ESPN Global Integrates Blockchain With Online Gaming

Monday 27 July 2020, 4:09 PM AEST - 2 months ago

The ESPN Global E-Sports programming network currently declared that it had combined online gaming with blockchain technology. The move does not come as a huge surprise, reflecting that gaming has been one of the oldest associates of the blockchain industry.

ESPN Global moves its online games to the blockchain

The move is certainly desirable, as it can help accelerate adoption, and more importantly, proceed to transform both blockchain and gaming alike. According to the declaration, the combination will enable players to engage in several battles and tournaments, and win money when they win. Meantime, those who receive premium membership will also get priority access to games such as slots.

Moreover, they can also gain early access to some of the more popular upcoming games.

The platform is recently in the pre-launch phase. Nevertheless, players will be capable of beginning making crypto deposits and withdrawals soon enough. To accomplish this, ESPN Global teamed up with Cryptopay, a digital currency payment specialist, to process transactions for the platform.

What is next for ESPN Global?

As many possibly know, ESPN Global is a UK-based e-Sports platform. The company is a subsidiary of Poland-based ESPN Global Corporation LTD. It has had a lot of popular games over time, all of which are now accessible in a single app. This new format enables users to choose a game and join others who wish to play it. This opens the door to competitions and rewards for winning.

One of the ESPN Globals directors, Chris Parker, said in a statement that, As per a research done by 3EA Limited, a global strategic management consulting group, e-sports, and online gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of the Blockchain technology.

Blockchain, of course, is the critical technology for managing microtransactions. In the future, the company hopes to advance the app further and combine other blockchain-based games. At some point, the firm will even hold an IEO, and build and launch its ERC-20 token SGT (Smart Gaming Token).

Read full story on Blockchain Magazine

Disclaimer: The views expressed in the articles are those of the contributors or partners who contract with the editors and publishers and are not the view of the editor and publishers