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International Olympic Committee to launch NFT-based game

The mobile game called Olympic Games Jam: Beijing 2022, allows players to compete in a series of winter sports to earn Olympic NFT digital pins. These pins will grant players exclusive access to higher levels, certain character skins, and other in-game utilities such as tighter control and greater speed.

Commenting on the move, CEO of nWay, Taehoon Kim, said:

The game is free and does not require a crypto wallet to play. It is set to launch a day before the Olympic Winter Games Beijing 2022 opening ceremony.

nWay is a subsidiary of Animoca Brands, a company that has invested heavily in blockchain startups. Animoca is the parent company of the popular metaverse game The Sandbox. In December, the company teamed up with the Bored Ape Yacht Club to create a rogue blockchain game. Earlier this year, it led an $8 million Series A round for crypto startup Burnt Finance.

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Source: Cryptocurrency - investing.com

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