Is the esports industry also embracing NFTs? The unstoppable trend is quite r...

Kabir903

"Recently, blockchain has become very popular. I wonder if everyone is familiar with blockchain. The technical solution of blockchain is that it does not rely on a third party but can independently store, verify, transmit, and exchange network data. So, is there an opportunity to integrate esports and gaming communities on the blockchain? Let's take a look.

A recent example is Talon Esports, an esports startup based in Hong Kong. Let me briefly introduce Talon Esports. Established in 2017, it has sent teams to participate in competitions such as ""League of Legends,"" ""Arena of Valor,"" ""Overwatch,"" ""Rainbow Six Siege,"" ""Clash Royale,"" ""Tekken 7,"" ""Street Fighter V,"" and more. In the spring of 2020, it won the championship in the PCS Professional League. Before the summer substation matches, it collaborated with football giant Paris Saint-Germain Football Club, representing PCS as PSG Talon in the 2020 League of Legends World Championship held in Shanghai.

Furthermore, Animoca Brands and QCP Soterianode recently jointly led the investment in the Play-to-Earn (P2E) blockchain gaming guild Avocado Guild. NFTs help esports clubs achieve commercial realization, while esports clubs accelerate the promotion of blockchain and NFTs at the mass level, forming a mutually reinforcing model. The gray market for virtual goods refers to the unauthorized and unexpected unofficial secondary markets in the gaming and esports industry. For industries with few implementation methods like esports, achieving product realization in the NFT market undoubtedly broadens more channels.

As more content owners in esports and gaming further utilize NFTs as part of their business realization models, it is expected that professional gamers and more esports organizations, game publishers, event organizers, and others will begin to offer NFTs or other blockchain-related content. NFTs can ensure the uniqueness, originality, and source of digital assets. Due to the inability to delete or duplicate NFTs, they easily maintain their value over time. The unique features have attracted a large influx of capital, leading to a nearly 160-fold increase in NFT sales."

Kahn332

Sometimes, what you earn by luck, you may also lose by luck.

Kalkin995

It seems like a good idea for esports to integrate with NFTs.

Pooja193

Recently, the esports industry has been growing larger and larger.