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Esports Funding Is Now Worth US$2 Billion Since 3 Months Ago
Platform-makers like EnjinCoin and Bountie want its services to complement both hardworking gamers and players who want to train themselves into esports. Naturally, these sites are doing their best in keeping tabs on the market, as well as contribute to it in some shape or form. Based on recent reports from The Esports Observer, they seem to be in a very good place, financially speaking.Â
The news site has published its Q1 2018 Esports Business Digest which details the most relevant financial movements in the esports circuit over the last three months. Within that short amount of time, the industry has raised more capital in this specific quarter than any other quarter in the past few years. Specifically, the total number has almost reached the US$2 billion mark.
Why is this upsurge happening? A few reasons:
This is definitely good news, as there are a lot of people who want to support such endeavours and keep the field growing. How far can it go beyond The International and Overwatch League? Who knows, but one thing is for certain: companies and startups will need to keep the esports and gaming scene growing with its new ideas and innovations.
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