ESPN announces launch of blockchain-powered platform. ESPN Global has confirmed the launch of a blockchain-powered gaming platform which will allow competitors to deposit and withdraw via Cryptopay using bitcoin and other cryptocurrencies.
The site also includes an online treasure hunt, Satoshi’s Treasure, with a bitcoin worth $1 million to be shared among 1000 winners.
The UK-based company said that it is in the pre-launch process of a platform that will be offering some of the most popular games in one mobile crypto reward application. Blockchain technology can decentralize transaction authentication and help within the network.
“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.
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.
“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.
[image: André François McKenzie]
