NEW YORK, NY / ACCESSWIRE / July 12, 2021 / Built for grassroots tournament organizers, Community Gaming's platform makes it simple to create custom esports tournaments in under 5 minutes with preconfigured payments. Without any background knowledge of how wallets or smart contracts work, tournament organizers on Community Gaming can now seamlessly deploy their esports tournaments onto the Polygon network, allowing for instant player payments.
The Polygon team has built the premier Ethereum scaling solution now with over 5M daily transactions and 800k unique users. They have combined multiple L2 scaling approaches to combat the current stress on Ethereum's Mainnet as we continue to see record high usage and volatile transaction fees.
Among the first tournaments deployed to the Polygon Network on CommunityGaming.io were a Gods Unchained tournament and an Axie Infinity tournament. Thousands of players are competing each month for prize pools denominated in tokens like ETH, MATIC, and USDC.
Winning players receive their tournament winnings through one single transaction, in under 3 seconds with an average transaction fee of 0.0012 MATIC. This is in stark contrast to traditional tournament payouts which can take days or weeks to complete and require organizers to tediously send payment individually. Moreover, typical prize pool fulfillment can be accompanied with significant fees and onerous accounting.
This partnership comes off the heels of Community Gaming's recent announcement of a seed funding round in which it raised $2.3 million dollars from investors such as CoinFund, Animoca Brands, Dapper Labs, Multicoin Capital, Mark Pincus' WorkPlay Ventures, Signum Growth Capital, and Kevin Durant's ThirtyFive Ventures.
"For event organizers on our platform, this integration means being able to easily create, run, and facilitate tournament payments with sub-penny transaction fees in any country." says Community Gaming CEO Chris Gonsalves
"By integrating with Community Gaming we continue to bridge the gap between decentralized technologies and the competitive gaming community with fast and cheap payments combined with secure and trustless on-chain transactions. Sandeep Nailwal, Co-Founder and COO, Polygon
Skyweaver Summer Series Powered by Polygon
The first official Polygon-powered tournament of the partnership will be a $2,500 Skyweaver tournament taking place in mid August. Skyweaver is the free-to-play trading card game where players actually own, trade and sell their NFT cards created by Horizon Blockchain Games. Skyweaver's deep yet accessible gameplay is designed for both competitive and casual players. And, its economy is forged by the players where all cards are created through gameplay by those who dare to conquer.
Prizing will be $2,500 in MATIC token sponsored by Polygon along with Skyweaver NFTs provided by Horizon Games. The event will be livestreamed on Community Gaming's Twitch channel with popular Skyweaver influencers commentating and competing.
About Community Gaming
Community Gaming is the all-in-one platform offering esports infrastructure to all key stakeholders in the industry. Through its seamless UX and highly scalable blockchain payment technology, the platform equips players, organizers, and game developers with the tools they need to create, facilitate, and participate in esports tournaments.
is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon's Layer 2 Chains have seen widespread adoption with 400+ Dapps, ~5M daily txns and ~1.5M+ unique users.
SOURCE: Community Gaming