ESL Gaming has partnered with Immutable X to launch a platform for NFTs.
Fans will be offered unique digital collectibles at the 2022 ESL Pro Tour CS:GO.
NFTs have seen wide adoption in the sports and gaming industry over the last year.
Share this article
ESL Gaming has partnered with Immutable X to offer NFT minting and trading on its e-sports platform.
Leading E-Sports Company to Offer NFTs
ESL Gaming, one of the world’s biggest e-sports companies, is launching an NFT platform. The move is the result of a partnership with Immutable X, a StarkWare-powered NFT project running on Layer Two Ethereum.
The platform will offer collectible NFTs and launch alongside the ESL Pro Tour CS:GO gaming competition. The event is the firm’s flagship tournament.
For the 2022 edition, fans will be offered unique digital collectibles curated from the event.
Commenting on the partnership with Immutable X, ESL Gaming global business development representative Bernhard Mogk said:
“We could not be more excited to launch on Immutable X the best possible community-driven and fan-centric collectible platform to buy, collect, and own some of the most memorable moments in ESL Pro Tour history.”
NFTs are non-fungible tokens, unique crypto assets that are not interchangeable from one another. NFTs are a way of offering verifiable ownership of an asset such as digital art, music, or in-game items. In the last year, the technology has exploded in popularity, gaining wide adoption in the sports and gaming industries. Most NFTs are minted on Ethereum, the most widely used blockchain today. However, Ethereum’s popularity means that it suffers from issues like high transaction costs. Many NFT projects have looked to scaling solutions like Polygon and Immutable X’s Layer 2 solution to mitigate the issues.
Immutable X leverages StarkWare’s ZK-Rollup technology to offer high-speed transactions and boasts zero gas fees. It has also partnered with Trace and Cool Effect to offset its carbon footprint so that NFTs minted on the platform are carbon neutral. It’s previously integrated the NFT marketplace OpenSea and powers TikTok’s NFT recent venture, as well as games like Guild of Guardians, Illuvium, and its own Gods Unchained. Last month, Immutable raised $60 million in a Series B funding round co-led by BITKRAFT Ventures and King River Capital.
Discussing the collaboration with ESL Gaming, Immutable X co-founder Robbie Ferguson said:
“ESL’s vision for NFTs from ESL Pro Tour moments has the fans’ experience top of mind. At Immutable X, we make it easy for leading gaming partners like ESL to integrate NFTs into their experiences without sacrificing security or speed.”
ESL Gaming’s ESL Pro Tour CS:GO is one of the world’s most popular e-sports events. Last year’s edition generated 675 million social media impressions and 905 million video plays, per ESL Gaming’s press release.
Disclosure: At the time of writing, the author of this feature owned ETH and other tokens.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Immutable Raises $60M to Scale NFTs on Ethereum
Immutable, the team behind the first Layer 2 scaling solution for NFTs on Ethereum, has raised $60 million in a Series B funding round co-led by BITKRAFT Ventures and King River…
What is a Crypto Airdrop: Why Projects Airdrop Crypto
Crypto airdrops occur when new tokens are freely distributed to different wallets in order to drive initial growth and build a community. They represent a popular marketing tactic that new projects use to spread…
Gaming Giant Kinguin Taps Immutable X for NFT Offering
A leading games marketplace, Kinguin is now entering the booming NFT sector. Kinguin Announces NFT Gaming Cards Immutable X recently launched to ease the high costs and slow transactions inherent…
How the Sports World is Embracing Crypto
Sports and crypto may seem like two unrelated worlds, but they have much to offer each other under closer inspection. Crypto Exposure Through Sponsorships In 2014, Bitcoin payment provider Bitpay…