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Tencent enters into a partnership with to launch eSports channel powered by Crypto

Tencent enters into a partnership with to launch eSports channel powered by Crypto

November 22, 2018 5:07 am,

Tencent which is considered one of the world’s top gaming company of China has entered into a partnership with an e-Sports entertainment platform that uses Blockchain technology to create a 24/7 live e-Sports channel that will feature streamers from Faze Clan, Method, and NRG along with interactive functionality such as prediction games, and prizes for viewers .

The channel would be powered by Theta rewards. The Tencent has introduced this Theta reward to one of the most popular and free to play game “Ring of Elysium”. The players who stream the game on will have the chance to earn Theta tokens (THETA) as rewards for logging in and watching live contents in the channel. These Theta tokens are produced on Theta Blockchain. By the use of Theta tokens, Users can also purchase in-game items such as the Golden Winged Jacket skin or can avail the discounts on real-world products from sponsors. This framework thus provides next-generation video services and also help in reducing costs in addition to increasing engagement and incremental revenues.

The channel will also be a home to the number of giveaways, predictive markets, and other engaging contents.

About Tencent-

Tencent is a Chinese multinational investment holding conglomerate which was founded in 1998. It is the world’s largest gaming and social media company. Its services include social networks, music, web portals, e-commerce, mobile games, multiplayer online games etc.

About Ring of Elysium-

It is free to play game developed by Tencent games. It was released on stream in North America and parts of Asia on 19 September 2018 itself as an early access game. The game features 60 players in combination with encroaching map, like other royale games.