Oly Sport, a metaverse centering around play-to-earn esport horse racing, and Betswap.gg (BSGG), a platform bridging the gap between sports betting and blockchain, are partnering to bring the first horse-racing NFT game to the BSGG platform.
Using Oly Sport’s API data integration, horse racing fans around the world will soon be able to watch live races and make bets on BSGG platform without having to own a horse in the Oly Sport metaverse.
“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 is recognised as the world’s first horse racing metaverse game using non-fungible tokens (NFTs), where players are rewarded virtual land and real land in-game.
The metaverse gained significant brand recognition as a sponsor at the first Crypto Polo Cup event in Miami. Oly Sport raised $2.3m through tokens in November 2021 and launched the Mainnet at the end of March 2022.
They have hosted over 4,000 races to date with a race every twenty minutes. In recent news, Oly Sport shared that a tournament will be hosted for a whole month in July.
“This collaboration will address the unmet need for accessibility in the world of sports betting, especially when it comes to NFT horse racing” shares Mavic, CEO of Betswap.gg. “We are now able to reach more users worldwide who are horse racing enthusiasts with the support, technology, and community from Oly Sport.”
The decentralised platform allows users to participate securely and anonymously, as it offers transparency and locked contracts, in addition to reduced fees. Betswap.gg is an ERC-20 token and acts as the centrepiece of the sports betting platform. As a multi-chain token, BSGG resides on the Ethereum, Fantom, and Avalanche blockchains.
The official launch date for Oly Sport on BetSwap is set to be the first week of August.