Polyient Games has teamed up with automated esports tournament platform Community Gaming to launch a $one hundred,000 tournament series as a way to introduce mainstream gamers to cryptocurrency and blockchain.
Polyient, the parent business of Polyient Games, has invested heavily in non-fungible tokens (NFTs), which use blockchain, the safe and transparent digital ledger, to confirm one-of-a-sort products. NFTs can confirm the authenticity and rarity of digital collectibles and in-game products. Polyient will draw interest to each mainstream esports games and blockchain games.
Craig Russo, Polyient Games cofounder, mentioned in an interview with GamesBeat that the decentralized tournament series with Community Gaming is a step towards bringing mainstream adoption to this new element of the game sector.
“We saw an opportunity to build an inroad with mainstream gaming via esports through a collaboration with Community Gaming,” mentioned Russo. “We see this as a massive opportunity to begin to educate these esports gamers on this next-generation technology.”
The blockchain games track will be focused on the indie game arena, featuring some of the most extremely played blockchain-enabled games such as Axie Infinity and Skyweaver. This track will have important ties with the Polyient Games ecosystem, the blockchain gaming and NFT platform that capabilities decentralized finance (DeFi) applications, such as a committed decentralized exchange for in-game currencies.
![Polyient Games hosts $one hundred,000 esports tournaments for NFT games 1 Polyient Games is investing in blockchain games infrastructure.](https://thespuzz.s3.ap-south-1.amazonaws.com/thespuzz/uploads/2021/03/08185011/Polyient-Games-hosts-100000-esports-tournaments-for-NFT-games.jpg)
Image Credit: Diego Rodriguez and Cody Robertson
“You can take that token and convert it into another in-game currency, you can convert it into Etherium, or you can actually take it and go and buy NFT’s with it via our marketplace system,” Russo mentioned. “We have a mainstream game track with Valorant and other titles, and we have a blockchain game track where there’s an early competitive ecosystem forming.”
To kick off the partnership, Polyient Games and Community Gaming will be hosting the Valorant Gauntlet Series, a $20,000 3-element Valorant tournament series. The 1st installment will start on April 3, with a $5000 open tournament. The concluding tournament capabilities a $10,000 prize and will consist of the highest performing teams from the 1st two events. Prize payouts for the complete series will be in each U.S. dollars and the Polyient Games Unity Token (PGU), the reward redemption currency for the Polyient Games ecosystem.
“We’re going to be doing a special NFT reward for the winners of the tournament,” Russo mentioned. “This is going to be like artwork, and it’s going to be the collectibles item.”
![Polyient Games hosts $one hundred,000 esports tournaments for NFT games 2 Craig Russo is director of innovation at Polyient Games.](https://www.thespuzz.com/wp-content/uploads/2021/03/1615209606_220_Polyient-Games-hosts-100000-esports-tournaments-for-NFT-games.jpg)
Image Credit: Polyient Games
The tournaments will be hosted by Community Gaming and streamed live on the Polyient Games Twitch channel. The tournament series is created probable by the payment technologies supplied by Community Gaming, which enables the payment in each dollars and cryptocurrency token rewards.
“We want to leverage this opportunity to not only educate users on blockchain gaming, the NFT market, but also allow them to dive into it via these token rewards,” Russo mentioned. “So we’re building out a lot of educational materials and bridges between crypto blockchain gaming and, mainstream esports.”
Community Gaming lets any person to organize grassroots tournaments in much less than 5 minutes. Players can set up custom tournaments for their communities with programmable payments that are speedy and transparent.
Russo acknowledged that the transaction charges on Ethereum-based NFTs are fairly higher now and the sector will most likely need to have to move to an option that is superior. Ethereum transactions also use a lot of power in terms of computing energy. But he nevertheless mentioned that Ethereum is nevertheless the principal point of sector activity and that is not most likely to finish quickly.
“Over time, we need to figure out how to make this more realistic and remove the technical barriers,” Russo mentioned. “I don’t see a mass flight off of Ethereum anytime soon.”