Zhou: FirstBlood Monetizes Through Small Fees on Tournament Winnings
Joe Zhou · 784: Crypto: How ICO Companies Turn Money Raised Into Cash-In-Bank To Fund Growth · Sep 16, 2017 · at 3:01
Joe Zhou, founder of decentralized esports platform First Blood, explains how the company generates revenue from amateur esports competitions.
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“First Blood is a platform that allows gamers to play games not only for fun, but also for money. The business model behind First Blood is really just, we're trying to open it up this venue for amateur gamers to compete against each other, demonstrate their skills, and hopefully win some money, and in this process, First Blood gets to charge money of each games they're playing against each other, or each tournament that's being hosted on the platform will have a payout curve, where we charge the winning proceeds from the winning team. A small fee.”
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