London-based esports staking platform Espo has announced pre-registration is open, ahead of a planned September launch.
The platform will give esports fans the opportunity to “stake world-class teams and players” with the company saying it is “addressing the burning desire of fans to get closer to the action and the aspiration for teams to expand and generate revenue from their fanbase.”
Espo will also offer new ways for companies and brands to sponsor esports teams and players through staking. The company says this will enable sponsors to benefit not only from the exposure through sponsoring teams and players, but also engage with esports fans and promote products and services via the Espo platform.
By staking, fans will be invested in the action, share in prize money winnings, and gain access to exclusive perks.
Discussing Espo’s solution Founder and CEO, Henry James, said:
“Popular platforms in the esports sector like Twitch and YouTube are focused on enabling content creation and distribution but are not going to extra lengths to enhance the experience of esports fans and their engagement with teams and players.
“Our solution will enable fans to play a fundamental role in supporting their favorite teams and players in a collaborative and meaningful way that is intended to have lasting and rewarding benefits for all parties.
“To make this possible, we have already received letters of intent from leading esports teams and organizations that have expressed interest to work with Espo and feature on the platform. We’re still working through on finalizing these initial agreements and we look forward to sharing announcements with the community in the coming weeks.”
Espo also says it will help rising esports teams and players get spotted and achieve their potential, by levelling the playing field and giving more opportunities for talent to be discovered and compete at the highest level.
The team behind Espo brings together experience from the video gaming, tech, finance and sports management sectors, with members having held positions at AT&T, Société Générale, Sony PlayStation, Tesla Motors, and TSM.
AYO.NEWS says:
With so many fan engagement products and services hitting the market now, across both esports and traditional sports, it will be interesting to see which model proves most successful. Will it be Espo’s staking concept, Socios.com’s cryptocurrency ecosphere, or Blocksport’s loyalty driven approach? Or, maybe there’s room for all?
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