Move over Bitcoin! Recently announced at Twitchcon, is a new virtual currency in town that’s creating quite a stir! Twitch is a video streaming subsidiary of Amazon where gamers can play with an audience of thousands of fans. But Twitch is now unveiling plans for its new currency: Stream+. This new currency has a simple premise. To earn more, a person needs to watch streams. It’s as easy as that. After you earn sufficient Stream+, you can then bet your earnings on matches. It’s like earning money to bet on football by watching football.
Twitch is using the opportunity to introduce Stream+ to its users through the new game, Breakaway. The game Breakaway looks like just another reskin of the more popular Overwatch game, with certain characters using special roles to win a match. However, if Stream+ is a success, the currency can offer a unique difference that is desperately needed in Esports: betting.
This unveiling is big news for Esports betting, which is trying to be taken as seriously as regular sporting bets. While Stream+ hopes to put Esports betting on the map, it is still in its infancy. It hasn’t been revealed yet on how exactly the system will work or where you can spend the earnings if you win. More than likely, you won’t be able to turn Stream+ into actual cash, but you will be able to spend your earnings through a third party.
Currently, Breakaway is the only game to earn and bet Stream+, but if the experiment bodes well, you may find Stream+ or its likeness in more games in the future. Betting virtual currency through Twitch has interesting potential. Amazon will need to navigate the legal complexities of betting when the video game market is comprised highly of minors, but the future of Esports is proving to be a bright one!