Top TCG Project on BNBChain ERA7 Acquired ESFI, A Web3 E-Sports Platform
Singapore, Singapore--(Newsfile Corp. - November 2, 2022) - Top trading card game [ERA7] on BNBChain has acquired 35% stake of [ESFI], a web3 e-sports management platform at a valuation of $30M, and invited [ESFI] founder Adam Zhao as ERA7's new CEO. The merge of two teams will strengthen the development progress of the web3 e-sports competition system, game-focused NFT marketplace and community governance for ERA7.
[ESFI] is a platform that focuses on web3 e-sports events. It hosts innovative events for web3 gaming, incubates e-sports star players and pro teams, and brings web2 players into the web3 world via its proprietary services and tools. At present, the platform has cooperated with dozens of game guilds, studios and streamers. ESFI platform users can quickly create e-sports tournaments with customised bracket settings, post-match prize auto-settlement and NFT trophy distribution through smart contracts. Previously, the ESFI team held the Master Battle Beta for ERA7 in July and was highly praised by the core players on ESFI's visual design, multi-dimensional awards setting and innovative competition model.
[ERA7] is an originated web3 card battle game, which has been ranked among the top three daily active players on BNBChain for 5 months. Three years of development on game play has resulted in ERA7 having 7 major races, thousands of card designs, and a total of more than 100,000 strategy combinations. The light e-sports environment of playing a game in three minutes and high flip rate is very much in line with the mentality of blockchain game users. It is worth mentioning that ERA7 has developed a card NFT marketplace in order to adapt to digital asset properties. As of now, ERA7's NFT cards have reached a trading volume of nearly $12M in 6 months and the second-generation NFT blind box is expected to be released in mid-November.
In addition, there are nearly 300,000 PvP & PvE games per day in ERA7. The team developed a unique World Cup Tournament and in-game live streaming system for players. The World Cup Tournament (WCT) Season 1 was held in September, attracted tens of thousands of players from more than 30 countries, with 1,296 finalists to fight for a total prize pool of $130,000. WCT S1 created 500k unique views via live streaming and edited video clips. The upcoming WCT Season 2 will officially start on 11.6. In the S2, ERA7 not only set up a balanced prize pool for the champion players, but has also prepared a variety of activities and bounties for game streamers, players, and users from more than 10 partners. ERA7 aims to create a web3 e-sports model that a wide range of users could participate in, and is well managed and sustainable.
ERA7's strategy of investing in the e-sports is line with concept of "eSportsFi" that ESFI advocates: the next generation of blockchain game with more emphasis on game play. The acquisition shows that ERA7 has the intention to create a platform with 3 pillars: a top TCG game, a web3 e-sports platform, and a game NFT marketplace. The strategy provides far more flexibility and possibility to ERA7 by not limiting itself as a gamefi project but also as an incubator or ecosystem.
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