Nerd Street Esports Signs Multi-Million Sponsorship with FTX US Crypto Exchange

Nerd Street Gamers, a national esports platform based in Philadelphia, announced a partnership with FTX US, a major US-regulated crypto exchange on Thursday. As part of the deal, FTX US will sponsor the forthcoming Nerd Street Championships this summer as well as Nerd Street's national schedule of weekly community events at their nine owned-and-operated esports venues.

According to the report, FTX US will power Nerd Street's ability to accept cryptocurrency payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, provide crypto payouts to its players, employees, partners and fans, as well as empower additional future blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-related features.

In contrast, Nerd Street will give exposure to FTX by leveraging its live broadcasts, digital tournaments and in-person events to provide educational content surrounding blockchain technology and FTX’s business activities aimed to benefit general users, including gamers.

Brett Harrison, the President of FTX, said: "FTX US has a strong focus on making sure our industry, crypto, is a safe accessible place for all types of people. That's why as a gamer and esports fan I'm proud to support Nerd Street's mission to likewise bring esports to everyone. Their platform is unlocking a massively untapped market of gamers that want to participate but lack access, and we're excited to support their growth."

Meanwhile, John Fazio, the CEO and Founder of Nerd Street Gamers, added: "Every time a new paradigm in technology opens up, the internet, web browsers, mobile phones, or social networks, there is always a lot of noise, and the majority fails to sustain beyond the initial hype. With blockchain, it's been no different. Our partnership with FTX US is focused on arming our gamers with context and knowledge to cut through the noise of getting rich quick schemes and see the real value of this new technology. Through our partnership with FTX US, we'll begin rolling out blockchain enhanced features that provide value without cost to our members."