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Blockchain World Conference Deals Up First All-Crypto Poker Tournament

Blockchain World Conference It’s likely that other poker tournaments have used alt-currencies such as Bitcoin for buy-ins before, but this supposedly will be the first such live tournament sanctioned by a major US casino. The tournament will be open to up to 100 players, with a $250 buy-in that must be made with cryptocurrency, not US dollars. It’s purpose is to promote Blockparty — an event ticketing platform that allows people to convert real cash into virtual money. “After three days of discussions about blockchain and cryptocurrency, this is a fun and unique way to bring our event to a close– highlighting a compelling real-world application of this technology, in true Atlantic City fashion,” BWC COO Alex Falcone said in a press release . The BWC tournament is winner take all, with the champion receiving a prize package worth $10,000, that includes hotel accommodations and VIP tickets to the next Blockchain World Conference in Hollywood, Florida, in early December, as well as a hotel accommodations. Officials say there are plans for another all-crypto poker tournament to be held at that conference as well. Though official tournament details haven’t been made public yet, it seems the event will likely have a bounty element, with players getting paid out for eliminating certain pros and other blockchain-world personalities. Such a turn of events was inevitable, given the growing link between poker and cryptocurrency. Poker pros such as Brain Rast and Scott Seiver were early adopters of the technology and continue to stand by it despite price plunges that have plagued investors since the start of 2018. High stakes pro Doug Polk went from poker vlogger to crypto vlogger as the technology’s popularity grew. It took only Polk 20 videos to hit 100,000 subscribers on his YouTube channel.

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