eSports on the blockchain. The rise of play to earn, GameFi and the new era of blockchain eSports tournaments
Contents
· Introduction
· What does blockchain gaming, cryptocurrency and the GameFi frontier mean for eSports tournaments on the blockchain?
· Top eSports tournament platforms that support blockchain gaming and GameFi
∘ OkLetsPlay
∘ UFO Gaming
· Top eSports tournament platforms that support traditional gaming
∘ OkLetsPlay
∘ Players Lounge
∘ Toornament
∘ Gamebattles
∘ UMGgaming
∘ Gamersaloon
∘ Battlefy
∘ Smash
∘ Mogul
· The top two platforms that support blockchain gaming and GameFi.
∘ OkLetsPlay
∘ UFO Gaming
· Conclusion
Introduction
Video gaming and the world of blockchain have been cross pollinating now for some time, but the results are only just starting to blossom. The value of playing games on the blockchain is starting to be more widely understood by players, and this is creating a boom in traffic as players flock to play the latest blockchain game offerings. A plethora of new crypto games are launching every week and as the excitement grows, the path leads directly to a new and exciting universe of eSports on the blockchain.
Playing games on the blockchain opens up a whole new world of possibilities, where gamers stand a real chance of earning lucrative rewards in cryptocurrency and NFTs.
What are NFTs? A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
Traditional gaming already seems like the new “old school”, whereas blockchain gaming is the present and future. Blockchain gaming allows players to earn real rewards that they own. This is a key point. Again — Players EARN and OWN their data and their rewards. These rewards can be anything from cryptocurrency tokens, to unique and rare NFTs that players can use in game or trade on the open market. NFT marketplaces such as OpenSea (https://opensea.io/) allow anyone to discover, collect, and sell NFTs. In other words, players can sell their NFTs and convert them into various different cryptocurrencies, and exchange them into traditional government issued fiat currencies such as USD, GBP and EUR. Not a bad result from playing a video game! The overarching concept for this economy is a new frontier of gaming known as GameFi.
GameFi is an amalgam of two words: gaming and decentralized finance (DeFi). It is also referred to as play-to-earn (P2E) games. The concept of GameFi relies on the intersection of blockchain technology, gaming, and several forms of decentralized financial products, like NFTs, yield farming, borrowing and lending, and algorithmic stable-coins, etc.
Most blockchain-based games are accompanied by a corresponding in-game currency, a marketplace, and a token economy, usually managed and governed by the community. As mentioned previously — players own their in-game items rather than developers with this model, thereby eliminating the need for any type of server infrastructure and preventing the possibility of game hacking or cheating.
By developing an economic model of making money while playing, the concept of GameFi has exposed the world to a new use case for cryptocurrencies. One of the significant reasons behind GameFi’s popularity is that no centralized authority controls the ecosystem, unlike traditional games. Additionally, the underlying blockchain technology allows for zero-fee transactions so that players can buy, sell, and trade digital assets without incurring fees. This is all good news for eSports on the blockchain.
What does blockchain gaming, cryptocurrency and the GameFi frontier mean for eSports tournaments on the blockchain?
There is a shake up coming in the gaming industry, especially amongst the various platforms that serve as eSport tournament aggregators. Any that fails to support blockchain, crypto and NFTs may be left in the dust, as gamers become accustomed to GameFi and start to expect it as a fundamental basic requirement of gaming as we move further into the blockchain gaming realm.
From platforms such as Skillz that support traditional hyper casual mobile games, to eSport tournament platforms that support PC and console gaming like Players Lounge, Toornament, Gamebattles, UMGgaming, GamerSaloon, Battlefy, Smash, Mogul and more, there are a lot of platforms out there, but many are falling behind the blockchain innovation curve. Are there any platforms that are embracing the move to eSports on the blockchain?
The rising stars of the GameFi blockchain gaming eSports tournament world are OkLetsPlay and UFO Gaming.
