Blockchain and eSports Games – a Promising Partnership
There’s money to be made in eSports games. And not just for the champions either. Though it is impressive that Johan “N0tail” Sundstein has made a cool $6.8 million while playing Dota 2.
Blockchain and eSports are the one-twos, combo punches that will bring massive profits in the 2020s. Here’s how.
eSports Games: An Industry Growing Exponentially
eSports games started out like blockchain — something that was looked down upon, something people didn’t take seriously, something many made fun of.
Parents used to yell at their kids to get off the computer and stop playing video games; it’s not like they’d make any money from it. And that sentiment stuck around. How could anyone make money just sitting around playing video games?
Well, Business Insider reports that only a few years after the rise of eSports gaming, “global investors, brands, media outlets, and consumers are all paying attention.”
They back that up with numbers too, saying that “total esports viewership is expected to grow at a 9% compound annual growth rate (CAGR) between 2019 and 2023, up from 454 million in 2019 to 646 million in 2023, per Business Insider Intelligence estimates. That puts the audience on pace to nearly double over a six-year period, as the 2017 audience stood at 335 million.”
No wonder Johan “N0tail” Sundstein can earn $6.8 million. With that kind of esports gaming growth, the audience has proven to be very real and quite eager to spend a large amount of money.
Blockchain: A New Era of Digital Possibilities
Blockchain has already proven itself as a world-changing technology. Sure, there are plenty of critics who think Bitcoin will die. But now even stalwart news outlets like the Wall Street Journal have come around to saying that even if Bitcoin dies, blockchain will survive.
Why is that? Because blockchain is revolutionizing the things we own, both digital and real.
Sometimes the line between digital and real even blurs because of blockchain. For example, there’s an article showing that “the US Patent Office has today issued sportswear brand Nike‘s patent for its blockchain-compatible sneakers dubbed “CrpytoKicks.”
These are real Nike shoes that will also have a digital presence, secured by a blockchain.
Blockchain + eSports games = $$$
So how will these two burgeoning industries collide to provide massive profit?
It all comes down to ownership.
In basketball, baseball, football and other traditional sports – can you believe we’re calling them “traditional” sports now? Wow — in those types of sports, a game item like a football, baseball, or basketball can be played across different games by different people.
LeBron James, for example, can use a basketball in an NBA championship and then that basketball can be used by a different player in a different game, or even by a coach with a whole different team.
Not so in eSports games, right? A legendary sword belongs to one player and that player can only use it in that one specific game. They can’t use it in a different game.
But what if those lines could be blurred?
Introducing the Enjin Multiverse.
In the Enjin Multiverse, an item can be used by one player in one game, and then that player can sell or transfer it to a totally different player. That second player can then use the item in the same game or a different one.
It’s like breaking the fourth wall, except in games.
And that’s only one of the myriad possibilities we can look forward to when blockchain and esports games unite.
We might even see cryptocurrency gambling! Just like people betting on real sports, we’ll see people using crypto to use and bet on eSports.
The future sure looks like a heck of a fun time!
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