Ulti Arena’s Proof of Gaming Transforms DotA 2 and Other Traditional Competitive Games into Play-to-Earn
At the present time, the crypto market is dominated by two leading solutions of confirming transactions: Proof of Work and Proof of Stake. The first was born with the birth of Bitcoin, while the second is responding to problems bugging Bitcoin due to its popularity. While the present undeniably belongs to the PoW, with Ethereum considering switching to PoS, it appears that the future lies there. Although Proof of Stake is much less environmentally challenging, and it seems it is considered the future of crypto, it shares one crucial thing with its predecessor: in order to confirm a transaction, it requires unnecessary computation to be performed. Sure, it’s much less compared to the Proof of Work, but it’s still something.
Additionally, there are other solutions paving their way to the public–Proof of Authority, Proof of Weight, Proof of Bid, etc.
Ulti Arena, in our effort to provide gamers with the ultimate opportunity to earn our token, $ULTI, has created our own consensus algorithm and called it Proof of Gaming.
The rules are simple: players earn crypto by playing video games as they normally would. The Proof of Gaming client analyzes players’ in-game statistics and rewards them based off it. The more and better they play, the more they earn. No energy wasted on mining. No coins to be staked. Sounds like a perfect solution!
The first game that was adopted by Proof of Gaming is DotA 2 and for good reason.
Taking from the statistics provided by SteamCharts, in January 2022, the average daily Dota 2 players were 485,791. An 8% growth compared to December 2021 when the average daily Dota 2 players were 449,297.
According to HowLongIs, the average time played for Dota 2 is 1,659 ½ hours, where half of the players have played for more than 1,659 ½ hours. 90% of the players played this game for 31 hours or more. The top 10% most passionate players have played Dota 2 for more than 5,490 hours.
A ranked DotA 2 game lasts for about 35 to 45 minutes on average.
Dota 2 is consistently one of the top games streamed in Twitch, a popular game streaming website, which continues in 2022. Thunderpick states that:
- Dota 2 has been watched for 576.629,048 hours on Twitch this year. This rate is 16.7% higher than last year.
- The average number of users watching Dota 2 on Twitch is 65,825. This rate is again 16.7% higher than last year. Additionally, the number of peak viewers reached 1,636,441.
- Dota 2 is 10th in average viewership on Twitch. It is in 6th place in the highest viewership ranking.
Ulti Arena launched Proof of Gaming in December 2021 with one vision–to allow ordinary online gamers to earn a few bucks while playing their favorite non-blockchain competitive games, by integrating them into blockchain technology. A vision so unique, that it’s never been seen before in crypto space.
Proof of Gaming subscribers have grown to 461 in January 2022 from only 150 subscribers December 2021. A 307% increase! Evidently, people are interested in the play-to-earn concept being offered by PoG.
The result of the survey we conducted among the Proof of Gaming subscribers upon its launch is interesting:
Player game time before PoG subscription: 1–2 hours weekdays, 2–4 hours weekends
Player game time during PoG subscription: 4–5 hours weekdays, 7–8 hrs on weekends
Referring to the above, there is a significant increase in players’ game time by 250%-400% on weekdays and 350%-200% after they have obtained subscriptions to Proof of Gaming.
In April 2022, the entire Proof of Gaming wallet, 738M $ULTI tokens, were burned and are out of circulation forever. The landing page for Dota 2 Proof of Gaming has been revamped. These are our first steps to develop and scale Proof of Gaming with improved algorithms, better features, and more use cases. There are a lot more to come.
We have conducted a survey among the Ulti Arena community about which game should be adopted into the Proof of Gaming next and some of the leading selections are League of Legends, Valorant, and CS:GO.
Adopting Proof of Gaming or tying cryptocurrencies with some activities performed daily by millions of people could help reduce the impact the crypto market has on the environment leading to its wider adoption and recognition. We are confident that the potential Proof of Gaming can create a difference on how we know traditional gaming today.
Follow us for updates on Proof of Gaming and other solutions: https://linktr.ee/UltiArena