Will E-Gaming Turn to Cryptocurrency?

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 FinanceKYW Newsradio, and NBC 10.

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