Crew Liquid, one of the profitable organizations in esports historical past, is teaming up with event platform Group Gaming to launch a $20,000 sequence of competitions this summer time, the businesses introduced Friday.
The North American sequence will characteristic 4 occasions cut up evenly between Teamfight Techniques and Hearthstone. Prize cash will probably be paid out in USDC, a crypto stablecoin pegged to the U.S. greenback, on Ethereum layer-2 scaling community Base.
The sequence goals to showcase the effectivity of crypto funds in esports. The flexibility for cryptocurrency for use for automated prize cash funds after occasions is usually cited by proponents as a cause for the business to undertake the tech.
“Late funds and excessive charges are widespread occurrences within the esports business,” stated Group Gaming CEO Chris Gonsalves, in a launch. “Group Gaming’s automated cost system working on Base ensures quick, safe, and clear funds.”
The event sequence is a part of On-Chain Summer time II, an annual initiative by Base community creator Coinbase to introduce extra customers to blockchain expertise. The Teamfight Techniques occasions will happen on June 29-30 and July 13-14, with Hearthstone competitions to comply with on July 27-28 and August 17-18. Every pays out $5,000 value of prize cash.
“Esports is a billion-dollar business. Think about how a lot cash is misplaced as a way to pay charges and intermediaries, however must be going on to the gamers,” stated Base creator Jesse Pollak, in a launch. “Through the use of USDC on Base, more cash will go straight into the palms of the winners.”
Editor’s notice: This text was written with the help of AI. Edited and fact-checked by Andrew Hayward.
