The IBAT token for the popular play-to-earn gaming platform of Metaverse “Battle Infinity ” got listed on MEXC Global, a centralized exchange (CEX), on Tuesday, November 8.
In order to compete with established legacy players like Dream11, Battle Infinity is creating a fantasy sports gaming environment that will initially focus on the Indian Premier Competition, the biggest cricket league in the world.
The Indian-based company, Battle Infinity, has been working very hard to offer its products and has already made the ecosystem staking system available.
IBAT experienced profits of 700% when it initially began trading on the Pancakeswap decentralized exchange in August of this year. Since that time, IBAT has also been listed on LBank, a centralized exchange based in Hong Kong.
Although the initial focus for Battle Infinity is on cricket, it is also growing in other games. All major sports, including basketball, baseball, and football, are expected to be added soon.
The existing static model of fantasy leagues will be abandoned in favor of virtual stadium settings where teams and players can compete against one another and win prizes as they go up the leaderboard.
In contrast to titles like Axie Infinity, which has earned a terrible reputation for being a dull and monotonous game to play, Battle Infinity takes the opposite approach by relying on skill and jeopardy to construct gameplay.
Fans enjoy fantasy leagues because they provide participants a chance to show off their abilities and knowledge of the game they have chosen while also gaining an advantage over other players.
By allowing the players to have play-to-earn gaming mechanics based on NFTs that crypto technology makes possible, Battle Infinity takes the user experience to the next level in fantasy sports.
Users in the platform will be able to advertise on virtual billboards and engage in various levels of communication in a metaverse space, in addition to choosing the teams with the greatest players according to real-world outcomes and competing against others.
GameFi and Blockchain-based gaming have emerged as one of the most successful aspects of the cryptocurrency market this year. In terms of market capitalization, CoinGecko values the GameFi industry at $6.4 billion.