ESPN to Launch Blockchain-based Gaming Platform With Bitcoin & Crypto Payments
E-Sports Programming Network (ESPN Global) has integrated online gaming with blockchain technology.
Currently, the platform — a “blockchain-based gaming revolution,” is under the pre-launch phase, which will allow users to win cash by winning battles and tournaments. It will further allow players to make “deposits and withdrawals using bitcoin and other variety of crypto-currencies.”
In the press statement, ESPN Global will be using crypto payment specialist “Cryptopay” to speed up the integration process.
Chris Parker, one of the directors of ESPN Global, noted that e-sports and online gaming is a “$140 billion global industry driven predominantly by digital micro-transaction economies,” as such can benefit immensely from the integrity and resilience of blockchain technology.
The UK-based mobile e-Sports platform is also integrating its recently launched blockchain-based 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.
The company is also planning to launch an Initial Exchange Offering (IEO) for its own ERC-20 based token, Smart Gaming Token (SGT). The tokens will be airdropped to all registered players as a gift, which currently has a value of $0.001.
According to Parker, any player who loses money by participating in any of the games or tournaments, their losses will be covered by the corporation. Also, their crypto wallets will be credited with our SGT airdrops equivalent to their losses.