Team Liquid and Community Gaming announce 20K USDC Tournament Series For Onchain Summer 2024 [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
The North American tournament series will boast a total prize pool of across four events, highlighting elite talent in Team Fight Tactics and Hearthstone. Winners will be paid in USDC, a digital asset redeemable 1:1 to US Dollars, on Base, the Layer-2 blockchain incubated by Coinbase The series will commence with two Teamfight Tactics tournaments on June 29-30 and July 13-14 , each featuring a 256-player battle royale format. After TFT, the spotlight shifts to Hearthstone, kicking off two tournaments on July 27-28 and August 17-18 . The events will gather 128 players in a single-elimination Bo3 setup. Each tournament features a prize pool which will be paid out using fast and secure payouts in USDC on Base. USDC enables winners to be paid faster and with less fees than traditional payout methods. "Late payments and high fees are common occurrences in the esports industry. CG's automated payment system running on Base ensures fast, secure, and transparent payments" said Chris Gon
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