Press release. DeFi11 is a decentralized gaming ecosystem that is introducing major changes to transform the platform and make it fairer to users, as part of an expansion driven by recent funding.

June 17, 2021, New Delhi, India – In recent years, fantasy sports have become very popular.Market is expected It will increase by 7% by 2024. However, the lack of regulation allows companies to take advantage of users. Many fantasy sports and virtual gaming platforms have been accused of publishing false numbers, creating false winners and misusing user data. DeFi11 It aims to stop these unfair practices and provide users with a safe platform. With the support of the blockchain, DeFi11 eliminates centralization and maintains user privacy. In addition, DeFi11 will use non-fungible tokens (NFT) to tokenize game assets, allowing users to access functions such as liquidity pools, smart contracts based on predictions, and mortgages.

DeFi11 is known as the world’s first fully decentralized game ecosystem driven by DeFi, and it is introducing changes to better gamify its platform. The DeFi11 team recently Announce Work with Polygon (formerly Matic) to integrate its layer 2 solution with the new protocol. The new smart contract-driven protocol aims to improve the scalability and security of the platform. Some of the core benefits that smart contracts will provide include data abuse checks and prevention of financial fraud. The creation of virtual winners-a common fraud in fantasy games-can also be restricted using smart contracts.

NFT and decentralization

Although NFT games have always been Main features of DeFi11, It has now decided to fully integrate NFT into its gaming ecosystem. The tokenization of game assets means that NFTs can be collected and traded for the first time in the game. The introduction of NFT will also help create real-time 3D experiences in games.

In addition, DeFi11 is developing revolutionary P2P interactive functions, which will lead the prediction market. Deployed in phases, the P2P interaction function will run completely autonomously, without third-party intervention. In order to further decentralize the game ecosystem, DeFi11 is trying to open source the code of all platforms.

Recent development

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in order to DeFi11, Quite a lot of things in recent months.The company is Silver sponsor The 6th Global DeFi Conference held in Dubai in February this year. May, DeFi11 Announce Work hand in hand with TDeFi, which is a well-known brand in the world of NFT and DeFi, and has helped many startups over the years. Through this cooperation, DeFi11 aims to further expand its NFT space. DeFi11 also Announce Cooperate with the multi-chain transaction infrastructure Biconomy to solve the problem of micro-transactions in the game. Finally, DeFi 11’s recent round of financing only raised $3.5 million, and these resources will be used to support the further development of its unique game platform.

Upcoming announcement

In fact, in the next few months, DeFi11 will make a series of major announcements and launch a number of new features. This includes the second round of fundraising, followed by an event aimed at promoting its upcoming IDO. A comprehensive revision of the company’s website is also in progress, which includes more details and features. DeFi11 also announced the successful launch of its beta application on June 1.

Furthermore, after the launch of the DeFi 11 plan, IDO pledged, the recommendation and bounty hunting program was launched, and several partnerships aimed at expanding the platform’s user base were announced. All of this is before the announcement of the first IDO in the history of the platform, the details of which will be announced later this year.

About DeFi11

DeFi11 It is a decentralized game ecosystem, mainly centered on fantasy sports and NFT games. It is supported by DeFi or decentralized finance, which is an umbrella for financial applications that utilize blockchain. As the first encrypted fantasy game ecosystem of its kind, DeFi11 is committed to solving the transparency, accountability and security issues that often plague the fantasy sports world.

DeFi11 provides its users with complete transparency and anonymity. It believes in the complete decentralization of the platform-including P2P transactions that do not involve houses. By randomly selecting winners and community governance, the platform is trying to eliminate prejudice and fraud.

For more information about DeFi11, please visit their website.

Follow DeFi11 Twitter.

Stay up to date with DeFi11 Blog.

Join the Telegram discussion on DeFi11 community (Can also be used for North Korea, Indonesia with Vietnam).

Read the DeFi11 white paper Here.

DEFI11 Is the source of this content. This press release is for reference only. This information does not constitute investment advice or investment offers.

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