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Global Esports Federation invests in the blockchain ecosystem

Publish Date: 10/08/2021
Fact checked by: James Leeland

The Global Esports Federation has just announced their partnership with blockchain network Flare Networks. This new agreement between the two organisations will see Flare Networks become the Global Esports Federation’s official global partner for Blockchain Ecosystems.

esports bloackchain ecosystem

The partnership

The Global Esports Federation is an international organisation that aims to promote the legitimacy of esports and esports events around the globe. You can think of them like the Olympic Committee for gamers.

Flare Networks is a decentralised blockchain network. It uses the XRP Ledger, and the company claims to be the world’s first Turing-complete Federated Byzantine Agreement network.

According to the GEF’s release, the two organisations will work together to find ways to utilise the blockchain in emerging esports technologies. They want to build a new foundation for the future of esports. If they are able to remove the industry’s dependence on other streaming and content platforms, each team could have more control over their own future.

Comments from the organisations

Adrian F. Lismore, GEF Board Member and Chair of its Finance, Legal and Administration Commission, spoke about their new collaboration in a recent press release:

“Our global community has asked us to lead the way and provide the guidance, framework, and integrity measures appropriate to enhance their trust.

“This global partnership with Flare Networks will help the GEF, our Members, and Partners, light the way for our community to engage with blockchain.”

Hugo Philion, Co-Founder and CEO of Flare Networks, also added:

“We believe wholeheartedly in the mission of the Global Esports Federation to connect the world through esports.

At Flare, we are committed to building a fair, fast, decentralised, and low carbon footprint network where individuals and communities can take better control of their collective futures and experiences and interact with each other in ways not previously possible.”

Other GEF projects

The Global Esports Federation is also hosting the Singapore 2021 Global Esports Games. events will begin with the Opening Ceremony on December 17th and conclude on December 19th, 2021. The esports titles confirmed to be included in the Global Esports Games are the PC MOBA game DOTA 2, Konami’s eFootball PES 2021, and Street Fighter V. They will also be featuring Demonstration Events in which they want to show off active esports.

The game that they are focusing on for the Demonstration event is Freestriker. Freestriker is an immersive, non-contact virtual sport played using a precise, real-time motion tracking system called AXIS, which maps the player’s full-body movements to turn martial arts skills into gameplay. This looks like another attempt by the federation to appeal to the traditional sporting organisations.

They are also holding the GEFcon and GEFestival in parallel with the esports event. GEFcon is a convention of major players in the esports world and GEFestival is an event for fans that celebrates esports culture.

The Global Esports Federation is doing a fantastic job at becoming the Olympics of esports. They are distancing themselves from the traditional sporting world by investing in future focused technologies like the blockchain.

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