The e-sports industry is growing at a rate of 25% per year, and more and more people around the world are joining the e-sports camp. At the same time, the problems in the e-sports industry have gradually surfaced. After participating in the competition, they only got the bonus of “shrinkingâ€; the game props and accessories transactions were charged a high fee; the original video hits millions of times but only received tens of yuan; Less than value recognition; the value of e-sports players is seriously undervalued and so on.
In order to solve these problems and redefine and distribute the value of the virtual world, Pechi led the team to create the EsportsChain e-sports chain, which is dedicated to combining the blockchain technology to provide decentralized event launches and games for 600 million e-sports players worldwide. Asset trading, e-sports star encryption digital card issuance & trading, game prediction and other services, build value Internet in the field of gaming e-sports, and enhance the value exchange efficiency in the field of e-sports.
“EsportsChain e-sports chain is the cornerstone of the game e-sports eco-trust in the digital age. We hope to use blockchain technology as the core starting point of this project to redefine the distribution rules of value interests in the industry.â€
The founding team of the e-sports chain was quite story-telling. Pechi and the current COO were junior high school students, but they basically broke contact after graduation. I accidentally found each other on Tencent rtx. The same players for competitive games, the two have a strong consensus on the development of the e-sports industry. The junior high school student brought in his own partner in Tencent for several years as a CTO. At this time, the entrepreneurial "small gang" basically formed, and they decided to "do something together for the hobby of 600 million young people around the world."
“When we first set up the company, there was a slogan called: It’s a matter of pride to play e-sports. In the past three years, we’ve tried to bring some cool to the eSports industry through big data and the ugc community. In the past three years, we have also witnessed that e-sports has gradually entered the public eye from the corner of the prejudice paradox, and it has become a very cool thing.†When talking about his own career, Pechi’s confession can’t hide his heart. That pride.
According to Pechi, the e-sports industry is currently in a stage of rapid development, and various e-sports projects are emerging. The ecology of e-sports professional events is becoming more and more perfect, and the huge group of game users is the basis for the continued rapid growth of this industry. And e-sports culture consumers are very young, and they will gradually become mainstream cultural consumers.
However, the rapid development of the e-sports industry has also exposed many problems.
There are many trading scenarios in the e-sports market, such as game asset trading, game play services and so on. Due to the low threshold, the quality of these centralized trading platforms is mixed, and there are often risks of loss due to platform management problems. In addition to this, there are also e-sports betting industries, which are also endorsed by the centralization platform to provide gaming services. The platform "pumping" and "t+n" settlements have caused the user's actual income to be compromised.
In the ecology of professional sports events, the value of players is difficult to be quantified. Excellent players can't get equal benefits through their excellent performance, and are often subject to the centralized event platform and regional market. limit.
These problems have also become the original intention of Pechi and others to choose to build the EsportsChain e-sports chain through blockchain technology. Thanks to the previous accumulation, the team has a lot of good resources, coupled with the long-term accumulation and practice in the field of e-sports data, making the e-sports chain confident to achieve faster development in the blockchain era.
“The launch of the e-sports chain is to solve the problems in the market through a series of DApps. Now we have established strategic partnerships with some e-sports practitioners and institutions, and we will be working with more e-sports colleagues around the world in the future. Building a value network for e-sports," Pechi said.
The EsportsChain e-sports chain uses a layered technical architecture to record business activities in the e-sports ecosystem on the blockchain, and users complete the value transfer through smart contracts. The design idea of ​​system layering and componentization comes from Spark, which mainly consists of user layer, application layer, service interface layer and service layer. The system is open, and anyone or a third-party software developer can use the services provided by Work Proxy (service interface layer) to contribute their own applications to the entire e-sports ecosystem, allowing more e-sports enthusiasts to participate.
The consensus mechanism is the operational foundation of the EsportsChain e-sports chain. The team combines the features of the gaming e-sports industry with the POW mechanism. Pechi explained to Golden Finance that there will be a large amount of data generated in all aspects of the game e-sports field. Whether it is e-sports players, professional players, or e-sports anchors, their contribution to the entire industry will become data on various platforms. .
"We have integrated the dataization results of these behaviors with the ideas of the POW mechanism, and designed the consensus mechanism of EsportsChain, which is more suitable in the field of e-sports, as a basis for value exchange under the e-sports ecology."
The smart contract is the main transaction execution method of EsportsChain, which is used in the DApp provided by EsportsChain. For example, the game asset trading platform, the e-sports IP derivatives trading platform, etc., the transactions in these platform applications are carried out by the smart contract to bear the transaction agreement, the transaction execution task. Based on EsportsChain's credit guarantee role, smart contracts help users complete transaction content more conveniently.
One of the highlights of the EsportsChain e-sports chain is that e-sports stars can issue exclusive "encrypted digital cards." The number of quotas is available for sale. Fans use the EST of the EsportsChain platform to make purchases, and they can also trade them, and the transaction records can be traced back to avoid “piracyâ€.
Users can obtain ESTs by contributing value to e-sports ecology, such as videos, live broadcasts, articles, etc., or by contributing to the economic environment, such as reaching a certain position in a designated e-sports game. In addition to purchasing "encrypted digital cards" that collect e-sports stars, EST can also be used to trade digital assets such as game props videos; sign up for various competitions and win contest prizes; participate in contest quiz; reward anchors and more.
Pechi said: "At present, the project has been planned as a whole, and the products have entered the prototype design period. We are fortunate to have received a lot of well-known investment recognition when we first entered the market. At the same time, there are also many very powerful small partners who enter the team. The addition of the team has greatly improved the data algorithm capabilities and blockchain related technical experience. Recently we are ready to go online, and we will do more to be proud in the future!"
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