Veltyco extends partnership with esports.com

Gaming industry online marketing and operator company Veltyco Group announced on Thursday that it has extended its partnership with eSports.com and has entered into a joint venture with eSports.com to join forces in a blockchain project.

The AIM-traded firm said the purpose of the project was to create an infrastructure to bring members and customers of sports, gaming and playing communities to a fully transparent technological platform.

“The platform will seek to transfer data such as know your client regulated information, but also historical data, in a decentralised manner and could, in the future, be combined with automated payments,” Veltyco’s board said in its statement.

eSports.com AG - the parent company of eSports.com - and Veltyco would each have a 50% interest in the joint venture and would provide equal funding to the project.

Veltyco said eSports.com is a fast growing eSports community portal targeting a significant global audience.

It operates the portal under the domain www.esports.com, with Veltyco having a minority interest in eSports.com.