Video Games, eSports, and Blockchain

Video gaming and eSports come hand-in-hand as the two different businesses have huge impact across the world. At any given moment, there are over 1.2 billion online gamers logged in around the world. The video game industry expects to become a $170 billion dollar market in the world. Electronic sports, or eSports, is paving way to be accepted mainstream by multitudes of tournaments occuring around the world. One of the most lucrative eSports tournaments in the world is called The International, a competition of international DoTA2 teams with a total payout of $24 million dollars.

Gaming and eSports have evolved over the past few decades as huge forces in both entertainment and media. How does blockchain technology fit into these two businesses? We outline a few tokens you should keep your eye on that will disrupt this massive market.

Enjin ($ENJ)

Enjin is a project that tackles on customizable cryptocurrency and virtual goods. The project aims to disrupt the digital goods market, which is a multi-million dollar industry that includes trading markets to betting. Some digital items are worth thousands of dollars alone. An example is the Dragon Lore AWP skin in Counter-Strike: Global Offensive as this item goes for $12,000 alone. That’s almost 1 BTC! Enjin is also captivating to integrate with multiple game engine applications, which will be extremely powerful as these are used to create games themselves. These include Java, Unity, C#, Unreal, Javascript, NodeJS, and even a Minecraft integration slated for 2018.

UNIKRN

Unikrn tackles the digital items marketplace and aims to transform the various digital item marketplaces online. With the rise in popularity of eSports, numerous marketplaces spawned online to use these digital goods for sports betting on eSports. The most notable service within this market surrounds CS:GO Lotto, an operation that handled millions of dollars for betting CS:GO skins. Digital items, not exclusive to betting, makes up over $15 billion dollars alone. Top traditional fantasy sports betting website like Draftkings and FanDuel made about $182 million dollars in revenue, websites that usually take a 10% rake in transactions ($1.82 net billion dollars in total transactions).

FirstBlood ($1ST)

FirstBlood is a token platform that allows eSports to challenge each other via online tournaments. This project has huge implication as it allows one to seamlessly integrate hours played on a certain video game, a ladder for multiple titles, and to utilize a platform that is built on Ethereum. Firstblood intends to make eSports more secure, captivating, and lucrative.

Video gaming and eSports come together as bread and butter. With the evolving landscape of what video gaming and eSports will become, it will be exciting to follow projects in this space that will add the benefits of decentralization toward such huge markets. We hope that this article was informative and to open your eyes on the wide applications of blockchain, even impacting the very controller and/or mouse and keyboard you use while gaming.

Cheers!
The Blockchain Musketeers

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Disclaimer: The information provided by the Blockchain Musketeers is our own opinions and should not be taken as investment advice, financial advice, or any other sort of advice. Nor should this information be used to determine if you should buy, sell, or hold a cryptocurrency. Please conduct your own due diligence and consult your financial advisory before making any investment decisions. Only invest money which you are willing to lose, as cryptocurrencies is not suitable for all users.