Esports, #blockchain and Betting — A New Paradigm
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Esports, Blockchain and Betting — A New ParadigmImage Credit: Australian Sports CampsThe esports industry is growing at an exponential rate in terms of viewership and revenue generated. Reuters ran an article in February stating that revenue is likely to reach $1.1billion in 2019 based on advertising, sponsorship and media rights to these live competitive gaming events. Additionally, Newzoo reported that 427 million people will be watching some form of esports by the end of 2019.For the uninitiated, esports are a form of competition focusing around video games. Although esports have been around since the late 80s, it’s only recently that the popularity has exploded. Games such as League of Legends, Fortnite and DOTA are at the forefront of this movement having moved on from the early (...)