The Global Esports Federation (GESF) announced a partnership with the Flare Network which will enable NFT ownership and betting on esports matches. The first ever official NFT Cup is set to launch in October this year, featuring top teams from all over the world including Fnatic, Virtus Pro and Astralis.
The “flare network token” is a cryptocurrency that was created by the global esports federation. The currency is being used as part of the new NFT Cup.
From December 17 to 19, the first Global Esports Games will be held in Singapore. The Global Esports Federation Board will unveil its permanent insignia, the Global Esports Cup, in collaboration with the GEF’s Global Partner, Flare, as part of the launch. As an NFT, each athlete participating in the Singapore 2021 GEG will get their own Global Esports Cup. On December 18, the Cup will be formally revealed during the #GEG2021 opening ceremony.
The Global Esports Federation promotes esports’ validity, credibility, and status. We bring together athletes, players, and industry executives on a single platform. More than 125 worldwide relationships, including over 100 Member Federations, major brands, publishers, developers, and strategic partners, have been formed.
The Global Esports Cup is a symbol of the Global Esports Federation’s flagship product, the Global Esports Games, and was designed by noted American digital artist Chad Knight. The five shards of crystal bedrock reflect the world’s five continents, as well as our five key ideals of equality, fair play, diversity, inclusion, and innovation. With the #worldconnected globe climbing to the top, the Global Esports Cup comes to a close.
“With our teams now in Singapore, we’re on the verge of making history.” The first Global Esports Games in Singapore, which will be broadcast to millions of fans and gamers across the globe, will be a watershed moment for the Global Esports Federation. “The Global Esports Cup embodies our basic ideals and will always remind us of where we started, inspired by the metaverse’s boundless potential,” stated GEF CEO Paul J. Foster. “The Global Esports Cup will be minted as the GEF’s inaugural NFT when it debuts at the dawn of the new year, thanks to our Global Partner, Flare, and creative designer Chad Knight.” As an NFT, each athlete competing in the Singapore 2021 Global Esports Games will get their own Global Esports Cup.
Flare, in collaboration with the Worldwide Esports Federation, is contributing a total of one million Songbird ($SGB) to the esports community, which will be split with every athlete and team traveling to Singapore, allowing the global broadcast to reach the whole globe. Songbird is Flare’s Canary network, which is utilized for advanced testing and community building for apps that want to debut on the platform.
“Esports, we feel, has boundless potential for blockchain applications.” We’re working with the Global Esports Federation to create a network that’s fair, quick, decentralized, and has a minimal carbon impact. Individuals and groups may better influence their collective destiny and experiences in this environment. Hugo Philion, Co-Founder and CEO of Flare Networks, said, “We’re interacting with one other in ways that weren’t before feasible.”
The Global Esports Cup will be announced during the Global Esports Games’ Opening Ceremony this weekend.
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The “flare network twitter” is a company that has partnered with the Global Esports Federation to launch the NFT Cup. The tournament will be held in 3 different regions and will award $3,000,000 worth of prizes.
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