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The First EsportsFi Champion Was Born; Era7: Game of Truth Opens A New Chapter of The EsportsFi Ecosystem

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Singapore–(Newsfile Corp. – October 2, 2022) – The champion of Web3’s first light tournament, Era7 “World Cup Tournament” (WCT) Season1, was finally revealed on October 1 at 15:00 UTC. After a multi-day battle, SantosBrat from Russia was crowned the winner of the $15,000 and digital asset airdrop prize. RocketMoneyH from Brazil and SemestaNami from Indonesia took second and third place respectively.

Tens of thousands of players from 30 countries joined the first season of Era7’s official tournament WCT. Of these, 1296 players qualified for the Play-In stage and 128 players advanced to the knockout & final stage. The total prize pool for the tournament was $130,000.

WCT received over a million views online, live streams and external video media distribution. The tournament process generated a lot of hot famous scenes such as speed pushing, baiting the enemy deep, and extreme counter-kill, which made the spectators enjoyable and the highly popular star players and clubs gained high attention at the same time.

Era7, the world’s original three-minute competitive element, is a TCG type game combining Esportsfi and NFT features. By collecting, forming decks, fighting and acquiring steps in the game, players can not only easily get the fun of TCG games in just three minutes, but also earn competitive rewards. Six months after the official launch of the project, Era7 has been ranked among the top projects of BNB Chain through the game’s good long-term competitive attributes and deep strategy and playability. It has attracted the attention of many TCG fans and cultivated players’ love for competitive elements and daily gaming habits, and the initial PVP competitive ecology within the game has been formed. In the future, Era7 will launch the operation mode with global exclusive competitive ecology, create the brand positioning of “web3 first innovative light competitive long term tournament”, shape the unique value of the project in the field of Web3, and fully promote the ecological construction of Esportsfi.

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On September 23rd, Element, the world’s first multi-chain aggregated NFT marketplace, announced a strategic partnership with Era7 to help sustain the “Era7 WCT”: the first Web3 global light-competition event. According to the current plan, Era7 WCT will be held 6-8 seasons per year, with non-stop launch every two months, and the prize amount will be clearly arranged in the token launch plan and BUSD prize pool setting. The total prize pool is estimated to reach more than $5 million by 2023.

Era7 is capturing the potential 1 billion TCG fans with a three-minute speedy game experience, rich card selection, diverse game strategies and high prize money. In traditional TCG games, players optimize their decks by purchasing card packs, and the circulation of cards is reflected in the fair recognized value and number of issues among players, while in Era7, players can also continuously optimize their decks by acquiring resources, while the value of each card can be fully reflected in the game’s actual battle and marketplace, and the transactions among players become convenient and The value of each card is fully reflected in the game’s actual battle and trade market, and the trade between players becomes convenient and safe.

WCT is the world’s first light competitive tournament for TCG games in the web3 field, which is also very attractive to the traditional game users of web2. The unique attribute of combining blockchain technology with TCG game makes the number of users that can be reached by this product has great imagination. Through the high attention and long-running tournaments, the incentive policy of high prize pools, players’ motivation is fully mobilized, and it also allows players to further focus on competitive tournaments from the simple act of playing and earning, refer to the deck selection of more excellent players, and gradually transfer from the simple return of in-game asset rewards to the competition channel of more cash rewards, so that the in-game card series and double tokens can be fully consumed and use, not only ensuring sufficient liquidity on the game ecology, but also allowing the overall economy to cycle effectively.

In the traditional eSports prize pool establishment, most games have adopted the player crowdfunding model, through the sale of virtual goods to raise money from players to form the prize pool of the event, this model can fully mobilize the purchase intention of players, but there is also a certain degree of uncertainty, may be subject to the difference in the popularity of virtual goods, resulting in the amount of money raised fluctuates significantly, not easy to maintain the stability of the event. In Era7, a new channel of cash rewards for competitive events, mainly WCT, has been opened, and the prize pool for participants is not only determined by the number of rewards through digital asset placement, but also the BUSD prize pool and various sponsorship resources raised by the event to continuously enrich the prize pool, ensuring the continuous stability of the prize pool and supplementing the revenue channels for players, so that all participants can have a clear idea of the rewards they may obtain and will be motivated to play.

This emerging tournament has gained recognition within the industry. Era7’s another main strategic partner, Fundamental Labs is a leading Web3 and crypto venture capital firm focusing exclusively on accelerating fundamental innovations, mass adoption of blockchain tech, and creating value for a better digital society. While in the field of GameFi, it was the innovation of Era7’s continuous EsportsFi Ecosystem that took their fancy,

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Meanwhile, as The CTH Group’s diamond level strategic partner, Era7 will participate in one of the main Web3 conferences of the year, MiamiWeb3 held by The CTH Group and the City of Miami.Era7 and Fundamental Labs will work closely and work on building a sustainable GameF Ecosystem.

The journey of “Era7 World Cup Tournament” Season2 is about to start, which also means that Era7 will join hands with various crucial partners to open a new chapter of long term tournament and Esportsfi ecosystem construction.

Era7: Game of Truth Official Links

Website: https://www.era7.io
Twitter: https://twitter.com/Era7_official
Telegram: https://t.me/Era7_Official
Discord: https://discord.com/invite/jtFRzTv5Zw
Email: [email protected]

Contact:
Iron Lin
[email protected]

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blockchain

Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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