ESPN Global has announced the launch of a blockchain-powered gaming platform, which will allow competitors to deposit and withdraw
using bitcoin and other cryptocurrencies through Cryptopay.
The platform is also integrating an online treasure hunt, Satoshi’s
Treasure, with $1 million worth of bitcoin to be split among 1000
winners.
In a June 23 statement,
the UK-based company said it is in the pre-launch phase of a platform
that will offer some of the most popular games in one mobile application
for crypto prizes. Blockchain technology will decentralize verification
and support for transactions inside the platform.
“Cryptocurrency
payment specialist ‘Cryptopay’ is being used by ESPN Global, to make
the process a lot simpler, swift and secure,” the company announced.
Users can choose a game or join a group of participants to compete in
real-time and be awarded on the basis of highest score.
The
platform also offers premium membership whereby one gets priority access
to slots and early access to the most popular games. The mobile
e-sports unit in UK falls under ESPN Global Corporation Ltd. which is
headquartered in Poland.
An ESPN Global director, Mr. Chris
Parker, spoke on the attraction of blockchain. “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,” he said.
The
company is also integrating the recently launched game Satoshi’s
Treasure. “With this $1 million puzzle game Satoshi’s Treasure, we are
promising a bounty-laden bitcoin wallet whose keys will be divided into
1,000 fragments, spawning a global hunt for the prize pieces,” said
Parker.
In the event of amassing a sizeable e-sport community,
ESPN Global expects to launch an initial exchange offering of its Smart
Gaming Token (SGT) based on the ERC-20 platform.
“From the day we
start our operations, we will be giving airdrops of SGTs to all
registered players as a gift,” Parker said. He added that all players
who lose money in any game or tournament will be compensated with SGT
airdrops equivalent to the losses credited to their ERC wallets.
The
current valuation of SGT airdrop is $0.001, expected to increase with
the growth of the gaming community. Premium members, who get double SGTs
against the amount of super-contest, will also have their losses
covered.
What do you think about ESPN’s new bitcoin online gaming? Let us know in the comments section below.
source link : https://news.bitcoin.com/espn-announces-online-gaming-that-allows-bitcoin-deposits-and-withdrawals/
