News RT

Gamer training platform that uses AI & cognitive science secures big investment while lockdown makes esports hot — RT World News

Cash might be tight for many industries amid the Covid-19 pandemic, but not when it comes to the ever-evolving esports industry. Take Statespace, a platform that trains gamers which has raised $15 million in Series A funding.

Launched in 2017 together with Aim Lab, a product that replicates the standard physics of first person shooter games to help players practice, Statespace has multiple products addressing various aspects affecting gameplay, such as visual acumen and reaction time.

Created initially by neuroscientists from New York University, Statespace describes itself as “using cognitive science and artificial intelligence to revolutionise the way humans improve.”

According to founder and CEO Wayne Mackey, the startup currently has two million registered users and half a million monthly active users, a 400 percent increase since January.

The success of Statespace’s early-round suggests that investors see a lot of promise in the area of cognitive training, with the startup looking to be the leading force in that particular arena.

Also on
‘I’ll learn from my mistakes’: Gaming star Alinity Divine repents after nipple-flashing ban (PHOTOS)

The Covid-19 pandemic has significantly boosted the prospects of the gaming industry over the past months, as lockdown measures have continued to restrict people’s abilities to meet up in real life.

Already prior to the virus, the global video game market was forecast to be worth $159 billion by the end of 2020. Covid-19 is accelerating the industry’s successful trajectory. With legacy gaming company Nintendo reporting a 41 percent increase in profit during Q1 2020.

Outside of hardware, Twitch, Amazon’s gaming streaming platform, witnessed a 20 percent increase in viewing figures during the same period, leading to a staggering 3.1 billion hours of footage watched in Q1 2020. For comparison, YouTube only had 1.07 billion hours watched during the same time.

Indeed, as Mike Sepso, co-founder and CEO of Vindex, an esports infrastructure platform, recently told the World Economic Forum, “Unique to gaming is that it has both interactive and linear consumption models, and the activity of watching gaming video streams and video on-demand has become nearly as big as gaming itself.”

Also on
Simulated competitions: Is Covid-19 the big moment for E-Sports?

Sepso adds that, “In the Covid-19 era, all of this activity has increased dramatically because of both the new time available to people and their need for social interaction, which gaming provides.”

As with many industries, we are seeing how much Covid-19 is accelerating both positive and negative industry trends. Following the successful funding of Statespace, and the expansion of what was once a niche industry into the mainstream, a lot more interest can be expected in this space moving forward.

Think your friends would be interested? Share this story!

Source link

Coindesk News

Blockchain E-Sports TV App to Ship on Samsung S20 Phones in US

Blockchain e-sports streaming platform will soon be available on Samsung’s flagship Galaxy S20 smartphones shipping to the U.S.

According to a Medium post published Wednesday, will be included in the Samsung Daily app, which is also being upgraded to bring the TV service to all existing Galaxy S10, S9, Note10 and Note9 devices. That will extend Theta’s potential global reach to more than 75 million smartphones and tablets, according to the post. is supported by the Theta blockchain, which allows users to earn its native TFUEL token while watching or streaming content.

“Theta has been collaborating with various Samsung groups for the last two years after Samsung NEXT invested in the company in 2017. We’re excited to continue growing our relationship with Samsung by launching powered by our blockchain technology and TFUEL rewards to millions of Samsung mobile users.” said Mitch Liu, co-founder and CEO of Theta Labs.

Samsung Daily is a content discovery platform for news, multimedia, sports, games and more, and comes pre-installed by default on all new Samsung Galaxy and Note devices. Rewards earned on can be spent on favorite streamers and/or content producers within its ecosystem.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source link