Bitspawn
 | |
| Industry | Esports |
|---|---|
| Founded | 2019 |
| Founder |
|
| Headquarters | Cayman Islands |
Number of locations | 1 |
Area served | 1 |
Key people |
|
| Services | Gaming blockchain protocol built for digital athletes and social gamers |
| Website | bitspawn |
Bitspawn is a play-to-earn platform designed by Eric Godwin, Lukas Kamandulis, Rhys Boulanger, and Alex Lan by leveraging blockchain technology.[1] The company was founded as an esports firm in 2019 and is headquartered in the Cayman Islands.[2]
Bitspawn is regarded as a software innovation firm known for offering esports tournament curation, player development tools, and analytics. As a blockchain-based tournament platform, Bitspawn allows players of various skill levels, as well as developers and organizers, to profit from their talents.[3]
Since its inception, Bitspawn has forged partnerships with leading firms including Black Dragon, SMO Capital, CSPADO, Trusted Capital, Revelation Fund, Farium Dext Force, Solana, and others.[4]
History
Bitspawn was founded in 2019 with the aim to create such a platform that facilitates equal opportunities for gamers to monetize their skills. It was built on the Solana platform, a private Ethereum network, implementing layer two protocols to revolutionize the esports industry. It also leverages the Proof-of-respawn algorithm for better scalability on the platform. PoR is a token algorithm that motivates players to compete and create their own competitions while also ensuring that the platform's rewards system is maintained.[5]
The idea was conceived by the founder, Eric Godwin, based on his vast experience as a gamer, who aimed to connect sponsors and advertisers to the gamers in order to help them earn money as professional gamers. Samurai participants staking either $CFI or $CFI/ETH LP have a Guaranteed Allocation in the Bitspawn IDO. Bitspawn also works with existing gaming APIs to match incentives between gamers, developers, and sponsors, resulting in increased growth.[6]
As of 2021, Bitspawn has over 10,000 registered users. For the platform fees and rewards, the $SPWN token can be staked and lent, as well as used in governance functions of the DAO such as integration voting and community projects. The total supply of this digital currency is 2,000,000,000 $SPWN. In the same year, ACL (American Club Leagues), along with Bitspawn, launched its first free-of-cost ACL 5v5 Tournament.[7][8]
Products and services
Bitspawn facilitates an infrastructure protocol that allows the users to create their own gaming apps and communities on our blockchain solution by leveraging its infrastructure protocol, network token, and blockchain solutions. Bitspawn seeks to provide a variety of tools to amateur and professional esports teams in order to assist them to maintain growth and talent pools.
Funding
Bitspawn has raised CA$620K in three years in two funding rounds.
In the media
References
- ↑ "Interview With Eric Godwin, Founder Of Bitspawn - Bitcoinik". Retrieved 1 July 2021.
- ↑ Insider, Esports (2020-07-13). "Behind Bitspawn's efforts to make esports more reliable for players". Esports Insider. Retrieved 1 July 2021.
- ↑ News, E. I. N. (2021-06-22). "Nodeseeds reveals investment in margin trading DEX 5x.Finance". EIN News. Retrieved 1 July 2021.
{{cite web}}:|last1=has generic name (help) - ↑ News, E. I. N. (2021-06-22). "Nodeseeds reveals investment in margin trading DEX 5x.Finance". EIN News. Retrieved 1 July 2021.
{{cite web}}:|last1=has generic name (help) - ↑ "Is Ethereum Destined to be King of DeFi? • Benzinga". Benzinga. 2021-04-16. Retrieved 1 July 2021.
- ↑ Marketeers, Dale Linney-Six (2021-06-08). "CyberFi / Samurai IDO: Bitspawn in the spotlight". Medium. Retrieved 1 July 2021.
- ↑ "Bitspawn Protocol ICO Rating, Reviews and Details | ICOholder". icoholder.com. Retrieved 1 July 2021.
- ↑ "Bitspawn Protocol". Medium. Retrieved 1 July 2021.