The Board of Veltyco Group plc (LON:VLTY), the online marketing and operator company for the gaming industry, have today announced that, further to its announcement of 11 October 2017 regarding the partnership with eSports.com focusing on the roll out of a new eSports business, 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 purpose of the project is to create an infrastructure to bring members and/or customers of communities (sports, gaming, playing) 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.
eSports.com AG, the parent company of eSports.com, and Veltyco Group Plc will each have a 50% interest in the joint venture and will provide equal funding to the project.
eSports.com is a fast growing eSports community portal targeting a significant global audience. It operates the portal under the domain www.esports.com and Veltyco has a minority interest in eSports.com.
