{"id":2173,"date":"2017-12-15T01:22:12","date_gmt":"2017-12-15T01:22:12","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=2173"},"modified":"2017-12-23T23:58:24","modified_gmt":"2017-12-23T23:58:24","slug":"unikrn-aims-to-disrupt-esports-with-block-chain-technology","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/unikrn-aims-to-disrupt-esports-with-block-chain-technology\/","title":{"rendered":"Unikrn Aims to Disrupt Esports with Block Chain Technology"},"content":{"rendered":"

\"\"Esports, a form of organized multi-player video games competition, is expected to garner a worldwide revenue of $696 million this year<\/a> and $1.5 billion by 2020, according to 2017 Global Esports Markets Report from Newzoo. Notably, China and North America are expected to generate $362 million, or 52% of global esports industry\u2019s revenue.<\/p>\n

To get a slice of the market, Unikrn<\/a>, a Seattle-based media and entertainment company, established in 2014, has started providing esports services through a block chain-powered platform.The services include tournament series<\/a>, team ownership, casino group, multimedia content and other skill based betting applications.<\/p>\n

Prior to this venture, the company\u2019s CEO and co-founder Rahul Sood established Voodoo, which manufactured high-end computers for the gaming industry. It was later sold off to Hewlett-Packard. Thus, it was quite easy for Unikrn to arrange seed funding from investors such as Elisabeth Muchoch (Freelands Ventures), Shari Redstone (Advancit Capital), Ashton Kutcher (Sound Ventures), Ethereum co-founder Anthony Diiorio, and Mark Cuban (Dallas Mavericks). The company also received funding from Australia\u2019s largest betting company Tabcorp.<\/p>\n

For the next round of funding, the company launched its own coin, named UnikoinGold (UKG)<\/a>, in mid-September. That enabled Unikrn to raise about $40 million<\/a>. The UnikoinGold token sale is capped at $100 million. Recently, the company\u2019s platform received a coveted gaming license from the Malta Gaming Authority. It took almost one year for the company to receive the license for its block chain based gaming platform.<\/p>\n

The company has now expanded its services to the European Union by entering into a joint venture with RBP, a noted player in the European online horse race and sports betting market.<\/p>\n

Commenting on the receipt of gaming license from the Malta Gaming Authority, Unikrn founder and CEO Rahul Sood said<\/p>\n

\u201cThey [MGA] are by every measure the gold standard and one of the most respected authorities for responsible and ethical wagering.\u201d<\/p><\/blockquote>\n

Unikrn aims to revolutionize the esports gaming industry through its block chain gaming platform. Unikrn\u2019s main advantage is they already have a profitable platform and a loyal customer base. UnikoinGold is trading at about $0.17 in the crypto currency market.<\/p>\n","protected":false},"excerpt":{"rendered":"

Esports, a form of organized multi-player video games competition, is expected to garner a worldwide revenue of $696 million this year and $1.5 billion by 2020, according to 2017 Global Esports Markets Report from Newzoo. Notably, China and North America are expected to generate $362 million, or 52% of global esports industry\u2019s revenue. To get […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,8],"tags":[],"class_list":["post-2173","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-sports"],"yoast_head":"\nUnikrn Aims to Disrupt Esports with Block Chain Technology<\/title>\n<meta name=\"description\" content=\"Unikrn, which is backed by media and entertainment giants, plans to disrupt esports industry with its block chain based platform.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/unikrn-aims-to-disrupt-esports-with-block-chain-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unikrn Aims to Disrupt Esports with Block Chain Technology\" \/>\n<meta property=\"og:description\" content=\"Unikrn, which is backed by media and entertainment giants, plans to disrupt esports industry with its block chain based platform.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/unikrn-aims-to-disrupt-esports-with-block-chain-technology\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-15T01:22:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-23T23:58:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/unikrn.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" 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