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The World’s First Ethereum-based eSports Platform Launched
The eSports industry has posted a 41% year-on-year market growth, according to the 2017 Newzoo annual report, making it hard to ignore. Similarly, you would be hard-pressed to find a major industry that Blockchain technology isn’t disrupting. In that light, World of Battles represents the ideal merger between the emerging industries of Blockchain and eSports.
Traditional eSports streaming platforms are rampant with bugs and errors. They come with many shortcomings ranging from streaming interruptions to long waiting periods for processing the betting transactions. Taking advantage of Blockchain technology, World of Battles (WOB)presents innovative solutions that not only provide for enhanced streaming and gaming, but also mitigate the operational risks associated with placing bets. WOB also presents bullet-proof mechanisms for eliminating fraudulent behavior as well as cheating and abuse of its system.
The rundown on WOB
WOB is a decentralized, autonomous Ethereum-based eSports platform that provides an enhanced gaming experience. Utilizing smart contracts, the platform functions independently of third party financial institutions, thus eliminating one major burden. One of its biggest advantages is being publicly verifiable, resulting in increased security through features that significantly reduce the probability of fraud, hacking and embezzlement. Among other things, the platform enables users to place bets and create tournaments.
With more than 450,000 players already registered and projections forecasting the potential for multi-billion dollars in annual earnings, World of Battles’s ambitious development team aims to take hold of 50% market share by September of 2019.
Established partnership
The highly experienced development team has already worked on projects like GNOME, OpenVZ and FreeBSD. WOB is also partnered with Civic and one of the biggest livestreaming gaming platforms Twitch. They offer paid opportunities for partner platforms and payments for additional solutions. Any interaction with their partners is by open API. They also have direct direct and personal contact with managers from partner companies.The following is a summary of how they may be able to achieve that.
Giving gamers what they want
In addition to being able to participate in tournaments, online players want to be able to place bets. According to a recent market research report by Eilers on eSports, gambling is set to surpass $23 blln by 2020. Undeniably, demand for betting on online gaming is through the roof. While the risks associated with placing bets are numerous, they are minimized by integrating Blockchain technology. WOB is built to cater to users’ wagering needs and provides facilitated, fast and secure channels for betting.
WOB has a tournament creation feature which allows users to initiate tournaments between either individuals or teams. The platform hosts large prepared matches complete with standings, the possibility for free-to-play and potential to make tournaments into charitable events. Relying on the Ethereum-Blockchain, the platform will provide uninterrupted and smooth streaming. WOB will also and will eliminate errors that currently exist on traditional platforms which have a high risk of breaking down and disrupting streams.
Security
WOB draws on the characteristics of the Blockchain to ensure safe and verifiable transactions to process bets and distribute rewards. Distributed Ledger Technology (DLT) is well known for countering centralized financial service providers by allowing secure and fast value transfer. Additionally, WOB mitigates fraudulent behavior and prevents any one user from opening multiple accounts — which could be abused to monopolize WOB tokens or to receive more than one jury membership — by requiring ID and contact information as well as enacting a two-factor identification method.
Match outcome determination
eSports betting is a high-stakes endeavor that is becoming increasingly popular. This makes it ripe for manipulation and fraud. WOB stands out among its peers because it utilizes its decentralized infrastructure to verify match results, ensuring transparency and impartiality. At the core of the platform is an automated decentralized proxy server, called the MULTIWOB, which processes matches and rewards. In addition to curating contests and acting as an interface to process contests and rewards, this software powers the platform’s match outcome verification mechanism.
In a nutshell, this mechanism allows any player to contest the results of their match if they do not agree with it. It involves randomly selected witnesses and jurors weighing in on the result and potentially changing it. Any WOB token holder can register to be a witness or juror so long as they run the MULTIWOB software and they meet certain criteria. To be a witness or a juror, one must be a WOB token holder and register by making a transaction using a smart contract. Two witnesses are randomly selected and their input is registered on the Blockchain, checked by the MULTIWOB software and made publicly available. After this process, the platform honors the result by giving the rightful winner their reward. Witnesses and jurors are also rewarded for their participation.
