Despite the recent Bitcoin crash, crypto gambling seems to be expanding, and the partnership between Oly Sports and Betswap is another example of that.
Oly Sports is an online horse racing NFT-based platform, where “players can buy, breed, and race virtual horses, which are represented by NFTs,” and Betswap will be serving as an intermediary that will enable blockchain sports betting to its users. Together, the pair is set to launch the world’s first horse racing NFT game, which is expected in August 2022 on Betswap’s platform.
Betswap.gg (BSGG) was dubbed the “first truly decentralized betting exchange” and is using an ERC-20-protocol multichain token (Betswap) that operates on the Ethereum, Avalanche, and Fantom blockchains. It allows users to quickly start betting, simply by linking their crypto wallet – no registration process, e-mails or geographical information required. It takes seconds to get up and running, and is basically trustless, thanks to the underlying technology. Mavic, Betswap.gg CEO 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 cater more users “who are horse racing enthusiasts with the support, technology, and community from Oly Sport.
Betswap.gg CEO Maic
Oly Sports, on the other hand, is the “first horse racing metaverse game using non-fungible tokens,” echoing Betswap’s “first” moniker theme. Oly Sports players will be able to place bets or watch live races on Betswap’s platform without first needing to own a horse in Oly’s metaverse. Oly Sports has already been a host to more than 4,000 races and is currently hosting a tournament throughout the entire month. Jimmy Chan – Oly Sports CEO – commented on the partnership, saying the company is “thrilled to announce our very first partnership with a betting platform,” furthering its efforts to incorporate…
