ChainCatcher news, the Web3 esports platform MTT Sports will launch a Bitcoin tournament in October, where participants have the chance to win 1 Bitcoin, and entry is completely free. Starting from October 1, the weekly tournament rewards will include 1 Bitcoin and at least 100,000 MTT tokens. The project team plans to prepare 100 Bitcoins as promotional rewards.MTT Sports is a poker competition application specifically designed for Multi-Table Tournaments (MTT) and does not support cash table games. The team's mission is to promote the MTT tournament model globally and encourage more people to participate in this fair and competitive competition format. MTT Sports has developed the MTT Network chain compatible with EVM using the Cosmos SDK, and the random dealing process of the game will be verifiable on-chain, ensuring transparency and openness.It is reported that MTT Sports has secured $10 million in anonymous funding, with most team members being experienced developers.

ChainCatcher news, the Web3 esports platform Community Gaming has announced the layoff of 17 employees, accounting for over 17% of the company's total workforce.It is reported that in April 2022, during the crypto bull market, Community Gaming raised $16 million in Series A funding from companies such as SoftBank, Binance Labs, ConsenSys Mesh, Bitkraft, Polygon Labs (then Polygon Studios), and Animoca Brands. (source link)