The Esports Players League (ESPL), a global provider of amateur esports tournament platforms, announced that it would launch ESPL Arena, the first true Host-to-Earn esports platform designed for Web3, named ESPL Arena. Esports platform Web3 will introduce its highly anticipated User Generated Tournament (UGT) solution to a global audience and offers tournament participants the chance to win tournament prizes in the form of digital assets.

With more than 280,000 active players worldwide and a presence in 17 countries in Southeast Asia and Latin America, ESPL is a well-established Web2 and Web3 amateur esports platform, hosting more than 2,000 tournaments since 2019 and reaching more than than 33 million global users.

ESPL is backed by a strong list of global investors, including Warner Music, 500 Startups, Genting Ventures, iCandy Interactive, RightBridge Ventures AB, CRAES, Infinity Ventures Crypto (IVC), and Arcanum Capital.

The company will look to incorporate professional and amateur gamers into its Web3 esports ecosystem through blockchain technology.

Froyo Games, a popular Web3 casual gaming platform, will support ESPL’s Web3 efforts by providing investment and strategic support for the launch of ESPL Arena.

Arena User Generated Tournament (UGT)

The UGT platform is the technology solution that powers ESPL’s Arena tournament organization, employing a user-friendly interface for players to enter, participate and submit scores for online esports events.

UGT is capable of disbursing tournament prizes in a flexible, transparent and secure manner, releasing NFTs and tokens to winning players’ wallets automatically while intelligently flagging questionable or conflicting submissions. In this way, a marshal can mediate between the hosts and the participants before the prizes can be awarded.

Utility Token Launched in Pancake Swap

The ESPL $ARENA utility token is launched in collaboration with Pancake Swap, one of the largest decentralized blockchain exchanges in the world. The newly released token will be used within the ESPL Arena platform, providing tournament organizers with a transparent and efficient way to bring players together for friendly competition. Organizers will be able to charge a fee for hosted tournaments with automatic prize allocation to participants at the end of competitive events, resulting in a true Host-to-Earn system.

The digital asset approach would allow organizers to efficiently host large and small open tournaments for online multiplayer games with a scoreboard.

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