by: Andrew Marden
BEIJING (NEXSTAR) — Non-fungible tokens, commonly referred to as NFTs, account for more than $40 billion spent by early adopters in 2021, and some say they go hand-in-hand with the Olympic games.
People looking for the “next big thing” may have found it according to nWay, creator of a play-to-earn game centered around the Olympics where the prizes are digital pins. The game is called Olympic Games Jam Beijing 2022 and it launched on Feb 3, just before the opening ceremony in Beijing.
“We have been continuously been dropping new NFT pins monthly,” explains TK Kim, CEO of nWay. “So you can actually play the game and earn the pins for free now, you don’t have to buy them anymore. If you have pins, you can get into higher-tiered modes in the game.”
The pins earned can be traded in a marketplace and are officially licensed by the International Olympic Committee (IOC.)
“We have gotten great feedback because Olympic pin trading has always been the tradition for the Olympics,” says Kim. “I think one of the big things, strategy for the IOC is to get more people, especially a younger audience, who may be cutting the cables.”
nWay is also making a PC version of Olympic Games Jam, says Kim, adding that he hopes the game’s intrigue will not be limited to collectors.
“Broadening the audience from just pure collectors to also gamers, that’s been a big focus for the blockchain or crypto community,” says Kim.
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LAHAINA, Hawaii (KHON) – It took teams about six hours to remove more than 550 feet of fishing line wrapped around a mother whale’s head and front flippers off the shores of Hawaii on Valentine’s Day.
The whale, accompanied by her baby and a male escort humpback whale, was first spotted by a tour vessel, Napali Explorer III, on February 12.
NORFOLK, Va. (WAVY) — If you missed your chance the last three years to get a pack of Smartmouth Brewing’s popular Saturday Morning Marshmallow IPA, that’s OK.
The brewery is going to release the cereal-themed beer — reminiscent of Lucky Charms — for a fourth year on March 5.
NORFOLK, Va. (WAVY) — A proposed facility plan to consolidate and demolish aging buildings in Norfolk Public Schools has people in the community asking for a say in the process.
One phase of the draft plan looks at closing Madison Alternative School and moving Madison students to Lindenwood Elementary. The plan is getting a lot of pushback from the Lindenwood community since the school’s current students would be split up and Lindenwood would be no more.
The Olympics and blockchain unite in new NFT-based game – WAVY.com