OneTo11 Adds Play-To-Earn Dimension to Mobile and fantasy Gaming using blockchain

OneTo11 Adds Play-To-Earn Dimension to Mobile and fantasy Gaming using blockchain

Fantasy sports going online with the help of web and mobile applications has revolutionized the industry over the last 15 years. There has been explosive growth, both in the number of players and simultaneously in the number of platforms for fantasy sports. The global fantasy sports market is expected to reach $38.60 billion in 2025 at a CAGR of 14.7%. On the other hand, Casual Mobile gaming is already running ahead of console and PC gaming combined, almost 57% of the $173bn global video games revenue in 2020. Worth $98bn in the year 2020, the mobile gaming market is predicted to grow up to $272bn by 2030, an astonishing (CAGR) of 11%.

The increasing youth population, better connectivity, and technological innovation are prime factors driving this growth. The global lockdowns acted as a booster shot for gaming as people were stuck at home gaming became the preferred choice for killing time. This amazing rise in the popularity of gaming has led to more experimentation and innovation. The latest advancement comes from OneTo11 - a Noida and Singapore-based firm that has used blockchain technology to facilitate fantasy gaming, mobile gaming, and also RPG games which are all connected with a common integrated wallet.

The biggest USP from OneTo11 is the implementation of the Play-To-Earn model across their entire gaming ecosystem especially in fantasy and mobile gaming. The play-to-earn model simply means that gamers are rewarded in real monetary value for playing the games. The important thing here to notice is that blockchain technology is being used to implement the P2E model ensuring complete transparency and a decentralized economy on the games. In the past, fantasy game publishers have been criticized for using high payout promises as an acquisition tactic and then keeping the number of players, contests, and distribution percentage hidden to make high margins. However, OneTo11 using blockchain technology changes that and brings complete transparency to fantasy gaming. On the other hand, mobile gamers can now earn money by competing against each other or against the program to earn money with clearly defined earnings before starting a game.

The entire effort to decentralize mobile and fantasy gaming is a small part of OneTo11's vision who is building an entire gaming ecosystem that will be completely P2E and feature fantasy gaming, mobile gaming, gamified learning, and RPG games with NFTs. All these games will target different gamer types and serve eclectic gamer demographics providing channels for a large user-base to join the OneTo11 P2E ecosystem.

The introduction of exclusivities like NFT creation and trading has generated millions in income for gamers just in the last 1 year. OneTo11 is the next stage of advancement of the P2E model using blockchain gaming, where players can earn a consistent income by using their time and skills on the game they prefer. The native governance token of OneTo11 namely 1To11 will be providing trading and staking capabilities to gamers at a very low transaction fee and high APY.

The OneTo11 ecosystem also contains an NFT trading marketplace where gamers can trade their NFTs without paying a high custodian fee. The marketplace will also be open for other NFT creators to showcase and sell their assets.

Over the last 1-year OneTo11 ecosystem has already acquired 1 million users and facilitated over 12 million transactions. The team leading the project is composed of 4 young entrepreneurs Ravindra Kumar(CEO), Tirath Sharma(CTO), Manasvi Singh(CMO), and Anirban Chatterjee(COO). All of them have launched and scaled successful projects in the past such as Buddy4Study and OneAd. The team is currently executing its next phase of expansion in Middle Eastern and North American markets to capitalize on increasing demand for P2E games with the launch of new RPG games based on Cricket and Metaverse.