Ahead of the Curve: DefiSports
Needless to say, when the ambitions of DefiSports are accomplished, it would place it amongst the top 50 cryptos in terms of sheer market capitalization and trading volume if not ought right in the top 10. Aiming to evolve the sports industry is no small feat as it would be an immense challenge to persuade the minds of the masses. Not to mention, the global sports market is valued at around $400 Billion with pre-existing competitors in place.
That being said, it is evident what DefiSports is capable of especially with the timing and era it has launched in. To begin with, the crypto space is still in its infancy stage which gives a lot of potential for the project to grow as there is still a lack of mainstream adoption and far fewer direct competitors. Moreover, as you can observe from social media giants such as Facebook that has recently announced to change its name to Meta. The leading business entity realizes the importance of keeping up with the evolution of technology which in this case is the idea of indulging in the metaverse. 3-D virtual spaces, Extended Reality, User Interactivity (Human-Computer Interaction), Artificial Intelligence, Computer Vision, Edge and Cloud computing, and Future Mobile Networks are all some of its elements. They may have mentioned this a day before the time of this writing but Defisports had already mentioned in their whitepaper months in advance that it will be integrating AR, VR, and AI technology into the sports sector. Clearly, the front runners of this project have been ahead of their time and have been preparing to form a symbiotic relationship between cryptos and sports. Another example is those big media outlets such as Twitter and Apple Daily are also opting for decentralization. All this goes to show how early the company has had to be to beat tech and media giants and what the scope of blockchain technology is. As we have seen from the developmental history of the internet, many prototypes of social media platforms, games, applications were left behind due to their inability of providing utility to its user base in which the investors benefitted significantly early on. Similarly, the same trend is being displayed in cryptos wherein the short-term, meme coins are exploding whereas utility-based projects are thriving in the long run. For all we know, early investors may be setting themselves up for generational wealth.
It is also noteworthy that Defisports is also introducing an all-new, never before done hybrid platform to generate revenue, increase trading volume, and allow holders to stake their coins. The platform will have two main utilities. Gaming and NFTs. The gaming/arcade page will offer competitive coin staking minigames that are calibrated through artificial intelligence for the optimal gaming experience. Users will be able to install the games on any Android Mobile application, with users eligible to deposit and withdraw in Cryptos. The NFTs side will offer beautiful, priceless, and exclusive sports pieces of art created by skilled creators on the Premium NFT Platform. Content creators will be paid $DSC in commission. At the moment, the platform is at 28% completion. The concept of metaverse will also be integrated in due time in the esports segment however, it will require a lot more time and R&D.
All in all, Defisports has a well-rounded team, advisors, athletes, and more associates to accomplish the vision by superseding the current payment infrastructure and building a better future for athletes. Together we will #ShapeTheFuture!
