Today, I want to tell you about an industry on the verge of becoming a global mainstream market.

It also happens to be an industry ripe for the blockchain, but we’ll get to that in a moment.

The industry I’m talking about is eSports.

If you’re not familiar with eSports, it refers to competitive online gaming.

Here’s what you need to know about the industry: It’s growing faster than a California wildfire.

eSports research firm Newzoo projects revenues to grow 41% this year to $700 million. Going forward, revenues will reach $1.5 billion by 2020. That’s an annual growth rate of over 35%.

Its audience is growing rapidly as well. The global audience will reach 385 million in 2017, up 64% from two years ago. And it’s expected to reach nearly 600 million by 2020, growing over 20% annually from now till then.


Major Fortune 500 companies are already noticing the growth. Nike, Adidas, and Under Armour are all battling it out for sponsorship deals. Media rights are expected to grow sevenfold to over $330 million by 2020.

Suffice it to say, eSports is a huge growth opportunity.

And opportunities like these are exactly what we want to bring you in The Palm Beach Daily.

Recommended Link

Free Training: How to Get Started With Bitcoin and Other Fast-Moving Cryptocurrencies
Three unstoppable forces are propelling Bitcoin and other cryptocurrencies higher in 2017, creating a one-time opportunity for life-changing gains. This Thursday, we’re putting on a free cryptocurrency training webinar, and giving you a chance to claim a portion of $250,000 of actual Bitcoin. Click here to learn how to stake your claim.

eSports and the Blockchain

eSports is a natural fit for the blockchain.

One key benefit is transparency. The decentralized system of the blockchain makes online gaming fairer. It prevents gaming companies from influencing the outcome of a game. And no player has a centralized advantage at any stage of the game.

But the real benefit has to do with money and financial transparency.

You may not be aware, but there are virtual economies built around these games.

Take Second Life, for example. In Second Life, players create avatars to interact with places, things, and other avatars. (An avatar is a virtual representation of yourself.)

And they buy and sell things, just like in real life, using the in-game currency Linden Dollars. What’s cool is that players can cash out Linden Dollars for real dollars.

In 2015, Second Life players cashed out over $60 million!

And if you converted all Linden Dollars into U.S. dollars, the virtual world’s GDP would be $500 million.

That’s just one example. Think of all the prize money sloshing around.

In 2016, there were over 400 eSports events with a prize pool of over $5,000.

But $5,000 is nothing in the world of eSports. One of the most popular games, League of Legends, had a $5 million prize pool in 2016. And for Dota 2, the prize pool was over $20 million!

eSports is a big business. Financial transparency is becoming increasingly important to the success of the industry.

That’s why I expect all eSports to eventually move over to the blockchain. The benefits are too large to ignore.

With it, all transactions are visible for verification on the blockchain.

Peer-to-peer transactions keep the gaming company from accessing players’ money.

Players hold their in-game assets outside the control of a central authority.

And as we’ve shown, the blockchain is far more cost-efficient than using traditional services.

Recommended Link

RICKARDS: Trump’s “Gold Executive Order” — Coming As Soon As Today
There’s a HUGE gold story you MUST KNOW… I’ve just uncovered new evidence that shows gold could be in store for a HUGE move, starting as soon as this week… You see, while the mainstream media is focused on Donald Trump’s immigration and tax plans… there’s something MUCH BIGGER coming. This new “Executive Order” could cause a massive run on gold. This story is moving fast. Click here for your full briefing.

Two Ways to Invest in eSports

So how do we play eSports and the blockchain?

Earlier this month, I showed you that there’s an exciting new “crypto” equities market flying under the radar. A common term for these crypto-equities is “app coins.”

Blockchain applications run on app coins. And we’re seeing app coins pop up across many industries, including eSports.

Here are two eSports app coins on my radar. You can buy them now if you want to get started right away. (We haven’t fully researched them yet, so do your due diligence.)

  • First Blood (1ST): First Blood is a decentralized eSports gaming platform built on Ethereum. It allows individuals and teams to compete in matches for popular online games such as League of Legends.
  • Game Credits (GAME): Game Credits is a digital currency used to facilitate in-game payments. The currency is instant, secure, anonymous, and easy to use.

[Note: These companies are not publicly traded. So you cannot buy them in your brokerage account. You can buy them on a cryptocurrency exchange.]

The second way to get broad exposure to the eSports explosion is to buy some bitcoin.

You see, bitcoin is the reserve currency of the cryptocurrency world. In order to buy other app coins, you need to buy bitcoin first. So naturally, as the demand for eSports app coins grows, so will the demand for bitcoin.

We recommend you use the Abra exchange to buy bitcoin. You can watch my free instructional video to learn how to set up your own account. If you’d like to do a bit more research on app coins before you buy, check out this free primer.


Greg Wilson
Analyst, The Palm Beach Letter

P.S. My colleague, Palm Beach Confidential editor Teeka Tiwari, has spent the last year diving deep into the cryptocurrency markets. He’s traveled all over the world and met with the leading cryptocurrency experts to learn about the most profitable plays the sector has to offer. And now, he’s hosting a special training series to share what he’s learned.

On April 17, Teeka’s free cryptocurrency training series starts. He’ll show readers how to get in on these once-in-a-lifetime opportunities. Get more information on what you’ll learn by clicking here.

Recommended Link

Whether you own gold or not…
This could have a massive effect on our economy. Sales of physical gold and silver are in full collapse. What exactly is going on? Billions of dollars are pouring out of gold and into a different corner of the financial markets. Full story here…


Emerging Bitcoin Markets: According to an analysis from CoinTelegraph, it appears that government developments from China, India, and Japan have a significant bearing on bitcoin prices. With Japan being the first of these Big Three to formally recognize bitcoin, and the common trend of technological advances hitting Asian regions first, it could be a promising sign for the world’s reserve cryptocurrency.

The Great Japanese Potato Famine: After a soiled harvest halted Japanese potato production this week, potato chip prices have risen sixfold. Bags sold by snack company Calbee that typically sell for 200 yen ($2) have been going for 1,250 yen ($12) on online auction websites. Analysts suspect the slowdown to affect everything from fast-food restaurants to PepsiCo, the multinational food producer with a 20% stake in Calbee.

The New “Picks and Shovels”: As bitcoin becomes more and more popular, and the network reaches its payout limit, the bitcoin mining industry has only grown in value. In fact, Quartz reports that bitcoin miners have collectively earned over $2 billion in revenue since the cryptocurrency’s inception in 2008. But as the number of bitcoins grows ever smaller, the “nerd war” over its scalability will only heat up