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Community Gaming and Team Liquid Announce $20K Onchain Summer 2024 Tournament Series
Community Gaming and Team Liquid have unveiled a new tournament series for the Onchain Summer 2024 celebration. The North American leg of the series boasts a total prize pool of $20,000, featuring competitions in Team Fight Tactics (TFT) and Hearthstone. Winners will receive payouts in USDC on Base, the Layer-2 blockchain developed by Coinbase.
Jesse Pollak, Creator of Base, emphasized the impact of USDC on Base in esports: "Esports is a billion-dollar industry where substantial earnings can be lost to fees and intermediaries. By leveraging USDC on Base, more winnings can directly benefit players. We're excited to see Team Liquid and Community Gaming pioneer cheaper and faster on-chain payments on Base, a positive step for esports."
Team Liquid and Community Gaming New $20K Tournament
Onchain Summer 2024 Event
The tournament series kicks off with two $5,000 Team Fight Tactics (TFT) events scheduled for June 29-30 and July 13-14. Each event will adopt a 256-player battle royale format. Following TFT, attention turns to Hearthstone, with two tournaments on July 27-28 and August 17-18. These Hearthstone tournaments will feature 128 players in a single-elimination Bo3 setup, each with a $5,000 prize pool.
Winners will benefit from swift and secure payouts in USDC on Base. Chris Gonsalves, CEO of Community Gaming, highlighted, "Delayed payments and high fees are prevalent in esports. CG's automated payment system powered by Base ensures prompt, secure, and transparent payouts."
This initiative aims to resolve conventional payment challenges in esports, guaranteeing players receive their earnings promptly and without additional costs.
More About Team Liquid
Founded in 2000 in Utrecht, the Netherlands, Team Liquid stands as a premier esports organization competing across various titles including League of Legends, Counter-Strike: Global Offensive, Dota 2, and VALORANT. With a staggering $49 million in prize money from over 7000 tournaments, Team Liquid remains the most successful esports team in the Western market. The organization operates globally, maintaining strong footholds in North America, Latin America, Europe, and Southeast Asia.
Shelley Taniguchi, Director of Global Partnerships at Team Liquid, underscored the benefits for players: "All top 16 players will receive instant payouts with no post-tournament fees. Winnings will be deposited into their Coinbase Smart Wallets for immediate use. Collaborating with Coinbase on-chain products is invaluable to the gaming community."
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Final Thoughts
This tournament series forms part of the broader Onchain Summer event, an annual initiative by Coinbase aimed at introducing more users to blockchain technology. Onchain Summer celebrates the convergence of art, music, gaming, and blockchain, with this year's esports tournaments highlighting the efficiency and security of blockchain-based payments. For further details, please visit Community Gaming's official social media channels.
