BSV Makes Possible More Interactive eSports on Blockchain
Gaming fans are in for some treats real soon as eSports organization Built by Gamers has decided to level up the gamification of the fan experience by developing interactive platforms on the BSV blockchain.
Based in North America, Built by Gamers is home to gaming creators, influencers and professional teams that compete in popular games, such as Fortnite, Valorant, Apex Legends and Halo Infinite. Its reach and influence are evidenced by its partnership with leading brands, Samsung, Nestle, Old Spice and Logitech.
“We have different teams, influencers, creators that compete in the world of gaming and that generate an audience in the world of gaming. And the gaming space is funny because it’s not as defined as some people think, it’s actually quite wide. There’s a lot of people out there from various audiences who love this gaming ecosystem,” Tyler Farnsworth, chief marketing officer at Built by Gamers, said.
And because of this wide world of gaming that has only pulled in more people with the pandemic, Built by Gamers wants to capitalize on it by gamifying the fan experience through the creation of interactive apps that will engage and reward gaming fans.
“Gamification of the fan experience is the thing I love to point at. We really live in an era of gamification where everything is about levelling up, about challenging yourself. And so, if we can give fans a way to be gamers themselves as they are fans of gamers, we can create an ecosystem. The blockchain really unlocks that in ways that just haven’t existed in history,” Taylor Searle, strategic advisor at Built by Gamers, explained.
However, not just any blockchain will do as collecting and making sense of data from gamers and fans all over the globe is not an easy thing. For one, it would entail the storage of massive amounts of data, which may translate to millions of transactions on a daily basis.
It would also necessitate a highly efficient blockchain that can process instant transactions with little to no latency. In July 2021, everyone was shocked when a surge in transactions during the 35-minute Stoner Cats NFT sale on the ETH network perpetrated a rise in fees and resulted in users losing $790,000 in failed transactions.
“We went down this path of exploring what opportunities were out there. Taylor [Searle] had a sense of what is likely the best fit for us. I had to come down that path, but ultimately, we looked at what was going to give us the quantity of transactions at the speed that we needed it, as well as at the cost that was appropriate for the scale of what we were trying to do,” Farnsworh related.
“Ultimately for us, the utility of what blockchain can do is what’s critical. Also, I would say the community involved is critical as well. If you have a community that’s not growing, that’s not robust, that’s not investing, it would have been very challenging for us to stake our ground and put our efforts into this. All of those things led us to the BSV blockchain,” Farnsworth added.
BSV has restored the original Bitcoin protocol that makes for a rock-solid base layer that developers can build on. It has also unlocked limitless scaling, which means blocks that continuously gets bigger and throughput that is constantly increased to reach millions of transactions per second (tps) in the future.
At present, the BSV blockchain already has a 4GB block hard cap and a throughput of up to 50,000 tps at fees of very, very small fractions of a cent. Compare this to ETH, which can only complete up to 70 tps at a current fee of $20.45 per transaction.
On top of really expensive transaction fees that further rise when there is a surge in transactions, like what happened in the Stoner Cats NFT sale, failed transactions cost even more as they are non-refundable. And this is not good business at all, especially not for eSports on blockchain that will probably require millions of daily transactions.
It is not a wonder why Built by Gamers chose to build on the BSV blockchain. And because of the efficiency of the BSV ecosystem, Built by Gamers is also planning to fully use whatever then can within the BSV community to make its interactive platform more efficient and easier to use, like a one-stop shop for anything gaming-related.
“The goal is: let’s have everyone in our entire community have a HandCash wallet and every platform in this ecosystem integrated with HandCash. So that using HandCash, someone can use it as their identity provider to just log in, single sign-on, automatically to all these different platforms and be able to have this Duro economy, and then bring in NFTY Jigs to have their digital items working the same way,” Farnsworth revealed.
What Built by Gamers is really excited about is its development of global leaderboards that will become the basis for fans to get rewards. This will make fans really feel like a gamer.
“Gamification isn’t inherently something exclusive to just blockchain, but the thing the blockchain really enables us to do is global leaderboards. Imagine a leaderboard with a top 10 list of superfans based on how fast they react to our social media posts, whether they engage in sponsorship events, come to live events and get extra bonus points,” Searle pointed out.
In the same way that the BSV blockchain is committed to limitless scaling and improving its technology, so is Built by Gamers dedicated to levelling up the gaming experience for both gamers and fans.
“Being a bit better each day, levelling up, finding ways to improve. I think that at a core, that’s what a gamer is. It’s not just the act of playing the game, but it’s being a bit better each and every day,” Farnsworth concluded.
“Pop culture advocate. Troublemaker. Friendly student. Proud problem solver.”
