What is the impact of Lambatoken on the eSports Ecosystem?
Lambatoken impacts the eSports ecosystem with its new movement.
eSports as a platform creates a new economy and provides jobs and engagements in a progressive way that allows for the scalable, rapid growth of the community within it. These unique interactions also provide diversification of revenue generation from the main provider company (Lambabros) but significantly add value to the utility tokens (Lambatokens) used to facilitate transactions.
We know that the digital space is greatly controlled by communities which come with its value. With the kind of structures, we are creating for our eSports entertainment, the vision to create a better community engagement will be achieved, and communities will be built and leveraged to create more value in other areas of the lambatoken project.
The vision is to use lambatoken to build many new economies, eSports was set as the first because of its flexibility and the opportunities it carries.
The eSports/gaming industry is expected to register a Compound Annaul Growth Rate (CAGR) of 12% during the forecast period (2021- 2026). Revenue in the eSports market is projected to reach US$477.6m in 2022. In the eSports market, the number of users is expected to amount to 538.8m users by 2026.
The Asia-Pacific eSports market is expected to record a CAGR of 22.08% during the forecast period, 2022–2030. The rising interest and large participation from Japan, South Korea, and China are major growth drivers while the video game market in South Africa has witnessed strong growth in the past few years. It is expected that there were more than 11 million gamers in South Africa. Gamers in the country are moving to social gaming, the free-to-play revenue model. In 2019, Nigeria as the biggest economy in Africa generates $180 million in gaming activities, placing 2nd in Africa.
Arena Houses: The goal is to have arena houses all over the world where gamers will practice, grow fan base and enjoy all the benefits of belonging to a club. One house will compete against the other. National and international tournaments will be hosted, and finals will be hosted as a reality show where the gamers and the world will determine the best in both character and skill.
Reality Show: Our reality show is designed to boost engagement between the gamers and the general audience/viewers. Our products will have the opportunity to be seen by millions of people. We are currently setting up for a reality show, where gamers (some professional gamers and some female mentees) will compete live in the house Arena for 30days or more. This combination will simply encourage the female gender to pick an interest in this kind of sport.
Blockchain: All our activities are going to be powered by blockchain technology. We have created our tokens to run the eSports eco-system (To facilitate the development of eSports arenas, to create a system where fans can share from the prize pool through our unique HOL Tournament Staking with lambatokens, to patent our merchandize products, to use as an exchange of value in our eco-system, to set up a system where a holder of our token can buy a product/service now to pay later and to create wealth generally).
The Lambatoken HOL App: The lambatoken App is an all-in-one application for gamers and their fans. Both fans will have the opportunity to earn even without playing. The host of tournaments wasn't left out when building the gaming ecosystem in the App. Anyone verified can host games, and tournaments and earn from HOL stakers registration fees. The Lambatoken HOL App is also designed for gamers to be seen, and even grow their profiles.
Sharing Economy Integration: We have designed a platform that works with a sharing formula where for every prize pool 50% goes to the winner and the other 50% will be shared among the fans who voted/staked using our digital asset lambatoken, thereby creating massive engagement among the communities and during the events.
Aside from providing eSports arenas to host events, we are also empowering those who want to build and expand the eSports eco-system, things like music, T-shirts, footwear, game gadgets, eSports hotels, and many other unique ideas and products will be included.
Lambatoken first set of solutions will be on real estate, interactive eSports, lifestyle, and entertainment. We offer tokenization of real estate projects thereby proffering affordable housing solutions to our holders, we have created a decentralized marketplace & powering new digital economies on the blockchain.
LambaToken is a driver of new digital economies, creating ecosystems consisting of interconnected sets of platforms that explore new combinations of people, processes, and technology.