Want to know what’s next for the gaming industry? Join gaming leaders to discuss emerging areas of the industry at GamesBeat Summit Next this October. Learn more.
Fitchin has launched a Web3 gaming platform combining cryptocurrency, blockchain gaming and e-sports.
As a digital esports ecosystem powered by blockchain, Fitchin said it enables its community to compete in tournaments, gain members-only access to community hubs of top esports teams, collections of non-fungible tokens (NFT) in Buy limited edition and participate in exclusive events and experiences.
Players can earn rewards for milestones and contributions. The platform’s “play-to-earn” gaming economy provides a one-stop shop for connecting and serving the global esports community, the company said.
Fitchin executives, including CEO Santiago Portela, come from sports, gaming, crypto, finance and media backgrounds.
“Fitchin is the partner of choice for professional esports teams and content creators looking to grow their fan base through value-added experiences while generating new revenue streams,” Portela said in a statement.
Sergio ‘Kun’ Agüero, a professional gamer and streamer soccer player, is the main brand ambassador and senior advisor. He is the CEO of KRÜ Esports. Additional partnerships and strategic consulting roles will be announced later this year.
“Fitchin opens the gate to bring millions of players into the crypto world, and it will shape the future of how esports teams interact with their communities on Web3,” Aguero said in a statement. “The platform helps teams build a more loyal following and monetize engagements while giving players everything they want in one place: exciting competitions, social interactions with pro players, NFT collectibles and more.”
The Fitchin ecosystem will offer a four-pronged user experience:
- A gamified tournament platform where players can play, join global leagues, compete in tournaments representing their esports communities, and earn badges, XP points, and P2E rewards.
- Community hubs where players can connect with their favorite teams and streamer communities and access exclusive members-only benefits and experiences. These perks include voting rights, private chats, exclusive events and contests, limited collections, and more.
- A digital esports marketplace where players can buy membership cards, NFT collections, event tickets and merchandise from teams and content creators.
- Fitchin Metaworld, a Metaverse playground for the community to have their own clubhouse, showcase their achievements, mingle and compete within this new digital frontier.
Fitchin will host several tournaments after its launch. The company has about 30 employees and will announce its financing details later. The company was founded in January after a meeting between Agüero and Portela. During these discussions, the Fitchin founders recognized a pressing need for a platform that enables teams and content creators to connect more closely with their communities, and that also generates new revenue streams in a way that leverages the power of Web3.
GamesBeat’s creed when it comes to gaming industry coverage, “where passion meets business”. What does that mean? We want to tell you how important news is to you – not only as a decision maker in a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn more about and enjoy engaging with the industry. Learn more about membership.