Blockchain gaming ecosystem Echelon has announced a $3 million investment in Parallel Prime League, the competitive esports platform for its flagship trading card game Parallel.
The funding will support the league’s second and third seasons and significantly increase the prize pool to attract global competitors and raise the profile of the league.
The investment also includes new tournament formats and opportunities for grassroots organizers to host sanctioned events, demonstrating Echelon’s commitment to fostering a vibrant and inclusive competitive community.
Source: EchelonWhat is an echelon?
Echelon is a blockchain-based gaming ecosystem focused on developing and supporting innovative web3 games.
Its flagship game, Parallel Trading Card Game, is a science fiction-themed digital trading card game popular for its strategic gameplay and immersive story.
Echelon’s mission is to leverage blockchain technology to create a sustainable gaming economy that provides players with ownership of in-game assets and the opportunity to earn rewards through competitive play. Through Parallel Prime League, Echelon extends its reach into the e-sports field, aiming to cultivate a global player community and establish a new standard for competitive blockchain gaming.
Source: parallelWhat is the use of the $3 million investment?
The $3 million investment is earmarked for Seasons 2 and 3 of the parallel Prime League, with Season 2 at $1 million and Season 3 at $2 million.
The funding is a significant increase from the first season’s $500,000 prize pool and reflects Echelon’s ambitions to grow the league and attract top talent. The second season will begin on March 6 and will introduce new competition formats, such as double-elimination tournaments and round-robin tournaments, designed to enhance the competitive experience.
In addition to these structural updates, this investment will help grassroots tournament organizers deliver sanctioned events, creating participation opportunities for players of all levels. The plan also includes a rebranding effort, with the league now operating under the name Parallel Prime League and featuring a new visual identity inspired by the concept of “reaching new heights.”
Ahead of the start of Season 2, a parallel Prime Tournament will be held at the HyperX Arena in Las Vegas from February 28 to March 2 with a prize pool of $250,000. This premier event will showcase the sport’s top talent and lay the foundation for the league’s ambitious future.
