TDeFi has onboarded another innovative startup in the second cohort of its acceleration programme. DeFi11 is the world’s first DeFi powered decentralised Gaming Ecosystem for fantasy sports, prediction markets, sports betting, NFTs, and more. Defi 11 is making gaming platforms safe from Frauds and Lack of Transparency in Centralized Fantasy Sports Applications. The platform offers complete transparency, user anonymity, and no market manipulation to its users. DeFi11 is targeting the huge market of fantasy sports and sports prediction that is projected to reach an enormous $270B in 2024. Their Alpha app is scheduled to launch on 6 April 2021, 12:00 AM IST.
Founded by Ritam Gupta, DeFi11has plans to launch its beta in Q3 2021 post which it will go for Exchange listing and further its expansion into Field Hockey, Tennis and Volleyball in 2022. The project shall also launch its staking programme along with a Liquidity Pool, governance token and an NFT Marketplace in 2022. Since the online sports industry is worth billions of dollars, DeFi11 is poised to make a lasting impact on the gaming and betting industry.
DeFi’s promise of non-custodial transactions to complex financial operations has set a new standard in the crypto economy and DeFi11 being a one-stop platform expands the bandwidth of DeFi, thereby empowering players to interact with a seamless universe with the ability to bet on in-game teams, events, and contests. Powered by blockchain technology, a dedicated mobile app and web platform, DeFi11 is addressing the rife problems in conventional systems such as Misuse of information, market manipulation, lack of audits, control, regulation and privacy.
DeFi11 boasts the leadership of veterans from the crypto industry. Due to their innovative stance, they are able to add various inspiring DeFi implementations such as Liquidity pool, Staking, Swapping, Rewards & incentives along with NFT gaming and Prediction Contracts for even more user engagement. TDeFi is excited to work with the team at DeFi 11 to bring more value to the ecosystem and its users.
TDe.Fi provides access to World-Class Mentors, Industry Connections, Technology, Marketing & Community, Exchanges, liquidity, and growth hacking partnership opportunities to DeFi and NFT ventures to help them to grow at an unparalleled pace.