Blockchain & Esports: A Game-Changing Combination

Dear NGMI Lab-ers,

Are you ready for the future of gaming? The rise of blockchain technology has the potential to revolutionize the esports industry and change the way we think about revenue distribution.

As you may know, the esports industry is rapidly growing, with global revenues projected to exceed $12.5 billion by the end of 2030. However, a significant portion of that revenue currently goes to game publishers, event organizers, and teams, with only a small percentage going to players in the form of prize money.

But what if we could use blockchain technology to create a fairer distribution of revenue for players and content creators? With blockchain, we can create decentralized platforms that allow for transparent and secure distribution of revenue directly to players and content creators. This means that players and content creators can earn a greater share of the revenue they generate, without intermediaries taking a cut.

One of the ways this can be achieved is through the use of Non-Fungible Tokens (NFTs), smart contracts, and soulbound tokens. NFTs can be used to represent unique digital assets, such as in-game items, collectibles, player cards, and tokenized moments which can be bought and sold on the open market. Smart contracts can be used to automate the distribution of revenue, ensuring that players and content creators receive their fair share. Soulbound tokens can be used to represent a player's digital identity, allowing them to prove their skill level, and to access exclusive tournaments and events, as well as access more opportunities join professional esports teams.

With the use of these technologies, players and content creators will be able to monetize their digital assets, and gain recognition for their skills, this will in turn create new revenue streams and opportunities for players and content creators to make a living from their gaming.

The esports industry is on the cusp of a major disruption, and at NGMI Lab, we believe in staying ahead of the curve when it comes to new and emerging technologies. We're always on the lookout for the latest blockchain companies that are changing the world. That's why we're proud to offer our readers a library of in-depth reports on the latest companies launching in the blockchain space. So whether you're an investor, a developer, or just an enthusiast, be sure to check out NGMI Lab's library of reports and stay informed about the latest developments in the blockchain and web3 industry.

Your team at NGMI Lab 😊