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 , provide crypto payouts to its players, employees, partners and fans, as well as empower additional future blockchain -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."
