*By Britt Terrell*
The dreams of teenagers everywhere will come true this fall, when video gaming becomes an official high school sport, sponsored by the National Federation of State High School Associations.
The best high school gamers can earn scholarships to college and turn what used to be considered a distraction into a part of their extracurricular experience.
"There will be millions and millions of kids every year ー especially in the U.S. ー who participate in eSports in an organized way," said Delane Parnell, founder and CEO of Play VS, the startup that will bring an eSports league to nearly 20,000 high schools across the country.
There are already about 200 colleges in North America that offer eSports scholarships, according to Parnell. PlayVS will help these schools recruit in a more organized way, and raise the profile of the best high-school gamers.
"We're excited to be able to own that system as a company," Parnell said in an interview with Cheddar. "We're going to loop in some recruiting technology directly into the platform in which recruiters from colleges will be able to easily recruit players in terms of engaging with them but then also be able to see their performance data from an individual stand point and a team performance stand point validated."
PlayVS is working with game publishers to determine which games will be included in the inaugural high-school season.
For full interview, [click here](https://cheddar.com/videos/esports-is-coming-to-a-school-near-you).
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
Ahead of the Meta shareholder meeting, more than five hundred doctors have jointly sent a letter to investors to hold the Facebook parent accountable for the risks its platforms have posed to the public and mental health. Dr. Rob Davidson, a West Michigan ER physician and executive director of the Committee to Protect Health Care, joined Cheddar News to discuss how medical professionals are coming together to highlight the social media giant's spread of misinformation, especially during the pandemic. "We've seen the direct impacts of misinformation and disinformation that spreads like wildfire on the social media platforms," he said. "Our goal with this letter is to try to get the shareholders of Meta to convince leadership that they need to do a better job."
Snap downgraded its earnings and revenue expectations for the second quarter, saying the "macroeconomic environment" has deteriorated faster than the company anticipated. The warning sent shockwaves through the digital ad industry, dragging down a handful of other tech stocks, including Pinterest, Meta, and Twitter. Daniel Cobb, CEO and Chief Strategy Officer of Daniel Brian Advertising, joined Cheddar to discuss the reason behind this warning, and why it's bringing so many social media stocks down.
