The event's official name is “Launch a Betting Business in The Booming Esports Market,” and it plans to offer key insights into how esports and esports betting have progressed from fringe entertainment products to a mainstream focus.
The main points of the seminar will include a careful look into the esports markets. One of the topics discussed will be the fact that the esports market's compound annual growth rate has reached 40% and is likely to keep steady in the years to come.
BetProtocol's founder will also cover how anyone with the necessary capital can easily start their own business, diversifying and complementing their revenue streams in the process.
Furthermore, Wu will provide insight into running costs and how to begin generating revenue from day one. BetProtocol will comment on the lifetime value of the average user, as well as how to manage users and wagers on its functional client portal.
Participants to the webinar will get a chance to win $1,000 by registering on Eventbrite, while each attendee will also be rewarded with its betting token $BEPRO.
BetProtocol has recently started teaming up with various companies to help them establish igaming businesses based on the company's own proprietary software.
Esports has been a much-needed palliative for many sports betting and gaming portals during the COVID-19 crisis. Cloudbet has used the hiatus to launch a next-generation website which has fared well, while itself announcing the addition of live esports betting.
More betting portals, such as Wagerr and Sportsbet.io have tapped into the immense potential of esports as well. With BetProtocol entering the frame with its own impressive blockchain-led product, the sector is getting ever more competitive which will have positive impact on both the player and the operator.