Esports tournament operators have begun dabbling with blockchain technology to distribute prize pools, but one investor says it'll take time before it makes it to the big leagues.
Small esports tournament organizers have started dabbling in blockchain tech to host tournaments and distribute prize pools. However, don’t expect to see it in the big leagues just yet, says an investor.
In his opinion, however, it will take more time before the big titles and professional tournaments will consider adopting the tech. According to Fung, the use of blockchain makes the distribution of the prize pool far easier because it bypasses barriers such as cross-border transfer fees charged by traditional banks.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ground Handling Firm to Use a Blockchain Document Solution at 28 Saudi Airports – Blockchain Bitcoin NewsSGS said the solution known as Doc Certs blockchain management solution will allow it 'to issue over 10,000 digital documents annually including licenses.' innovation aramco
Read more »
China Establishes National Blockchain Organization (Report)The National Blockchain Technology Innovation Center will be located in Beijing and will aim to provide financial benefits for locals.
Read more »
Shopify launches suite of blockchain commerce tools for merchantsShopify has officially launched its tokengating tools for NFT merchants and integrated its wallet connector with the SIWE protocol to enable Ethereum wallet sign-ins and user authentication.
Read more »
Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm – Africa Bitcoin News'Our focus is on providing innovative solutions that utilize the best of both worlds to create new opportunities for businesses and individuals,' Mutembei Kariuki said. blockchain venturecapital
Read more »
This layer 1 blockchain offers a unique decentralized interoperability solutionBlockchain interoperability is essential for the industry, but current solutions such as bridges are quite vulnerable. So what is the solution?
Read more »
2023 is a make-or-break year for blockchain gaming: Play-to-own – Cointelegraph MagazineWill 2023 finally see an explosion of crypto gaming? The way forward is unclear with Interoperability being one thorny issue, and playability still having to catch up to traditional games.
Read more »