Edge has launched its platform that enables the use of smart contracts to “automate contractual obligations, payments, and circumvent legal disputes” within the esports industry.
The company – which started as an esports agency and consultancy firm – has also announced the appointment of Chris Chaney, Founder of Infinite Esports & Entertainment as its US Esports Advisor.
Adam Whyte, Founder and CEO of Edge, commented on the launch: “Esports is the wild west: unpaid player salaries, prejudicial contracts, and prize money isn’t distributed. We founded Edge because my Twitter and Discord were overwhelmed with requests from players and teams who hadn’t been paid their salary or received their prize money. They had little judicial recourse and a vague understanding of the intricacies of contracts.”
Using smart contracts, Edge’s platform automates payments – whether that be salaries, prize money, or sponsorship fees – for those in the industry.
Chaney discussed his new role: “Edge is solving a massive problem with a simple and coherent solution while being led by a visionary leader in Adam with a deep background in sports, tech and esports. The Edge team is fantastic, and I am excited to be a part of it.”
Chaney is the founder of Infinite Esports and Entertainment, the parent company of OpTic Gaming and Houston Outlaws. He’s also an Investor & Board Director in esports consultancy firm Player 2 Studios and esports apparel brand We Are Nations.
Esports Insider says: Bringing in Chris Chaney is a solid move; he has a breadth of experience in this industry at this point. There’s a lot of scepticism surrounding smart contracts, so Edge’s biggest challenge initially will be proving the worth and validity of them.