The weight of a juror’s input is directly proportional to the amount of WOB tokes they own. However, to curb abuse of this role and ensure fairness, the maximum weight on a result is 1%. In this way, members are not discouraged from owning more WOB tokens but are prohibited from swaying results.
The platform utilizes a dynamic compensation mechanism to ensure scalability. The platform mimics the surge pricing mechanism used by ride-sharing applications, by increasing compensation to jurors based on the number of matches and its ratio to the number of witnesses and jury members.
User reputation and global ranking systems
Another measure to mitigate risk of abuse and increase protection is the proposed User Reputation System. Players build their reputation through positive activity on the site, whether in playing or betting. Their ranking on this system determines their privileges, which range from subscriptions to participating in professional tournaments. The MMR-based platform mapping mechanism prioritizes players with a higher reputation rating. The platform sets minimum reputation thresholds and players with higher ranking reputations can play at higher levels and place larger bets.
The global ranking system helps to entice players, heighten competition and reward skill. Higher ranking veterans can even give lessons or mentor rookie players.
ICO and investments
A large initial investment by the project’s founder was made in 2016 and alpha testing was closed earlier this year. WOB seems like a solid project with real potential. The ICO opens tomorrow October 17th and lasts through mid-November for a total of four weeks. One ETH will buy 1900 WOB tokens in the first week and 1000 WOB tokens by the fourth. During the first hour of ICO the bonus is set at 100% and the team has plans to finish ICO within one hour.
January 5, London, UK: Babe Casino and BetConstruct partnered up to deliver one of the most dynamic gaming platforms. The online casino is considered highly attractive to players who have an appreciation for a quality gaming experience enhanced by transparency and 100% safety.
The Babe Casino and BetConstruct collaboration shines a welcoming new light on the age old world of online gaming, by adopting a feminine touch that is rarely available in the industry.
Being in league with one of the world’s leading providers of betting and gaming solutions allows all gaming enthusiasts access to unmatched VIP bonuses, top casino games, jaw dropping welcome bonuses and more! In its first year, Babe Casino is nominated for the Best New Casino award at AskGamblers Awards 2018.
Enhanced through BetConstruct, users can visibly witness newfound qualities that provide a unique environment, offering players entertainment and interactive game time that is unbeatable. For players seeking an attentive gaming experience, the casino games are suitably designed for gaming on the go or via PC, making it a popular attraction 24/7. Loyal players are treated to exclusive deals that are alluring to those who enjoy participating in extraordinary bonus deals, industry leading games and free game time. All transactions are protected as Babe Casino and BetConstruct have created a transparently safe and secure infrastructure to assure the privacy of all members.
BetConstruct and Babe Casino strive to enhance the gaming experiences by not only delivering high quality gaming standards, but by also implementing them and keeping existing members pleasantly rewarded through exciting new phases of development for the duration of membership. There’s a load of excitement yet to roll out at this classy, feminine casino, led by the top iGaming entrepreneurs.
About BetConstruct
BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centres in 15 countries.
BetConstruct’s innovative and proven offerings include an extensive range of market-leading products and services, including Sportsbook, eSports, Sports Data Solutions, Retail Betting Shop Solutions, RNG Casino Suite, Live Dealer Casino and VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more.
The multinational iGaming and Sports betting technology partner BtoBet has reshaped its internal structure becoming a larger group today, embracing 2 companies, ITS (I-Trading solution) and IGS (I-Gaming Solutions) that allow the launch of 2 new divisions: BtoBet Sports and BtoBet Games.
ITS is specialized in risk management and trading while IGS is an experienced Games aggregator.
All operating under the same roof and adopting the same foremost technology.
With the new structure, BtoBet offers an even more comprehensive suite of products; Sportsbook platform and services for bookmakers and IGaming Platform and services devoted to the gaming industry.
