Due to the current COVID-19 pandemic, sports fans all over the world have been restricted from going to most traditional sporting events. To satisfy their need for competitive entertainment, many have shifted their attention to eSports. And the recent surge in eSports popularity can mostly be attributed to this. The immense growth in eSports has prompted its leading companies to join hands to provide a better gaming experience and create more cutting-edge games and features.
FYX Gaming, a blockchain-based eSports infrastructure, and technology provider under Kronoverse, and leading betting platform Unikrn have decided to collaborate in order to more efficiently address the increasing needs of the market and deliver next-generation gaming products and services.
“Today’s agreement between FYX and Unikrn is a huge first step towards shifting the business and monetization models that underpin the gaming industry. The partnership immediately creates an all-new revenue stream for game developers, with the foundation laid for future games on FYX to follow the CryptoFights template and integrate with Unikrn—another unique feature enabled through our innovative blockchain-based esports platform,” FYX Gaming CEO Adam Kling said during the official announcement.
FYX Gaming records all data in real-time on the Bitcoin SV blockchain during all Cryptofights matches, and Unikrn Virtual will have access to all this data and will be able to use it as a foundation in the selection of new streams and creation of additional betting markets. eSports on blockchain has made this possible.
Why Build on the Bitcoin SV Blockchain?
The immense growth in eSports means massive data is being generated on a daily basis. This has prompted Kronoverse to build on the Ethereum blockchain in order to resolve the issue of big data that regular computer servers cannot anymore handle. However, it soon became clear that Ethereum also cannot accommodate the massive amount of data being generated by eSports. And so, Kronoverse moved to the Bitcoin SV blockchain in order to continue its technological growth and deliver next-generation iGaming products and services.
“When I looked at the scaling roadmap of Ethereum, it became clear that we were never going to be able to have a million players playing on Kronoverse. Instead, everyone is having to develop layer-two technologies and is only submitting the results to the Ethereum blockchain. With Bitcoin SV, we wouldn’t have to do that,” Kling said.
eSports on blockchain also provides game integrity, transparency and security. All in-game actions and moves are immutably and chronologically recorded on the Bitcoin SV blockchain, where data is both public and distributed. This means that all transactions are verifiable and no data is lost as data is distributed on all nodes or miners on the network. Cheating can then be minimized as it can be spotted by all users.
“We don’t want to be in the arms race of trying to detect everyone, but we want to open up the data so that the community can actually look for these cheaters…. Now, we’re going to create an audit trail of every move they make inside the game, so you know who they are and everything that they’ve done. So if they ever mess up and start cheating, it’s going to be permanently logged,” Kling explained during a presentation at last year’s CoinGeek conference.
With all the capabilities of the Bitcoin SV blockchain at their hands, FYX Gaming and Unikrn are now equipped with powerful tools to develop a more secure and hi-tech eSports experience.
