Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

Crypto-currencies meet e-Sports and raise $27 million

20 Apr 2018

chiliZChiliZ, a new startup created by poker legend Alexandre Dreyfus, utilized the use of private placements and managed to raise an impressive $27 million. By taking advantage of the latest developments in blockchain technology in their platform, they enable fans to participate in the crowd-management of eSports teams. Dreyfus, who has turned into a reputable persona in the poker industry during the past 10 years, being directly involved in well-established ventures such as Hendon Mob, the Global Poker Index and Global Poker League, managed to bring the best of both worlds, namely eSports and Crypto, with chiliZ.

With the intent of democratizing the eSports vertical and being inspired by crowd management practices seen in Real Madrid and FC Barcelona, where fans play an important role in key decisions such as president elections, Dreyfus quickly realized how that could also be applied in eSports as well. The goal was to find a way through use of all the latest advancements in blockchain to grow revenue out of the existing eSports fan base, by allowing them to "call the shots".

Dreyfus enthusiastically noted that this new venture gives fans a voice through a lucrative medium that will set new standards in the industry. All of the funding until now has come from Asian investors, which proved to be quite demanding given the decrease in the prices of many Cryptos lately. Dreyfus mentioned that the faith they have in their robust business model will overcome such hindrances in the long run.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner