Skrmiish is a third-party competitive gaming app that enables users to wager against one another in competitive online games such as Fortnite and Call of Duty. Founders Chris Heaton and Roland Reed set out to pioneer a crypto-based competitive gaming market and to democratise the already established e-sports industry. Heaton spoke to BizNews and said he started gaining interest in the competitive gaming industry after seeing his son play Fortnite. The development team is based in Cape Town and consists of a small yet powerful group of programmers and IT specialists. Skrmiish CEO Luke Grob clarified in an interview with BizNews that users wagering on their matches was in no way gambling and the reason they are able to operate is because of this distinction between wagering in skill-based matches and regular gambling. Heaton supported this statement by making the distinction between regular gambling, which relies on luck and the wagering mechanic that relies on the user/player’s skill. As a result, Skrmiish provides its users with the option to wager actual money or cash while avoiding breaking any laws in South Africa. There are over 500 million competitive gamers across the world and with the bulk of monetisation being driven to the very best players, Skrmiish seeks to monetise competitive gaming at all skill levels. A large influence in the structure of the app comes from the online poker world. Heaton and the development team mirrored the structure and cadence of the online poker world. Even though the idea is to wager currency, minors will be restricted from wagering actual cash. The South African-based team has been able to develop and launch its own layer-2 bitcoin cryptocurrency wallet, which allows its users to safely and efficiently receive earnings from their matches. So far, there has been over R1m in-game currency wagered since the app’s founding in 2018. To start wagering against other players, you must join a leaderboard. Leaderboards work with the app’s in-game currency called ‘LP’ with no real value. The player with the most LP at the end of the tournament is declared the winner. Another thing […]
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