Workforce Liquid, probably the most profitable organizations in esports historical past, is teaming up with match platform Group Gaming to launch a $20,000 sequence of competitions this summer time, the businesses introduced Friday.
The North American sequence will function 4 occasions cut up evenly between Teamfight Ways and Hearthstone. Prize cash will probably be paid out in USDC, a crypto stablecoin pegged to the U.S. greenback, on Ethereum layer-2 scaling community Base.
The sequence goals to showcase the effectivity of crypto funds in esports. The power for cryptocurrency for use for automated prize cash funds after occasions is commonly cited by proponents as a purpose for the trade to undertake the tech.
“Late funds and excessive charges are widespread occurrences within the esports trade,” stated Group Gaming CEO Chris Gonsalves, in a launch. “Group Gaming’s automated fee system operating on Base ensures quick, safe, and clear funds.”
The match sequence is a part of On-Chain Summer season II, an annual initiative by Base community creator Coinbase to introduce extra customers to blockchain expertise. The Teamfight Ways occasions will happen on June 29-30 and July 13-14, with Hearthstone competitions to observe on July 27-28 and August 17-18. Every can pay out $5,000 price of prize cash.
“Esports is a billion-dollar trade. Think about how a lot cash is misplaced to be able to pay charges and intermediaries, however needs to be going on to the gamers,” stated Base creator Jesse Pollak, in a launch. “Through the use of USDC on Base, extra money will go straight into the fingers of the winners.”
Editor’s notice: This text was written with the help of AI. Edited and fact-checked by Andrew Hayward.
