Decentralized eSports Platform FirstBlood Raises $5.5M in Minutes

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Upcoming decentralized eSports application has experienced a record crowdsale day, raising $5.5 million USD in Ether. The sale ended with 465,312 ETH — most of the money raised in a matter of minutes.

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An Ethereum-Based Decentralized eSports Platform

FirstBloodFirstBlood is an eSports project that allows users to compete in online games, such as League of Legends, Dota 2, and Counter­Strike: Global Offensive.

Players earn rewards by testing their skills in the games, tracked on smart contracts and blockchain oracles. People fund the eSports games in a decentralized method with a witness and jury system. Furthermore, the members of the jury are rewarded in FirstBlood tokens to determine game outcomes.

The platform was founded by developers Marco Cuesta, Zack Coburn, Anik Dang, Joe Zhou. The team argues that traditional online gaming platforms are

Read more ... source: TheBitcoinNews