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Esports Business Models to Survive the Pandemic

The COVID-19 pandemic has laid waste to global economies and annihilated entire industries. However, some industries have fared better than others during the outbreak. One of these is the esports sector and its unique business models. Once the reserve of video gaming enthusiasts, the esports market grew in popularity in recent years and managed to […]

The post Esports Business Models to Survive the Pandemic appeared first on Esportz Network.

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The COVID-19 pandemic has laid waste to global economies and annihilated entire industries. However, some industries have fared better than others during the outbreak. One of these is the esports sector and its unique business models. Once the reserve of video gaming enthusiasts, the esports market grew in popularity in recent years and managed to weather the COVID storm as necessity drove gamers and spectators online.

2020 Esports Business Model

The global online gaming sector experienced a surge in profits in 2020, with more than 21.1 billion dollars generated in just 12 months. This equates to significant year-on-year growth, with the growth margin unprecedented when compared to previous years. While the online gaming market always fared well, this boom in revenue is largely down to gamers being forced to play online by necessity. By the end of 2020, there were more than 2.69 billion gamers worldwide. By the end of 2021, that number looks set to exceed 2.8 billion.

How Has Esports Survived?

One of the key reasons the esports industry thrived during the pandemic is that months-long lockdowns forced consumers to pursue new pastimes away from their usual routine. With billions at home without 9-to-5 to keep them busy, user engagement with video gaming and esports rose substantially.

Although live events and attendance have long been a staple of esports, the nature of virtual gaming has allowed the sector to overcome the issues that have throttled conventional sports. That is not to say that the pandemic hasn’t caused disruption to esports tournaments. Many major live events, including the Summer Game Fest, Gamescom and Capcom Pro Tour, all adjusted to restrictions. Some events were canceled entirely, while others moved exclusively online.

By and large, esports organizations and their business models managed to adapt fairly well to the logistical nightmares presented by the pandemic. However, a handful of organizations failed to adapt quickly enough. One of the losers of the pandemic has been North Esports, a Danish organization that announced it was ending operations in February 2021.

Despite the near-exclusive move to online broadcasting and streaming, esports events still proved lucrative. With a substantial rise in the number of those playing video games and watching esports events, the sector is more attractive than ever to sponsors and advertisers.

Additionally, it is now incredibly easy for esports enthusiasts to remain updated on league and tournament developments. Platforms such as 1337PRO provide a wealth of resources for esports enthusiasts, while also serving as a centralized destination for online streaming.

Can Esports Sustain Growth?

As COVID vaccinations become more accessible and populations become unshackled of lockdown restrictions, the question remains as to whether esports business models can continue to capitalize on its surge in popularity. One of the clearest indicators that this upward trend will continue is the upswing in engagement. The biggest esports titles, such as League of Legends, are likely to continue attracting new players in the millions. Likewise, the audience figure peaks that online tournaments have enjoyed in recent months are likely to remain high.

Future of Esports Business

Esports organizations are also likely to maintain the new approaches they have had to adopt during the pandemic. The move from live events to exclusively online tournaments has demonstrated that high engagement is still possible. What’s more, sponsors and advertisers have also seen that wholly online audiences can still provide a lucrative revenue stream.

While there are winners and losers during the pandemic, as within any other industry, esports remained largely untouched by COVID-19. However, the societal changes and move to online engagement has allowed the sector to capitalize on its inherent strengths and innovation.

Written by Esportz Network

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Source: https://www.esportznetwork.com/esports-business-models-to-survive-the-pandemic/

Blockchain

Grayscale to Unlock 16,000 Bitcoin Shares on July 19

Grayscale Bitcoin shares

Rate this post Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market.  The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM). Grayscale Bitcoin Shares Unlock Could Raise Price Volatility GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price. Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase. A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million. Selling Pressures to Stabilize Paving the Road for Market Bulls Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards. Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future.  The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

The post Grayscale to Unlock 16,000 Bitcoin Shares on July 19 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Grayscale is about to flush the market with 16,000 Bitcoin shares on July 19. This is the fund’s largest unlocking in a single day and is expected to spike volatility as well as create a bullish outlook for the market. 

The Grayscale Bitcoin Trust(GBTC) is the world’s largest digital asset management company that holds the biggest reserve of the primary cryptocurrency among all financial institutions. At present, it has nearly $24 billion in assets under management(AUM).

Grayscale Bitcoin Shares Unlock Could Raise Price Volatility

GBTC operates in a periodic cycle, which means its shares aren’t available for purchase all year round.  This year, the firm’s periodic closures have clashed with its buy-in value trading at a discount to the current price.

Investor funds are tied to GBTC for a fixed period and eventually released, allowing buyers to sell their investment at certain intervals depending on their price during purchase.

A negative GBTC premium relative to the spot in combination with a large unlock can raise the potential for volatility in July. The biggest unlock scheduled for the month will see markets flushed with 16,000 BTC shares equivalent to $627 million.

Selling Pressures to Stabilize Paving the Road for Market Bulls

Grayscale unlocking has attracted both buyers and sellers as BTC prices touch nearly $40,000. While fears regarding volatility persist, some are confident that the unlocking will stabilize and perhaps drive the selling pressures to zero. Loomdart, a popular crypto trader on Twitter, suggests that GBTC unlocking will help market bulls push against the existing resistance to take BTC prices upwards.

