Bringing Security to Esports NFTs: Lossless x IKONIC
Crypto space is known to deliver various merges between different fields and fantastic innovations are born. Would it surprise you to see a combination between Esports and NFTs? Didn’t think so. Newzoo estimated that at current growth rates, the Esports market will generate $1.8 billion in revenue by 2022. The NFT market size is expected to grow by $147 billion from 2021 to 2026. GameFi and Metaverses have been integrating NFTs into their mechanics for a while now. It was a matter of time for Esports.
We’re happy to announce that we will be ensuring security for one of such merges — we have a new partner in our ecosystem that is integrating the Lossless protocol to protect the first-of-its-kind Esports NFT marketplace. Excited to welcome IKONIC on board!
IKONIC is the world’s first Esports NFT marketplace. It aims to bring forth a revolution for gamers, and esports players by offering them the necessary tools to earn from their creations. By combining blockchain technology with state-of-the-art video editing software, IKONIC targets to create a new generation of Esports players that can own their moments. As one of the biggest entertainment industries in the world, Esports should have more freedom, and IKONIC is here to make that dream a reality.
Ikonic will be integrating Lossless protocol into their token this way securing it and the project’s users from potential hacks, exploits, and social engineering. With the current rise in hacks (over 70 of them in the first 4 months of 2022, a loss of over $1.4 billion), security has become a priority that is not negotiable. Our team is happy to see that more and more projects like IKONIC are placing protection among necessities.
Welcome to Lossless!
IKONIC NFT Marketplace brings the crypto world and esports together. For the first time, Esports will have collectibles through blockchain technology. In our platform users will be able to mint their moments (clips of their best gameplays) and monetize their content.
Lossless is the world’s first DeFi hack mitigation tool for token creators. Apart from Lossless’ known cyber security solutions and renowned professionals, the community also plays a role. With a tangible reward system, community members are also encouraged to explore new ways to detect hacks and fraudulent transactions.
Lossless protocol halts counterfeit transactions through various methods of fraud identification and automatically reverses any stolen tokens back to the original owner. Its solutions to the impending problems of cyber theft within the blockchain space are thorough and applicable within many protocols.