Unikrn: ICO Backed By Mark Cuban Receives An eSports Crypto Betting License

A new eSports company is in the latest crypto news, mostly because of the fact that it raised over $15 million in its ICO pre-sale last year – and has been backed by numerous investors including the popular businessman and owner of the Dallas Mavericks NBA club, Mark Cuban.

The name of the company is Unirkn, a startup that now has $15 million in capital – raised by investors such as Marc Cuban, Ashton Kutcher, Guy O’Seary, Shari Redstone, Elisabeth Murdoch – as well as organizations such as Binary, Hyperspeed, Indicator Ventures and Tabcorp – giving the startup a green light to a $32 million token sale, as TokenData reported.

With an infrastructure provided by Bittrex, users of this startup will be given the ability to take part in betting and gaming activities using different cryptocurrencies within the platform. The native cryptocurrency of Unikrn, UnikoinGold (UKG) will also be deployed on the platform, giving users access to exclusive benefits as it seeks to become recognized as a default esports wagering token in more than 20 countries (80% of Europe, parts of Asia and parts of Latin America).

As the COO of Unikrn, Andrew Vouris, commented:

“This is long in the making. You can bet in fiat, crypto, or both, to bet on live markets or pre match for twenty titles and dozens of games a day on titles such as League of Legends, Dota and Fortnite.”

The CEO and co-founder of Unikrn, Rahul Sood, spoke about the licenses and the global games market, stating;

“Unikrn built the most advanced wagering backend in the world, built by incorporating blockchain technologies, and we’re entering a segment of the global games market which exceeds $30 billion. Equally historic for esports, wagering and blockchain, we’re the first company on the planet to launch with a license including crypto and fiat betting from the Isle of Man, which is home to one of the most respected regulators for gambling.”

As the company revealed, live betting for eSports and gaming competitions will be launched in October for both fiat and crypto customers.