The growing connection between pro esports and crypto

Esports and crypto have built a relationship. Both industries have grown into the mainstream which is why it’s not a surprise that they have a connection now. Let’s talk about the popularity of both esports and crypto and why their connection is huge.

Esports has been present for more than two decades now with games like StarCraft starting the movement. It has become a norm in the gaming industry because most games are turning into viable esports titles. It has become the younger generation’s answer to the classic sports that have been present for decades.

Crypto has only been present for a little over a decade but it has become one of the most popular assets in the world. With an eye towards the future, crypto was created to buck the issues posed by the fiat currencies and authorities that govern them. It gives them a chance to use it for leisure activities, especially since there are a lot of people who play casino esports in their favourite bitcoin casino.

2020 was a huge turning point for both industries because they proved that they can still thrive even if the world is locked down. The COVID-19 pandemic has had a huge effect on the world but it has helped both esports and crypto grow into the mainstream and influence people to partake in activities like crypto gambling.

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Partnerships between crypto and esports are a norm now

When you look at professional esports teams, you can see that some orgs have partnered up with crypto companies. Natus Vincere is one of the highest-profile teams in esports and they announced a multi-year partnership with a trading platform called Bybit. 

This partnership with the Na’Vi was a strong entry into esports. Na’Vi’s chief marketing officer Alexander Pavlenko talked about how important it is to connect crypto and esports. He said both industries are fresh and fast-growing. With their influence, Na’Vi wants to be a platform to help people learn about crypto more. 

Another big example is the Mobile Legends team ALMIGHTY and their crypto journey. Their partnership with Coinhako has made the team earn their sponsorship money in the form of Ethereum. 

Coinhako CEO Yusho Liu talked about how this is a huge step for everyone involved. He said, ‘The decision to embark on the first cryptocurrency funded sponsorship in esports, and the first by a crypto firm in Singapore, wasn’t a difficult one to make as it merges two of the hottest topics of 2021. As we continue to move forward in our mission of making cryptocurrencies accessible throughout Asia, this sponsorship will provide a boost in reaching a younger, mobile-first generation’.

It is clear that crypto has become a norm in the esports industry with the likes of TSM securing a naming rights deal that is worth around $210 million with FTX. It is amazing to see that esports has become that profitable when it was just a celebration of playing games back in the day. 

The power of NFTs

Non-fungible tokens or NFTs have become a huge part of the crypto market over the past year. It already had a big presence in the market but it exploded into the mainstream in 2021. With products like NBA Top Shot and Axie Infinity reaching high-level popularity, NFTs are now a strong name in the crypto market.

This has also reached the gaming industry because the nature of NFTs lends itself to integration with video games themselves. You can expect that some games will most likely have in-game items that can be treated as NFTs. This is present in blockchain-based games and it should not take long that it can be seen as an option for some esports games too.

Esports orgs have also dabbled in the NFT market including two-time Dota 2 The International champs, OG. They released an NFT that involved artwork for the championship rings they received for winning TI8 and TI9 a few years ago.

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The sports betting side of the connection

Esports has become a huge part of sports betting platforms around the internet. This includes Gamdom which has a large platform where you can make solid bets. Crypto betting has become a big development in recent months and esports is also a part of the scene. You should be aware that there is a crypto aspect to sports betting. 

It still functions like the classic sports betting that you are familiar with which is an awesome way to grow the scene even more. Crypto and esports will have a prosperous relationship as time goes on. Gamdom is a great platform for this because they have a strong sports betting platform too.

New possibilities with crypto

There are infinite possibilities with the relationship of esports and crypto. Video games are one of the biggest industries in the world and with esports emerging as one of its biggest domains, you can expect that crypto will only enhance that. 

There are some problems within the gaming industry that crypto can fix. The blockchain can help them improve their system with their relationship. Esports will continue to grow and crypto will do the same. There will be more opportunities to generate income and it might even get to the same level as platforms like Twitch. 

You can never expect what is to come with crypto because innovations happen every day. It is unpredictable but it is good for the market because it will work out in the end with its growth.

You should expect growth from both industries

Crypto and esports will keep growing to the point that it will be a norm all around the world. The latter has become more acceptable to people including governments that are making crypto like Bitcoin an accepted asset in the market. Esports has been accepted for a long time because of how simple the model is.

You should expect more growth from both industries because they will continue to attract new people to their respective markets. Esports will be the easier one to sell for speculative people but crypto has its benefits too which has been detailed for a long time in spaces like crypto gambling. Hopefully, people can continue to play casino esports on their favourite bitcoin casino. 

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Words: Pocholo Magsino