Oly Sport and Betswap Announces a Strategic Partnership Focused on GameFi 

  • After realizing more than $2.2 million from its token sales last November, Oly Sport launched its mainnet in march this year.

Oly Sport, a play-to-earn horse racing esport,  has partnered with Betswap gg (BSGG), a blockchain-enabled sports betting platform. This partnership will see the launch of a horse-racing NFT game on the BSGG platform. 

Remember, the play-to-earn industry is second after DeFi in global adoption. Consequently, the NFT market has gained much popularity among metaverse and GameFi users.

“To continue evolving and meeting the needs of our eSport community, we are thrilled to announce our very first partnership with a betting platform,” says Jimmy Chan, CEO of Oly Sport. “This partnership underscores our commitment to bringing the traditional horse racing industry to the metaverse.”

Oly Sport and BetSwap Taps on NFT Market

The eSport horse platform is the first racing metaverse that rewards players with virtual land and other in-game rewards.

Earlier in the year, Cryptotvplus named Oly Sports one of the top three virtual horse racing projects worldwide. Oly Sports’ brand recognition was further boosted when it sponsored the first Miami crypto polo event.

After realizing more than $2.2 million from its token sales last November, Oly Sport launched its mainnet in march this year. More than 4,000 races have taken place on the Oly Sports metaverse. There is always a 20-minute interval between races. Recently, the eSports platform announced that it would host a 30-day tournament this month. Many fans have expressed their excitement in looking forward to that tournament.

In his remarks, BSGG CEO, Mavic, said the partnership would bridge the gap of accessibility in the NFT horse racing world. Mavic added that BSGG could leverage Oly Sport’s technology and community to reach more horse racing fans globally.

The platform offers users locked contracts and transparency. Hence, they can participate anonymously. Furthermore, BSGG’s ERC-20 native token is the currency for the platform. This helps in lowering fees. The BSGG token is available on multiple blockchains such as Avalanche, Ethereum, and Fantom.

BSGG has emerged as a true competitor with centralized betting exchanges. This partnership further enhances BSGG’s position as a top web3 decentralized betting platform. Despite the general downturn in the crypto market, these two projects have stuck with their development schedule.

Many industry experts have commended them for doing so. The launch of the horse-racing NFT game on the BSGG platform is scheduled for early next month. The horse racing industry is the latest addition to NFTs’ use cases. New use cases for NFTs continue to emerge. Previous use cases have been limited to high-profile collections such as the Cryptopunks and BAYC NFT collections.

Rebecca Davidson Verified

Rebecca is a Senior Staff Writer at BitcoinWisdom, working hard to bring you the latest breaking news in the cryptocurrency market. In the words of Elon Musk “Buy stock in several companies that make products & services that *you* believe in. Only sell if you think their products & services are trending worse. Don’t panic when the market does. This will serve you well in the long-term.”

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