American esports betting company Unikrn is now in a position to license its patent-pending crypto-betting technology to partners in the esports space. While the formal award of patents are awaited, the company is now able to legally defend itself against any misuse of its innovative intellectual property (IP).
The esports industry is hot, and the revenues could touch US $ 2.5 billion by 2020. The industry is heavily regulated. Companies that can provide safe, regulated, and engaging experience for the players will see significant growth in the coming years.
Starting 2014, Unikrn has filed multiple patent applications for technology solutions that will allow players to bet on esports using cryptocurrencies. Finally, their efforts seem to bear fruit, as now their IP is formally defensible. The application process will continue through 2019 and patents are expected to be granted by the major patent offices around the world.
Unikrn‘s patent applications broadly cover the following:
- Crypto-betting technology on video game play;
- Additional token functionality;
- Additional wallet functionality.
Unikrn‘s ability to legally defend its IP brings significant advantages to the companies venturing into esports betting. They can now use Unikrn‘s technology solutions into their own gaming platforms and tokens, as authorized partners of Unikrn.
Unikrn already has licenses to allow legal crypto-betting in esports in places like Malta and Isle of Man. They have users all around the world, and their crypto token UnikoinGold (UKG) is already in use. UKG was launched in October 2017, and the platform, built on Ethereum and using ERC20 standards, has raised a considerable sum already. UKG can be purchased from KuCoin and RadarRelay exchanges.
Unikrn was founded in 2014, and has offices in Las Vegas, Seattle, Sydney, and Berlin. Their CEO Rahul Sood, who is also the founder, has wide experience in esports and online gaming. Unikrn is reaching out to potential partners that want to enter the exciting esports space, and Unikrn is offering them their platform. Unikrn is currently the only company in the esports betting market with a working and popular platform, legally defensible IP enabling crypto-betting, and therefore enjoys a niche position. Incidentally, Atari, the maker of the 1980s video games like “Pac-Man” and “Space Invaders“, also has a plan of letting their Atari Token in online gambling.
Author: Author : Anujit
Anujit has over two decades of IT industry experience, spanning software development, project management and consulting areas, and has added significant value to the businesses of clients he has supported. Outside of working hours, Anujit is passionate about history and sports.
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