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Blockchain eSports Platform ICO Raises $30 Million

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Play2Live, the decentralised streaming platform for gamers and eSports fans, has completed its ICO campaign, raising a total of $30 million in less than two months. The funds will be used to build a transparent and user-friendly ecosystem for streaming and gaming projects, with Play2Live’s proprietary cryptocurrency Level Up Coin (LUC) as payment within the system.

The success of the ICO will further develop the Play2Live Level Up Chain, which will allow the team to create an end-to-end solution for streamers, gamers and eSports fans. During the course of the campaign, Play2Live achieved its hard-cap of sales, with a total of 1,308,800,000 LUC sold from investments acquired worldwide.

Alexey Burdyko, CEO and Founder of Play2Live, said: “We are beyond happy with the results of our main token sale (raising 30 million dollars). This is proof to the success of our carefully executed day-to-day operational functions of our international team. We aim to develop a solution that is superior from that of the existing platforms in terms of user-friendliness and build a solid ecosystem that will surpass all the exciting challenges of the eSports streaming industry.”

Play2Live aims to combine blockchain technology with its streaming services, whilst offering 15 sources of revenue for participants. Introducing a mixture of interactive features and monetising tools currently not offered on existing streaming platforms, the further development of the Play2Live Level Up Chain aims to create an ecosystem with speed, transparency and availability.

In February 2018, Play2Live held an eSports tournament in CS:GO with a cryptocurrency prize pool: Play2Live CryptoMasters, with eight international teams taking part in the tournament which boasted a mainprize of 2,000,000 LUC tokens ($100,000). The tournament was broadcasted in 16 languages and gained 950,000 views.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.