Interestingly, this projection is in striking contrast to the bearish outlook held by several investment institutions. With a decline in BTC demand from institutional investors, many analysts have painted a gloomy picture for the currency’s future. 

The largest cryptocurrency is stumbling at the moment with daily price fluctuations. Last week, analytics firm CryptoQuant reported a decline in BTC’s open interest. The report coincided with a staggering drop in the overall Bitcoin transactions.

READ  Grayscale Parent DCG Plans to Buy $250 million worth of Bitcoin Trust

#Bitcoin Prediction #GBTC Unlock #Grayscale Bitcoin Trust (GBTC)

Source: https://www.cryptoknowmics.com/news/grayscale-to-unlock-16000-btc-shares-on-july-19/

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Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling

She’ll still be a scary threat when the mid-to-late game rolls around.

The post Riot reveals planned changes to weaken Lillia’s early game, buff durability and scaling appeared first on Dot Esports.

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Many people know Lillia as League of Legends‘ resident Bashful Bloom in the jungle, where she has made a name for herself among pro play and solo queue play alike. However, Riot Games has detailed some changes for the champion that will pull back some power from her early game to make room for more durability and late game power.

Game designer Daniel “Maxw3ll” Emmons gave the players a general overview of some of the planned adjustments, which consisted of giving her Q ability a regeneration effect while dealing damage-over-time, while also getting more base damage, and an AP scaler.

On the other hand, the developers are looking to nerf how much movement speed Lillia gains from her Blooming Blows ability in the early portions of the game, while also increasing the cooldown on her Swirlseed. Her ability to whack people with her Q, then dance around them with her increased speed made her so annoying to deal with pre-level six. She will also be getting a nerf to her ultimate, Lilting Lullaby, but that change hasn’t been detailed just yet.

The goal for these changes is to make her more widespread towards solo queue, instead of just being a pro play focused champion. Currently, Lillia has a 42.7 percent win rate in ranks Platinum and above, according to Champion.GG, but she was one of the most played junglers in the LCS, LEC, LPL, and LCK during the 2021 Spring Split. By making her more durable, the early game clears will be a lot more forgiving for players who are as efficient with her movement speed and damage.

Lillia hasn’t seen much play during the start of the 2021 Summer Split across major regions, with junglers like Rumble, Xin Zhao, and Udyr rising up in priority again. It’ll be interesting to see if these adjustments will help her in terms of her success in solo queue as the changes settle in.

Source: https://dotesports.com/league-of-legends/news/riot-reveals-planned-changes-to-weaken-lillias-early-game-buff-durability-and-scaling

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News

The World Economic Forum’s Cryptocurrency Guide Lists Its Choice Of “Winning” Projects

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The World Economic Forum (WEF) has published its community paper on cryptocurrency. It contains information on getting started, exploring the blockchain, and so on. It also lists several cryptocurrencies that meet its scalability stamp of approval.

As an influential body, some have taken this to mean the WEF has selected its choice of winning cryptocurrency projects, which, if rumors are to be believed, will receive a significant push over the coming years.

The WEF See Cryptocurrency As Transformational

Various centralized authorities, and their representatives, have sent mixed messages surrounding cryptocurrency and its role in future society.

This includes ECB President Christine Lagarde, who earlier this year blasted Bitcoin’s “funny business” in facilitating money laundering, and U.S Treasury Secretary Janet Yellen, who pointed out Bitcoin’s limitations as a payment mechanism, and much like Lagarde, its use in illicit financing.

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering.”

Nonetheless, the Swiss-based international organization for public-private cooperation has signaled its approval of cryptocurrency via its latest guide. The 22-page report details practical guidance, for both individuals and corporate professionals, on transacting, dapps, governance systems, scalability, and consideration of regulations.

As cryptocurrencies transform how we trade, transact and interact online, it has become more important than ever for technology leaders to have experience with these innovations.

As expected, the report mentions the big two, Bitcoin and Ethereum, even dedicating an entire section to Ethereum to discuss its programmability and usefulness in facilitating technological innovation.

Along with that, in the throughput and scalability section, the report also lists six cryptocurrency projects with brief text on their ability to handle large volumes of transactions. They are Algorand, Cardano, Celo, XRPL, Solano, and Stellar.

The Great Reset

During covid times, the WEF has caught the attention of many truth seekers. They raise concerns over the WEF’s role in steering the world recovery.

Among the WEF’s predictions by 2030 is “you’ll own nothing. And you’ll be happy.

Some have described this future scenario as a centralized system of control and manipulation. Even a throwback to Medieval feudal society, which consisted of a bottom rung of the peasantry who were slaves to the landowners.

Reuters have fact-checked this “stated goal” and dismissed it because it was a reference to the trend towards the prevalence of renting over ownership.

“False. The World Economic Forum does not have a stated goal to have people ‘own nothing and be happy’ by 2030. Its Agenda 2030 framework outlines an aim to ensure all people have access to ownership and control over land and other forms of property.”

Either way, should investors take the WEF’s mention of Algorand, Cardano, Celo, XRPL, Solano, and Stellar as cryptocurrency projects to watch in the future?

Source: https://bitcoinist.com/the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects/?utm_source=rss&utm_medium=rss&utm_campaign=the-world-economic-forums-cryptocurrency-guide-lists-its-choice-of-winning-projects

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