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. <\/p>\n
The platform is also integrating an online treasure hunt, Satoshis Treasure, with $1 million worth of bitcoin to be split among 1000 winners.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The company is also integrating the recently launched game Satoshis Treasure. With this $1 million puzzle game Satoshis 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
What do you think about ESPNs new bitcoin online gaming? Let us know in the comments section below.<\/p>\n
Image Credits: Shutterstock, Pixabay, Wiki Commons<\/p>\n
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