From partnerships between cryptocurrency exchanges and esports organizations to blockchain gaming – the underdogs unite.
There are more and more partnerships and mergers between the world of Crypto and eSports. In addition to partnerships between esports organizations and cryptocurrency exchanges, blockchain games have also emerged.
Blockchain games are mostly based on the principle of NFT, which has not yet been removed from the big esports titles, where you can buy skins and (depending on the game) sell them back. The broad masses have also gotten wind of cryptocurrencies and NFTs this year at the latest. What started with Bitcoin over 10 years ago is now a multi-billion dollar network with many blockchains and currencies.
There are huge differences in how these work. But here at eSports.ch – we’re back in gaming!
I started with TSM FTX. With an adorable video titled, “We changed our name for $210 million!” The partnership between esports team TSM and Cryptoexchanges FTX has been announced.
Yes, you read that right!
What is the biggest deal in the world of esports so far – every day in the world of crypto.
However, the name change was not without problems.
Shortly after the announcement, Riot Games revealed that TSM would not be allowed to use the new partnership in their tag team name. The reason for this is the special requirements that apply to cryptocurrency exchanges.
There was also an incident with TSM’s Rainbow Six Siege team: in the first match of the North American League under the new name, the hosts did not consistently mention the new sponsor. A sponsor was also missing from the team name in the overlay. FTX was only present in the names of players within the game.
However, after the first “technical break”, the nicknames of the players were also modified, so that the partnership with FTX was nowhere to be seen.
Therefore, cryptocurrency exchanges seem to have a hard time taking care of the teams, no matter how much money they put into their hands.
Coinbase is another exchange that is entering into several partnerships this year. This time with ESL, Evil Geniuses, and Plast Premier.
Coinbase will use ESL in Pro Tour circuits from ESL for CS:GO, StarCraft II and Warcraft III the support.
“This collaboration will allow us to give back something precious to our community,” said Evil Geniuses. Blast Premier commented that esports – like cryptocurrencies – share a strong connection to technology and innovation.
Unlike the TSM FTX deal, no money was mentioned flowing between Coinbase and the eSports organizations.
Coinbase plans to continue expanding into cryptocurrencies and esports – we’re excited to see what the future holds.
Now we come to blockchain-based games – precisely one of them.
We already talked about Axie Infinity back in February. The game based on the Etherium Blockchain has been gaining a lot of momentum since then.
In February, the value of the Axie Infinity Shard (AXS) was around $5. Until a few days ago. Today, AXS is worth $35. With these shards, you can buy, among other things, characters with whom you can play. These game assets are sold as NFT.
So to speak, the idea of Blockchain games is that you can earn money while you play. Of course, this is said very loosely, because in the end the whole thing works like traditional cryptocurrency that you buy, leave and then sell again. Only you don’t have to be patient and wait for the currency to increase in value without being able to do anything with it, because you can play the game in the meantime.
However, the game, which is very reminiscent of Pokémon Competitive Battles, has not yet gained a foothold in the eSports segment. However, interest – which is reflected in Axie Infinity Shards – is constantly growing. And if you look at the Axie Infinity website, you can see that Ubisoft is now getting involved, too.
You can learn more about Blockchain – Games and Axie Infinity in Hey Anja – Blockchain Games video: