Posted in: Archive
Published:
November 19, 2018 6:32 PM UTC

Tencent Games Forms Partnership with Blockchain Esports Platform

Tencent Games has announced a collaboration with SLIVER.tv, a blockchain esports entertainment platform to create a 24/7 live esports channel that will feature streamers from FaZe Clan, Method, and NRG, in addition to interactive functionality such as prediction games, trivia, and prizes for viewers. Making…

Tencent Games has announced a collaboration with SLIVER.tv, a blockchain esports entertainment platform to create a 24/7 live esports channel that will feature streamers from FaZe Clan, Method, and NRG, in addition to interactive functionality such as prediction games, trivia, and prizes for viewers. Making the announcement on November 19, the game development behemoth, which is behind the popular Ring of Elysium battle royale game, revealed that the channel would be powered by Theta rewards, and users would be able to purchase in-game items and upgrades using Theta tokens.

Ring of Elysium and Theta

In a statement, Tencent Games expressed delight at the opportunity to bring Theta rewards to Ring of Elysium players, stating that users who stream the popular game on SLIVER.tv will have the chance to earn Theta tokens just for logging in and watching the live content. The statement also revealed that Theta tokens could be used within the SLIVER.tv platform to purchase exclusive in-game items and skins, or to obtain discounts on real-world products from associated sponsors.

Theta tokens are produced on the Theta blockchain, which powers a video delivery ecosystem that rewards users with Theta tokens as an incentive for restreaming video content to nearby users using excess bandwidth on any device. The framework thus leverages on aggregated user bandwidth to provide next-gen video services and reduce costs while increasing engagement and incremental revenues.

Speaking about the partnership, Mitch Liu, co-founder and CEO of SLIVER.tv and Theta Labs said:

“Our partnership with Tencent Games will help us continue to drive interactive esports by featuring exciting content from Ring of Elysium. Combined with our unique Theta rewards and blockchain technology, users become part of the esports experience, driving greater engagement and retention for our partners and games.”

The move is a significant one because it represents the first time a game development behemoth will actively engage with a cryptocurrency framework. Tencent Games boasts the world’s largest operating revenue for a gaming company, developing gaming content for hundreds of millions of users across popular platforms with stakes in Epic Games, Supercell, and Riot. In addition to Ring of Elysium, the company also publishes the wildly popular League of Legends title in the Chinese market.

On Theta’s part, the move is another key step on the road to actualising its vision, coming two months after it announced strategic partnerships with MBN and CJ Hello, shortly before it was listed on South Korean exchange Bithumb.

Featured Image from Shutterstock

Last modified: January 24, 2020 10:55 PM UTC

David Hundeyin @DavidHundeyin

I am a busy Nigerian writer, journalist and writer with an interest in tech and finance. When I'm not contributing to CCN and traveling around Africa, you can catch me contributing to CNN Africa, or in the writers room at 'The Other News', Nigeria's weekly answer to 'The Daily Show' with nearly 2 million viewers. My work on 'The Other News' was featured in the New Yorker Magazine, and that was then cited in the Washington Post so I'm not sure that counts as a feature but I'll definitely mention it too! I have been nominated by the US State Department to take part in the 2019 Edward R. Murrow Program for journalists under the International Visitors Leadership Program. I also like hamsters. You can reach me on Twitter at _David_Hundeyin

More of: Tencent
Show comments