This is just the beginning, however, as the team promises even more bullish news in the coming weeks. 

Follow $PRICK on social media

Official website

X (Twitter)

Telegram

DexScreener

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Blockchain

4 Low-Cap Meme Coins to Watch for 2024

Team Bitcoin Daily

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Traditionally, meme coin season follows a surge in Bitcoin (BTC) prices, followed by Ethereum (ETH) and large-cap altcoins like Solana (SOL) and Avalanche (AVAX). This year, meme coins are garnering more attention than ever. Leading the pack are Dogecoin (DOGE) and Shiba Inu (SHIB), along with newer contenders like Bonk Inu (BONK), Wifi Coin (WIF), and Pepe Coin (PEPE). With potential factors like interest rate cuts and the US presidential election in the latter half of the year, Bitcoin and Ethereum could see significant gains, possibly ushering in a new meme coin season. Early investments in undervalued meme coins could yield substantial profits. Here are five promising low-cap meme coins to watch:

1. Dogecoin20 (DOGE20): The Cleaner, Greener Doge

  • Following a successful presale, Dogecoin20 (DOGE20) has surged 50% since launch and listed on decentralized exchanges (DEXs) earlier than expected. Built on the Ethereum blockchain (ERC-20), DOGE20 offers faster transaction speeds, lower fees, and an energy-efficient Proof-of-Stake (PoS) mechanism. DOGE20 also integrates staking rewards, encouraging long-term investment. With Bitcoin’s halving expected to limit supply and increase demand, and Doge Day adding cultural significance, DOGE20 is well-positioned for potential gains. As of July 9, 2024, It’s market cap stands at $2.2 million

2. KittyInu (KITTY):

  • Blockchain: Ethereum
  • Features: KittyInu is a meme coin with a cute cat theme, enjoying strong community support. The project engages in charitable activities, building a positive image, and expands its user base through various marketing campaigns. Recent upward trends have attracted more investor interest.
  • Potential: KittyInu’s focus on charity and marketing, combined with strong community backing, positions it for significant growth. As of July 9, 2024, It’s market cap stands at $1.9 million

3. Slothana (SLOTH): A Sleepy Success Story on Solana

  • Launched in April 2024, Slothana ($SLOTH) quickly gained attention in the Solana meme coin market. Utilizing Solana’s fast transaction speeds and low fees, Slothana has attracted developers and investors. The limited presale window, ending on April 29th, and endorsements from notable crypto figures like ClayBro have further fueled interest. As of July 9, 2024, Slothana’s market cap stands at $13 million, highlighting its growth potential.

4. Pigcoin (PIG): Leading Meme Coin on Polygon

  • Pigcoin (PIG) is the leading meme coin on the Polygon chain, boasting over 500,000 holders and ranking first on the chain by holder count. Launched in December last year, Pigcoin is listed on Mexc and Gate.io, with plans for additional listings. With a total supply of 3 trillion coins and 96% currently in circulation, Pigcoin’s market cap is only $4 million, indicating its undervaluation and potential for up to 100x gains. Pigcoin’s strong community and active listing efforts enhance its growth prospects.

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SAFLE identity wallet unveils roadmap and raises funds at  a $77M valuation

Team Bitcoin Daily

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Identity wallet project SAFLE has undergone a major overhaul under the leadership of Apoorv Shankar and noted blockchain expert Shikha Mehra. With a valuation of $77 million, the Web3 startup is planning new AI and cross-chain features and gearing up for $SAFLE listings on leading exchanges in July 2024. 

The exit of the previous management under Abhimanyu Kashyap has paved the way for a new leadership, bringing with it a restructured cap table and a vision for an exciting chapter in SAFLE’s journey.

SAFLE is back in action and going from strength to strength in 2024

SAFLE, a self-sovereign identity protocol and non-custodial wallet, first gained prominence in 2021 when it raised at an average valuation of $35 Million USD from leading VC funds like Draper Dragon, Woodstock, GSR, CryptoOasis, and Mapleblock, as well as angel investors like Polygon’s founder Sandeep Nailwal, former EU Parliament member Tony G and many more. The protocol’s multichain identity wallet and SafleID allow users to manage assets on 10+ blockchains through a single human-readable username.

In 2024, SAFLE successfully secured additional private funding from investors based in the Republic of Ireland through equity and token sales, achieving a combined valuation of $77 million USD. This financial backing will accelerate SAFLE’s expansion plans, including multiple listings on centralised exchanges. SAFLE’s journey has been marked by resilience in the face of challenges that could have derailed even the most ambitious projects. The fact that the company is now thriving and its market valuation is constantly growing is a testament to SAFLE’s ability to adapt to the constantly changing Web3 environment.

Apoorv Shankar, who now leads Technology and Product Vision at SAFLE, has been building cutting-edge products across IoT, AI, and Blockchain since 2013, demonstrating exceptional expertise in the convergence of technology and finance. Shankar has been joined by Shikha Mehra, head of a well-known Web3 consulting firm, who now presides over the Strategy and Governance arm at SAFLE. 

Shikha Mehra’s expertise has been sought by entities as varied as the OECD, the UK Government (F&CO), ECB, and Indian Chamber of Commerce (ICC). She  assisted the  European Economic & Social Committee in drafting MiCA, as well as helped St Lucia in the Caribbean to plan new crypto-friendly legislation.

SAFLE product roadmap is set to transform Web3 experience

In the past few months, SAFLE has expanded its in-house development team with top-tier specialists in blockchain technology, AI, and cross-chain integrations. They will work on delivering new cutting-edge features, including:

  • AI: Artificial Intelligence will be used to enable account abstraction, transaction execution, and data analysis;
  • SSI (onchain identity);
  • Seamless pseudonymous onboarding;
  • New chain integrations, with a focus on Bitcoin’s emerging L2 ecosystem;
  • Enhanced DeFi support, including a web portfolio viewer, unified portal for connecting to dApps, as well as in-wallet access;
  • Cross-chain features, including swaps, bridging and transactions;
  • UX improvements, such as advanced recovery options and a Wallet Connect integration;
  • Intent-based architecture: a new approach to Web3 transactions, where the SAFLE app automatically determines the best execution path to fulfil the user’s intent, rather than prompting the user to specify all the parameters. 

A Vision for the Future

The new Strategy & Governance Head Shikha Mehra says, “I admire the team of SAFLE for their resilience in the times of crisis. Even in the depth of the bear market, they have maintained a clear vision of what they wanted to bring to Web3: the best self-sovereign cross-chain identity solution out there. ‘Keep building’ may be a common blockchain trope, but it fully applies to SAFLE – and I am really proud and excited to be leading the team on the next stage of this journey.”

The next major step in the new roadmap is the listing of $SAFLE on leading centralized exchanges, scheduled for July. These will be accompanied by a host of new partnerships. 

Stay up-to-date with listing announcements and $SAFLE development news via X (Twitter), as well as the official website.

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