THELOGICALINDIAN - PRESS RELEASE DeFi11 a decentralized gaming ecosystem is introducing above changes to both adapt the belvedere and accomplish it fairer to users as allotment of an amplification fuelled by contempo funding
17th June 2021, New Delhi, India – Fantasy sports accept acquired massive acceptance in contempo years. The bazaar is expected to abound by 7% by 2024. However, a abridgement of adjustment has accustomed companies to accomplishment users. Many fantasy sports and basic gaming platforms accept been accused of publishing apocryphal volumes, creating affected winners, and misusing user data. DeFi11 was created to stop these arbitrary practices, accouterment a safe belvedere for the users. Powered by blockchain, DeFi11 eliminates absorption and maintains user privacy. In addition, DeFi11 will tokenize gaming assets application non-fungible tokens (NFTs), acceptance users to admission appearance like clamminess pools, prediction-based acute contracts, and staking.
Touted as the aboriginal DeFi-powered absolutely decentralized gaming ecosystem in the world, DeFi11 is introducing changes for bigger gamification of its platform. DeFi11’s aggregation afresh announced a accord with Polygon (formerly Matic) to accommodate its band 2 band-aid with a new protocol. The new acute contract-powered agreement aims to advance the scalability and aegis of the platform. Some of the amount allowances that acute affairs would action accommodate abstracts corruption checks and the blockage of banking fraud. The conception of copy winners – a counterfeit convenance accepted amid fantasy amateur – can additionally be belted application acute contracts.
NFT and Decentralization
While NFT-gaming was consistently a prime feature of DeFi11, it has now absitively to absolutely accommodate NFTs into its gaming ecosystem. The tokenization of gaming assets agency that NFTs can be calm and traded aural the bold for the aboriginal time. The addition of NFTs will additionally advice to actualize a alive 3D acquaintance in the game.
Moreover, DeFi11 is developing a advocate P2P alternation affection that will avant-garde the anticipation market. Set to arrange in phases, the P2P alternation affection will be absolutely self-functioning after the charge for any action from a third party. In its bid to added decentralize the gaming ecosystem, DeFi11 is aggravating to accessible antecedent all the platform’s code.
Recent Developments
For DeFi11, the contempo months accept been absolutely eventful. The aggregation was the silver sponsor of the 6th Global DeFi Congress that was captivated in Dubai in February this year. In May, DeFi11 announced abutting easily with TDeFi, a arresting name in the NFT and DeFi apple that has helped abounding startups over the years. Through this collaboration, DeFi11 aims to added aggrandize its NFT space. DeFi11 additionally announced partnering with Biconomy, a multi-chain transaction infrastructure, to break the affair of micro-transactions aural the game. Finally, DeFi 11’s best contempo allotment annular managed to accession aloof $3.5 million, assets which it will use to abutment added development of its different gaming platform.
Upcoming Announcements
Indeed, over the abutting few months, DeFi11 will be authoritative a cardinal of above announcements and rolling out several new features. This includes a additional fundraising round, followed by a attack geared appear announcement its accessible IDO. A complete check of the aggregation website, with added capacity and features, is additionally in the works. DeFi11 additionally appear the acknowledged barrage of its beta app on June 1.
Further bottomward the timeline, DeFi 11 affairs to barrage post-IDO staking, alpha a barometer and compensation hunting program, and advertise several partnerships all aimed at advocacy the platform’s userbase. All announce the advertisement of the platform’s first-ever IDO, the capacity of which will be appear after this year.
About DeFi11
DeFi11 is a decentralized gaming ecosystem primarily centered about fantasy sports and NFT gaming. It is powered by DeFi or decentralized finance, an awning of banking applications that advance blockchain. As the aboriginal crypto-fantasy gaming ecosystem of its kind, DeFi11 strives to break the issues of transparency, accountability, and aegis that generally affliction the apple of fantasy sports.
DeFi11 offers complete accuracy and anonymity to its users. It believes in complete decentralization of the belvedere – including P2P affairs after involving the house. Through randomized champ alternative and association governance, the belvedere is attempting to annihilate bent and fraud.
For added advice about the DeFi11, appointment their website.
Follow DeFi11 on Twitter.
Stay abreast via DeFi11’s blog.
Join the altercation on DeFi11’s Telegram community (also accessible for Korea, Indonesia and Vietnam).
Read the DeFi11 Whitepaper here.
DEFI11 is the antecedent of this content. This Press Release is for advisory purposes only. The admonition does not aggregate advance admonition or an action to invest.
This is a columnist release. Readers should do their own due activity afore demography any accomplishments accompanying to the answer aggregation or any of its affiliates or services. Bitcoin.com is not responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in the columnist release.
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