Will E-Gaming Turn to Cryptocurrency?

Comcast Spectator announced its plan yesterday to build a $50 million e-gaming arena in South Philadelphia. With the recent news, Philadelphia propels itself to the domestic forefront of the gaming world, but what does this mean for the crypto industry? Sean Keefe, Managing Partner of Straight Up Capital, believes the new e-gaming stadium could bring more cryptocurrency use to Philadelphia and other cities that are adopting the competitive gaming world. 

Popular games, such as Fortnite, have capitalized on making its own form of tokens called V-Bucks to purchase items/accessories for avatars. Fortnite was created under the brand Epic Games. Since Epic Games already allows its games like Fortnite to create tokens, this could lead to Epic creating its own overall token, or even a cryptocurrency. 

The gaming world has continuously evolved, moving from playing at home to competitions held in front of large crowds in stadiums. This arena in particular will be for gaming spectators of the Comcast Philadelphia Fusion team that is a part of the Overwatch League. The team is comprised of the best gaming talent from across the world. Along with this evolution came the actual change of how games are bought. Many games are now downloaded for a price, or for free, from the internet to gaming systems. Extra features for these games can be purchased using gaming tokens that can be bought or earned through said games. This high usage of specific gaming tokens has the potential for game systems to turn to using primarily cryptocurrencies.  

If you would like to feature Sean in a piece, please contact jsherlock@jennacommunications.com. 

Check out Sean on Yahoo Finance, KYW Newsradio, and NBC 10.

We hope to hear from you!

The post Will E-Gaming Turn to Cryptocurrency? appeared first on Jenna Communications.

The Bitcoin market has seen multiple ups and downs in the past couple of years, and yet there are still people investing. For the past few months, Bitcoin has been going down, and has been said to be in a “Crypto Winter.” The money flow index, or MFI, is showing signs that Bitcoin hit its low in December, bottoming out at an MFI of 22. This indicates that March may bring changes to the market. Prices were rising in February but then saw a sudden drop overnight. Currently, Bitcoin is on a tightrope of whether it will spring back up for the month of March, or continue to bear down like it has in the past few days. Another coin that has already been seen springing up is Binance. Binance is currently experiencing a rise that is giving buyers more confidence in the Bitcoin and cryptocurrency market since people are trading. 

Although no one can necessarily say what will happen for sure, Managing Partner of Straight Up Capital, Sean Keefe, gives first-hand investor’s insight into the volatile crypto market. 

Sean weighs in on how despite the ever-changing market, Bitcoin is still seeing growth and benefits. For example, Bitcoin and other cryptocurrencies, like Binance, are becoming beneficial in countries with strict government regulations, such as Venezuela and Russia. The non-regulated cryptocurrency is easily available abroad, and opens doors that make access to money simpler in times of crisis. 

The thought that spring is coming for the Bitcoin market is up in the air, but the benefits of Bitcoin are consistently being learned. 

If you would like to feature Sean for a segment or interview, please contact jsherlock@jennacommunications.com.

Check him out on Yahoo Finance, KYW Newsradio, and NBC 10.

We hope to hear from you!

The post Winter Is Leaving appeared first on Jenna Communications.