Will Crypto Revolutionize the Esports Industry?
A new app called Battle.tech, built on the Avalanche blockchain, is offering a unique solution to the challenges faced by the esports industry. Inspired by the concept of SocialFi, Battle.tech allows users to buy tokenized “player passes” that are tied to the success of rising stars in competitive gaming.
By purchasing these passes, you not only support the players but also have the potential to profit from their success by reselling the passes. The app aims to bring together two communities: players looking to make money playing video games and backers who want to speculate on something new.
The Kickstarter for Esports
Battle.tech, often referred to as the “Kickstarter for esports,” allows players to import their gaming history from platforms like Steam and FACEIT to create a player pass. Backers can then purchase these tokens and follow players through tournaments as they climb the ranks in the esports world.
The app launched with support for Counter-Strike 2 and plans to expand into other titles like Dota 2 and notable crypto games in the future. It aims to provide opportunities for up-and-coming players to gain traction and build an audience while benefiting backers in the process.
Challenges and Potential
While previous attempts at SocialFi platforms have struggled to maintain momentum, Battle.tech hopes to overcome this challenge with a few key features. Firstly, players can form teams on the platform, allowing backers to invest in squads rather than just individuals. Additionally, pass values are tied to competitive performance, providing a more consistent anchor for prices.
Owned, the creator of Battle.tech, aims to bridge Web2 gaming with Web3 functionality. The app is backed by Avalanche but focuses on making onboarding user-friendly before introducing deeper crypto elements.
Hot Take: Battle.tech’s Potential Impact on Esports
Battle.tech has the potential to revolutionize the esports industry by providing a platform for players to gain recognition and backers to invest in their success. By combining the concepts of SocialFi and gaming, Battle.tech offers a unique opportunity for players to monetize their skills and for backers to speculate on rising stars. With its focus on user experience and performance-based value, the app could bridge the gap between traditional gaming and blockchain technology. While challenges remain, Battle.tech shows promise in creating meaningful opportunities for players and investors alike.
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