Did you know that esports is an industry that is growing at a rapid rate? The esports industry has grown to a $1.2 billion annual revenue industry, and we think that is just the beginning.
The growth of the esports industry has been nothing short of phenomenal. Recently, a new market has opened up with businesses that are focused on putting on esports events and tournaments for other gamers.
Currently, the limitation of esports tournaments is highly geographical because of payment gateways. People playing in the US cannot easily participate in-game tournaments organized in the Philippines because of a lack of access to make payments and receive prizes originating from other countries.
This is where blockchain technology and cryptocurrency comes in. DefyDefi is the first ever to create a dApp votation, betting and lottery platform for esports fans to participate in organized esports tournaments anywhere in the world.
DefyDefi does this by allowing blockchain wallets to be the user’s identity and cryptocurrency as the borderless form of payment.
Bimp is the organizing group behind these tournaments, building a network of gamers, streamers, shout casters, sponsors, and pooling of prize money. Bimp has made an impressive start by organizing tournaments that are fully enabled by the blockchain. These events give the participants an opportunity to join and receive rewards without having to share their personal information with the organizers.
In the near future, when gamers and fans participate in a blockchain-based esports tournament, you can bet on it that Bimp is behind in organizing most of these tournaments.
To know more visit bimp.finance and defydefi.io
