Playnance, a plug-and-play Web3 trading GameFi platform, showcases its UPVSDOWN game at the SiGMA Eurasia 2024 being held in Dubai, UAE.
Speaking with SiGMA News, a spokesperson of Playnance said the game can be categorised in both Web3 and iGaming.
“It’s a platform for new traders. The common exchanges are quite complex right now. [UPVSDOWN] is like an entry point where players mostly can have fun and earn like real traders or lose like a real trader,” the spokesperson said in an interview with SiGMA News.
Playnance said UPVSDOWN is a P2P trading game where users bet on if Bitcoin will rise or fall.
According to the company, the game has become the number one game on the Polygon PoS in terms of transaction numbers.
It added that it processes 50,000 transactions daily on the Polygon PoS, with over 425 million MATIC distributed in just six months of operation.
What is plug-and-play iGaming?
“The theme is everybody can come and receive and become an owner of their game, like to receive plug-and-play solutions because of all types of relationships – between us and owners of the game,” the spokesperson explained.
“And the relationships between players and owners and players between us [Playnance] are fully decentralised. So, everybody just connects their noncustodial wallets and receives direct payments by smart contracts.”
According to the company, the platform is designed for quick setup, allowing partners to profit within two hours of launch.
It added that the platform emphasises ease of use, automation of transactions through smart contracts, and the absence of operational expenses.
Playnance eyes collaboration in SiGMA Eurasia
Playnance’s attendance in this year’s SiGMA Eurasia Summit marks the company’s third exhibition at a SiGMA event, having previously attended the 2023 summits in Dubai and Manilla.
According to the Playnance spokesperson, the SiGMA Eurasia event is a major event for the global iGaming, betting, and esports industries, making their participation in the event a crucial one as they aim to establish connections in the industry.
“Our goal is to be on the edge of the industry. And to understand it, to be connected, to collaborate, to find partners, to find the persons with whom we will evolve and grow together,” the spokesperson said.
“For us, it’s understanding that the industry is evolving. And, we are changing. Competitors are changing. We are preparing a bunch of things that we will launch in spring.”
SiGMA Eurasia is happening at the InterContinental Dubai Festival City from February 25th to 27th.
SiGMA Africa – only two weeks away!
With less than a month until the highly anticipated SiGMA Africa event kicks off in Cape Town, South Africa on the 11th of March, the gaming industry is abuzz with excitement. Building on the success of its inaugural edition in Nairobi, Kenya, in January 2023, SiGMA Africa is strategically positioning itself at the forefront of Africa’s burgeoning gaming landscape. With the continent’s market poised for exponential growth, driven by a rapidly evolving digital ecosystem and increasing mobile connectivity, SiGMA Group recognizes the need to foster collaboration and innovation within the industry. By bringing together leading stakeholders and visionaries in gaming, SiGMA aims to catalyse progress and propel Africa towards a new era of prosperity and opportunity. As the countdown to the event begins, anticipation mounts for what promises to be a landmark gathering of gaming enthusiasts and innovators in the vibrant city of Cape Town.