OkLetsPlay (https://okletsplay.io/) is not only embracing the changes in video gaming and eSports, it is actively aiming to be the gold standard for play to earn games, GameFi, blockchain gaming and eSports on the blockchain, welcoming the new tech with open arms. OkLetsPlay sees the value in supporting traditional eSports tournaments, while offering players new ways to engage with their favorite blockchain games.
UFO gaming (https://ufogaming.io/) is on a similar trajectory, embracing blockchain technology by helping traditional games move onto the blockchain. Read more about both below…
Top eSports tournament platforms that support blockchain gaming and GameFi
OkLetsPlay
UFO Gaming
Top eSports tournament platforms that support traditional gaming
OkLetsPlay
Players Lounge
Toornament
Gamebattles
https://gamebattles.majorleaguegaming.com/
UMGgaming
Gamersaloon
https://www.setupgamers.com/gamersaloon
Battlefy
Smash
Mogul
https://www.setupgamers.com/mogul
Let’s learn more about the top two platforms that support blockchain gaming and GameFi.
There are other contenders in the blockchain gaming space, but many are too early to be appraised in any meaningful way. The top two contenders that have shown any real promise thus far are OkLetsPlay and UFO Gaming. OkLetsPlay has a segment of the market cordoned off with its next-gen intellectual property and shows the most promise in relation to facilitating eSports tournaments on the blockchain. UFO Gaming shows good promise in helping traditional games move onto the blockchain.
The top two platforms that support blockchain gaming and GameFi.
OkLetsPlay
Token: OKLP
Token Price: $TBD (Feb 16 2022)
IGO coming soon on TrustPad: https://trustpad.io/pool/okletsplay
The OkLetsPlay Telegram group (https://t.me/ok_letsplay) states that they are in talks with a handful of the top IGO/IDO platforms, and that they may launch on one or more.
OkLetsPlay ($OKLP) is a patented real money and cryptocurrency eSports tournament platform that caters to traditional gamers and blockchain gamers alike. They offer players new and engaging ways to play their favorite traditional and blockchain games. OkLetsPlay supports everything from 1v1 matches to team play and large professional multiplayer eSports tournaments. Players can enter games, matches and tournaments on anything from hyper casual mobile games, to the top AAA PC titles as well as on popular blockchain games.
OkLetsPlay holds a published patent, continuation applications and PCT filings for it’s Out-of-Game Peer Wagering Module patent portfolio: https://patents.google.com/patent/US9659439B1/en
UFO Gaming
Token: UFO
Token Price: $0.000013 (Feb 16 2022)
IGO launched recently
UFO Gaming ($UFO) is a fully decentralized gaming platform bridging traditional games onto the blockchain and giving players the ability to earn while playing. This includes: Blockchain. P2E. Metaverse. Virtual land. NFT. Gaming.
$UFO will be the primary utility token of the Dark Metaverse. In The Dark Metaverse, each game that UFO Gaming release will represent its own planet.
The first game or planet that UFO Gaming released in the Dark Metaverse is called Super Galactic.
Super Galactic is a decentralized game with a unique NFT collection and an auto battler built on the Ethereum network and integrated with a hyper scalable Polygon L2 solution. To play Super Galactic, players need a playable character. These are the NFTs called UFOeps. To mint UFOeps, players must first farm Plasma Points with the native $UFO token.
Ufo Gaming in a nutshell
- Community focused
- Secure and safe, audited from Hacken.
- DAO Governance
- Complex NFT- and tokenomics system.
- Super Galactic, their very first game
- Gaming IDO
- In-game assets as NFTs (weapons, armor, loot boxes)
- Characters as NFTs (different levels based on rating)
- User rating (the more you play and higher the levels, the higher the rating to earn UAP
- 2 token system that promotes $UFO usage and does not cause inflation
- Breeding (breed characters to create stronger characters)
- NFT marketplace (to exchange assets in-game)
Conclusion
Video gaming and eSports on the blockchain IS the future of gaming! The rise of play-to-earn, GameFi and blockchain eSports tournaments shows no signs of slowing, and platforms that embrace this new frontier stand the best chance of thriving in a future where gamers EARN and OWN their data and rewards while having fun in the metaverse and beyond.
Hold tight, it’s going to be one hell of a ride!
