Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Oly Sport Metaverse; The First NFT eSport Game in Canada

CryptocurrencyNov 02, 2021 02:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Oly Sport Metaverse; The First NFT eSport Game in Canada

Oly Sport Metaverse is the first game in the world that allows players and investors to invest in virtual land backed by real estate through NFT marketplaces, thoroughly solving the risk of token devaluation.

In the context of the fast-growing game industry, with new games continually being released everyday, it is not surprising that the gaming trend is also changing constantly. The concept of ‘play-to-earn’ is no longer a strange concept, quickly replacing traditional gaming models like ‘free-to-play’ or ‘pay-to-win’.

Recently, Oly Sport, the NFT game modeled on Esports has gained popularity worldwide and brought high expectations to millions of NFT gamers, crypto investors, and horse racing enthusiasts around the world. The core team at Oly Sport shared that they are finalizing the strategic sales round at $2 million; with a $20M pre-launch valuation. Let’s find out how Oly Sport is different from other NFT games on the market that can attract the top blockchain venture capitals such as BSCStation, X21, Genblock Capital, Everse Capital, Basics Capital to name a few.

The NFT Game genre is different: Instead of the “play-to-earn” models like other games, Oly Sport has a “race-to-earn” mechanism. Players can take part in various horse-related activities such as breeding, upgrading barns, raising horses, and preparing them for races. Oly Sport’s players will be able to participate in Esports tournaments – which is expected to soon become the standard for horse racing in the field of eSports.

It’s important to note that there is no gambling feature included in the game as this is not ethically, culturally, or legally accepted in many parts of the world. Oly Sport’s grand vision is to unite humanity within its Metaverse, regardless of the player’s economic class, playstyle, ethnicity and other separation factors.

Built on the Esport model: The outcome of the race is determined by algorithms to ensure the race is fun, fair, and unpredictable. The more steeds owned, the better the chance of winning, and the higher the reward for players.

Oly Sport uses a complex algorithm to calculate which horse will win the race. While other games only take into consideration the horses’ strengths, and performance history; Oly Sport uses factors such as weather, genotype, bloodline, player’s bond with the steed, and race track conditions amongst other variables to determine performance.

Virtual NFT land backed by real estate: The most exciting value-add that Oly Sport brings to the NFT gaming community is the ability to solve virtual NFT land risks for players and investors. More specifically, when participating in NFT games, players often feel anxious when investing because the value of any items can fluctuate and depreciate depending on the market demand, which is often unpredictable in an early market.

Oly Sports wants to assure their players that this will never happen as the virtual NFT land is backed by real land with real value. Players can generate passive income by renting out stables, farming and hosting races on racetracks on the virtual land. At the same time, players have the security that the virtual land they invest in has real land value. This is considered a “double insurance” system that players can completely invest with security. In the event that the token price falls, the price of land will always increase – this is the guarantee that the player’s investment will always earn a return profit.

Easy to play, and caters to every play-style: Oly Sport offers a variety of ways for players and investors to earn profits. The game economy of Oly Sport is easy to get used to, similar to old-fashioned “farm” style games with the addition of horse racing and eSport tournaments.

Horse caring, horse racing, trading, collecting horses or investing in farms/race tracks can all be profitable. Players can have various professions in this metaverse: players can be horse-owners, virtual landlords, Olypreneurs (virtual in-game entrepreneurs), and virtual employees that support all former professions. Whether players have a lot of tokens, or very little, they all have opportunities to grow their wealth and become the next crypto-millionaire. Players will consider purchasing in-game NFT assets – be it horses, virtual land, or tournament arenas – as a real-life investment that generates passive income and have the flexibility to invest the time and money within their budget.

The longer you hold, the more valuable the tokens are: The management team will proceed to “burn” the tokens extracted from the in-game transactions, causing the supply of $OLY tokens to decrease over time. In Oly Sport’s virtual society, there is no government printing money and causing inflation in the market. The management team controls the token circulation in the market, and the number of tokens decreases over time based on the mechanism the team created.

Jimmy Chan – CEO of Oly Sport and former CEO of Odyssey3D – a leading 3D modeling and virtual reality real estate company in Toronto, Canada confidently shared: “No other game connects virtual assets with real world assets. We are the first metaverse where virtual land will be backed by real land value ”. By capturing the risk aversion of NFT investors, Oly Sport is addressing this risk and bringing a unique experience like never before.

Even before Facebook (NASDAQ:FB) changed its name to Meta, Jimmy has taken one step ahead to build a metaverse for a community of horse enthusiasts, investors and D.A.O believers. Taking it a step further, this project embodies Jimmy’s timeless vision: To unify financial markets; democratize, decentralizing, and globalize real estate ownership; and at the same time, allowing investors to earn a living playing video games — all delivered inside Oly Sport’s metaverse.

In short, Oly Sport is a name that attracts strong attention from the NFT gaming community around the world, especially because of the unique property ownership mechanism mentioned above. When investment risk is resolved, players can invest with confidence, and look forward to experiencing “race-to-earn” and owning virtual land backed by real-life farmland and racetracks – something that no NFT game has ever done before.

It is expected that Oly Sport will IDO on November 2 on BSC Station and November 6 on GameFi.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Continue reading on CoinQuora

Oly Sport Metaverse; The First NFT eSport Game in Canada
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Mussa Hadji
Mussa Hadji Nov 02, 2021 4:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email