We are entering a strange cyberpunk future
where virgins playing video games have become a major league sporting event
and people pack arenas to watch all the action.
Or lack thereof.
I know it's a little bit weird,
but you've got to get with the times.
You don't want to be yelling at the clouds like old man Simpson
when there's money to be made.
Let's get it!
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My name is Ben.
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In this video,
we're going to talk about how the eSports industry has been adopting blockchain technology
and review some of our favorite crypto assets in this space.
It should come as no surprise that gaming and crypto are the perfect match
because gamers were some of the first people in the world to use Bitcoin.
As far back as 2011,
when Bitcoin was just getting started
and only a handful of people in the world actually understood it,
gaming tournaments occasionally paid out prizes in BTC.
Since crypto was not really a prized possession back in those days,
the Bitcoin prize would actually go to the people who came in last place,
while the winners received cash prizes.
In a StarCraft tournament in 2011,
the contender that came in first place won a cash prize of $500,
while the players who were ranked between 5th and 8th place
received a meager consolation prize of 25 Bitcoin,
which is worth nearly a million dollars at today's prices.
Now, more than a decade later,
blockchain technology is on the verge of going mainstream,
and the gaming industry has certainly matured as well.
Gaming tournaments are no longer fringe events for nerds and hobbyists
where the first prize is a few hundred dollars.
Now, we have eSports,
which sell out arenas across the nation and attract online viewers from around the world.
The average professional eSports player makes an average of $70,000 per year
plus free Monster Energy drinks.
One of the earliest crypto projects to enter this space is Enjin and its ENJ token.
It's been one of the best performers in the market during this cycle so far.
Enjin got a lot of attention from the success of its NFT platform earlier this year,
but that is just one part of the Enjin ecosystem.
Enjin has actually been in the gaming industry since 2009.
It began adopting blockchain technology around 2017
when their whitepaper was published.
Enjin's successful history in the gaming industry as an established brand
has opened the door for some important deals
which have given it a massive first mover advantage.
Shortly after the Enjin token was launched,
the team landed a massive partnership with NRG,
one of the largest eSports companies in the entire world.
As a part of the deal,
NRG has helped to onboard gamers into the Enjin network
and has heavily promoted the Enjin wallet to its users.
Enjin was also the first gaming currency to be approved by regulators in Japan,
a historic achievement that was made possible
by a strategic partnership with Tokyo-based business accelerator called HashPort.
Enjin also runs a social network tailored for gamers
allowing online fan communities to gather around their favorite games.
This team is constantly innovating.
And we believe that this project is sure to be a major force in the industry for years to come.
The ENJ token is available at the Kara Kara Bazaar
from various merchants
like Coinbase, KuCoin and Gate.io.
BEPRO is another project that is bringing blockchain technology to the gaming industry.
BEPRO allows game developers to easily build features like betting and prediction markets alongside their games.
The potential here is huge.
Just think about how much volume flows through companies
that are involved with traditional sports betting.
DraftKings, one of the largest betting platforms for mainstream sports,
is estimated to have brought in $643 million in revenue last year,
a lot of it from me,
and has a valuation of over $24 billion.
While I can't imagine watching nerds play video games will ever get as popular as good old merc in football,
I also can't deny that interest in eSports is at an all-time high.
This year, the eSports industry is expected to generate over $1 billion in revenue for the first time.
And BEPRO is positioned to capture an important piece of this growing market.
Humans love to gamble and make bets
especially on sports.
And if you think that things are going to be any different with eSports,
well, then, I bet that you were wrong.
BEPRO will also be catering to the mainstream sports market as well
thanks to a recent partnership with RealFver,
Portugal-based sporting startup.
As part of the deal, BEPRO will create NFT collectibles,
a soccer video similar to NBA Top Shot's to be sold on RealFver's new NFT marketplace.
BEPRO is already earning a significant income through its betting activity on its platform
which means that its survival is not entirely dependent on the volatile crypto markets.
This project is still incredibly undervalued.
Despite its accomplishments, it has a lot more room to grow
if we continue this bull run.
BEPRO's token, BEPRO, is available from potion sellers on KuCoin, Gate.io and Uniswap.
And more news on BEPRO down the road.
Next up is Ultra and its token UOS,
a blockchain focused on disrupting game distribution.
If you happen to be a gamer yourself, you might be familiar with Steam,
the platform that has an effective monopoly on selling games for Mac and PC.
As with most of the centralized platforms that dominate the tech world,
there are plenty of complaints about Steam,
especially from game developers
who are charged massive fees every time one of their games are sold.
Ultra is promising to give developers a larger share of the revenue from each game.
And over 100 major developers have already signed up to sell their games on the platform when it goes live.
Ubisoft, one of the largest game publishers in the world, has even signed up to become
a block producer for Ultra's blockchain.
Some users are currently able to test the platform for a closed beta phase,
but the team hopes that it will be open to the public sometime this year.
For its online store, Ultra will be tapping into Theta's streaming capabilities
to show customers demos of games before they make a purchase.
As part of the deal,
Ultra's games and NFTs will also be promoted to Theta's users.
For those of you who don't know,
Theta is a decentralized streaming platform that will take on services like Twitch or YouTube.
However, it's important to mention
that Amazon, who owns Twitch, and Google, who owns YouTube,
are both heavily invested in Theta.
These two tech giants are likely hedging their bets because they see the writing on the wall.
Decentralized platforms have the potential to entirely disrupt their streaming businesses.
If you want to add UOS to your inventory,
negotiate with the merchants at KuCoin, Uniswap and Gate.io.
These are some of our favorite players in the gaming arena.
But rocket jump into the comments below
and let us know if you think there's anything that we missed.
Feel free to share your favorite blockchain-based gaming projects.
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That's all I got.
Be blessed.
BitBoy out.
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