Duelit, the mobile eSports platform
Miami, Florida / July 7, 2022 – Duelit today announces their new fundraising round of $1,000,000 dollars. The funds will be used to grow the team and further develop the platform. Duelit is the leading mobile eSports platform that allows users to bet on themselves and earn money by playing games on their smartphones.
With Duelit’s mobile applications, anyone who has access to a smartphone can win real money by playing games. The platform currently has a number of mini games and with this funding the number is expected to increase continuously. The platform has three modes: practice, challenge and tournament. Users can practice until they get better and feel comfortable playing against another user. Once they are ready, they can add friends and challenge them to a game. They can also enter a tournament to win big! Both tournaments and challenges has an entry fee and the winner gets the cash prize. Bigger the challenge or tournament is, greater the prize!
What sets Duelit aside from any gaming application is that the prizes the user win are real cash. Duelit gives the users the ability to re-invest their earnings and try to hit big, or cash out via PayPal. The payments are sent to the users PayPal account every Friday.
“We want to give everyone a fun way to earn some money. We hope that with the funding round we can bring Duelit to a wider audience and make their lives a bit more exciting.” said Antonio Casas, Founder and CEO of Duelit.
In recent years smartphone usage, mobile gaming, eSports and sports betting all skyrocketed in popularity. The estimated value of the global esports industry in 2020 was $947.1 million and in 2021 it is expected to reach $1,084 million, representing a year-on-year growth of 14.5% according to a research done by Newzoo. Statista’s research also shows that 90 billion dollars mobile gaming industry in 2021 will grow by %34 to be 121 billion dollars in 2022. Sports betting also follows a similar trend. Numbers reported by Morning Consult show that there was an 80% increase in adults who regularly bet on sports in 2021 which resulted in a total wagering volume of $57.2 in 2021 in US alone, a 165% increase over 2020. Duelit being in the intersection of all these emerging trends is in the perfect position to become one of the most influential and popular apps in the near future.
“We believe in Duelit’s ability to succeed at the intersection of all these trends. They were the among the first teams to identify this opportunity when founding the company in 2018, as the eSports industry was just emerging. The way they view the future, and have tirelessly worked towards it to position themselves as the market leader and true pioneers is absolutely impressive. Their journey has been inspiring to watch and they have attracted a supportive syndicate of investors. Considering they also have some global celebrities like F1 driver Fernando Alonso as investors, I am excited to see what they can do next!”, said John Paul Milciunas, Managing Director at Baselayer Ventures.