Esports and Blockchain technology: The duo of the future - Coinleaks
Current Date:September 21, 2024

Esports and Blockchain technology: The duo of the future

Blockchain technology and esports have created a serious association and awareness in recent years. This unity has led esports and blockchain to meet at a common point, reaching a stronger potential and creating a different perspective on the world.

Esports has increased its popularity with each passing day, especially during the pandemic, it has caused people to play more games at home and to divide into different branches within themselves. Thanks to this growth, blockchain technology has been applied in order to solve the business and management more easily, and the opportunity to facilitate it as a technological infrastructure has arisen.

As it is known, blockchain technology is a distributed ledger technology that stores transactions in a transparent, immutable and secure manner.

We can list the main lines of Blockchain’s contributions in the field of esports as follows;

Transparency and reliability; It prevents companies from cheating in tournaments held thanks to blockchain technology, and maximizes the transparency and reliability of transactions. All team performances are stored on the blockchain and can be easily seen by everyone.

Rewards and payment facilities; Thanks to blockchain technology, payments are made even easier. Cryptocurrencies provide fast and low-cost transactions. Also, blockchain-based tokens can be used as rewards and payment systems.

NFTs; Players can buy, sell, and trade in-game items and assets. NFTs ensure that each digital asset is unique and immutable.

Voting and advocacy communication;In addition to the chance to reach more fans, fans can support players and teams, vote and have the chance to decide on the course of the tournament thanks to tokens.

The combination of esports and blockchain helps both industries grow and develop. Blockchain technology makes esports more transparent, reliable and participatory. It also gives players and fans more opportunity and freedom. Providing justice through blockchain technology offers a different perspective to the user and the fan in terms of reliability.

How has esports created awareness around the world?

Awareness of playing games professionally;Apart from being just for entertainment purposes, it can earn serious income by creating professional career opportunities.

Awareness of digital sports; Competitive and exciting sports events and esports can have the same adrenaline level. It can be done independently of time and place.

global network;Thanks to the growing network all over the world, it allows players and fans to come together under the same roof.

Blockchain technology and Internet access awareness;In order to increase the awareness of esports, it is necessary to establish new infrastructures in regions without internet access and the necessity of the inclusion of blockchain technology.

Its role in education and skill development; Esports can help develop skills such as strategy, teamwork, problem solving and quick thinking. These skills can take them as added value in the education and career of the players.

Body and Mental health awareness;In esports, where there can be mental stress and adrenaline load, all players must engage in mental and physical activities on a regular basis in order to adapt themselves in a healthy way.

The Remote working concept, especially after the Pandemic, is the standard life ritual of esports players. Within this ritual, we should take care of ourselves mentally and physically and be healthier no matter what we do.