Bitspawn is a new blockchain technology aiming to help gamers find new revenue streams for their skills. And their target market? Anyone who plays video games. That’s right, anyone. Sure, it would be nice to have a lot of followers in the gaming world, but even without them, Bitspawn offers revenue streams for anyone who wants to play, regardless of skill level.
Founder Eric Godwin, an avid gamer, saw a hole in the market. Aware of the plight of esports, with gamers subjected to abusive contracts, entry obstacles, and prize pool fraud, he created Bitspawn, which offers pioneering esports software that protects gamers. Bitspawn’s cutting-edge event curating, player development tools, analytics and SPWN tokens, weed out predatory publishers, planners, and streaming providers that previously ruled the industry.
The design behind Bitspawn is based on seamless automation of all the processes to maximize revenue streams. Until now, very few players were rewarded for their participation in esports. Bitspawn offers a play-to-earn platform that allows everyone to play and make money at the same time. The blockchain-based tournament platform allows players of various skill levels, as well as developers and organizers, to profit from their talents. As well, sponsors and advertising can reach a growing audience through Bitspawn. It’s a known fact that gamers consume and follow esports at a higher rate than regular sports fans. This presents advertisers with a seemingly limitless market.
Bitspawn is being built on the Solana platform to provide profitable gaming experiences to the world’s two billion gamers while avoiding scaling concerns like layer 2 protocol implementation.
PoR and Bitspawn
In order to facilitate scaling, Bitspawn is on its way to using the PoR – Proof or Respawn–algorithm to complement Solana’s original PoS consensus process. The PoR token mechanism pushes players to compete and create their own competitions while also maintaining the platform’s reward structure. This will allow ‘skill-based’ algorithms to distribute tokens and may be connected with existing gaming APIs to align benefits among gamers, creators, and marketers in order to boost growth.
▪︎ Eric Godwin (Founder)
▪︎ Alex Lan (Co-founder)
▪︎ Lukas Kamandulis (Co-founder)
▪︎ Rhys Boulanger (Co-founder)
All of them have an expertise in blockchain, esports, and marketing and have already worked on a variety of projects.
The company is believed to be worth $9 million dollars.