At the League of Legends World Championship Finals in South Korea last year, 100 million viewers tuned in to watch Invictus Gaming defeat Fnatic 3-0 and collect $2.4M in prize money. With its young, passionate and tech-savvy global audience, esports shares evident similarities with cryptocurrency. Not surprisingly, many predict great things for the twin industries whose future may lie intertwined.
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The $1 Billion Nut to Crack
With a 33% compound annual growth rate, the $1 billion esports market is highly lucrative. Hundreds of millions of fans regularly watch their esports heroes battle it out in games such as DOTA, League of Legends, Halo, and FIFA at live streamed events whose prize money can run into the millions. To its global audience of digital natives, accustomed to having everything they covet on demand, esports is to entertainment what cryptocurrency is to cash: the natural order of things. Most esports fans are too young to recall…