The launch of an e-sports blockchain-based platform
ESPN Global recently announced that it will launch a gaming platform based on blockchain technology. This platform will support payments with Bitcoin and other cryptocurrencies. The company announced through a press release that this new blockchain-based system will allow players that participate in battles and tournaments to earn money, make deposits and withdrawals through cryptocurrencies.
This new e-sports platform based on blockchain technology is still in the pre-launch phase. All those operations that are carried out through cryptocurrencies will be supported through the payment system known as Cryptopay. The objective is that they can mobilize their funds in a simpler, faster, and safer way.
On this advanced platform, ESPN Global will be able to offer popular video games. Users will be able to select any video game they want and join a group of participants to start playing with each other, in real-time. All winners will be determined by the scoring mechanisms for each video game.
Currently, electronic sports, or better known as e-sports, and online video games is a global industry of 140 billion dollars. This industry is mainly driven by economies of digital microtransactions, which will benefit from being used on blockchain technology.
It is important to mention that ESPN Global also intends to launch an IEA (Initial Exchange Offering) of the Smart Gaming Token (SGT), which is based on the Ethereum blockchain. The goal with this token is to be able to form a good e-sports community.
The world of gaming and the video game industry is one of the closest areas related to emerging technologies. And today, we can see how blockchain technology is being adapted more and more frequently and by more industries. This is due to the great advantages that this technology offers such as: speed, security, transparency, anonymity, decentralized transactions, and lower fees. Blockchain’s growth and adoption are expected to be reflected in most of the industries around the world during the decade of 2020.
