esports – Page 2 – storyboard18

Meghalaya becomes first Indian state to sponsor an esports team

Additionally, Telangana is likely to be the first state to introduce comprehensive esports policies.

Meghalaya’s vision includes developing esports infrastructure, hosting tournaments, and providing comprehensive support to players, with the aim of bringing them to the forefront and representing Meghalaya, and India, on the global stage, including in future esports Olympics.

PM Modi acknowledges game devs, ignores RMG players

Prime Minister in April last year met India's top gamers and gaming content creators. He was seen interacting with gamers and shared how gaming industry is taking centre stage.

However, it should be noted that there was no respite given to Real Money Gaming players in the market.

Breaking: Entity Gaming shuts business operations in India

Recently, Entity Gaming secured second position in the ongoing BGMS 2024 tournament held by Nodwin Gaming. The team won a prize pool of Rs 15 Lakh.

Entity Gaming was associated with multiple top brands in India, such as HP, Intel, Oppo, and HyperX, among others.

Revenant Esports announces partnership deal with Hummel

Storyboard18 first reported about this partnership deal on July 31

This deal with Revenant Esports is considered one of the largest kit sponsorship deal for an Indian esports team.

Exclusive: Hummel enters Indian esports scene, signs deal with Revenant

Sources close to the development claimed that Hummel will serve as the kit sponsor for Revenant Esports.

Previously, PUMA had partnered with Revenant Esports as their kit sponsor in 2022 but has not renewed the contract this year.

KRAFTON India partners with Paralympic Committee of India for Paris Paralympics 2024

Storyboard18 reached out to Krafton for an official response. A KRAFTON India spokesperson replied, “We do not comment on unverified claims or allegations.”

KRAFTON India will sponsor training kits, bags and caps. The Paris Paralympics will be held from 28th Aug – 8th Sept 2024.

Esports industry divided over forming anti-poaching body

The newly assembled team, which had a combined prize pool earnings of approximately INR 2.5 crores ($276,703) in FY23.

Recently, esports team owners have raised concerns about the poaching of esports athletes by other organizations offering higher salaries, which violates existing contracts between team owners and players.

‘Hackers are trying to create better hacks’, says Krafton

Recently, Nodwin Gaming disqualified and banned three teams from the Philips OneBlade Battleground Mobile India Cup 2024 for cheating by using unauthorized and unethical methods during the official esports tournament.

Krafton is streamlining the process for tournament organizers and are resolving issues around organizing third party tournaments in the country.

Female Esports in India hits a dead end, India’s last female esports roster shut

According to industry experts, male players in top-tier esports organizations earn between Rs 2-3 lakhs per month, while their female counterparts are paid a mere Rs 30,000-40,000.

Organizations like Global Esports, Orangutan, and Velocity Gaming managed to sustain their female rosters for a longer period. However, due to a lack of tournaments and brand interest, they were forced to shut down these rosters. While these organizations today continue with their male esports rosters.

Loco’s AVOD model fails, will it bounce back?

Loco has previously partnered with major publishers like Krafton, Activision, Ubisoft, and Riot Games, as well as global entities like the NBA and FIFA.

The platform has raised a total of $51 million in funding, including a $42 million Series A round in 2022 led by Hashed, with participation from Makers Fund, Catamaran Ventures, and Korea Investment Partners. Investors from the company’s seed round, such as Krafton, Lumikai, and Hiro Capital, also participated in this funding round.