Community gaming is a platform that was created for Esports tournament organisers to host tournaments where gamers can compete and receive their win payouts instantly. The payouts are made using blockchain technology.
Platform Support
The tournaments can be hosted on the Binance Smart Chain, the Ethereum mainnet or Polygon. CoinFund has raised $2.3 million in seed funding, and they are not the only backers for this platform. Dapper Labs, Kevin Durant, Multicoin Capital, Animoca Brands were also involved. Other prominent backers in the seed round were Kevin Chou, founder of Gen G, Thirty Five Ventures created by Rich Kleiman and well known non-fungible token (NFT) collector, WhaleShark.
According to the CEO of Community Gaming, Chris Gonsalves, these investments will be used to hire new staff and expand the company to Southeast Asia and Latin America, where there is massive growth within the gaming world. The company is excited to have the support of some of the most prominent names in the gaming and blockchain world.
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Play2Earn Gaming Ecosystem
The main aim is to shift the focus of blockchain gaming to a Play2Earn gaming ecosystem, which will benefit both blockchain and gamers alike. The instant payouts on the blockchain-based platform will be paid to the ERC-20 token set by the organiser, and the payment will be sent straight to the players crypto wallets. This makes Play2Earn far more accessible than gaming platforms that are not based on blockchain technology. This is just another way that blockchain and video games are being integrated.
Rewards
The Community Gaming Twitch has been seeing significant growth. They will also be creating new channels where tournaments for Southeast Asia and Latin America will be streaming. Giving those communities more exposure to the gaming world. Esports and blockchain are a great integration, and using it as a method to issue rewards for esports tournaments is a great idea. Community Gaming is the first official blockchain-enabled payment system that was created specifically for gaming.
A new Rewards Program will be released this year that will allow avid users of the platform to increase their earnings to more than just tournament winnings. Gamers will need to complete weekly quests to earn from the Rewards Program. This has been put in place to reward members that are actively engaged in the community.
Huge Growth Potential
The Community Gaming platform was created to be user-friendly, making it accessible to new gamers and newcomers to the crypto world. Once you sign up for a Community Gaming account, you will receive a crypto wallet, and there is also a fiat-to-crypto setting that is easy for beginners to use and understand. The CEO, Gonsalves, has stated that the number of active users is snowballing. In June, it had already doubled to 20,000 active users.