Cryptocurrencies in Esports and Gaming (December 2020)
In December 2020, with Bitcoin at $22,000, esports and gaming saw Lightnite paying Bitcoin for kills, SBI esports paying players in Ripple (XRP) and BITEXEN sponsoring the 2nd TESFED Türkiye Cup.
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In brief
AI summaryOn December 17, 2020, Bitcoin hit $22,000 as cryptocurrencies spread into the esports sector.
Satoshis Games announced Lightnite, a Fortnite-like game where players earn Bitcoin by shooting others and lose Bitcoin when shot, and SBI esports said its players will be paid in Ripple (XRP).
BITEXEN Technology gave its name to the 2nd TESFED Türkiye Cup, which will award prizes in EXEN coin, and many esports betting sites use cryptocurrencies.
Bitcoin, which has been rising in value for a long time, hit $22,000 this morning. Bitcoin, one of the biggest winners of the pandemic period, continues to rise without slowing down at all. Cryptocurrencies, which have begun to be accepted and used in many sectors, have entered the esports sector as well.
Cryptocurrencies in Esports and the Gaming Industry
- Satoshis Games announced that it has developed a Fortnite-like game called Lightnite, in which interaction between players causes users to receive monetary rewards or penalties. Satoshis Games said: "Simply put, players earn Bitcoin by shooting other players and lose Bitcoin when they are shot."
- The SBI esports team announced that its esports players will be paid in Ripple (XRP). SBI esports, a long-time Ripple partner, also added that this sponsorship deal is a way of diversifying its portfolio within the blockchain industry.
- A cryptocurrency called ESPORTCOINS has even taken its place on the market. In times when anyone who has lost the plot issues a cryptocurrency, we were not very surprised.
- Most esports betting sites have also started using cryptocurrencies, moving the masses.
- In the past period, BITEXEN Technology even managed to give its name to the 2nd TESFED Türkiye Cup. TESFED, which will give the tournament prizes in EXEN coin, has managed to increase confidence in cryptocurrencies in the Turkish sector.
It is not known whether Bitcoin's unstoppable rise will fall as it did 2-3 years ago, but it does not look like it will stop soon. Considering that it survived this online life we spent in 2020 and achieved so much success on top of it, we eagerly wait to see what awaits us in 2021. How much the gaming and esports sector will be affected by cryptocurrencies is a big question mark...
