After years of creating and applying for patents on crypto betting in video games, some of Unikrn‘s submissions are now ‘defensible’ – so whilst the patents are still pending, the company has a viable defence should somebody attempt to use anything that it has filed.
The esports betting platform – which was founded in 2014 and has offices in Las Vegas, Seattle, Sydney and Berlin – is hoping to provide the ability to bet on games with cryptocurrency sooner rather than later. The company’s CEO Rahul Sood, wrote a post all about this, which you can read yourself here.
With this development, the Unikrn team have stated that they are now actively looking for partners to help push the platform, which is ‘patent-pending’, in which they expect to offer “groundbreaking new experiences for crypto betting on gaming.” The company is encouraging other platforms or businesses that offer to crypto betting to reach out in regards to a partnership. Unikrn is also reportedly set to be one of the first platforms to offer legal crypto betting as rumour has it, it’s close to obtaining its Malta license. The platform raised a considerable sum fairly recently with the launch of its UnikoinGold cryptocurrency back in October 2017.
Unikrn submitted further filings in February covering the decentralisation of its token offering, and hopes to extended its IP Protection through licensing to any authorized partners it obtains. The site currently allows its users to place bets on matches in the following games: League of Legends, Dota 2, Counter-Strike: Global Offensive, Overwatch, Rocket League, Starcraft 2, Heroes of the Storm, Call of Duty, Hearthstone, World of Tanks, and FIFA.
Unikrn is currently licensed to provide betting on esports in the UK and Australia with real money. The company counts Mark Cuban and Ashton Kutcher as two of its investors.
Esports Insider says: Crypto betting is one of many areas of esports that’s still massively unexplored, so it’ll be interesting to see how Unikrn gets on if/when its patents are approved.