NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Blockchain Platform Offers Gamers the Opportunity to Win Big Like Pros

newsbtc
newsbtc
4 years ago
3 mins read
Eloplay

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Online gaming is an industry that is growing at a fast rate and even becoming a profession for a lot of people across the globe.

The opportunity to compete with other players who may be just a few meters or thousands of miles away gives the industry such flexibility that participants are exploring to enjoy a boundless enterprise that offers fun, recreation and rewards at the same time.

An evolving industry

Traditional gaming platforms offer centralized systems where winners of competitions are determined and rewarded by a particular virtual or human umpire. The emergence of blockchain technology took gaming administration a step further by initiating automated reward systems that are governed by smart contracts. In such cases, game results are rewarded automatically by a predetermined transparent system.

These developments and more are contributing to the popularity and global recognition of eSports in general.

eSports will be an official discipline at the 2022 Asian Games in China, which is the boldest step yet toward mainstream recognition of competitive gaming. And it might be added to the Olympic programme as an official medal sport in 2024.

Blockchain for equality

Multi-gaming blockchain enabled company, Eloplay is taking innovation in gaming a step further by creating a decentralized platform where users can design their own competitions.

This innovation will eliminate the segregation that currently exists where smaller and amateur gamers are denied the opportunity to compete for major prices.

Usually, global brands and game developers conduct major tournaments with million dollar prize pools. However, only a small group of professional players can compete for those prizes. It creates inequality and leaves millions of amateur players aside with no chance to compete for major prizes.

The Eloplay gaming platform will allow players and teams to challenge each other for decentralized prize pools. This is made possible by leveraging smart contracts technology to create “Smart Tournaments”.

These Smart Tournaments allow players and brands to organize eSports tournaments of any scale, using the Eloplay Tokens as the prize pool. So players can compete for big prize pools and brands can conduct their own eSports tournaments to engage the audience.

A new idea from an old hand

Having existed in the ecosystem for the past 18 months, Eloplay boasts of the robustness that will not only enable its stability, but also a balanced project that will sustain the various operational aspects of the new world gaming order.

In order to execute its plans, Eloplay is embarking on an Initial Coin Offering (ICO) that is slated to start on the 16th of October 2017, with pre-ICO taking place two weeks before.

This ICO, unlike many before, is not arranged to set up an entirely new company or product. Such is mostly the case with most ICOs that have been executed, especially within the gaming sector of the blockchain industry.

ICOs that are carried out for the purpose of setting up entirely new products have been the major cause of reluctance from certain investment quarters. This is because such programs are usually based strictly on “brilliant ideas” and not proven products. Therefore, some of them eventually do not make it beyond the point of innovation.

On the contrary, having existed for the past 18 months and offering products that are already stable within the ecosystem, Eloplay’s plan for expansion by introducing additional products to its platform is as simple as swimming in familiar waters.

A land of opportunities

Considering the fact that the entire blockchain industry is still in its early stages, sustainable products and the peculiar sectors of the industry that they belong to will in no doubt represent profitable assets for both the short-term and long-term future.

From existing analysis, the global eSports audience will reach 385 million in 2017, including of 191 million eSports enthusiasts and a further 194 million occasional viewers. The global eSports awareness will reach 1.3 billion people in 2017 and is estimated to reach 1.8 billion people by 2020. The overall number of eSports participants in the world will have reached 58.4 million by the end of this year.

Incidentally, this does not come as a surprise that experts call eSports the investment opportunity of the decade.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Arthur Hayes預測怪獸級山寨幣風暴來襲!哪些冷門項目有望暴漲1000倍?

比特幣在七月創下歷史新高,不僅推動整體加密市場重新啟動,也引爆了中小型代幣的資金狂潮。Arthur Hayes這位前BitMEX執行長更直言,市場正步入一場「怪獸級山寨幣季節」,並預測這波資金輪動可能...

Mark Mak 8 hours ago
Ripple

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it...

Scott Matherson 10 hours ago
Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency...

Scott Matherson 14 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

미래의 암호화폐 가격을 예측하는 코인 선물 게임 출시

암호화폐 미래 가격 예측 ‘코인 선물 거래’ 주목…전 세계 이용자 급증

Soyeon Lee 9 minutes ago
Stellar

Stellar (XLM) Set To Explode? 92% Rally Sparks Bullish Frenzy—Details

Christian Encila 27 minutes ago
Bitcoin price news

Bitcoin Price Crash Possible As Correction Sentiment Takes Hold — $110,000 Next?

Scott Matherson 4 hours ago

Premium Sponsors

Press Releases

  • Mint

    Zak Manhire Launches Mint. io: A Web3 Gaming Platform...

    2 hours ago
  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    17 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    17 hours ago
  • ...

    17 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.