In recent years, competitive gaming has become a professional spectator sport that draws huge online crowds. FACEIT is a platform that allows developers to run their own online tournaments; providing ranking charts, skill-based matchmaking and anti-cheat software to ensure that these events are as fair as any traditional sporting competition.
The esports market is projected to be worth about £7.5 billion globally by 2030, and FACEIT has attracted large scale investments as it continues to innovate in this market. Not all of its moves have panned out, for example its foray into crypto gaming, but many others have been well-received by developers.
FACEIT continues to release and support new gaming products for the ever-expanding sector, which shows no signs of slowing down. Despite this success, it has undergone a phase of restructuring recently which included staff layoffs. But the company says this marks the end of a phase of change, and that these decisions will position it better for long-term and sustainable growth
Kirsty
Company Specialist at Welcome to the Jungle