Oly Sports, Betswap Partner Up, expands NFT Horse Racing to Metaverse
Despite the recent Bitcoin crash, crypto-gambling seems to be expanding, and the partnership between Oly Sports and Betswap is another example.
Oly Sports is an online horse racing NFT-based platform, where “players can buy, breed and breed virtual horses, represented by NFTs,” and Betswap will serve as an intermediary that will enable blockchain sports betting for its users. Together, the couple will launch the world’s first NFT game for horse racing, which is expected in August 2022 on Betswap’s platform.
Betswap.gg (BSGG) was called the “first truly decentralized betting exchange” and uses an ERC-20 protocol multi-chain token (Betswap) operating on the blockchains Ethereum, Avalanche and Fantom. It allows users to quickly start betting, simply by linking their crypto wallet – no registration process, email or geographic information required. It takes seconds to get started, and is basically untrustworthy, thanks to the underlying technology. Mavic, CEO of Betswap.gg said:
This collaboration will address the unmet need for accessibility in the world of sports betting, especially when it comes to NFT horse racing. ” The opportunity would enable Betswap to accommodate more users “who are horse racing enthusiasts with the support, technology and community of Oly Sport.
Betswap.gg CEO Maic
Oly Sports, on the other hand, is the “first metaverse game for horse racing using non-fungible tokens”, reflecting Betswap’s “first” moniker theme. Oly Sports players will be able to place bets or watch live races on Betswap’s platform without first having to own a horse in Oly’s metaverse. Oly Sports has already hosted more than 4,000 races and is currently hosting a tournament throughout the month. Jimmy Chan – CEO of Oly Sports – commented on the partnership, saying the company is “excited to announce our very first partnership with a betting platform”, and continues its efforts to incorporate “traditional” horse racing into the meta-verse.
NFTs Infusing Gaming World
In 2022 saw a big increase in NFT and blockchain popularity in the gambling industry. Just last month, Spinomenal and Aplica launched two NFT slot tournaments. The new project is called Royal Sharx and will be launched on 27 June. NFT-based VIP cards are waiting for first and second place players in each of the two tournaments, and all casinos interested in joining the project must sign a content agreement with Spinomenal.
A few weeks in advance, on June 9, El Salvador announced the launch of Astro Club House – an NFT-based casino, the first of its kind. El Salvador is widely known for being the first country in the world to accept Bitcoin as a legal tender, and the transition to being the home of the first NFT casino fits its reputation for being extremely open to crypto, blockchain and now – NFT. The Canadian company – Astro Babies – launched Astro Club House together with its third NFT collection, and the new premises are reportedly located inside a beautiful property, with a modern interior and the glowing Astro Babies logo.
Just as news began to flood the network about the new casino, more NFT-related headlines began to appear, with the UFC and DraftKings announcing a new Reignmaker’s NFT game, focused on the UFC. The new iteration will include “gamified NFTs”, with UFC fighter NFTs.
