ChainCatcher news, Boyaa Interactive (00434.HK) announced that on February 17, 2025, the company signed a subscription warrant with MTT ESports Limited. The company will invest 4,180,749 Tether (USDT) as consideration (equivalent to a total value of approximately 4,180,749 USD based on the market price of Tether one day prior to this announcement) for further investment in MTT ESports. After the completion of the second investment, the group will acquire 10% of the total issuance of MTT tokens, which amounts to 210 million MTT tokens. The MTT tokens are expected to be unlocked linearly starting from January 2026, with the unlocking completed in approximately 48 months.In addition to the investment made on September 17, 2024, where the group signed a subscription agreement with MTT ESports for an investment of 100 Bitcoin (BTC) (the first investment), the total investment value of the group in MTT ESports will amount to approximately 10 million USD after the completion of the second investment.MTT ESports is a limited liability company registered in the British Virgin Islands, focusing on the research and development and operation of Web3 infrastructure and Web3 games, and owns the MTT Sports gaming platform and MTT Network.The board believes that the MTT Sports gaming platform has strong complementarity with the group's traditional gaming business and sees significant growth potential in the future. The group aims to deepen its layout in the Web3 gaming field through its investment in MTT ESports and enhance the future asset value of the group.The board believes that the second investment will further promote the group's business development and layout in the Web3 field, indicating that the group will delve deeper into the Web3 sector, leveraging its rich experience in the internet gaming industry and the favorable opportunities presented by Hong Kong's new Web3 policies to build a pure, leading Web3 listed company.

ChainCatcher news, the Hong Kong-listed company Boyaa Interactive announced that it has signed a subscription warrant with MTT ESports Limited, and will invest further in MTT ESports with 4,180,749 USDT as consideration (the second investment). After the completion of the second investment, Boyaa Interactive will acquire 10% of the total issuance of MTT tokens, which is 210 million MTT tokens. The expected MTT tokens will begin to unlock linearly starting from January 2026, and will be fully unlocked within approximately 48 months. After the completion of the second investment, the total investment value of Boyaa Interactive in MTT ESports will amount to approximately 10 million USD.

ChainCatcher news, according to an investigation by ZachXBT, hacker Serpent initiated a meme coin scam by controlling 9 accounts, including McDonald's and Kabosu, on X platform and Instagram, stealing approximately $3.5 million, and using part of the funds for online casino gambling.Serpent was a professional Fortnite player in Australia and was released by the esports organization Overtime in 2020 for alleged cheating. In March 2022, he co-founded the NFT project DAPE, but the project later experienced a rug pull. In March 2024, Serpent launched another project called ERROR, which also experienced a rug pull, leading to his ban from the X platform.Previous news, ZachXBT stated that attacks on social media accounts of McDonald's and the owner of Kabosu over the past few months have resulted in losses exceeding $3.5 million.

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.

According to ChainCatcher news and CoinGecko data, the sports projects that have received the most sponsorships in the crypto industry since 2021 are: football (33 sponsorships), motorsports (21 sponsorships), esports (16 sponsorships), basketball (8 sponsorships), fighting (3 sponsorships), baseball (2 sponsorships), American football (2 sponsorships), and cricket (2 sponsorships).

According to ChainCatcher news and data disclosed by CoinGecko, the most sponsored sports projects in the cryptocurrency industry since 2021 are:Football - 33 sponsorship dealsMotorsport - 21 sponsorship dealsEsports - 16 sponsorship dealsBasketball - 8 sponsorship dealsCombat sports - 3 sponsorship dealsBaseball - 2 sponsorship dealsAmerican football - 2 sponsorship dealsCricket - 2 sponsorship deals

ChainCatcher news, Boyaa Interactive (00434.HK) announced that on September 17, 2024, the company entered into a subscription agreement with MTT ESports Limited ("MTT ESports") to invest in MTT ESports for 100 units of Bitcoin (BTC) as consideration, which, based on the market price of Bitcoin on the day immediately preceding this announcement, is equivalent to a total value of approximately 5.8193 million USD.Upon completion of the investment, the company will acquire a 25% equity stake in MTT ESports. MTT ESports will not become a subsidiary of the company as a result of the investment, and its financial performance will not be consolidated into the group's financial statements. To the best of the directors' knowledge, after making all reasonable inquiries, MTT ESports and its beneficial owners are independent third parties and have no connections with the company or its related parties.MTT ESports is a limited liability company registered in the British Virgin Islands, focusing on the research and development and operation of Web3 infrastructure and Web3 games, and it develops and owns the MTT Sports gaming platform and MTT Network.

