Unikrn partners with blockchain-based FYX to deliver next-generation iGaming products

Published: Mar 11, 2021 - Last Updated: Jul 10, 2023

Yesterday, betting, esports, and gaming company Unikrn announced its new partnership with the blockchain esports infrastructure company FYX whose infrastructure is behind one of the top blockchain games for 2020. Together they will collaborate to utilize blockchain technologies to deliver next-gen iGaming products, technologies, and platforms.

One of the main headlines is that the skill-based strategic fighting game CryptoFights – which is FYX’s flagship title – will be hosted on Unikrn Virtual. The game records all of its match data in real-time to the Bitcoin SV blockchain fork through FYX’s platform. This data will then be used by Unikrn Virtual, to power the selection of streams and betting opportunities surrounding the game. Unikrn Virtual is Unikrn’s proprietary product that uses historical esports match data to inform a non-stop content stream and live betting markets enabling more opportunities for betting with bitcoin in esports.

CryptoFights, Unikrn and 2021

CryptoFights is just the first of several planned collaborations between FYX and Unikrn. With the shared infrastructure integrations now in place, it will be even easier for future developers to leverage the blockchain-based data from FYX to facilitate more options for betting with bitcoin on esports and unlock a new revenue stream.

Game developers that make use of FYX and Unikrn’s integration will receive a share of all net revenue from the betting proceeds. This especially will be a key feature for an industry that has been struggling to find long-term monetisation strategies. The exact details of the game developer revenue sharing scheme are not yet known, so it’s unclear how much of the proceeds would actually end up back with the game developer. It’s clear though that FYX and Unikrn will be at the center of the development of the top blockchain games for 2021.

FYX’s unique blockchain-powered platform is set for public release later in 2021. It has been built to be game engine agnostic and offers a range of integration options intended to make the platform accessible to both AAA studios and small indie developers, all without requiring any up-front payment.

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FYX’s new platform

At the core of FYX’s platform is the Bitcoin SV blockchain which provides a massively scaled network capable of handling large volumes of transactions with low costs. The immutable distributed ledger provides publicly auditable game integrity and allows all game data for every game played to be stored permanently. This auditability and integrity of the blockchain is also key to Unikrn’s betting licence, as it shows its AML (Anti Money Laundering) and KYC (Know Your Customer) capabilities are solid. Combined these features enable the partnership to offer a range of new competitive monetised features to gamers, game developers, and esports fans.

FYX’s CEO Adam Kling said of the partnership:

“Today’s agreement between FYX and Unikrn is a huge first step towards shifting the business and monetization models that underpin the gaming industry. The partnership immediately creates an all-new revenue stream for game developers, with the foundation laid for future games on FYX to follow the CryptoFights template and integrate with Unikrn – another unique feature enabled through our innovative blockchain-based esports platform.”

Related: Unikrn Founder says Blockchain can help Prevent Betting Fraud
ESB Staff

Since: August 10, 2015

At EsportsBets.com we are a group of independent journalists with one big passion: Esports. We've been following the industry and have contributed to its growth since 2015.

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