Esports has come a long way since its inception back in the 1970s with home consoles and 24 players. As decades went on, it slowly rose as one of the most sought-after spaces for sports fanatics, allowing players to embrace collaboration, promote inclusion, and foster creativity. But it wasn’t until the peak of the pandemic that a steep rise in esports viewership was seen. As lockdowns were implemented and protocols were observed, the popularity of virtual multiplayer gameplay competitions hit an all-time high. In fact, its post-pandemic commercialization continues as the industry forecasts a $1 billion increase in revenue worldwide.
ENDX, the world’s first real esports performance trading market, leverages this demand and collaborates with Exberry to launch the world’s first esports trading platform. ENDX is built on intuitive UX and a sophisticated matching engine supported by the Ethereum blockchain allowing secure transactions. Moreover, it follows the rules of the major global financial exchanges, e.g. liquidity management and trade reconciliation done in real-time alongside trade matches, making its partnership with Exberry the perfect match.
Capitalizing Sports Knowledge
ENDX enables sports fans to support their favorite players by trading on their future performances on the platform. What’s more, they can organize community groups, build a portfolio of holdings out of the 150 best players in the world, capitalize on their knowledge, and compete between themselves, either clan versus clan or individually.
On the platform, fans can trade the crypto-backed SFT (semi-fungible tokens) developed in-house by ENDX coupled with technology provided by Exberry. The SFT price is determined by the market where traders base their expectations on the underlying player’s future performance.
Each trader or market participant will establish a different valuation for multiple tokens at any given time. Then, the platform allows users to trade the tokens they hold in one player with other fans. The SFT is created and issued in initial public offerings, which are sold onto the ENDX trader market at a starting market price. Thereafter, the revenue is divided between teams, esports players, and ENDX, making trading a next-gen stock exchange-like ecosystem for esports.
Exberry Powers ENDX’s Exchange
Exberry’s role is to power ENDX’s exchange through its 24/7 Matching and Trading Engine. This integration allows for a highly-flexible asset trading, offering minimal time to market with immediate and optimal access to a fully-functional sandbox and production sites. Since Exberry is asset-agnostic, ENDX is able to use a DLT of their choice, making the process easy and seamless.
A simple integration into a vast set of exchange ecosystems takes place through modern and cutting-edge APIs. The cloud-native SaaS engine allowed ENDX to focus on building the platform while Exberry managed all the core trading functionalities. What’s more, Exberry’s services and scalable technologies comply with stringent regulatory and compliance requirements, which is a critical factor in making this collaboration possible.
Conclusion
ENDX positions itself as a key player in the future of esports player engagement. Catering to a mobile-centric and dedicated audience, this pioneering movement of esports trading platform is about to take the market exchange, players, and sports fans alike by storm.
