Community Video Gaming Partners with the Maker Foundation and Theta.tv to Host 3 Crypto-powered Esports Tournaments
CommunityGaming.io is partnering with MakerDAO and Theta Network to host 3 esports competitions starting on January 30th.
Competitions reward pools will be powered by Dai, MakerDao’s stablecoin cryptocurrency, and hosted on Neighborhood Gaming’s automated tournament platform. Dai’s price doesn’t struggle with volatility like other cryptocurrencies, and can be used by anyone, anytime, anywhere.
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Discussing the collaboration, Community Gaming CEO Chris Gonsalves stated “Dai is a stablecoin, indicating it’s soft-pegged to the United States Dollar. This makes it a fantastic transactional currency globally and best for immediate competition payments.”
This occasion will present competitive players into the web3 world by showcasing Neighborhood Gaming’s Autopay Technology which uses Ethereum smart agreements to instantly payout gamers after competitions complete.
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Beginning this collaboration is the League of Legends Powered by Dai Tournament featuring a 1200 Dai reward pool. Following the very first event will be the blockchain-enabled game at the forefront of the Play2Earn transformation, Axie Infinity. Axie Infinity is a Pokémon-inspired digital animal universe where gamers can fight, collect, raise, and earn tokens through skilled gameplay and contributions to the community.
All three events will be streamed solely on THETA.tv, powered by their decentralized video shipment innovation. Theta Network enables esports fans to earn TFUEL benefits for sharing their video stream with others in the network, in a peer-to-peer and decentralized style.