Tencent Games Enters New Partnership with Blockchain Esports Platform

A publication has been made on the partnership between an esports entertainment platform on the blockchain, and Tencent Games. The reason for the association is to launch a live esports channel that will operate each and every hour of the day and will contain fresh new features to improve interaction such as prediction games, trivia, and gifting prizes for the audience.
The channel will also host streamers from FaZe Clan, Method, and NRG. Tencent Games made the partnership announcement on the 19th of November and revealed that Theta rewards would power the channel. The major game developer also stated that users would be able to buy items in the game and access upgrades using the Theta tokens.

Ring of Elysium Players to Earn Theta Tokens

The major game developers released a statement in which they revealed they were excited at the opportunity to integrate Theta rewards to players of Ring of Elysium, popular battle royale game, noting that streamers of the game on would be rewarded with Theta tokens for merely signing in and watching the content. In the statement, it was further revealed that, in the platform, Theta tokens could also be used to buy in-game items and skins, and even to get discounts on products sold by connected sponsors of the game. The co-founder and CEO of and Theta Labs, Mitch Liu, stated that;

“Our partnership with Tencent Games will help us continue to drive interactive esports by featuring exciting content from Ring of Elysium. Combined with our unique Theta rewards and blockchain technology, users become part of the esports experience, driving greater engagement and retention for our partners and games.”

Theta’s Plan to Gain Mass Adoption

This is big, positive news for the crypto space because this seems to be the first of associations between a major game development players towards the crypto framework. Tencent Games amasses the most massive profits in the world for a gaming company and develops content for games for several users running into millions all over the globe. They have stakes in Epic Games, Supercell, and Riot. Apart from Ring of Elysium, Tencent Games also publishes the widespread League of Legends title in China’s market.
Theta has marked this partnership strategy to allow for the mass adoption of their tokens on their roadmap and making its dream a reality. The partnership between Theta and Tencent Games subsequently came a couple of months after its collaboration with MBN and CJ Hello. After the partnerships, Theta got listed on Bithumb exchange.
Theta token
Several game developers have previously been developing games on the blockchain to allow for adoption of their tokens to allow for a smooth flow in their ecosystem but with none breaking through massively. It seems Theta has been implementing its strategy in a successful way, and with the firm’s latest partnerships, looks set to become the first to break the ice in the adoption of tokens through gaming.

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