Play-to-Earn Olympic Games announced by Animoca Brands

Game Publisher Animoca Brands and Gaming Studio Nway is currently developing two play-to-earn Olympic games ahead of the winter and summer games. Aside from P2E mechanics, both games support synchronous online multiplayer and cross-platform gameplay. During Flow Fest, the developers revealed the first details about their Beijing 2022 Winter Olympics game and the Paris 2024 Summer Olympics game.

Back in 2019, Animoca Brands acquired nWay for $7.69 million. nWay is a game developer and publisher of triple-A games on console, PC, and mobile platforms. For example, it developed Power Rangers: Legacy Wars, a free P2E game with more than 50 million downloads. So with two new games coming up, we’ll finally get a glimpse of how the two gaming companies are acclimating.

Play-to-Earn Olympic Games

Both games will run on the Flow Blockchain and use NFTs to provide P2E Opportunities. For example, players need to accumulate points to be eligible to win NFT boxes. Of course, players can trade the boxes or their contents on a marketplace. Moreover, the Olympic-based game will allow players to compete on both PC and mobile devices.

NFT-backed Collectible pins will be up for grabs, similar to the existing ones. As a surprise treat, the Olympic Pins from Tokyo 2020 will have a utility in the game. Then, the game will also jump into the PFP wave by releasing avatars with in-game utility. Players who collect complete sets will receive soon-to-be-announced special perks.

Most of the Play-to-Earn mechanics are yet to be announced but we can already fill in some of the blanks. Most likely, each of the games will offer various mini-games, allowing players to set scores. Then, performance will be the basis to determine whether players will win an NFT. For example, you need to run 200 km in-game to win a reward, or your fastest race in a certain week need to be below a certain time threshold.

Olympic Fever!

The Olympics is the leading international sporting event with more than 200 participating countries. So along with its rich history, it has a well-established market for sporting memorabilia.

In fact, despite the pandemic, it was able to uphold the proud tradition of  Olympics NFT pins. They are a digital version of the physical pins that have been part of the Olympics experience for over a century. The NFTs covered the 1896 Athens games, all the way to Sochi in 2014.

Then, Team GB, Great Britain’s Olympic team, become the first Olympic team to create its NFT collection. The launch comes in partnership with leading NFT commerce provider Tokns and clothing designer Ben Sherman. It debuted with an NFT of gymnast Max Whitlock, celebrating his two gold-medal wins at the 2016 Rio games.

The Olympic fever even reached Sotheby’s. Muhammad Ali Enterprises and Sotheby’s dropped an NFT honoring Boxing Legend Muhammad Ali. The Fight of the Century (Ali vs. Frazier) Animated Illustration was based on Ali’s never-before-seen drawing making it a rare and one-of-a-kind sports memorabilia.