Partnership Between Team Liquid and Community Gaming to Transform Esports with Crypto
Team Liquid, a renowned organization in esports, has joined forces with tournament platform Community Gaming to present a series of competitions this summer worth $20,000. The collaboration between these two entities aims to revolutionize the esports industry by leveraging cryptocurrency for prize money distribution. This partnership signifies a significant step towards showcasing the efficiency of crypto payments in the esports ecosystem.
The $20,000 North American Tournament Series
The tournament series will feature four events split equally between two popular games: Teamfight Tactics and Hearthstone. The prize money will be disbursed in USDC, a stablecoin pegged to the U.S. dollar, on the Ethereum layer-2 scaling network Base.
- The series comprises four events split between Teamfight Tactics and Hearthstone
- Prize money will be paid out in USDC, a crypto stablecoin pegged to the U.S. dollar, on the Ethereum layer-2 scaling network Base
Efficiency of Crypto Payments in Esports
The main goal of this series is to demonstrate the advantages of using cryptocurrency for prize money payments in esports tournaments. The ability to execute automated payments using cryptocurrency post-events is a key selling point for industry advocates passionate about blockchain technology adoption within the esports realm.
- The series highlights the efficiency of crypto payments in esports
- Cryptocurrency provides automated prize money payments after events
Automated Payment System Ensures Fast, Secure, and Transparent Payouts
Chris Gonsalves, the CEO of Community Gaming, emphasized the importance of timely payments without high fees in the esports sector. The automated payment system powered by Base ensures that prize money is distributed swiftly, securely, and transparently to the winners.
- CEO Chris Gonsalves stresses the importance of timely, fee-free payments in esports
- Automated payment system on Base guarantees fast, secure, and transparent payouts
On-Chain Summer II Initiative by Coinbase’s Base Network
This tournament series is part of On-Chain Summer II, an annual event organized by Coinbase to introduce more users to blockchain technology. The Teamfight Tactics events are scheduled for June 29-30 and July 13-14, followed by the Hearthstone competitions on July 27-28 and August 17-18. Each event will award $5,000 in prize money to the winners.
- The tournament is part of On-Chain Summer II, an initiative by Coinbase’s Base network
- Events for Teamfight Tactics and Hearthstone will pay out $5,000 each
Direct Prize Money Payments Empower Esports Participants
Jesse Pollak, the creator of Base, emphasized the potential impact of using USDC on Base for prize money distribution in esports. This approach ensures that more money reaches the players directly, minimizing losses due to transaction fees and intermediary involvement.
- Base creator Jesse Pollak discusses the benefits of using USDC for prize money payments
- Direct payments empower esports players by reducing fees and intermediary involvement
Hot Take: Transforming Esports Through Crypto
Embrace the future of esports with Team Liquid and Community Gaming as they introduce a groundbreaking $20,000 tournament series powered by crypto. Witness the efficiency and transparency of automated payments in esports, setting a new standard for the industry’s financial operations.
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