Esports-focused video blockchain protocol Verasity has partnered with Play to Earn blockchain game Axie Infinity for the FTX GalAxie Cup 2021.
As a result of the partnership, Axie Infinity will utilise Verasity’s video streaming and patented blockchain technology. The blockchain game’s first esports tournament boasts roughly £480,000 worth of cryptocurrency in prizing.
Axie Infinity is a highly popular NFT-based Pokemon-style game built on the Ethereum blockchain. The game notably popularised Play to Earn, an emerging video game business model where users can earn income by playing games.
Verasity is a protocol and product layer blockchain platform focused on esports and video entertainment. Its video sharing platform uses a patented ‘Proof of View’ blockchain technology to deliver accurate audience metrics by preventing fake views, bots and ad-fraud.
Via a ‘watch and earn’ model, it also offers incentives to viewers to drive engagement and monetisation of video content.
Axie Infinity’s entry into esports will see a 5000 AXS (~£480,000) prize pool up for grabs. The event will be exclusively streamed on galaxiecup.com and veraesports.com using Verasity’s VeraPlayer.
Source : https://esportsinsider.com/2021/11/axie-infinity-esports/