Stock Market News
Veltyco extends partnership with esports.com
Gaming industry online marketing and operator company Veltyco Group announced on Thursday that it has extended its partnership with eSports.com and has entered into a joint venture with eSports.com to join forces in a blockchain project.
The AIM-traded firm said the purpose of the project was to create an infrastructure to bring members and customers of sports, gaming and playing communities to a fully transparent technological platform.
"The platform will seek to transfer data such as know your client regulated information, but also historical data, in a decentralised manner and could, in the future, be combined with automated payments," Veltyco's board said in its statement.
eSports.com AG - the parent company of eSports.com - and Veltyco would each have a 50% interest in the joint venture and would provide equal funding to the project.
Veltyco said eSports.com is a fast growing eSports community portal targeting a significant global audience.
It operates the portal under the domain www.esports.com, with Veltyco having a minority interest in eSports.com.
The AIM-traded firm said the purpose of the project was to create an infrastructure to bring members and customers of sports, gaming and playing communities to a fully transparent technological platform.
"The platform will seek to transfer data such as know your client regulated information, but also historical data, in a decentralised manner and could, in the future, be combined with automated payments," Veltyco's board said in its statement.
eSports.com AG - the parent company of eSports.com - and Veltyco would each have a 50% interest in the joint venture and would provide equal funding to the project.
Veltyco said eSports.com is a fast growing eSports community portal targeting a significant global audience.
It operates the portal under the domain www.esports.com, with Veltyco having a minority interest in eSports.com.
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