ChiliZ announces $10 million investment decision
Partnerships planned with Battle Royale esports organisations
ChiliZ.com has announced plans to invest significantly in partnerships with esports organisations who compete in Battle Royale type games, such as PUBG or Fortnite.
The $10 million investment plan follows Epic Games’ recent decision to create a $100 million prize pool for the competitive gaming scene. Epic Games are also responsible for the publication of Fortnite.
chiliZ believe that ‘Battle Royale’ games offer a great mix of entertainment and sporting values. The enthusiasm and appetite of both players and fans, together with the incredible audience the format demands – fans watched almost 41 million hours of ‘Battle Royale’ content (Fortnite and PUBG) on Twitch between 7-13 May – offer the perfect foundation on which to build fan-driven and fan-controlled initiatives.
chiliZ will either invest in small esports organisations, enabling them to enter the ‘Battle Royale’ world or will partner with larger organisations to empower their fans to build a new and unique experience.
“We will provide funding and our fan-engagement/fan-monetisation platform to esports organisations who are looking to enter the competitive ‘Battle Royale’ gaming landscape. Our goal is to kick-start a new vision of how organisations can connect with fans for a more inclusive approach to esports. We are delighted with the feedback chiliZ has received from leading executives from some of the largest and most well-known esports organisations,” says Alex Dreyfus, CEO of chiliZ.
The blockchain-based chiliZ platform provides a solution to the two main problems facing the esports industry today – a lack of fan engagement and a lack of funding. chiliZ is a platform where fans have a voice in managing team business, and through which teams can also secure essential funding. In exchange for that funding, teams have to allow fans to make certain management decisions. For example, fans can vote on a roster, decide which opponent a player may face, choose which game they’ll play or even which skins the team ‘wear’.
The team behind chiliZ recently secured over $27 million in private placement through its blockchain-related token sale and will soon announce the final investment figure that has been secured. chiliZ will work directly with Twitch icon Dr DisRespect and other major streamers to support its global vision.
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