Swiss blockchain company Concordium has announced a partnership with new esports tournament platform Playbase.GG.
The deal will see the two parties collaborate to create an ‘esports 3.0’ platform using the Concordium blockchain.
The blockchain will utilise its built-in identification to provide an additional layer of security for player accounts. Additionally, Concordium aims to eliminate the presence of fake accounts and any unpaid prize pools impacting tournaments across a range of titles.
Developed by software development company Ragebite, Playbase.GG’s platform is set to launch in the first quarter of 2023. The platform is set to host tournaments on VALORANT, FIFA, League of Legends and Rocket League, with more titles set to arrive at a later date.
In addition, the platform will integrate a meta hub in the second quarter of 2023. The hub is designed to allow tournament organisers to activate an ‘esports ecosystem’ where they can organise tournaments and network with potential partners. According to the announcement, Playbase.GG’s goal is to provide any stakeholder with the opportunity to enter the esports industry and establish a business standpoint.
For Concordium, the deal marks the blockchain’s first foray into the esports sector. Founded in 2018, the company collaborates with businesses looking to build digital collectables and new metaverse experiences.
Boris Batocanin, CEO of Playbase.GG, spoke on the deal: “Playbase.GG and Concordium have a partnership that we’re thrilled to develop further. The synergy between our two companies is an important moment as it advances the progression of our vision.
“We’re happy to see that the people from Concordium have recognized the potential of Esports, and we look forward to working together on developing a technology to bring better experiences for next-gen gamers and esports 3.0,”