Esports stands for “electronic sports” and most commonly refers to any video game title(s) with a competitive professional scene such as CS:GO, League of Legends, DOTA 2, Fortnite, etc.
Similar to fantasy football, fantasy esports is a way for fans to battle each other using teams comprised of their favorite players. The winner is determined by fantasy points accrued by their players’ stats in their professional matches.
Esports One is creating an interactive virtual map that, through the use of crypto tokens and utility-based NFTs, will elevate the experience of online gaming communities, competition, and esports fandom. This virtual map will consist of digital properties, called arenas, for communities of all backgrounds and goals to create, play, and grow.
Dedicated arena owners can upgrade their land to acquire new features, more significant reward allocations, cosmetics, and other bonuses. We will also have game experiences within our metaverses, such as fantasy esports, predictions, game missions, and eventually other gaming/esport titles offered by partners and arena owners.
We have always prided ourselves on our fantasy platform, being “all-in-one” with everything you could want as a gamer or esports fan. Yet, we always ask our team, “What are we missing” or “How do we improve.” With the innovations of Web 3.0, we realized that crypto would also significantly improve the international user experience. Specifically, it comes to claiming prizes and earning rewards due to its instantaneous nature, global usage, and blockchain security. On top of that, we also recognized the importance of ownership of digital rewards/assets for gamers and fans.
Decentralized ownership will play a significant role in the future of gaming. We are working with our community, advisors, and legal team to establish a DAO that gives our community the power to build the metaverse they envision.
We're not just creating another NFT collection. We're not just launching the next DAO. And we're not launching our own token with no utility.
Instead, we're taking each of these pillars of web3 and combining them to form a true metaverse, fully decentralized, from day one.
Our NFTs will be mutable and used to participate in experiences like fantasy esports. They will provide special access to holders.
Our token will incentivize and reward governance participation. It will be a mechanism that can be staked, earned, spent, and redeemed. It will enable true vested interest from holders and investors alike.
Our DAO is the cornerstone of the platform. Enabled through the implementation of guilds, each with its own budgets, members, and initiatives, with the primary goal of creating more value of the token.
Each pillar is a monumental undertaking on its own. But if done methodically and in conjunction with one another, they will be able to support each other and bring to life what will truly be the future of the metaverse.
Distributed Ledger Technology All network participants have access to the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded only once, eliminating the duplication of effort typical of traditional business networks.
Immutable Records No participant can change or tamper with a transaction after being recorded to the shared ledger. If a transaction record includes an error, a new transaction must be added to reverse the error, and both transactions are then visible.