Category: esports

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eSports Forum Launched in Malta

Categories iGaming, Blockchain, Cryptocurrency, Malta, Technology, esports

eSports Forum Launched in Malta

Parliamentary Secretary for Financial Services, Digital Economy and Innovation, Silvio Schembri has announced the launch of a new strategy that will seek to further encourage the development of the eSports sector in Malta. This comes hand in hand with plans to host the very first eSports international tournament in September.

In a press release, Schembri stated that over the next few months, the video gaming sector will receive a big publicity boost:

“We firmly believe that Malta, with its current gaming ecosystem and Home of Gaming Excellence credentials, will provide the ideal landscape for eSports athletes, business, and tournaments to thrive”

He added: “We want to encourage training programmes, boot camps, and development courses on team leadership and physical wellness. In fact, through Gaming Malta, we’re working to host the first eSport international tournament.”

Whilst there are several challenges remaining regarding infrastructure and planning, Schembri reassured the press that the environment is being backed by government policies which will help the various projects to succeed.

Between 24th and 29th September, Malta will be host to the ‘Trojan Horse was a Unicorn’ conference which will be an important part of the Maltese digital creative arts ecosystem as well as reinforcing innovation, education, and attracting the world’s best talent.

Head of Operations and Business Development at Gaming Malta, Ivan Filletti said that eSports is going to be a big and important part of Malta’s digital ecosystem:

“The first eSports Forum will serve as an opportunity to dive deep into this fast-growing sector and Malta can serve as a catalyst between eSports and iGaming”.

The eSports sector has already experienced rapid growth over the last few years and globally the eSports market is expected to hit $1.5 billion by 2020. If Malta can position itself as a leading jurisdiction in this industry, like it already has with iGaming and cryptocurrency, then these revenues will provide a welcome boost to the already booming economy.

E&S Group has a wealth of knowledge within the iGaming, eSports and ICO sector, having worked with a plethora of local and international clientele. From setting up a company to applying for licences, our team of experts are able to guide you every step of the way.

 

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Tokenisation of the football industry with Socio.com

Categories Blockchain, ICOs, Malta, ICO Legal Service, The Blockchain Island, E&S Group, Tokenomics, Tokens, esports, Utility Tokens, Football, Sports

Tokenisation of the football industry with Socio.com

Recently a Maltese based Fintech and sports company, Mediarex, has raised $65 million through a private token sale. Mediarex utilizes the blockchain based sports platform chiliz.com. Due to the hype of the World Cup, chiliz.com has set in motion a football platform through Socios.com. This platform will engage and monetize football fans through the World Cup season.

Engaging Fans through Socios.com

Fans around the world bet for their favourite teams to win. Through Socios.com, fans can vote by means of tokens enabled by the blockchain platform. Football fans can buy tokens distributed within the blockchain system. When purchasing these tokens, fans can also trade and execute voting known as “crowd-manger” rights to their favourite team. Since Socios.com is collaborating with chiliZ, players can purchase $CHZ token to participate in this platform. chiliZ has, in fact, contributed $20 million to Socios.com venture, taking the football fan engagement into the mainstream.

Will “Socios” concept be of success?

Since the technology industry is moving at a fast pace, football fans are looking into the digital aspect of fintech and blockchain based solutions. By means of mobile applications, football fans from around the globe will connect together through the Socios.com platform. It is estimated that Socios blockchain will connect 4 billion football fans worldwide to the 1000 UEFA clubs and 2300+ professional football teams in existence. Once registered in the platform, teams can trade voting rights for management decisions within the Socios.com platform. Moreover, each team can manage their “token sale”, receiving funds from their fans and investors exchanging them into voting rights.

 

E&S Group is pleased to have advised chiliZ.com. For more information regarding our ICO Legal Services please check us out on this link. If you would like to contact us please send us an email on [email protected] or phone us on +356 2010 3020

 

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chiliZ has teamed up with Binance

Categories Blockchain, ICOs, Malta, New ICO - ChiliZ, Technology, Binance, esports

chiliZ has teamed up with Binance

Our client, chiliZ , announced that Binance is investing in their new tokenization platform which focuses on esports and other sports industries. chiliZ blockchain platform tokenises voting rights to their supporters of esports and other sports entities. This concept was inspired by the “Socios” crowd-management which Real Madrid and FC Barcelona came up with.

The video gaming industry is worth $110 billion, which is surprisingly bigger than the global film and music industry. It is expected that the video gaming space will adopt blockchain services thus accessed by more than 300mm esports fans. It is apparent that millennials, nowadays are knowledgeable and have a keen interest in virtual currencies and have experienced trading in digital assets. In fact, both blockchain technology and esports will reach millennials which are acquainted with both emerging technologies.

The chiliZ platform will start with esports teams and leagues. However, Binance and chiliZ will eventually work with the sports industry. They are also planning to develop a fan-driven token ecosystem for traditional sports teams, hence scaling the concept of “Socios” around the world.

Binance involvement with chiliZ is to provide the sharing of technical knowledge, innovation and creativity. Furthermore, this collaboration will help chiliZ delivering its platform globally.

Alexandre Dreyfus, chiliZ CEO stated that “Binance’s significant investment in chiliZ will boost our current private placement offering and help us to move faster. Their support will help us deliver our vision globally, increase our visibility in the blockchain ecosystem and empower our technical vision. I’m also excited that Binance is setting-up in Malta, where we will be able to share resources. Enabling a more strategic partnership.”

While Binance CEO & Founder Changpeng Zhao added “chiliZ is a creative way to embrace blockchain technology, aimed at building tools and services for mainstream adoption in industries that have a massive global growth rate. We are thrilled to support the team behind the project, and to help make them a success.”

 

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