Natus Vincere, a Ukrainian multi-game organization, has announced plans to launch a fan token on blockchain-based platform Socios. According to a Nov. 4 announcement, the token will enable a number of new fan engagement opportunities, including the right to vote in polls as well as the chance to earn unique rewards linked to the organization. The maximum supply of fan tokens will be capped at 5 million coins, with a limited number of tokens available at a fixed price of $1. An initial flash sale is expected to take place in the coming months, Socios said. Following the flash sale, …
Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26. The company claims this is the first time that AI has been introduced to a crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and facilitate anti-fraud reporting for exchanges — and Cortex believes the gaming and eSports sector could also benefit from a “diverse range of use cases.” Cortex CEO Ziqi Chen said: “In the near future, we expect to see stablecoins based on machine …
The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world. Research by global analytics company Nielsen Sports found that Formula 1 has the potential to reach about one billion fans globally this year, with the 16–35 age group accounting for the biggest share. The appeal of F1 is clearly on the rise, and cryptocurrency companies are jumping on board to demonstrate their presence. To put this in …
In his 2017 book, What We Think about When We Think about Soccer, English philosopher Simon Critchley elucidates what it is about soccer that can give it such a hold over people. There are the social aspects, the sense that supporters share a heritage of moments lived through together. But more powerful than that, perhaps, is the way the experience of the game transforms the experience of the everyday. With the crown jewel of sporting competitions already heating up, blockchain network Transient is introducing a revolutionary approach to the traditional sportsbook. The Transient “Splash Sports” dApp, has replaced the bookmaker-based …
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. Esports, or electronic sports, is a form of organized competition via video games. Players sometimes referred to as esports athletes usually compete for prize money either individually or as a team. Dave Harris, managing director of esports investment firm Guinevere Capital, told Cointelegraph that he has begun seeing blockchain being used in amateur gaming competitions. In his opinion, however, it will take more time before the big titles …