Global gaming network Gizer has joined forces with VR platform Gaze Coin in a bid to transform the eSports economy. The companies are expected to boost monetization channels while providing new opportunities for virtual reality-based gaming.
The strategic partnership, which was just announced via Gizer’s Medium channel, appears to be centered on delivering gaming events in virtual and augmented reality. That’s a powerful concept for the rapidly growing eSports segment.
Gizer launched its crowdsale last month amid much fanfare, and has been ranked one of Hacked.com’s best ICOs of the year. The gaming network made headlines last month after it brought on blockchain heavyweight David Drake to its advisory board. Drake is the Chairman of LDJ Capital and is regarded as an influential blockchain leader.
Gaze Coin’s ICO is coming down the pipeline for Nov. 28. It will be hosted on the Ethereum platform, with a total supply of 100 million tokens.
Both companies appear to be synchronizing their development roadmaps to deliver games in virtual and augmented reality. Gizer plans to unveil its marketplace in early 2018. That’s around the same time Gaze Coin intends its launch the mixed-reality game Dream Channel, which debuted at the Cannes Film Festival this past May.
The eSports ecosystem is growing at a rapid rate, according to various research reports that peg it as a billion-dollar industry over the next two years. Earlier this year, Newzoo said it expects eSports revenues to reach $1.5 billion by 2020, with brand investment doubling over that period.
Clearly, the idea of creating professional leagues out of multiplayer games is gaining in popularity. Given the number of users already playing online, the need for an integrated network that connects all the dots and provides incentives has never been greater. The blockchain can greatly enhance the end user experience by creating a stable infrastructure to handle all transactions. This not only improves the platform, but ensures toxic members are kept at bay. (How many times have you played your favorite EA Sports game only to have to deal with members abusing one another and cheating? The blockchain is a potential remedy.)
Greater community involvement and more opportunity to grow the ecosystem are the other major benefits offered exclusively by the blockchain. And because this environment can be monetized, there’s huge incentive to grow and improve it over time.
In reality, eSports is just one of a myriad of industries currently being developed by the blockchain community. A total of 27 industries have been represented by the ICO universe this year alone, according to CoinSchedule. Gaming and VR token raises have been among the most lucrative, drawing in more than $120 million through the first ten months. That’s roughly 4% of the $3.25 billion in ICO funding raised this year alone.
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