A decentralized sharing economy protocol that’s home to a vibrant eports platform has announced that it is planning to roll out DeFi and NFT functionality. The flagship DApp on TimeCoinProtocol is eSportStars — a platform that unites professional players with fans. A plethora of top games are supported… including Fortnite, Call of Duty Mobile, and Counter-Strike: Global Offensive. Through eSportStars, enthusiasts can participate in tournaments for all of these games — and the alpha version of the DApp has already attracted 10,000 users. A flurry of new features will be added in the coming months to make the platform a …

Nonfungible tokens (NFTs) and decentralized finance (DeFi) are two of the hottest concepts in the crypto sector, and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz, a blockchain platform created by the Socios fan engagement platform. The project is designed to allow fans to purchase branded Fan Tokens that let them influence their teams through the popular vote. According to the project website, all Fan Tokens are minted on the Chiliz blockchain with on-platform …

European football giant AC Milan is the latest sporting organization to jump on the blockchain bandwagon after it announced the impending launch of the $ACM fan token on the Chiliz (CHZ) blockchain. With the launch expected to commence in the coming weeks, ACM token holders will be able to use their tokens to redeem various exclusive rewards and take part in interactive activities with the club and players. The addition of AC Milan takes the number of sporting organizations on the Chiliz blockchain to 20. These include fellow European football heavyweights FC Barcelona, Paris Saint-Germain, AS Roma, and Atletico Madrid, …

As “digitally native” ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari. In a newly published report, researcher Mason Nystrom argues that fantasy sports are primed for significant growth due to COVID-19. He also opines that blockchain-based applications could help boost fan engagement in this rapidly expanding market. Nystrom explains: “While the peak culmination of esports and cryptonetworks waits for improvements in emerging technology and 5G connectivity, blockchain-based fantasy sports are poised for consumer adoption.” Citing PwC research, Nystrom says betting and fantasy sports are …

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, …

A decentralized protocol that aims to modernize the sharing economy has released the first phase of an “exciting use case” focused on esports. TimeCoinProtocol says eSportStars is a decentralized application that’s designed to offer something for everyone in this bustling market, which is estimated to have 500 million players around the world. The DApp aims to unite professionals, fans, and players who aspire to make a career out of esports in the future. Users can host tournaments where professional players and fans can compete against one another. A marketplace also means that sellers can offer lessons on improving gaming skills …

Esports organization OG has partnered with a blockchain-based gaming technology company DMScript. According to The Esports Observer, the OG Esport team - CS: GO - will promote DMScript products to its fanbase by wearing clothes that display the company's logo during participation in electronic sports tournaments held around the world. The partnership with OG will also allow DMScript to gain more insight into the needs of the esports industry and help DMScript develop new ideas, high-value solutions, and products that improve the quality of life of players. On the other hand, the partnership will help OG to develop and grow …

Amid the COVID-19 pandemic, one thing is clear: The video games industry is thriving. As people around the world find themselves with more time on their hands thanks to government-mandated lockdowns and a partial economic shutdown, video game sales have skyrocketed. Despite being overshadowed by some of the more glamorous uses for blockchain technology, the gaming industry may be poised for a generational leap forward with the advent of asset tokenization — a practice that could expose the gaming industry to a whole new wave of investors while simultaneously unlocking myriad benefits for the world’s 2.5 billion gamers. Related: Beyond …

The sharing economy’s potential is massive, but firms in this burgeoning space often struggle to survive unless they have a sizeable war chest like Airbnb and Uber. Now, a new blockchain-based protocol says it is aiming to tear down unsustainably high barriers to entry that are stopping startups from flourishing. The TimeCoinProtocol provides a platform so that fledgling projects can build a sharing economy service. The team behind this new concept also believes it can solve some of the biggest challenges in the gig economy. Through the platform, users can sell “time tickets” — effectively tokenizing their business hours. These …

Esports superstars of the popular first-person-shooter game Counter-Strike will participate in a crypto-powered tournament where fans will be able to bet with crypto tokens. The tournament is sponsored by Verasity — an attention based platform for video, gaming and entertainment rewards with a native VRA token. The tournament will feature Nathan Schmitt (NBK) and Asia’s best player Kevin Susanto (Xccurate), who according to the press release, have two million fans worldwide. Verasity has signed a long-term deal with the players agents. The company is also in the process of obtaining a gambling license in Curaçao. VRA aims to take on …

An esports platform with a working product on the Ethereum mainnet says it is tackling the centralized nature of the online betting industry by enabling users to place wagers with their friends and family instead of old-fashioned bookmakers. Hero says it has amassed more than 260,000 registered users and a community in which anyone can create contests based on a plethora of sporting events. In recent months, the company has focused its resources on offering compelling markets for titles such as Dota 2, League of Legends and Counter Strike: Global Offensive, with more than 5,000 contests depicted on the Ethereum …

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 …