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SportsHero (ASX:SHO) to develop ‘world-first’ esports predictor hub

Technology
ASX:SHO      MCAP $2.471M
11 October 2021 18:02 (AEST)

SportsHero (SHO) is developing a world-first dedicated esports prediction hub for esports communities, fans, teams and tournament organisers.

This platform will provide SportsHero with direct access to the rapidly expanding global esports market.

It will include the entire suite of prediction and tournament structures and will cover the largest and most popular esports games such as FIFA, League of Legends and Dota2.

Specifically, it will include a team, game and player databases for FIFA professionals and an artificial intelligence predictor for FIFA and League of Legends professional and amateur tournaments.

SportsHero will obtain revenue from licensing, subscription, royalties, exclusive streaming and affiliate gaming.

Additionally, SportsHero has engaged artificial intelligence specialist Ai-Driven to ease the development of the artificial intelligence technology.

The development team will be led by Chief Technical Officer of Ai-Driven, Henry Tian who is an experienced software engineer who specialises in machine learning and artificial intelligence.

Ai-Driven will take a percentage of their fees in the form of options with SportsHero to grant three million options.

The Australian and global launch date is scheduled for Q1 2022.

CEO Tom Lapping commented on the platform.

“We are building a world-first dedicated esports prediction hub that is expected to deliver for our users access and coverage to some of the world’s most popular esports games, including League of Legends and FIFA,” Mr Lapping said.

“Our global scale platform has the potential to be a company maker by allowing SportsHero to enter new markets, generate revenue at scale and leverage our existing products, data and market position to our advantage.”

SportsHero has ended the day 8.82 per cent in the red with shares trading at 3.1 cents in a $16.52 million market cap.

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