Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Flare Expands Into Gaming and NFTs With Rival Partnership

CryptocurrencyNov 23, 2021 11:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Flare Expands Into Gaming and NFTs With Rival Partnership

  • Flare announces partnership with esports and gaming platform Rival.
  • Fans will be rewarded with Flare’s Songbird and FLR token for gameplay and achievements.
  • They can trade their rewards for ticketing, game passes, NFTs, and more.

Gaming has always been part of mankind, however, the inception of cryptocurrency makes it even more intriguing for people of all ages. Especially the Play-to-Earn concept that has risen in popularity. Of course, NFTs are not left out in this new wave. Against this backdrop, many enterprises are expanding their ecosystem with strategic partnerships incorporating the above-mentioned.

Decentralized smart contract platform, Flare is excited to announce it partnered with leading e-sports, gaming, and fan engagement platform Rival. In this partnership, Flare will become the NFT, utility, or DAO token platform for Rival’s NFT marketplace.

Specifically, Flare is a unique network leveraging the decentralization and security of smart contracts which makes it scalable, low cost, and low carbon. It runs the Ethereum Virtual Machine and uses Federated Byzantine Agreement-based consensus.

This means on the Rival Platform, users will be rewarded with Flare’s Songbird and its natiev token FLR for gameplay and achievements. Also, they will have access to Flare and Songbird native Bifrost wallets to easily access their rewards. Similarly, the rewards received can be traded for NFTs, game passes, branded client merchandise, and ticketing.

Using Flare’s canary network Songbird as NFTs, fans competing on the Rival platform will now be able to buy, sell, wrap and engage in fresh ways. Flare’s Turing-complete smart contracts and low carbon footprint allows fans access to all the benefits of connecting with their favorite teams on the blockchain without. This process eludes them from the hassle of the common environmental costs associated with traditional consensus solutions.

Speaking on the partnership Rival CEO Matt Virtue says,

Partnering with Flare enables Rival to expand its ecosystem and NFT capabilities for our clients across sports, brands, and media. This partnership augments the Rival ecosystem and provides additional levers of engagement and community building with one of the fastest-growing audience segments in the world.

To add on, Rival is a community builder based in the U.S. with operations worldwide. This partnership with Flare will further broaden the platform’s services to reach its global clients of professional sports teams, media properties, and organizations.

CEO and Co-Founder of Flare, Hugo Philion, states that “the partnership is the perfect match because eSports have exploded in the last few years and now most of the major sports organizations in the world are looking for opportunities in gaming which enable them to truly deepen their fan engagement by enabling a myriad of different use cases for user-generated NFTs.”

To note, Rival is a first-of-its-kind, enterprise platform solution that enables companies and organizations to leverage the popularity of gaming and esports. to acquire new customers, build a loyal community around their brands, create new revenue streams and drive engagement.

Continue reading on CoinQuora

Flare Expands Into Gaming and NFTs With Rival Partnership
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email