• Days
  • Hours
  • Mins
  • Secs
  • Mon, 16 Sep 2019, 02:01 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

EOS blockchain-powered gaming platform Azarus secures $1.8M from Galaxy Digital, Kleiner Perkins

Image obtained from Youtube

Fri, 07 Jun 2019, 07:40 am UTC

Azarus, a blockchain-based service that runs on video game challenges, has raked in $1.8 million of investments from Galaxy Digital’s Galaxy EOS VC Fund, Kleiner Perkins, and SVK Crypto, Venture Beat reported.

The proceeds will be used to establish the game network’s EOS blockchain-powered “smart challenge” platform, which allows gamers to compete for digital assets via casual and competitive gaming challenges.

Launched in late 2018, the platform works by inviting Twitch streamers and fans to take part in the game based around streaming data. Winners will receive AZA tokens as a prize, which can be exchanged for in-game items, currencies, and other digital assets in the Azarus marketplace.

The “smart challenge” platform allows users to set their own rules and challenges, and the terms of which are notarized on the EOS blockchain, including the data used to execute and resolve the challenges, to maximize transparency and fairness.

In addition, a pilot program will enable select streamers to award tokens to viewers who can correctly answer their historical or predictive broadcast-related questions. AZA credits can also be earned by viewing Azarus-enabled amateur and professional esports streams.

Azarus, which is a part of the Ubisoft accelerator, currently supports the Rainbow 6 Siege game, but it plans to roll out more in the future.

Meanwhile, EOS developer Block.one has revealed its plan to create a new EOS blockchain-based social media platform called “Voice” that will reward and return control to social media users. The network will enable its users to benefit from their ideas and engagement on the platform.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,376.70 (+0.32%)
  • Ethereum (ETH) $193.88 (+2.96%)
  • XRP (XRP) $0.263200 (+0.62%)
  • Bitcoin Cash (BCH) $307.48 (+0.59%)
  • Litecoin (LTC) $71.78 (+1.28%)
  • Bitcoin (BTC) $10,376.70 (+0.32%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft