Overview

24/07/19 12:27 UTC-4

Cryptocurrencies and eSports: how the two industries are connected

Connection eSports industry with cryptocurrencies
Connection eSports industry with cryptocurrencies

Today, cryptocurrencies are increasingly used in many industries that are not directly related to the financial sector. For example, crypto engage in charity or travel. Many blockchain platforms with internal tokens have a narrow focus. It is interesting, but even such a direction as eSports has not been without the influence of digital money.

In this article we will talk about how crypto-money is used in eSports, which platforms on blockchain technologies exist to support the virtual sport industry, and also consider all aspects of fashionable innovation.

 

From video-games to cryptocurrency

It is noteworthy that many "stars" of the crypto-world came to the new financial system from the world of video games. For example, the avid player Brock Pierce, the founder of IGE, in 2010 became one of the first Bitcoin enthusiasts. It is important to note that the same Pierce eventually became the co-founder of Block.one and EOS cryptocurrency.

Unexpectedly, the well-known Vitalik Buterin, who created the second cryptocurrency in terms of capitalization, Ethereum, is also a fan and a regular participant in cyber-sports. So, for example, talking about himself, he said that he was playing World of Warcraft.

"I happily played World of Warcraft during 2007-2010, but one day Blizzard removed the damage component from my beloved warlock's Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring."Vitalik Buterin.

Interesting in the section: Cryptocurrency billionaires. TOP 5 people who got rich in the crypto-sphere

 

Crypto-platform for eSports

Video games on Enjin. The Enjin Coin token (according to the ERC20 standard) from the blockchain platform of the same name allows gamers and game developers to create and manage virtual currency. At the same time, the Enjin e-sports platform positions itself as a "sandbox" with smart-contracts, which provides its users with tools for creating and working with video games.

 

E-sports betting with Unikoin. The Unikoin project is a decentral esports platform. The platform accepts bets on e-sports competitions, games on the blockchain are being developed.

In addition, representatives of the platform launched licensed and official bookmakers. Also, as it became known, half a year ago Unikoin concluded about 20 agreements with betting dealers.

 

Buy gaming tools on WAX. The Worldwide Asset eXchange trading platform is designed to exchange virtual goods. It is not strange that the sale of "equipment" for eSports here remains in the main place.

According to the information on the site, WAX has created a complete set of tools based on the blockchain, which allow anyone to trade instantly and safely with what and how you like. The lion’s share of the platform’s participants are dApp creators and game developers.

 

Minecraft on BitQuest. BitQuest is the first Minecraft server with Bitcoin economy. According to the information on the official website, BitQuest began as an experiment on what a game with an economy based on real currency can do. Now, the service accepts BTC and Doge.

The currency on this eSports server is BITS (equivalent to 1/1000000 BTC). BITS can be obtained during the game for certain actions, killing monsters, trading with users, etc.

Editor: Jerg Wos

#eSports #cryptocurrency #VitalikButerin #BrockPierce #BitQuest #BITS #WorldwideAsiaExchange #WAX #Unikoin #EnjinCoin #blockchain #videogames

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