Neither side has released a statement on the signing. But it seems to be a good deal for both parties.
Nguyen has landed an online poker sponsorship in an age when such deals are becoming rarer. And Cryptonia now has one of the most-famous poker players ever representing their site.
More on Cryptonia Poker
Cryptonia Poker is one of the increasing number of online gaming sites that are utilizing blockchain technology. Blockchain acts as a public ledger that records transactions, including online poker pots and bets. Therefore, anybody can view the action to ensure that fair gaming is taking place.
Cryptonia will accept deposits and allow withdrawals in Ethereum only. This is the world’s second-most-popular cryptocurrency, and it facilitates transactions through smart contracts.
As for Cryptonia, the company is currently in the initial coin offering (ICO) stage, where they hope to sell close to 1 billion tokens. The tokens will serve as both shares in the company and currency for the poker site.
The site plans to offer tournaments, where Cryptonia tokens are added to the prize pools. They also plan to expand their range of poker offerings to include Texas hold’em, Chinese poker, and more.
The Next Chapter in Scotty Nguyen’s Poker Career
Scotty Nguyen moved to the United States in 1976 at the age of 14. He later worked as a poker dealer at Harrah’s Nevada, where he picked up tips on the game and eventually launched his own poker career.
Nguyen has since gone on to win nearly $12 million in live poker tournaments. He famously won the 1998 WSOP Main Event, telling his opponent, Kevin McBride, “You call, it’s gonna be all over baby!” Nguyen wasn’t bluffing, and he captured the title after McBride did call on the final hand.
Nguyen has since fallen out of the poker limelight, especially after a drunken incident at the 2008 WSOP $50k HORSE event. But he’s remained close to the poker scene and now has a lucrative sponsorship deal.