Renowned blockchain-powered poker platform Virtue Poker is looking to deliver yet another win to the crypto-ecosystem thanks to an upcoming poker tournament. The company will be celebrating its recent launch and developments through the poker tournament which is expected to go down sometime in early June. Having been under development for five years, the Phil Ivey-led online poker operation has so much going for it and it is all about to get even better.
Lots to Look Forward To
Virtue Poker did not seem to have much of a problem pushing its upcoming celebrity poker tournament. Backing the venture are some very well-known industry investors including Pantera Capital, ConsenSys, and DFG Group among others, all of whom could further help solidify its credibility. That said, the no-limit Texas Hold’em poker tournament will be a great launchpad for the company’s ambitious plan for the industry.
Already there is a solid lineup of people that are expected to attend. These include celebrities, influencers, and many poker industry leaders. Most notably, Phil Ivey who also happens to be a Poker Hall of Famer will be among the people that will grace the poker tournament. Other notable figures that will be participating in the tournament include the Virtue Poker Pro team, Ethereum Co-Founder Joe Lubin, Founder and CEO of Ethernity Chain Nick Rose, and NBA Hall of Famer Paul Pierce.
“Virtue Poker is excited to take this next step to drive awareness and adoption of the world’s first blockchain-based P2P poker platform. Through our partnership with SuperStarter and our execution of our Celebrity Poker Charity event, Virtue Poker will be able to grow our community’s foundation as well as showcase the platform to a broad audience,” Virtue Poker CEO Ryan Gittleson.
The winner of the planned tournament will get to decide on a charitable organization that will receive the proceeds from the event. Virtue Poker will also issue all of the celebrity participants with NFTs and these will act as bounties of sorts during the tournament.
Where to Catch the Action
For anyone that will be interested in watching all the action that will go down during Virtue Poker’s tournament, look no further. The operator will be broadcasting the even as it unfolds on Twitch. In addition to that, fans of the participants will also be able to watch on the channels of these players.
Crypto giving back to the community is certainly a good thing but this is also bound to mark yet another huge leap for crypto and blockchain as they move towards mainstream adoption.
It has been one whole year since PokerStars made its debut in the Keystone State. Since its launch, the online poker platform has recorded very strong numbers in terms of revenue as well as the number of visitors. More and more players have been welcomed to the platform and with the pandemic, there was a significant surge in traffic which further cemented PokerStars’ position as the go-to online poker destination for poker lovers in the Keystone State. This can also partly be attributed to its monopoly in that particular marker – this is, however, set to come to an end very soon as other online poker operators are already making plans to join the state’s gaming market.
Meanwhile, PokerStars is marking its 1st anniversary in the state by offering its customers the chance to participate in a fun and exciting tournament series that will be running all through November. Referred to as the Pennsylvania 1st Anniversary Series, the event series will run from November 8 to November 15. During this period, poker players will be able to play across 35 events for a chance of winning a portion of the $1 million guaranteed prize.
The schedule for the tournament is pretty packed to make sure everyone gets a chance to participate. The main highlight will, however, be the $100-entry Main Event which boasts of a guaranteed prize pool of a whopping $200,000.
In addition to that, there are lots of other exciting events that players can participate in. The operator has made it easy for the customers to grab over $10,000 in tickets to the events. These can be grabbed in seven freerolls and players can qualify for those for as little as $1.
Some of the other notable events on the massive schedule include the $100 Sunday Special that will go down on November 8. This has a guaranteed prize of $100,000. There is also the ‘Mini’ Main Event that will go down on November 15 and carries a guaranteed prize pool of $25,000. Moreover, there is the amazing $50 phased tournaments that will be running throughout the duration of the tournament series and has a guaranteed prize of $50,000.
Competition on The Way
As mentioned earlier, PokerStars has had a monopoly in the Keystone State’s online poker market ever since it was launched. This is about to come to an end as other poker operators that have been eyeing the state are inching closer to launching their poker offerings. However, if the high traffic that PokerStars boasts of is anything to go by, the operator does not have much to worry about.
After a long wait following the cancellation of the 2020 World Series of Poker due to the coronavirus pandemic, poker lovers can now finally enjoy the action online. The 2020 Online World Series of Poker kicked off on July 1 and is set to run until September 6.
While the online tournament series may seem rather weird for people who were used to being part of the action in the land-based venues, the online tournament series promises a lot of fun for every poker lover. To begin with, the online poker series features a total of 85 WSOP gold bracelets all of which are up for grabs on both GGPoker and WSOP.com.
WSOP.com’s daily series poker action began on July 1 and will remain available till July 31. This will, unfortunately, be available to only New Jersey and Nevada players. GGPoker, on the other hand, will be kicking off its massive array of 54 bracelet events on July 19 and they will run till September 6.
Record-Breaking Events in Store
While it may have been a result of circumstance, there is a lot of optimism about the tournaments. Most notable, it is expected that the 2020 Online World Series of Poker will become the largest online poker event ever, that is, in terms of the prize pool. Speaking of the prize pool, the event has a massive guarantee which has certainly caught the attention of poker players and pros from all around the globe.
“With over $100M in guarantees during the WSOPC Super Series in May and more than $134M in awarded prizes, it’s clear that GGPoker and the WSOP make a good pair. We’re excited to create bracelet events that the worldwide poker community will embrace, as well as innovative programming with PokerGo.”
Steve Preiss, Head of Poker Operations for GGPoker.
The players will have the chance to participate in a ton of exciting events with very reasonable buy-ins. Even the “Main Event” which will go down on WSOP.com on July 31 will have a buy-in of $1,000. This might seem a little high but it is definitely low enough that a considerable number of players will be able to get in on the fun. To put this into perspective, the No-Limit Hold’em Championship “Main Event” will cost a whopping $9,000 less than the traditional Main Event. That said, if you have always wanted to participate in that particular event but the high buy-in has kept you away, this might your chance to be a part of it.