ChainCatcher news, according to Decrypt, the esports organization Team Liquid announced a multi-year partnership with Sui developer Mysten Labs to create a new fan loyalty platform and NFT collectibles experience. The new platform is set to launch in the second quarter of 2024, allowing Team Liquid fans to obtain unique NFT collectibles. Team Liquid and Mysten Labs will also collaborate on marketing initiatives, including live streams and other content centered around Sui crypto games.It is reported that Team Liquid has previously received sponsorship from Coinbase and has collaborated with the developers of the crypto game Illuvium to create competitive scenes.

ChainCatcher news, according to The Economic Times, the Web3 esports fan community Stan has completed a $2.7 million funding round, with participation from Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, CoinDCX Ventures, Climber Capital, TDV Partners, and Coinswitch Ventures.It is reported that STAN is a community that gathers esports fans, allowing fans to interact, play, and grow with their idols through the use of digital collectibles/variable NFTs.

ChainCatcher news, according to official sources, the RPG blockchain game Illuvium has announced a partnership with esports club Team Liquid. Team Liquid will test its new competitive PvP auto-battles and guide its esports strategy through 2024.It is reported that the games under Team Liquid include League of Legends, Dota 2, Counter-Strike: Global Offensive, and they have won the North American League of Legends Championship four times.

ChainCatcher news, the gaming guild Merit Circle has announced the acquisition of equity in Snackclub, a Latin American organization specializing in user acquisition, influencer marketing, and esports. Snackclub has also joined the gaming subnet Beam Beam. As part of this acquisition, Merit Circle will obtain equity in Snackclub.In addition, Merit Circle will receive a token allocation previously reserved for the Snackclub team, which will be used to stimulate games in the DAO portfolio.

ChainCatcher news, the metaverse platform Highstreet has partnered with the Asian esports team TALON to jointly launch a commemorative physical collectible, along with a digital version for Highstreet World metaverse. As part of this collaboration, a co-branded hoodie is exclusively available for purchase at the Forbidden TALON Temple, featuring black and white color options, priced at $89 (settled using HIGH tokens).

ChainCatcher news, recently launched its own PC game market crypto game startup Ultra, is launching an esports competition platform called Ultra Arena built on its own blockchain network. Ultra Arena features on-chain digital identity and reputation, aiming to help amateur players level up and even become professional players.It is reported that Ultra Arena will go live on August 8, and individuals, brands, and organizations can use Ultra's UOS token, NFTs, or even physical products as prizes to create tournaments or leagues. Ultra's goal is to open a pathway for amateur video game players to advance to professional players.

ChainCatcher news, esports team M80 has completed a $3 million seed funding round to expand its footprint in esports, content creation, and consumer products, aiming to become the first web3-supported gaming and esports organization. Expert Dojo, VT Technology Ventures, and Practical Venture Capital led this funding round.M80 was launched in December 2022, and its players in "Rainbow Six Siege," "Rocket League," "Street Fighter," and "Valorant" have achieved success in competitions. Their victories have made M80 one of the fastest-growing esports teams in North America. (source link)

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)

ChainCatcher news, American game developer and publisher Riot Games has filed a motion with the court overseeing the FTX bankruptcy case to terminate the two companies' 7-year "League of Legends" sponsorship agreement, which was signed in August 2021.Riot Games stated that FTX was required to pay $12.5 million for displaying its brand in the LCS events, but there is still $6.25 million outstanding. Additionally, FTX is expected to owe nearly $13 million in sponsorship fees in 2023. (source link)

Chain Catcher news, Axie Infinity developer Sky Mavis will launch the 3rd esports project, which includes professional, amateur, online leagues/invitational tournaments, and regional events, and plans to commit up to 160,000 AXS (approximately 2.1 million USD) in grants over the next three quarters. (source link)