Esports is taking the world by storm and Vancouver-born company Alpha Tech (CSE:ALPA) is positioned perfectly for the boom.
But before we get into what’s special about Alpha Tech, let’s first talk about why the esports industry is on fire right now. Our lives are online more now than ever, which is partly due to technology advancing, and partly due to the pandemic. Everything from the way we dine, to the way we enjoy entertainment has moved online.
Instead of attending a regular game NFL game, though, people are turning to watch the best gamers in the world battle it out over Fortnite.
“Over a year ago, Reed Hastings, the CEO of Netflix, said he was more worried about Fortnite than Disney. What was once viewed as gaming platforms are now considered as global communities,” says CEO of Alpha Tech, Matt Schmidt, in an article by Forbes.
While many people might think of gaming as an anti-social pastime confined to someone’s basement, Schmidt says that this couldn’t be further than reality for the booming industry. “These players are actually more socially connected and more like other media influencers,” says Schmidt.
And with big players signing massive sponsorship deals, they’re attracting a serious fanbase, too. “Just look at FazeClan and 100 Thieves; their homes and style look straight out of a music video and kids emulate them like they do Lebron or Post Malone,” says Schmidt.
So why is Alpha Tech so perfectly positioned to thrive in this booming industry?
The bet is on Alpha Tech
Alpha Tech’s Gamerzarena platform is its core asset, giving users access to a community of over 100,000 fellow gamers, as well as offering a turn-key solution for any organization’s gaming needs.
Its user data predicts that 10% to 20% of Gamerzarena Freemium users will place average bets of $2 to $10 per match, resulting in $5.4 million in projected revenue. If that doesn’t sound like a lucrative business model, we don’t know what does.
Alpha also has multiple revenue verticals including user retention and data, mobile games and contents, and the ability to monetize future teams and leagues. And with its team of industry experts in crypto, film, tech, and gaming, brings world-class expertise to the esports field.
It’s not just investors that are getting excited about Alpha Tech, though. The company is also backed by partnerships from big players like Barstool Sports, ESPN Radio, Notre Dame University, and UBC.
Alpha Tech is now public, and if you’re looking to get in on the booming esports industry, this is one company that looks set for success.