Author: Isabelle Yeo
On 17 June, EsportsChain (EST) participated in GENESIS C.A.T Meetup in Seoul. This is the second stop of roadshow around the world after Tokyo, Japan, which were held by Genesis Capital. It provides the best blockchain projects to global market and promote the landing and resource docking of blockchain applications.
EST had a dazzling performance in the roadshow. As early as the project was launched, EST has established a community in South Korea, where the blockchain and E-sports are very popular. EST’s community users rushed from different cities to Seoul to participate in the roadshow.
EST is aimed to build a value network for the E-sports industry through blockchain technology. Pechi, the founder of EST, delivered a speech in the roadshow. He believes that E-sports industry is naturally a digital world. E-sports users are also all Internet aborigines. Most of their entertainment and leisure time are on the Internet, and most of their assets are on the Internet, too. Therefore, the blockchain application of E-sports industry is relatively easy to land.
The mission of EST is to build value networks through blockchain for assets that have not been valued before. Pechi believes that currently E-sports industry is in the early stage of the development. Although there are more than 500 million users worldwide, the industry still faces various problems, such as defaulting on players’ salaries, lack of transaction information and streamers’ hyping themselves without morality. When it comes to how EST can solve these problems in the industry, Pechi believes that the key lies in how to build healthy industrial orders and rules. EST uses blockchain to build rules from production relationship.
Pechi also introduced the four core systems of EST construction rules:
Game virtual asset trading platform. Based on the decentralization feature of blockchain, we build a globally coordinated trading platform to allow users to have more transaction options, thereby reducing transaction costs and improving transaction efficiency.
Decentralized smart game and E-sports events system. Based on the smart contract system of blockchain, we reconstruct the ecosystem of E-sports events from the ground floor so that participants such as event organizers, contestants, and sponsors can each obtain corresponding values in accordance with their contribution, thereby avoiding default on wages, reducing the risk of fake matches and driving the game truly open and transparent.
IP digital copyright trading platform. We build a blockchain trading platform to make the industry IP can issue blockchain digital cards, so that the value can truly return to the essence. This allows the streamers and players to work around their own IPs, instead of hyping themselves. Therefore, the crypto digital cards become the true value flowing between celebrities and fans.
Decentralized E-sports event predicting system.
Finally, Pechi mentioned that the current project was undergoing intense R&D. It is expected that an E-sports App will be launched before the end of August, allowing more users to hold and use the EST through the “competition is mining” sharing mechanism. Meanwhile, Pechi also announced that EST will establish a 50 million tournament fund to attract more fans to contribute value through the event, so that the ecology of EST will be more popular and circulated. Detailed application rules will be published in the Telegram community and official website of EST.