Biconomy’s Meta-Transactions Making DeFi11 Ready for Global Adoption in Fantasy Sports & Betting
Micro transactions have been one of the major reasons obstructing adoption of blockchain technology across diverse sectors. As a result, DeFi 11, an online fantasy sports, NFTs and gaming platform has resolved this problem by their association with Biconomy. In the gaming and betting world, there are lots of speculations and predictions required for a better windfall gain. With that said, users face the pressing issues of either stepping out of the competition due to lack of resources or extravagantly spending gas fees to speculate about the market. This would make the prediction and fantasy sports market a platform for rich speculators and investors.
DeFi 11 has pitched in and collaborated with Biconomy to resolve these pressing challenges.
How has Biconomy acted as a bailout for DeFi 11 mainstream penetration?
Biconomy has been known to transform the Dapp market by making it more inclusive and accessible for the users. The platform has powerful APIs that allow cross-bridge integration and gas optimization makes it an extremely affordable solution for the masses. At the moment, the rising gas fee on the Ethereum Network has turned into a grave situation, obstructing project scalability. With the help of Biconomy, Polygon that allows DeFi 11 to move to layer 2 via Matic/Polygon and Bioconomy’s meta-transactions allow better community participation, DeFi 11 ecosystem has turned more decentralized, scalable and economical for the use by the community.
Biconomy has brought the following advantages to DeFi 11;
- Paying gas fees in favorite ERC 20 tokens
- No dependency on Metamask or other Web 3.0 wallets
- Network agnostic, so there will not be only one blockchain for all
- Faster onboarding and deployment
About DeFi 11
DeFi 11 is a gaming platform that has solved the problem of transparency, accountability and incentivization in the gaming verse by moving everything on-chain on layer 2. DeFi 11 answers all concerns that are prevalent in fantasy sports, gaming and NFT market by;
- Making winner selection randomized, transparent and auditable
- P2P transactions with others in the gaming ecosystem eliminating custodianship of assets
- Better auditing to eliminate frauds and misuse of centralization in gaming
- Community governance to eliminate biased predictions
- Elimination of false reporting
- Decentralized so no shutdown or misuse of data.
About Biconomy
Biconomy is the multi-chain transaction infrastructure for the next-generation Web 3.0 applications. Through Biconomy’s powerful and easy to use APIs, developers can enable a simple and customized user journey so that their end users don’t get frustrated by blockchain complexities. By solving key pain points at the crypto transactional layer, Biconomy is on a mission to bring the familiarity of web 2.0 to simplify Web 3.0 experiences that will drive mass adoption.
Final Thoughts
DeFi 11 and Biconomy collaboration has the potential to make micro-transactions possible which will be essential for those who want to randomize selection by choosing multiple options. With the help of Biconomy, DeFi 11 would be providing freedom of selection to users who wouldn’t have to bother about paying very high gas fees, thus making the platform heavily centralized.
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