Up Only

Up Only

Overview

Blockchain-based gaming is entering a golden era of development. The emergence of playto-earn gaming has given lucrative earning opportunities to netizens worldwide. The number of gamers participating in play-to-earn gaming has been exponentially growing while spectatorship in the field has also been recording tremendous growth. Despite it’s rising prominence in the world of online gaming, both blockchain-based gaming and playto-earn gaming have few data resources that inform gamers and spectators on the state of the industry.

Current data providers offer only rudimentary data such as users and volume. Moreover, despite the lucrative earning opportunities in play-to-earn, spectators have no opportunity to leverage their activity into earning potential. In the wider online gaming industry, spectators can earn by participating in giveaways, competitions, and other means of deriving value. Play-to-earn spectators currently lack such opportunities. UpOnly addresses these key gaps in the play-to-earn market by providing comprehensive data on the play-to-earn market and a decentralized infrastructure that allows spectators to leverage their activity and insights into real-world value by betting on the outcome of playto-earn games.

Introducation to UpOnly

UpOnly is positioning itself to be the premier data and analytics platform for the rapidly growing play-to-earn industry. The play-to-earn industry is in a stage of rapid growth with a vast proliferation of gaming options. However, play-to-earn gamers and spectators have no reliable source of data and analytics that allows them to derive insights and leverage their activities in the gaming world. UpOnly is addressing this critical gap in the market while also providing an infrastructure which will allow the rapidly growing audience of play-to-earn spectators to bet on the outcomes of play-to-earn games and generate monetary value from their predictive ability.

Market Research

The video gaming industry is among the largest industries worldwide and is also among the fastest growing. It is valued at over $300 billion and the number of gamers worldwide is estimated to be over 2.7 billion people. In 2013, there were only 1.2 billion gamers, meaning that the number has more than doubled in just eight years. By 2023, the number of gamers is expected to be at least over 3 billion. The increase in the number of gamers coincides with a vast growth in the number of spectators watching their favorite gamers stream their activities. Over 1.2 billion people report having viewed gaming video content.

A rise in blockchain gaming adoption has been exponentially growing alongside the increasing prevalence of online gaming and streaming. Play-to-earn gaming has begun to play a significant role in the growth of blockchain-based gaming. Play-to-earn (P2E) offers lucrative earning opportunities to netizens worldwide. As the audience for P2E games continue to grow, there is a significant need for a reliable data source for gamers, and a constant revenue stream for spectators.

UpOnly.com data directory

Despite the rising relevance of blockchain-based gaming, the provision of data related to the industry remains rudimentary. Only a small number of players provide data relating to blockchain-based gaming and the data which is provided is severely limited. Even the major players such as DAppradar.com only present data related to users and trading volume. As the decentralized gaming industry continues to grow in size, the need for accurate and useful data becomes more pressing. The UpOnly.com data directory addresses this pressing need.

Underpinned by a centralized database architecture, UpOnly.com will compile comprehensive data on play-to-earn games. Similar to Coinmarketcap.com and Coingecko.com, UpOnly will establish itself as a trusted data directory for the play-to-earn industry. The UpOnly data directory will retrieve real-time data from play-to-earn games by utilizing data query solutions such as TheGraph. It will retrieve data such as price sizes, data on active games, odds of winning playto-earn prize pools, and ease of entry. UpOnly will establish the infrastructure to present extremely insightful and actionable data on all of the play-to-earn gaming options. Moreover, the data directory will provide the capability for UpOnly community members to submit relevant links related to given play-to-earn projects. For instance, UpOnly members can submit news and press releases related to the projects on the database.

Any emerging play-to-earn game can be uploaded to the data directory. The data will be tailored to be insightful for both gamers participating in the games and spectators of play-to-earn gaming. Play-to-earn gamers will be able to easily identify the games and platforms that offer the most lucrative rewards, those that are the least competitive, and those that have been gaining recent traction in terms of their platform usage and the price movements of their native tokens. Spectators will also be able to easily identify the most active and exciting games to watch. Moreover, spectators will have the opportunity to earn from their activity by betting on the outcome of various play-to-earn games.

Streaming Audience

As the number of online gamers increase, a similar growth has been observed in the number of people who go online to watch their favorite gamers compete against each other. The number of people watching live streams topped out around 662.7 million persons by the end of 2020, and is projected to be close to 950 million by the end of 2024.

Organized in the form of friendly games, championships, and tournaments, gamers can broadcast these events to their fans using any live streaming platform. Although there are hundreds of live streaming platforms, the most popular ones for gamers are Twitch, Facebook, and YouTube gaming.

UpOnly Prediction Platform and UPO Token Dynamics

Underpinned by the Polygon network, UpOnly is launching a decentralized infrastructure that will facilitate speculation on the outcome of play-to-earn games. The audience for online gaming and blockchain-based games is growing. This infrastructure will allow speculators of play-to-earn games to turn their spectating activity into a source of viable and sustainable income. Spectators can utilize the data from the UpOnly data directory to help predict the outcomes of various playto-earn games. The native UPO token is at the heart of the UpOnly prediction platform.

To bet on the outcome of a play-to-earn game, spectators must hold UPO tokens. Spectators can bet their UPO on the outcome of various play-to-earn games and earn further UPO rewards when they predict the outcome correctly. The decentralized prediction platform will be the first of its kind in the blockchain-based gaming industry. It will be the first infrastructure that allows blockchainbased gaming spectators to monetize their activity and access broader insights and data from the UpOnly platform.