Australian cryptocurrency venture firm, FatFish Internet Group (FFG), has purchased 3.45% of German website eSports.com, in a move that is sure to be watched closely by others within the blockchain and investment sectors.
FatFish, in its announcement to the ASX, said the deal was secured with a “share swap” involving its partner company iCandy Interactive.
“The investment will give FatFish shareholders exposure to the worldwide eSports industry,” the statement said.
“eSports.com is an eSports and blockchain company that is well positioned for growth, with the eSports industry attracting a fan base across Europe, Asia, North and South America of over 380 million people.”
FatFish CEO, Kin Wai Lau, said “this is an exciting opportunity to partner with an industry leader.”
“There are strong working synergies between both FatFish, iCandy and esports.com and once the transaction is complete, the collaborative working relationship will drive both businesses in a very positive way,” he said.
eSports, also known as electronic sports, competitive (video) gaming, professional gaming or pro gaming, is a form of competition using video games.
Most commonly, eSports take the form of organised, multiplayer video game competitions, particularly between professional players.
The eSports sector already has investors from within the Australian blockchain community.
Jamie Skella, the co-founder of voting platform Horizon State, is the Co-owner of eSports gaming bar GG EZ.