Is League of Legends Going Crypto? FTX and Riot Games Partnership Explained

One month ago, the crypto company FTX Exchange announced its partnership with Riot Games, the developer of League of Legends. Riot Games is known to have signed a 7-year contract. This brought to mind, some time ago, the idea that Riot Games could go even further and cooperate with other crypto companies too. You can find the details below.

Is League of Legends (LoL) Becoming a Cryptocurrency?

After the partnership Riot Games established, there has been debate about whether League of Legends will become a cryptocurrency and be on the Blockchain. If Riot Games decides to go further on blockchain, it is known that this could bring League of Legends important milestones, including in-game items and character ownership, an NFT marketplace and even the creation of a Riot Games gaming multiverse. This could be useful for the game and would also please players and cryptocurrency users. In addition, Riot Games partnering with FTX Exchange does not only mean that the FTX logo will be shown at esports organizations, but that Riot Games is establishing a real collaboration with FTX.

What Changes If LoL Goes on the Blockchain?

If Riot Games goes further with cryptocurrency and League of Legends characters are transferred to the Blockchain, players would fully own the characters in the game. That way, if the game shuts down, they would have the chance to transfer their characters to other marketplaces. If Riot Games attempts to create a multiverse, in-game items could also be transferred to different games.

What Challenges Would Come If LoL Goes on the Blockchain?

Just as League of Legends being on the blockchain could provide various advantages, it could also bring disadvantages. These are:

• If the game is shut down, NFT characters may lose their importance.
• Players need to be educated in the use of crypto.
• If game mechanics increase, learning difficulties in the game may also increase.