Advertisement PDAX Banner

Zyori of Axie Infinity: Smart Contracts Can Help Solve Esports Third Party Issues

Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.

๐Ÿ“ฌ Get the biggest crypto stories in the Philippines and Southeast Asia every week โ€” subscribe to the BitPinas Newsletter.

โ€œThe contracts are often messy when it comes to esports. A lot of the players are underrepresented and thatโ€™s a case where you wonder (if) those tournaments even have that money to begin with? In the case of smart contracts and blockchain at the very least you could lock that money.โ€ โ€“ Andrew Campbell, Sky Mavis Program Lead for Esports and Content Creators

Zyori of Axie Infinity: Smart Contracts Can Help Solve Esports Third Party Issues

Andrew Campbell (aka Zyori), Sky Mavis Program Lead for Esports & Content Creators, discussed how Smart contracts can help solve third party issues. During the March 3 episode of BitPinasโ€™ Webcast, he explained how these contracts not only make the transactions better, but also help the players to actually receive what they worked for.

He stated that utilizing smart contracts increases transparency for all entities involved in an event. Zyori explained that during his experience as caster for strategy multiplayer game DOTA, a lot of players have fallen victim over gaming tournaments that distribute the prizes lower than the promised amount or sometimes even none at all.

Photo for the Article - Zyori of Axie Infinity: Smart Contracts Can Help Solve Esports Third Party Issues

Zyori pointed out that with smart contracts, instances like these would be prevented and the players will be more assured and insured with the tournaments they join in. 

Advertisement PDAX Banner

โ€œ(However) thatโ€™s not completely foolproof. Smart contracts donโ€™t prevent human greed and canโ€™t save us completely from human condition. But it’s just one more tool in our chest,โ€ he added.

It is better to be safe than sorry, is what Zyori tried to emphasize as he pointed out that โ€œutilizing smart contracts to make things a little more transparent gives us more tools to solve a really big issue existing in third party esports.โ€

Zyori also expressed his belief in the blockchain and its potential in revolutionizing the ESports scene. One of which is the blockchain gamesโ€™ ability to progress by self-funding. He noted that Sky Mavis was โ€œvery smartโ€ about allocating their funds in their billion dollar-worth community treasury and play-to-earn funds.

Photo for the Article - Zyori of Axie Infinity: Smart Contracts Can Help Solve Esports Third Party Issues

โ€œObviously, not all of that is ear-marked for esports but it means that I donโ€™t have to sell sponsors I donโ€™t like to make this thing happen. It means that we can fund it ourselves and commit to an esports roadmap and bring on sponsors that are good for us, good for our community. (We could also) sell products we believe in and help us achieve our goals of building a digital nation and increasing digital property rights for the game,โ€ Zyori explained.

According to Zyori, a personโ€™s wallet address could also serve as their bank account, helping ease the distribution of prizes in tournaments or game season awards. He also noted how it makes distributing a playerโ€™s accumulated awards possible no matter how minimal it is, adding that these are not possible in the traditional esports because of the โ€œlogistic work it takes to collect all the payment information and the cost to send money globally.

โ€œIn this case, we could build a tournament bracket thatโ€™s integrated with your ronin account and then when the tournamentโ€™s done, we just click โ€˜yes send prize poolโ€™ and that AXS is (already) distributed to anybody that participated.โ€ he said.

Zyori of Axie Infinity Interview about Axie Esports and Axie Origin - BitPinas Webcast 12

Zyori emphasized that with those steps, it allows them to โ€œtake meaningful steps towards esports for everyone.โ€

This article is published on BitPinas: Zyori of Axie Infinity: Smart Contracts Can Help Solve Esports Third Party Issues

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.