Ethereum Based US Gaming Company Raises $6 Mln in Crowdsale

Ethereum based US gaming company, Firstblood Technologies Inc. claims to have raised over $6Mln in Ether (465,312.999 ETH) few minutes after it launched its crowdsale on 26 Sept 2016.

P2P platform

FirstBlood is a peer-to-peer (p2p) gaming platform offering competitors the opportunity to win tokens by challenging each other to skill-based games like League of Legends, Counter Strike: Global Offensive, and DOTA 2.

Being only one out of several other existing e-Sports platform involved in competitive gaming, the owners of Firstblood Technologies say that the system is based on integrity, security and technology:

“It is an Ethereum based system.”

George Popescu, chairman of the board of advisors for Gatecoin, a Blockchain asset exchange, and advisor to FirstBlood, said he views e-Sports as the natural, all-digital application of Blockchain and Smart Contract Technology.

“Ethereum has three main advantages. These include smart contracts, fast block times, and a vibrant ecosystem,” said Zack Coburn, FirstBlood’s smart contract architect. “Smart contracts allow us to design our token, witness/jury system and game settlement logic without being constrained by what lesser Blockchains would allow us to do.”

DApp makes business easier

By creating a decentralized application (DApp) utility token, it is much easier to carry out business and safer for end-users, explained Popescu.

Popescu adds that the aim at FirstBlood goes far beyond applying digital currency to current e-Sports models.

“We will be tackling the most pressing issues in the industry today, issues such as underaged activity, cheating, and toxic behavior.”