Octo Gaming is a community-driven platform that offers a wide range of casual Play & Earn games via the OCTO app on iOS and Android devices. Users can play games on Octo Gamings OCTO app and monetize their gaming experience.

The Octo Gaming platform runs on the high-speed Solana blockchain and has over three million users as of April 2023. The project aims to become the first GameFi platform to onboard millions of gamers worldwide from web2 to web3 via its casual gaming hub.

Octo Gaming is one of the first gaming projects to leverage a double reward system. Based on the competition economy, the platform rewards players with tokens and real-life prizes from branded partners.

OTK is the native cryptocurrency of the Octo Gaming ecosystem. It will help monetize players experience on the gaming platform, buy NFTs, access premium subscriptions and exclusive content, and earn crypto rewards.

Octo Gaming is developed on the Solana blockchain, and the team plans to expand to other EVM-compatible blockchains. Its key offering is the OCTO mobile app that lets users access several games, play them, compete against other players on the platform, and earn rewards.

Gamers earn rewards in Golds points that can be exchanged for physical and digital prizes from real-world brands partnered with Octo Gaming. Players can also compete in games leaderboards to win $OTK crypto to harness more monetization opportunities from the GameFi project.

Players can register on the OCTO app, choose a game from the multiple options listed in the library, bet 100 Golds on their victory, and play matches against other gamers. They can claim rewards in Golds and OTK.

They can also buy Octo NFTs, in-game assets that can help them participate in the games on the platform. Octo NFTs are available on leading NFT marketplaces such as Magic Eden, Solanart, OpenSea, Fractal, and Tensor.

Robin du Fayet and Thomas Bourbon founded Octo Gaming in August 2018 as a way for online gamers to monetize their time and effort spent playing video games. The project launched initially as BetOnYou and was later rebranded to Octo Gaming.

The founding duo started work on the project by creating a chatbot on Messenger powered by Chatfuel. The chatbot provided a quick go-to-market product, gaining the OCTO app a user base of over 40,000 in seven months.

Octo Gaming received a €30,000 grant via French Tech from the BPI and Normandy region. This fund was used to expand the team and develop its first mobile app.

In August 2020, Octo Gaming raised €1.25 million in funding from top French Angels and VCs. This fundraising round helped the team conduct a complete overhaul of the OCTO app, integrate all social aspects, and revamp its visual identity to appeal to Gen Z gamers.

In February 2023, the team announced the $OTK token as its ecosystems native crypto asset. The first and second rounds of OTK airdrops were announced in February for users who owned The Octos NFTs.

Octo Gaming is a relatively recent entrant into the blockchain gaming space; however, the platform has amassed millions of users before transitioning from web2 to web3. Thanks to its established credentials built over the years, this makes it stand out among blockchain-powered gaming projects.

With numerous well-known brands backing it as investors and partners, this play-to-earn venture is an attractive investment opportunity worth exploring. The price of Octo Gaming crypto may witness an upward trend as the project introduces additional features and utility for its native token, drawing a larger player base to its ecosystem.

Furthermore, announcements regarding adding new partners or securing more investments could bolster the OTK price statistics in the future. Along with increased on-chain activity and the project's expansion, the Octo Gaming price and market cap may also benefit from a strong bullish sentiment prevailing in the cryptocurrency market.

Although providing an exact OTK crypto price prediction for any time frame is challenging, numerous fundamental aspects contribute to a positive perspective on the cryptocurrency as a potential investment opportunity. These include:

On-chain Activity

A growing interest in engaging with the games on Octo Gaming or trading its NFTs may contribute to increased revenues for the platform, potentially boosting the value of OTK token in the market. The price of Octo Gaming cryptocurrency could also soar as its ecosystem expands and additional features designed to captivate its community are unveiled.

Future Developments

The rollout of new games and use cases for the OTK token could also increase the appeal of Octo Gaming as an investment opportunity. Investor confidence in the $OTK token rises when the project announces new features, partnerships, and investments, supporting the price of OTK token in the crypto market.

Market Outlook

The Octo Gaming price could also benefit from improved sentiment toward cryptocurrencies and sectors such as NFTs and GameFi. An uptrend in the price of prominent cryptocurrencies such as Bitcoin and Ethereum encourages buying activity throughout the market, increasing the price of $OTK and other altcoins.

OCTOKN (OTK) is the native token of the Octo Gaming platform and is an SPL token issued on the Solana network. Here are some of its popular use cases:

Native Currency

As Octo Gamings utility token, it powers the platforms entire game-based economy. Players need $OTK to make in-app purchases, access premium subscriptions and exclusive content, and other benefits on the Octo Gaming ecosystem. It is also used to buy gems - a special currency on Octo Gaming that helps unlock new features and capabilities, offering an enhanced experience for gamers.

Incentive Token

Players can earn rewards in OTK tokens when participating in in-game events and competitions. In this manner, $OTK drives engagement within the Octo Gaming community, encouraging players to participate in games and events.

Liquidity Provision

OTK supports liquidity provisioning activities within the Octo Gaming ecosystem. Making the token freely available on the crypto market lets investors trade it and increase its value, supporting the projects growth.

Crypto Asset to Trade and HODL

Trade OTK/USDT on BYDFi Spot Market to profit from changing market conditions and volatility. You can buy or sell OTK or hold it long-term if you believe in the future potential of the Octo Gaming project. Remember to DYOR before placing new trades on our platform to minimize your exposure to market risks and volatility.

Octo Gaming enjoys the support and backing of several established businesses from the crypto and mainstream industries. Some names on the list include Solana Foundation, BYDFi, Moonrock Capital, Baselayer Capital, Logitech, Lenovo, Venly, Degenerate Ape Academy, Fractal, and more.

Octo Gaming has planned three rounds of airdrops for its native token. Heres more information on them:

First OTK Airdrop

The first round is for users who have registered codes in the OCTO app and linked their wallets to the app. Octo Gaming distributed these codes via the Public Code Channel on the platforms Discord account. You can also get codes from other registered users or through Octo Gaming Partners social accounts, especially Twitter.

Second OTK Airdrop

The second round of airdrops will issue OTK tokens to holders of The Octos NFTs. The official NFT collection of Octo Gaming on Solana will give holders access to free airdrops of the OTK cryptocurrency.

Third Airdrop

Octo Gaming will conduct the third round of $OTK airdrops among community members supporting the project via its official social media channels. You can follow Octo Gaming on social networks such as Twitter and Discord to become eligible for receiving free OTK tokens through engagement.