The platform is also integrating an online treasure hunt, Satoshi's Treasure, with $1 million worth of bitcoin to be split among 1000 winners.

In a June 23 statement, the UK-based company said it is in the pre-launch phase of a platform that will offer some of the most popular games in one mobile application for crypto prizes. Blockchain technology will decentralize verification and support for transactions inside the platform.

"Cryptocurrency payment specialist 'Cryptopay' is being used by ESPN Global, to make the process a lot simpler, swift and secure," the company announced. Users can choose a game or join a group of participants to compete in real-time and be awarded on the basis of highest score.

The platform also offers premium membership whereby one gets priority access to slots and early access to the most popular games. The mobile e-sports unit in UK falls under ESPN Global Corporation Ltd. which is headquartered in Poland.

An ESPN Global director, Mr. Chris Parker, spoke on the attraction of blockchain. "As per a research done by 3EA Limited, a global strategic management consulting group, e-sports and online gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of the Blockchain technology," he said.