Despite the growth it has experienced over the last decade, esports is still in its infancy. The biggest sports events are watched by billions of people. The biggest esports events are watched by less than five million people. At the same time, the esports industry comprises around 500 million people.

Virtex aims to give esports viewers an unparalleled spectator experience–one which, if done correctly, could fundamentally change the way people watch esports forever, and offer an incomparable edge over traditional sports coverage.

Software developer Virtex has announced a live virtual esports event ahead of the launch of Virtex Stadium, which is billed as the world’s first virtual esports stadium.

Virtex is expanding its team thanks to $3.2 million raised in a round of seed funding. The company is a VR focused virtual stadium developer, with a focus towards esports.