What happened: Tencent Games has announced a collaboration with blockchain esports entertainment platform SLIVER.tv to create a 24/7 esports channel for new battle royale game, Ring of Elysium. The channel will feature a token rewards system created by SLIVER.tv with an interactive element that allows viewers to earn tokens that can be traded for in-game items.

Why it’s important: This is the first time Tencent Games, the world’s largest game company, actively engages with the cryptocurrency framework. However, blockchain technology is not new to the game giant. Soon after the success of Crypto Kitties, Tencent Games and a slew of Chinese internet companies started exploring blockchain technology in gaming. In April, Tencent Games launched its first blockchain mobile game.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.