Commenting on the BtoBet Sports division, BtoBet’s chairman Alessandro Fried stated:
“BtoBet Sports is focused on bookmakers’ needs and sportsbook players’ preferences. A dedicated team ensures the sports-betting brand provides the ultimate betting experience to the bettors. Based on BtoBet’s sports platform Neuron Sport, BtoBet Sports provides a highly customizable frontend for each operator, giving all the tools needed for risk management across all pre-match, live betting and virtual Jackpot betting products.”
About the BtoBet Games division, Fried highlighted:
“This new department is aimed at providing the perfect set of products and services needed for today’s iGaming business. A pull of skilled and dedicated experts assists and satisfies any of operator’s iGaming needs and requirements. The Neuron Casino omnichannel platform, based on Artificial Intelligence technology ensures tailored offers to maximize the effort of delivering the perfect Games offer.”
To conclude, Alessandro Fried announced:
“BtoBet’s new structure offers a bigger trusted team always available to support our Clients in their technical needs by providing advice when needed, flexibility to expand their business and a range of clear and simple products and services. We are able to allow the operators to manage their business autonomously, setting up their own strategies, all without the handicap of technology constraints or the limits of engaging fully-managed platforms. In addition, Btobet is able to supply them all the necessary services to make their own product and offer unique” and concluded “We are proud to present the new BtoBet Group at ICE, stand S1-320.”
About BtoBet
BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, finance, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained in these advanced environments, allows BtoBet to be visionary in the iGaming and Sports betting industry with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. BtoBet has technical branches with large ever-growing teams of developers in Skopje, Ohrid, Bitola, Belgrade, Nish, Tirana, and Rome. Malta hosts the commercial and marketing centre. Visit our site on: www.btobet.com
NSoft’s VIP client and market leader from Bosnia and Herzegovina Premier Kladionica has enriched its website offer with Lucky Six and Greyhound Races. The games were released on Seven Platform web channel being the first step of complete transition to the new platform.
Lucky Six and Greyhound Races are known as the best performers on the local virtual games market. Premier decided to go with the Seven web channel after excellent results being achieved by the aforementioned games on their retail channel.
The games are available in the area of the Republic of Srpska, Bosnia and Herzegovina.
NSoft and Premier Kladionica will continue their cooperation and integration of other virtual games using Seven Platform.
Having that in mind NSoft is continuing the expansion on targeted markets and preparing to reveal the novelties at ICE Totally Gaming Show in London on February 4-6, 2018.
In order to learn more about the NSoft’s upcoming projects book a meeting with our sales team following this link: https://goo.gl/xbjTCW.
ABOUT NSOFT
NSoft provides top quality software solutions for gaming and betting industry, including platform, virtual games, sportsbook, and lotteries.
Our unique approach to customers and creative software solutions positioned us as one of the top providers of innovative products for gaming industry. A combination of great products, great people, and great culture played a key role in our growth. We understand that strong and long-term partnerships are essential for further development, so we joined forces with world’s leading sport data provider – Sportradar. This means our products are available through Betradar’s sales channels.
- SEVEN Platform
- Virtual Games
- Lucky Six
- Lucky X
- Next Six
- Greyhound Races
- Virtual Greyhound Races
- Virtual Horse Races
- Virtual Drag Races
- Virtual Motorcycle Speedway
- Sportsbook
- Pre-Match Betting MTS & Self-Managed
- Live Betting MTS
- Pool Betting
- Lotteries
- World Numbers Service (Developed in partnership with Betradar)
- Betradar (games available through NSoft’s sales channels)
- Virtual Football League
- Virtual Tennis Open
- Virtual Basketball League
It is NSoft’s mission to provide betshop owners with powerful and visually appealing platform, amazing virtual games, and data-packed sportsbook, and help them grow their business.
By developing our state-of-the-art software solutions we are devoted to creating a business environment which will maximize our customers’ sales opportunities and empower their company to reach new levels of growth. Our ambition is to continue building value for customers, stakeholders and partners. You are more than welcome to join us on the journey. We would be delighted to work with you!
Contact emails: [email protected], [email protected], [email protected]
Sector within the industry: betting/gaming software provider
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