Better Fan Unveils Web3-Based Sports-Betting Platform

The rising sports activities betting market has elevated the necessity for a secure, sustainable and authorized income mannequin. Higher Fan has developed an modern sports activities betting platform that mixes Web3-based infrastructure and the “play-to-earn” (P2E) idea.

Higher Fan CEO Metin Durgun highlights the platform’s “closed economic system” mannequin: “Higher Fan’s gamified platform guarantees to revolutionize the world of sports activities betting,” he mentioned, noting that 47 million Individuals spent at the least one time over the past NFL season positioned a wager, based on knowledge from the American Gaming Affiliation.

The world’s first Web3-based gamified betting platform, Higher Fan, goals to introduce the thought of ​​authorized, moral and sustainable betting to the worldwide sports activities betting market. It ‘gamifies’ the sports activities betting ecosystem, lowering avid gamers’ potential losses by letting them place bets with out utilizing fiat foreign money or cryptocurrency.

Durgun mentioned: “On Web2-based platforms, individuals use actual cash to put their bets. But when they lose, their whole effort is misplaced.”

As a result of Higher Fan customers do not wager something of worth, they solely stand to lose their every day bets – that are refreshed each 24 hours. Every person’s NFT-based Fan Playing cards decide wager quantities and every day betting limits. Customers can improve these NFTs, growing their card charges.

If the bets are profitable, customers might be rewarded with Higher Fan’s BTB (Higher Than Guess) utility tokens. These can be utilized for in-game actions and customers can change them for USDT straight in-game.

“Higher Fan’s gamification method is predicated on the P2E mannequin,” explains Durgun. “It prevents unlawful actions as a result of no ‘laborious cash’ finally ends up on the platform.”

The sports activities betting market continues to develop

Analysis exhibits that the worldwide sports activities betting market will develop by virtually 12% yearly and attain a complete worth of $178 billion by 2030.

“With conventional betting, solely a small portion of this income is shared with sports activities golf equipment,” says Durgun. “However with Higher Fan, in-game taxes and costs are collected into a typical pool, making a a lot fairer technique of distribution.”