Tipspace wants a million gamers on the 24-hour tournament platform

Gamers who like to “play for real” have a new tool to formalize tournaments. Still in pre-launch, Tipspace will ensure that players find worthy opponents and determine prizes for the winners, starting at R$0.50. The first integration to be released will be with League of Legends, the famous LOL, the most popular PC game in the world.

With Tipspace’s application, which needs to be installed as software, gamers will be able to play one-on-one — usually, LOL games are played in teams of five. The idea is to have as many compatible games as possible. The plan is to integrate a new modality every three months.

“There is a huge gaming industry and Brazil is the third largest consumer market in the world. Here, there is no one doing what we are going to launch and at a global level all initiatives are involved with crypto. Our solution is not, it is totally decentralized”, explains João Sobreira, the 22-year-old founder and CEO of Tipspace. “For us, the most important thing is that the user has the best experience possible.”

Tipspace will be open 24/7 with support and anti-hacker technology, from pre-game to post-game. Its proprietary “matchmaking” algorithm ensures that beginners, novices and even professionals are ranked and play with other users of the same level. The partnership with Latam Gateway guarantees the security of the wallet, one of the first in the segment that is not connected to the blockchain or dependent on crypto-assets — players actually bet in reais.

The deal has attracted the attention of investors. Although it does not reveal how much funding it has already raised, the startup has shareholders such as Ricardo Dias, from Adventures Inc, Odilon Queiroz, Gustavo Pimenta and Fued Sadala, partners at Dreampact Ventures, in addition to Orla Ventures and Componente Investimentos. The first round was raised in 2019, shortly after the company was founded.

In addition to Sobreira, who has been an entrepreneur since he was 16 and sold one of his startups to Go4it — the former marketing agency that represented surfer Gabriel Medina, skater Letícia Bufoni and player Thiago Silva and which today operates as a venture capital firm. —there are five other founders. COO Djary Veiga, responsible for implementing LOL in the Brazilian University Games (JUB’s), CFO Henrique Oliveira, ex-Ambev and LBR, CTO Jean Carvalho, also founder of Four Gaming, one of the main communities of Teamfight Tactics (TFT) in Brazil, and Sávio Barra, founder of the Zig agency, one of the largest in the advertising market in the Midwest.

Projected to reach more than one million users in the first three years of operation, Tipspace estimates that around US$500 million will be transacted through the platform in this period. In its first year on the market, the company should move US$ 17 million and reach 90,000 players. Remuneration for the service is made through an 8% fee on the prize pool of all tournaments.

The launch takes place in October, but as of the second half of July, the solution will be available in beta phase — in which 2,000 pre-registered people will have access to the tool, still in test mode. Some streamers and influencers, known in the gamer community, such as Daniel Nunes de Jesus, @bueroficial, will participate in the testing phase. Pre-registration for the beta phase runs until July 10th.

Source: Value Pipeline