Esports Innovation Group (EIG), has made a ‘significant investment’ for an undisclosed amount in blockchain layer 1 solution Callisto Network, which we believe is the perfect protocol for the future of gaming and esports. This investment follows our announcement earlier this year of an initiative to incorporate blockchain technology into our existing Web 2 solutions and develop new products for Web 3. At the beginning of the year, we significantly increased its Web 3 developments ranging from blockchain and artificial intelligence (AI) to metaverse solutions.
Following this investment, EIG’s founder Michael Broda has been appointed CEO of Callisto Network to bring the blockchain company to new heights within the gaming & esports industry. Since leading esports.com to be successfully acquired by Pro7Sat1, Europe’s largest media house, Michael has invested in and led companies such as; ESPL a global amateur league for esports with investors such as 500 Startups and Warner Music Asia, and EIG’s company ECON, a partnership alongside the DACH region’s leading media company B&M Marketing, an exclusive partner of Axel Springer.
We have developed a Web 3-enabled esports platform for Volkswagen-owned sports club VfL Wolfsburg along with our newest product, the ‘Gamers Passport’, branded as the ‘VfL Gaming Pass’. The ‘Gamers Passport’ aims to be every gamer’s personal account connecting them across the gaming ecosystem. Gamers will be able to sign in to any Web 3-enabled platforms, synchronise and feature their collections, display achievements, receive rewards and even create their own NFTs. These Web 3 tech developments were built on the Callisto Network. Using Callisto’s P2P NFT protocol, gamers will also have more control over their digital items, allowing them to trade directly with one another without the need for an intermediary.
“EIG’s Gamers Passport will be the first of many Web 3 innovations we target to launch in the near future. We see blockchain unlocking interoperability at scale for many gamers and businesses. This increased investment in Callisto Network and responsibility entrusted to me, will open more opportunities for collaboration as we provide businesses with Web 3 white-label solutions for Active Digital Entertainment.” said Michael Broda.
Blockchain technology has without a doubt become among the world’s most recent groundbreaking innovations. Although it has received its fair share of criticism, so did AI & machine learning. Recent tech advancements in the space have increased AI/ML’s practical applications, inspiring every industry to adopt it. Blockchain’s largest and most debated hurdle, preventing mass adoption, has been to show the proven utility of its technology. As gamers are the primary example of how the young value digital-only products, we believe our developments could be a catalyst for blockchain needs to achieve mass adoption.
EIG is a SaaS provider and venture corporation, dedicated to helping businesses thrive amongst gamers. With its proprietary technology, industry experts, and strategic partnerships, EIG offers a range of Esports as a Service (EaaS) products and services to help businesses deliver the best possible experiences for gamers everywhere. Headquartered in Switzerland with offices in Europe, Asia and the US, EIG is at the forefront of Gamer-centric technology. — “EIG is on a mission to inspire an entire industry as the architects of active digital entertainment technology.”
Callisto Network is a Smart Contract platform based on a proof-of-work blockchain. "CLO" is the native coin of Callisto Network; it allows for fast, secure, and low-cost transactions. Founded by Dexaran, co-founder of Ethereum Classic, Callisto Network has made numerous contributions to improve Ethereum, Ethereum Classic, EOS and has audited over 320 smart contracts without any of them being hacked, establishing the team as one of the crypto security industry leaders. Today Callisto Network is leveraging its expertise to pioneer the most advanced and secure proof-of-work blockchain.