Polygon and Community Gaming-created platform makes esports tournaments possible in minutes

Polygon (MATIC) could advance even more in the ongoing bull market, but the risk remains high

It now takes less than 5 minutes to create a custom esports tournament thanks to a cutting-edge platform created by Polygon (MATIC/USD) in partnership with Community Gaming. Payments are preconfigured and tournament organizers don’t need to know how smart contracts or e-wallets work. They can deploy their tournaments onto the MATIC network easily, making it possible to pay players instantly.

Thousands to compete for attractive prize pools

Thousands of players will compete for appealing pools in tokens like Ethereum (ETH/USD), MATIC, and USD Coin (USDC/USD) every month. Transactions take less than three seconds on average and winners get their prizes through one single one. The fee is 0.0012 MATIC on average, a far cry from that on more conventional pay outs, which can take up to a few weeks to carry out. What’s more, payments had to be sent individually before the platform existed, which was quite cumbersome.

 Both Polygon and Community Gaming see this development as an important milestone for their businesses. Polygon COO Sandeep Nailwal commented:

“By integrating with Community Gaming, we continue to bridge the gap between decentralized technologies and the competitive gaming community with fast and cheap payments combined with secure on-chain transactions.”

“For event organizers on our platform, this integration means being able to easily create, run, and facilitate tournament payments with sub-penny transaction fees in any country,” added Community Gaming CEO Chris Gonsalves.

Community Gaming raises $2.3M in seed funding  

The collaboration comes in the wake of an announcement by Community Gaming, according to which the all-in-one platform for esports infrastructure raised $2.3 million in a seed funding round. Among the investors were Dapper Labs, Signum Growth Capital, CoinFund, and Animoca Brands. 

First Polygon-powered tournament held in August

The $2,500 Skyweaver tournament, the first official one created through the collaboration, will be held in mid-August. Skyweaver is a game with NFT trading cards that are owned, sold, and traded by players. The prize is denominated in MATIC.

Community Gaming’s Twitch channel will livestream the event, which is expected to draw intense interest. Among the competitors and competitors will be some of the most popular Skyweaver influencers. Polygon’s similar milestone was building the premier ETH-based scaling solution, which has 800,000 unique users. The value of its daily transactions exceeds 5 million.

The post Polygon and Community Gaming-created platform makes esports tournaments possible in minutes appeared first on Invezz.

Publication date: 
07/12/2021 - 14:12
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