Biconomy Partners with Overtime to Revolutionize Onchain Sports Betting
Biconomy, a prominent blockchain infrastructure provider, has joined forces with Overtime (formerly known as Thales) to introduce the world’s first sportsbook operated directly through blockchain networks, free of transaction restrictions. This groundbreaking partnership enables users to leverage Biconomy’s Smart Account infrastructure, which seamlessly combines the easy interface of Web2 with the transparency of Web3 across all global locations.
Overtime, a sports betting network on blockchain, is leveraging Biconomy’s infrastructure to overcome previous limitations of blockchain systems. Users can now place bets on Overtime through social media account authentication, bypassing wallet messages and eliminating gas fees typically associated with standard betting processes. This integration simplifies Web3 operations, such as key management and fee requirements, allowing bettors to focus solely on their sports betting activities without the complexities of traditional blockchain systems.
The collaboration between Overtime and Particle Network is instrumental in developing an Account Abstraction system and supporting its implementation. This system eliminates technical complexities, providing a user-friendly interface that allows bettors to interact seamlessly with the platform. Through Biconomy’s infrastructure and Particle Network’s solutions, Overtime has created an on-chain sports betting platform that offers Web3 features to users in an intuitive and user-friendly manner.
Biconomy’s strategic focus on developing user-friendly Web3 mechanics is evident in this partnership. With its Smart Account technology, Biconomy empowers developers to create Web3 applications with built-in usability, facilitating transactions between blockchains and rollups and providing easier access to end-users and their assets and funds. The Overtime decentralized sportsbook platform allows users to access its decentralized betting service through a user-friendly interface similar to Web2 sportsbooks, expanding the blockchain betting market to traditional betting audiences.
This collaboration signifies a significant milestone in onchain sports betting innovation through Web3 technology, showcasing its potential to enhance industry-specific user interactions. By partnering with Overtime, Biconomy enables developers to create next-generation Web3 applications that will revolutionize user-friendly blockchain solutions in the sports betting marketplace.
With this partnership, Biconomy and Overtime are paving the way for a new era in onchain sports betting, setting the stage for future advancements in the industry. Stay tuned for more updates on this exciting development in the world of blockchain-powered sports betting.