Key Takeaways
- Community Gaming to host e-sports tournaments on the Polygon Network
- The partnership will enable Community Gaming to offer a better player experience and instant payments
- Polygon network will host the first major tournament in August.
YEREVAN (CoinChapter.com)- Polygon Network (MATIC) has partnered with Community Gaming to enable scalable esports tournaments.
Thanks to the newly-forged partnership, tournament organizers can now launch their esports tournaments on the Polygon Network. The development eliminates the need for organizers to know intelligent contracts to work on Community Gaming. Additionally, organizers will not be expected to have extensive knowledge about digital wallets.
The organization will be taking care of all such nitty-gritty for them. Moreover, as the latest improvements will facilitate instant payments on winnings, players will also benefit from the overall experience.
With an average transaction fee of 0.0012 MATIC, players will receive their winnings in less than 3 seconds. Traditional tournament payouts can take days or sometimes weeks to complete as organizers traditionally send payment individually. However, match automation and blockchain payment technology make payments faster and easier to organize tournaments on Community Gaming. Chris Gonsalves, Community Gaming CEO, commented on his organization’s partnership with Polygon,
“For event organizers on our platform, this integration means being able to easily create, run, and facilitate tournament payments with sub-penny transaction fees in any country.”
The first tournaments deployed to the Polygon Network on Community Gaming include Gods Unchained and Axie Infinity. Polygon is reportedly spending $10,000 to attract gamers to games hosted by its network.
Related: Polygon bulls take a nap as a triangle setup threatens a 50% MATIC price crash.
Community Gaming raises $2.3 million in seed funding
Earlier this month, Community Gaming raised $2.3 million in seed funding to create automated esports tournaments. Before the fundraiser, the company figured out how to manage online or local games and pay participants almost immediately. Interestingly, the company wants to create ripples by distributing player winnings in cryptocurrencies and regular currency.
Investors in the $2.3 million include Blockchain investment firm CoinFund, which led the round, and other investors from the crypto space, including Dapper Labs, Animoca Brands, Multicoin Capital, 1kx, Warburg Serres, and Hashed.
Moreover, other than the organizations mentioned above, other investors also rallied behind Community Gaming. The list includes Signum Growth Capital, WorkPlay Ventures, WhaleShark, among others.
Related: Cream Finance to launch money market service on Polygon blockchain
Polygon’s Community Gaming summer will be hot
The Summer just got hotter for Polygon. Polygon and Community Gaming will cohost a $2,500 Skyweaver tournament in the summer to mark their collaboration. The tournament will take place in mid-August and will include NFT-powered card games. If all goes according to the plan, Twitch will get to stream the contest on its platform. Twitch is an American video live streaming service that focuses on video game live streaming, including broadcasts of esports competitions.
Speaking about the latest development, Sandeep Nailwal, co-founder and COO of Polygon, said,
“By integrating with Community Gaming we continue to bridge the gap between decentralized technologies and the competitive gaming community with fast and cheap payments combined with secure and trustless on-chain transactions”
Furthermore, the MATIC token may also register a rise in price and popularity once gaming on the Polygone network catches popularity. Community Gaming plans to pay out winnings in cryptocurrencies as well.
Yerevan-based Editor and writer focusing on topics about politics and international relations. Having completed his Bachelors and Masters degrees from Delhi's Jawaharlal Nehru University, he currently works as a Projects Coordinator at Indo-Armenian Friendship NGO and the Indian Cultural Centre, Armenia. He regularly writes articles for Armenian media platforms and is the English language Editor of Keghart, a reputed Armenian Diaspora news platform based in Canada. As a young activist, he was awarded "The Best Active Youth International Award" by the Afghanistan Youth Parliament. He is also the Media in charge of the Youth Wing of Bright Armenia Party, the third-largest political party in the Armenian Parliament.
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