With the world of esports growing at an unprecedented pace, a new platform called FirstBlood has been created to open up the world of competition and rewards to a greater number of people. By using blockchain technology and cryptocurrency, the new platform aims to bridge the gap between professional gamers and amateurs.
FirstBlood is an esports platform that uses blockchain and cryptocurrency to let Dota 2 players bet on matches. Blockchain is used to power the platform because it is a "decentralized network that's powered by peer-to-peer communications and transactions." As a result, players can sync up their Steam account and compete against other players for in-game rewards. The more a user wins, the more they can compete and ultimately win items with real monetary value.
While the role of blockchain in esports is still evolving, FirstBlood notes that it helps to give "the power back to the players while providing the fastest way to deliver your hard earned winnings to your wallet."