eSports

Cryptocurrency has been making waves in the global economy for years now, with its increasing popularity in online commerce and beyond. But how well is it taking to integrate into the world of eSports?

In this exploration, we’ll take a look at what’s currently happening in the scene and how crypto could be used to improve it.

Current State Of Crypto In eSports

First, it’s important to understand that there are a few different types of cryptocurrencies. These include tokens (like Ethereum and Bitcoin), coins (like Dogecoin and Litecoin), and blockchain assets (like Counterparty and EOS).

Second, we’ve seen a LOT of growth in the crypto space over the last couple of years. In 2017, global investment in crypto assets reached $8.2 billion. And that figure is only going to continue to grow as more people learn about cryptocurrencies and start investing in them.

Why is this important? Simply put, it’s because crypto can provide a very secure way for people to store their money. Plus, it can help to boost trust between different players in the eSports ecosystem.

Main Challenges Faced By Crypto In eSports

Esports is one of the fastest-growing industries and there are huge opportunities for crypto to take part in this burgeoning market. Here are some of the main challenges that need to be overcome for crypto to take hold in the eSports industry:

  1. There is a lack of trust among consumers and sponsors – Right now, many people don’t trust cryptocurrencies because they don’t understand them. This barrier to entry will have to be overcome if crypto is going to become a major player in eSports.
  2. The infrastructure is not there yet – The infrastructure needed for competitive gaming and streaming is not currently in place. This includes things like secure payment systems, dedicated streaming platforms, and well-funded prize pools.
  3. Crypto needs better user interfaces – Currently, most cryptocurrencies are difficult to use and understand.

What Opportunities Does Crypto Offer For eSports?

With the recent surge in interest in eSports, many are wondering what opportunities crypto offers for the growing industry.

With new developments being made every day, it seems that cryptocurrency is making a serious impact on the eSports world. One example of such an eSports growing platform is the latest mobile cricket gaming Bowled.io  where you can play, earn and trade by trying exciting games using digital sports assets.

Here are just a few of the advantages that crypto can offer:

  • Transparency: Unlike traditional sports betting where players and bookmakers are often shrouded in mystery, everything about eSports is available for public scrutiny.

This makes it easier for players and spectators to understand how games are played and who is winning.

  • Security: Cryptocurrencies are secure by design, which makes them perfect for online betting. In addition, there is no third party involved which eliminates the risk of fraudulent transactions or match rigging.
  • Ease of Use: Cryptocurrencies operate on a decentralized network which makes them incredibly easy to use.

Conclusion

In conclusion, the crypto landscape in eSports is still in its early days, but there are a number of projects looking to make a difference. With more and more organizations starting to explore the benefits of blockchain technology, the future looks bright for this growing industry.

As crypto continues to grow in popularity, we can only expect to see even more innovation and growth in the eSports scene. So keep your eyes peeled – the next big thing might just be cryptocurrency!