eSports is a big market – a global business, generating hundreds of millions of dollars every year. Despite the amazing market potential and growth eSports currently lacks in possibilities that are fundamental for its future development. Even though the participation in eSports and its income are rising quickly, very few well known professional players are well paid. Most players receive little or nothing for their achievements and their commitment. As a relatively young and booming industry, eSports lives from the enthusiasm of its community but has a clear need for professional market structures that ensure secure, easy and transparent contracts between all parties.
The eByte project is developing a consortium blockchain, in cooperation with Draglet, to establish the first international monetary system specifically designed for the eSports community. The eByte project also includes a trustworthy contract system for leagues, teams, and players, to ensure all participants and service providers can be rewarded for their achievements in a safe and simple way. In addition, the new cryptocurrency will enable fans to support their favorite teams and players with donations. The eByte portals and platforms will give investors and sponsors a complete overview of the eSports market, making it easier for them to participate in the growth of eSports. Like the Ethereum blockchain, developers will be able to use the eByte blockchain as a third party development platform optimized for gaming projects as well as eSports solutions.
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