R6 Esports and Crypto; looking back at all those announced partnerships

In the video gaming world, Ubisoft is currently leading the way in enthusiasm by AAA studios for cryptocurrency. 2021’s biggest buzzword became a pillar of the company and Ubisoft’s ruling family has been touting time and time again is the future of gaming. While Rainbow Six hasn’t seen the inclusion of any NFT-based skins so far, it is probably no surprise that cryptocurrency has taken root in organizations around the world though advertising gambling sites is banned.

At the moment, Bitcoin has lost more than half of its value in 2022 alone while Ethereum is down two-thirds, and NFT sales have dropped by more than 90%. This is a part of a major cryptocurrency crash that a very large portion of the video gaming world will be happy to see. The rise in crypto has caused a rise in GPU prices, led to a massive amount of targeted scams, and done significant environmental damage.

Nevertheless, this poses a pretty big risk to the dozens of esports organizations that latched themselves onto the latest cash cows — they may start seeing money drying up or projects failing.

While I’m not going to argue if NFTs or cryptocurrency, in general, have any use in gaming to begin with — that’s a topic that I doubt a SiegeGG article would be able to change any minds about — here’s a look at which organizations invested into the cryptosphere, what’s happened to these projects as the digital economy goes bust, and which of the organizations are most at risk.

How Crypto is implemented
Firstly, there are a number of ways in which organizations have decided to get involved in cryptocurrency. Some are simply advertising a product, while others are making entire blockchain games. Obviously, a few methods require significantly more investment and organization-backing than others.

Source: https://siege.gg/news/r6-esports-and-crypto-lets-look-back-at-all-those-announced-partnerships