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Bitspawn Gets Financial Backing From Moonwhale Ventures, A Venture Capital Company

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Bitspawn Gets Financial Backing From Moonwhale Ventures, A Venture Capital Company

May 06
18:45 2021
Bitspawn Gets Financial Backing From Moonwhale Ventures, A Venture Capital Company
Bitspawn is a Cayman Islands-based blockchain company focused on actualizing its mission to make esports more rewarding for video gamers across the world. In its initial round of funding, the blockchain company is proud to announce its funding partnership with Moonwhale Ventures.

Cayman Islands – Moonwhale Ventures is a venture capitalist group focused on venture, incubation, and acceleration. The group invests in blockchain projects and helps startups to moon launch by connecting them to the right influencers, launch strategy, and the right value investor. Established in 2017, Moonwhale Ventures ensures that startups get all the help they need before and after launch. After launch, startups will enjoy the right partnerships from industry, commerce, and institutions across Southeast Asia, thus propelling their upward trajectory.

Also providing blockchain technology consulting and security token offerings, Bitspawn is proud to announce that the company has invested in its private token sale and the Bitspawn Protocol. Based in the Cayman Islands, Bitspawn is focused on bringing more advantages to esports players, irrespective of the level they play in.

Bitspawn, founded by a video game player of over 20 years, Eric Godwin, aims to address the bureaucracy as well as the disappointments experienced by winning players who are unable to access their winnings due to several factors. The blockchain company focuses on making sure that organizers, team owners, and players are not locked out of what they deserve after each successful tournament.

Describing how Bitspawn aims to achieve this level of balance, the company’s CEO, in an interview, said: “We use blockchain technology and our in-house proprietary backend that creates a smart contract for the tournament and distributes funds held in escrow to the winning party. No single individual controls tournament payout; it is all automated and trustless. Players receive their winnings in their wallets within minutes of finishing a competition. The fact that players can receive their winnings almost instantly, securely, and withdraw real money from the platform gives us a competitive advantage.”

Focused on ensuring that each party is protected, Bitspawn is proud to offer a hardcoded distribution system that ensures that participants and organizers are proportionally and adequately rewarded. Teams that manage their organization on the Bitspawn platform can also take advantage of a trust feature that prevents managers and team owners from hoarding winnings after tournaments. With this feature, each player will be adequately compensated for their contribution to the team’s win.

Bitspawn is on a mission to reinvent esports and make them profitable for all parties involved while eliminating the bureaucratic red tape. Get in touch with Bitspawn Foundation via phone at +1 833-772-9644 or email at [email protected] For more information, visit their website or offices at 64 Earth Cl, West Bay, Cayman Islands.

Media Contact
Company Name: Bitspawn Foundation
Contact Person: Eric Godwin
Email: Send Email
Phone: 1 833-772-9644
Address:64 Earth Cl
City: West Bay
Country: Cayman Islands

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